---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006321"
form_type: "8-K"
ticker: "IBM"
cik: "0000051143"
company_name: "INTERNATIONAL BUSINESS MACHINES CORP"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:57:15.453102+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IBM Q1 revenue $14.3B, op EPS $1.36; FY FCF reaffirmed at $10.5B

## Summary
- Revenue $14.3B, constant-currency growth ~4.5%; operating EPS $1.36.
- Free cash flow $1.3B (+$100M YoY); FY FCF target reaffirmed at ~$10.5B.
- Software +6%, Consulting +8%, Infrastructure flat; Red Hat +11%.
- Consulting growth guidance trimmed to 6-8% as US discretionary projects slow.
- Workforce rebalancing charge of $260M in Q1; expects completion in Q2.

## SEC filing metadata
- accession: 0001558370-23-006321
- form_type: 8-K
- ticker: IBM
- cik: 0000051143
- company_name: INTERNATIONAL BUSINESS MACHINES CORP
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51143/000155837023006321/0001558370-23-006321-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51143/000155837023006321/ibm-20230419x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006321
- JSON: https://secwatch.observer/filing/0001558370-23-006321.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006321.txt

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