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International Business Machines Corporation's SEC filings document material events, operating and financial results, shareholder voting matters, governance and capital-structure disclosures for an enterprise technology company. Current reports identify IBM common stock and multiple listed notes and debentures, while 8-K disclosures cover recurring business, financial and corporate events.
Proxy materials describe board matters, voting items, executive compensation and equity-award information. Other filings include Form 25 notices for exchange-level removal from listing and registration of debt securities, alongside disclosures tied to registered securities and exchange listings.
International Business Machines Corporation reported Q2 2026 revenue of $17,162 million, slightly above $16,977 million a year earlier. Net income was $2,165 million versus $2,194 million, with diluted EPS of $2.27. For the first six months, revenue reached $33,079 million and net income $3,381 million, both up year over year.
Software and Consulting grew, with Q2 Software revenue rising 5.1% and segment profit 8.9%, while Infrastructure revenue declined 7.4% and profit 13.4%. By region, Americas were essentially flat, and Europe/Middle East/Africa and Asia Pacific showed year-over-year revenue growth. Remaining performance obligations totaled about $68 billion, 69 percent expected to be recognized within two years.
Operating cash flow increased to $7,766 million for the first half, but $10,480 million of cash acquisitions, led by the Confluent purchase, drove a $6,423 million reduction in cash and equivalents to $7,217 million. IBM paid $11,602 million total consideration for Confluent, adding $7,238 million of goodwill and $3,834 million of identifiable intangibles, mostly assigned to the Software segment. Long-term debt rose to $56,212 million, total equity to $34,541 million, and common shares outstanding were 942,134,390 at June 30, 2026.
International Business Machines Corporation reported second-quarter 2026 revenue of $17.2B, up 1% year over year. GAAP net income from continuing operations was $2.2B and diluted EPS was $2.27, slightly below the prior-year $2.31. Operating (non-GAAP) diluted EPS was $2.93, up 5%.
Software revenue was $7.8B, up 5%, Consulting was $5.3B and flat, Infrastructure was $3.8B, down 7%, and Financing was $0.2B, up 12%. Net cash from operating activities in the quarter was $2.6B, while free cash flow was $2.5B. Year to date, free cash flow was $4.8B. IBM ended the quarter with $8.2B in cash, restricted cash and marketable securities and total debt of $62.0B, and has invested $10.5B in acquisitions this year.
IBM now expects full-year 2026 constant currency revenue growth of four-to-five percent, free cash flow to increase by about $1B year over year, and improved pre-tax income margin expansion. The board declared a quarterly dividend of $1.69 per share. Management highlighted ongoing investment in AI-driven offerings, including Lightwell for open source security and more than $10B planned for quantum computing over the next five years.
International Business Machines Corporation reported selected preliminary results for the second quarter of 2026. Revenue was $17.2 billion, up 1 percent, with Software revenue up 5 percent, Consulting roughly flat (up 1 percent at constant currency) and Infrastructure revenue down 7 percent.
GAAP gross profit margin was 57.7 percent, down 100 basis points, while operating (non-GAAP) gross margin was 59.4 percent, down 70 basis points. GAAP pre-tax income margin was 14.4 percent, down 90 basis points, and operating (non-GAAP) pre-tax income margin was 19.2 percent, up 30 basis points. GAAP diluted EPS from continuing operations was $2.27, down 2 percent, and operating (non-GAAP) diluted EPS was $2.93, up 5 percent. Year to date, net cash from operating activities was $7.8 billion and free cash flow was $4.8 billion.
Management cites a shortfall in Z systems and related transaction processing software, driven by client capex shifts toward other infrastructure and cybersecurity distractions, which delayed large deals. At the same time, Red Hat revenue growth accelerated to 11 percent, Distributed Infrastructure grew 37 percent with about $500 million backlog, and the z17 program remains at nearly 130 percent program-to-program. IBM highlighted new initiatives including Lightwell, a $5 billion commitment supported by more than 20,000 engineers to address open source software vulnerabilities, and quantum plans including a letter of intent for the Anderon quantum wafer foundry backed by $1 billion in CHIPS incentives, a $1 billion IBM cash contribution and more than $10 billion of planned quantum investment over five years, aiming for a large-scale fault-tolerant quantum computer by 2029.
INTERNATIONAL BUSINESS MACHINES CORP Senior Vice President Anne Robinson reported compensation-related stock activity involving restricted stock units that vested into common shares. On July 1, 2026, she exercised derivative awards to acquire 7,295 shares of IBM common stock.
To cover tax obligations, 4,035 shares were disposed of through share withholding at $286.725 per share, a non‑market transaction. After these exercises and tax withholdings, Robinson directly holds 13,016.578 shares of IBM common stock. The transactions reflect routine equity compensation vesting rather than open‑market buying or selling.
Laguarta Ramon reported acquisition or exercise transactions in this Form 4 filing.
INTERNATIONAL BUSINESS MACHINES CORP director Ramon Laguarta received a compensation-related equity award rather than trading shares on the market. He was granted 325 Promised Fee Shares tied to IBM common stock under the IBM Board of Directors Deferred Compensation and Equity Award Plan, increasing his holdings under this plan to 451 shares. These Promised Fee Shares represent deferred board fees and will be paid out in IBM common stock or cash after retirement, with distribution under the plan deferred until that time.
ZOLLAR ALFRED W reported acquisition or exercise transactions in this Form 4 filing.
INTERNATIONAL BUSINESS MACHINES CORP director Alfred W. Zollar received 325 Promised Fee Shares as compensation. The grant is a deferred fee award under the IBM Board of Directors Deferred Compensation and Equity Award Plan, linked to an underlying 325 shares of common stock at a reference price of $281.21 per share. These Promised Fee Shares are paid out after retirement in IBM common stock or cash, and distribution is deferred until retirement. Following this award, Zollar’s reported direct holdings tied to this plan total 9,940 Promised Fee Shares, reflecting routine board compensation rather than an open-market stock purchase.
VOSER PETER R. reported acquisition or exercise transactions in this Form 4 filing.
INTERNATIONAL BUSINESS MACHINES CORP director Peter R. Voser received a grant of 356 Promised Fee Shares on June 30, 2026 under the IBM Board of Directors Deferred Compensation and Equity Award Plan. These represent deferred board fees, not an open-market purchase.
The Promised Fee Shares are linked to IBM common stock and are scheduled to be paid out in company stock or cash after retirement, according to the plan’s terms. Following this award, Voser’s directly held position reported in this filing totals 32,600 shares.
Pollack Martha E reported acquisition or exercise transactions in this Form 4 filing.
INTERNATIONAL BUSINESS MACHINES CORP director Martha E. Pollack reported a routine compensation-related transaction involving deferred director fees. She received an award of 209 Promised Fee Shares on 2026-06-30 under the IBM Board of Directors Deferred Compensation and Equity Award Plan, at a reference price of $281.21 per share. These Promised Fee Shares are tied to IBM common stock and are paid out after retirement in either common stock or cash, with distribution deferred until retirement. Following this grant, Pollack directly holds 17,506 shares associated with these arrangements.
Miebach Michael reported acquisition or exercise transactions in this Form 4 filing.
INTERNATIONAL BUSINESS MACHINES CORP director Michael Miebach received 325 Promised Fee Shares as a compensation award. These were granted on June 30, 2026 at a reference price of $281.21 per share under IBM’s Board of Directors Deferred Compensation and Equity Award Plan.
The Promised Fee Shares represent deferred board fees and will be paid out after retirement in IBM common stock or cash, according to plan terms. Following this grant, Miebach’s holdings in Promised Fee Shares increased to 4,278 shares, and the transaction reflects routine deferred compensation rather than an open-market purchase.
INTERNATIONAL BUSINESS MACHINES CORP director Frederick William McNabb III received a compensation-related equity award. He acquired 325 Promised Fee Shares linked to IBM common stock at a reference value of $281.21 per share, increasing his direct holdings to 16,518 underlying shares.
The Promised Fee Shares arise from deferring board fees under the IBM Board of Directors Deferred Compensation and Equity Award Plan. According to the plan terms, these deferred Promised Fee Shares are paid out after retirement in IBM common stock or cash, with distribution deferred until that retirement date.