Highest-materiality recent filing
IBM Q2 GAAP EPS $2.27, revenue $17.2B down 1% YoY; guides 4-5% constant currency growth
GAAP revenue $17.2B (-1% YoY); GAAP diluted EPS $2.27 (-2% YoY); operating EPS $2.93 (+5% YoY).
Revenue $17.2B (+1% YoY); Software +5%, Consulting flat, Infrastructure -7%.
IBM to invest $10B+ over 5 years in quantum computing; targets fault-tolerant system by 2029
Plans to invest more than $10B over next 5 years in quantum R&D, capex, partnerships, manufacturing, and M&A.
IBM Q1 revenue $15.9B (+9% YoY); EPS $1.28 GAAP, $1.91 non-GAAP; dividend raised to $1.69
Revenue $15.9B, up 9% (6% cc); Software +11%, Consulting +4%, Infrastructure +15%.
IBM issues €3.5B and $3.25B in new debt across multiple tranches
Total €3.5B Euro Notes: 3.000% due 2031, 3.450% due 2034, 3.850% due 2038, plus Floating Rate due 2028.
IBM Q4 rev $19.7B, up 12%; Software +14%; FY26 guides >5% cc growth, FCF +$1B
Q4 GAAP diluted EPS $5.86 (incl. tax benefit); operating EPS $4.52, up 15% YoY.
IBM Q3 revenue $16.3B (+9% YoY); raises FY revenue and FCF guidance
GAAP EPS $1.84; operating (non-GAAP) EPS $2.65, up 15% YoY; gross margin improved 1.1 pts to 57.3%.
IBM Q2 revenue $17.0B (+8% YoY); raises FY free cash flow outlook to >$13.5B
GAAP diluted EPS $2.31, operating EPS $2.80; pre-tax margin 15.3% GAAP, 18.8% operating.
IBM Q1 revenue $14.5B (+1% YoY), GAAP EPS $1.12, operating EPS $1.60; guidance maintained
Revenue $14.5B up 1% (2% cc); Software +7% (9% cc), Consulting -2%, Infrastructure -6%.
IBM issues €3.5B Euro Notes and $4.75B USD Notes in debt offering
IBM issued €3.5B in Euro Notes across four tranches: 2.900% due 2030, 3.150% due 2033, 3.450% due 2037, 3.800% due 2045.
IBM files 8-K furnishing Q4 2024 earnings presentation and prepared remarks
IBM filed an 8-K on January 29, 2025 regarding its fourth quarter 2024 earnings presentation.
Q4 revenue $17.6B (+1% YoY, +2% cc); GAAP EPS $3.11, operating EPS $3.92.
IBM Q3: Op EPS $2.30, revenue $15B +1%; Software +10%, Red Hat +14%; FCF >$12B FY guide
Revenue $15.0B (+1%, +2% cc); GAAP EPS -$0.34 (incl $2.7B pension charge), Op EPS $2.30 (+5%).
IBM transfers $6B pension obligations to Prudential; expects $2.7B pre-tax settlement charge
Transaction closed Sept 11, 2024; covers ~32,000 participants receiving benefits initiated before 2016.
IBM Q2 rev $15.8B (+2%, +4% cc), GAAP EPS $1.96, raises FCF view to >$12B
Revenue $15.8B (+2%, +4% cc); GAAP EPS $1.96 (+14%), operating EPS $2.43 (+11%).
IBM Q1 2024: Rev $14.5B, EPS $1.69; acquires HashiCorp for $35/share ($6.4B)
Revenue $14.5B (+1%; +3% cc); GAAP diluted EPS $1.69 (+66%); operating non-GAAP EPS $1.68 (+24%).
IBM completed divestiture of Weather Company assets on Jan 31, 2024, moving from Software to Other – divested businesses.
IBM subsidiary IIC issues $5.5B in notes across seven tranches, guaranteed by IBM
IBM International Capital Pte. Ltd. issued $5.5B aggregate principal of notes; fully guaranteed by IBM.
IBM EVP and GC Michelle Browdy to retire by year-end; 2024 compensation disclosed for top executives
Michelle H. Browdy, SVP Legal and General Counsel, retiring by end of 2024 after 10 years in role.
IBM Q4 revenue $17.4B +4% YoY; guides FY2024 FCF ~$12B
Q4 GAAP EPS $3.54 (+13%); non-GAAP $3.87 (+8%). Revenue $17.4B (+4%, +3% cc).
IBM Q3 revenue up 4.6% to $14.8B; operating EPS $2.20; free cash flow $1.7B
Revenue $14.8B, +4.6% YoY (+3.5% cc); software +8%, consulting +6%, infrastructure -2%.
IBM Q2 revenue $15.5B, op. EPS $2.18; software up 8%, consulting up 6%
Revenue of $15.5B; operating pre-tax income $2.4B; free cash flow $2.1B in Q2, $3.5B first half.
IBM Q2 2023 revenue $15.5B (-0.4%); GAAP EPS $1.72; Software up 7%, Infrastructure down 15%
Revenue $15.5B, down 0.4% YoY (up 0.4% constant currency); GAAP diluted EPS $1.72, operating EPS $2.18.
IBM Q1 revenue $14.3B, op EPS $1.36; FY FCF reaffirmed at $10.5B
Revenue $14.3B, constant-currency growth ~4.5%; operating EPS $1.36.
nuary 29, 2024, Michelle H. Browdy has decided to retire from her role as Senior Vice President, Legal and Regulatory Affairs, and General Counsel, by the end of the year, after 10 years in the role.
On December 12, 2023, IBM announced that Marianne C. Brown, the former Chief Operating Officer of Fidelity National Information Services, Inc.’s (FIS) Global Financial Solutions, has been elected to the IBM Board of Directors, effective December 12, 2023.
On July 31, 2023, IBM announced that Michael Miebach, Chief Executive Officer of Mastercard Incorporated, has been elected to the IBM Board of Directors, effective October 30, 2023.
** As previously disclosed by the Company, Mr. Rosamilia, Senior Vice President, will retire from the Company by June 30, 2023.
Effective January 30, 2023, Nicolas A. Fehring, 44, will become Vice President and Controller.
On January 5, 2023, IBM announced that Robert F. Del Bene, Vice President and Controller will assume a new position as General Manager, IBM Technology Lifecycle Services, effective January 30, 2023.
On January 2, 2023, Thomas W. Rosamilia, Senior Vice President, IBM Software, decided to retire from the Company by June 30, 2023
On September 30, 2021, IBM announced that Al Zollar, former director of Red Hat, has been elected to the IBM Board of Directors, effective October 25, 2021.
Effective July 1, 2021, James M. Whitehurst has decided to step down as IBM President and will no longer serve as an officer of IBM.
Max materiality 0.90 · Median 0.53 · Most common event earnings