---
schema_version: "secwatch.filing_event.v1"
accession: "0000051143-26-000070"
form_type: "8-K"
ticker: "IBM"
cik: "0000051143"
company_name: "INTERNATIONAL BUSINESS MACHINES CORP"
filed_at: "2026-07-14T11:01:52+00:00"
generated_at: "2026-07-14T11:05:18.195360+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IBM Q2 prelim: rev $17.2B (+1%), GAAP EPS $2.27 (-2%); cites client capex shift, cyber distractions for shortfall

## Summary
- Revenue $17.2B (+1% YoY); Software +5%, Consulting flat, Infrastructure -7%.
- GAAP diluted EPS $2.27 (-2%); Operating (non-GAAP) EPS $2.93 (+5%).
- YTD net cash from ops $7.8B; free cash flow $4.8B.
- Shortfall driven by client capex reprioritization and cybersecurity distractions; large deals failed to close.
- Announced Lightwell ($5B commitment) and quantum foundry Anderon ($1B CHIPS incentives, $1B IBM cash).

## SEC filing metadata
- accession: 0000051143-26-000070
- form_type: 8-K
- ticker: IBM
- cik: 0000051143
- company_name: INTERNATIONAL BUSINESS MACHINES CORP
- filed_at: 2026-07-14T11:01:52+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51143/000005114326000070/0000051143-26-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51143/000005114326000070/ibm-20260714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051143-26-000070
- JSON: https://secwatch.observer/filing/0000051143-26-000070.json
- Plain text: https://secwatch.observer/filing/0000051143-26-000070.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.