---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000529"
form_type: "8-K"
ticker: "IBM"
cik: "0000051143"
company_name: "INTERNATIONAL BUSINESS MACHINES CORP"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:54:32.443967+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# IBM Q4 rev $16.7B flat (+6% cc); op EPS $3.60; guides FY23 FCF ~$10.5B

## Summary
- Q4 revenue $16.7B (flat as reported, +6% cc); operating (non-GAAP) EPS $3.60 vs $3.35 a year ago.
- Software revenue $7.3B (+2.8%, +8% cc); Red Hat grew 10% (+15% cc).
- Consulting revenue $4.8B (+0.5%, +9% cc); Infrastructure revenue $4.5B (+1.6%, +7.4% cc).
- Full-year free cash flow $9.3B (up $2.8B); FY23 FCF target ~$10.5B (up >$1B).
- Full-year GAAP EPS $1.95 includes $5.9B pre-tax pension settlement charge; op (non-GAAP) EPS $9.13.

## SEC filing metadata
- accession: 0001558370-23-000529
- form_type: 8-K
- ticker: IBM
- cik: 0000051143
- company_name: INTERNATIONAL BUSINESS MACHINES CORP
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51143/000155837023000529/0001558370-23-000529-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51143/000155837023000529/ibm-20230125x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000529
- JSON: https://secwatch.observer/filing/0001558370-23-000529.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000529.txt

## Key facts
- Earnings Releases
  INTERNATIONAL BUSINESS MACHINES CORP updated its Full-Year 2023 guidance (reaffirmed).
  - Period: Full-Year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The company expects constant currency revenue growth consistent with its mid-single digit model and about $10.5 billion in consolidated free cash flow, up more than $1 billion year to year
  evidence_url: https://www.sec.gov/Archives/edgar/data/51143/000155837023000529/0001558370-23-000529-index.htm
- Earnings Releases
  INTERNATIONAL BUSINESS MACHINES CORP reported Full-Year 2022 results: revenue $60.5 billion, net income $1.8 billion, EPS $1.95.
  - Period: Full-Year 2022
  - Revenue: $60.5 billion
  - Net income: $1.8 billion
  - EPS: $1.95
  - Result: reported results
  source text: − Consulting revenue up 0.5 percent, up 9 percent at constant currency − Infrastructure revenue up 2 percent, up 7 percent at constant currency Full-Year Highlights ● Revenue of $60.5 billion, up 6 percent, up 12 percent at constant currency (about 4 points from sales to Kyndryl) − Hybrid cloud revenue of $22.4 billion, up 11 percent, up 17 percent at constant
  evidence_url: https://www.sec.gov/Archives/edgar/data/51143/000155837023000529/0001558370-23-000529-index.htm
- Earnings Releases
  INTERNATIONAL BUSINESS MACHINES CORP reported Fourth Quarter 2022 results: revenue $16.7 billion, net income $2.9 billion, EPS $3.13.
  - Period: Fourth Quarter 2022
  - Revenue: $16.7 billion
  - Net income: $2.9 billion
  - EPS: $3.13
  - Result: reported results
  source text: and chief executive officer. "Looking ahead to 2023, we expect full-year revenue growth consistent with our mid-single digit model. ” Fourth-Quarter Highlights ● Revenue of $16.7 billion, flat, up 6 percent at constant currency − Software revenue up 3 percent, up 8 percent at constant currency − Consulting revenue up 0.5 percent, up 9 percent at constant currency
  evidence_url: https://www.sec.gov/Archives/edgar/data/51143/000155837023000529/0001558370-23-000529-index.htm

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