secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001558370-23-006218
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000155837023006218/0001558370-23-006218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000155837023006218/ibm-20230419x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006218

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