---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006218"
form_type: "8-K"
ticker: "IBM"
cik: "0000051143"
company_name: "INTERNATIONAL BUSINESS MACHINES CORP"
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:59:01.297059+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# IBM Q1 revenue $14.3B (flat YoY); GAAP EPS $1.02, Non-GAAP $1.36; FY free cash flow target ~$10.5B

## Summary
- Revenue $14.3B, up 0.4% as reported, +4.4% constant currency; Software +3%, Consulting +3%, Infrastructure -4%.
- GAAP diluted EPS $1.02 (up 40% YoY); Non-GAAP operating EPS $1.36 (down 3% YoY).
- Free cash flow $1.3B (up $0.1B); net cash from operations $3.8B (up $0.5B); returned $1.5B in dividends.
- FY 2023 guidance: constant-currency revenue growth 3-5%; free cash flow about $10.5B, exceeding prior view.

## SEC filing metadata
- accession: 0001558370-23-006218
- form_type: 8-K
- ticker: IBM
- cik: 0000051143
- company_name: INTERNATIONAL BUSINESS MACHINES CORP
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51143/000155837023006218/0001558370-23-006218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51143/000155837023006218/ibm-20230419x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006218
- JSON: https://secwatch.observer/filing/0001558370-23-006218.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006218.txt

## Key facts
- Earnings Releases
  INTERNATIONAL BUSINESS MACHINES CORP reported first-quarter 2023 results: revenue $14.3 billion, net income $0.9B, EPS $1.02. Guidance reaffirmed.
  - Period: first-quarter 2023
  - Revenue: $14.3 billion
  - Net income: $0.9B
  - EPS: $1.02
  - Guidance: reaffirmed
  - Result: reported results
  source text: executive officer. "This gives us confidence in our current growth expectations for revenue and free cash flow for the year. ” First-Quarter Highlights ● Revenue − Revenue of $14.3 billion, up 0.4 percent, up 4.4 percent at constant currency − Software revenue up 3 percent, up 6 percent at constant currency − Consulting revenue up 3 percent, up 8 percent at
  evidence_url: https://www.sec.gov/Archives/edgar/data/51143/000155837023006218/0001558370-23-006218-index.htm

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