secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0000051143-26-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBM Q4 rev $19.7B, up 12%; Software +14%; FY26 guides >5% cc growth, FCF +$1B
-----------------------------------------------------------------------------

- Q4 GAAP diluted EPS $5.86 (incl. tax benefit); operating EPS $4.52, up 15% YoY.
- Software revenue $9.0B (+14%); Red Hat +10%, Data +22%; Consulting $5.3B (+3%).
- Infrastructure $5.1B (+21%) led by IBM Z +67%; Generative AI book of business >$12.5B.
- FY25 free cash flow $14.7B (+$2B YoY); quarterly dividend $1.68/share, payable Mar 10.
- FY26 guidance: constant currency revenue growth >5%; free cash flow +~$1B YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000005114326000004/0000051143-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000005114326000004/ibm-20260128.htm
  HTML page:      https://secwatch.observer/filing/0000051143-26-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer