International Business Machines Corp 8-K Filings

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 Corporation (IBM) extended the maturities of its existing syndicated credit facilities without changing their key terms. The company’s $2.5 billion Three-Year Credit Agreement, originally dated June 22, 2021, now matures on June 20, 2029. Its $7.5 billion Five-Year Credit Agreement, also dated June 22, 2021, now matures on June 22, 2031. All other terms of both agreements remain unchanged, helping IBM maintain committed backup liquidity from a broad bank group.

International Business Machines Corporation is outlining plans to invest more than $10B over the next five years to expand its quantum computing capabilities. The company aims to support R&D, capital spending, ecosystem partnerships, manufacturing scale-up and M&A, with a goal of delivering the first large-scale fault-tolerant quantum computer by 2029.

IBM notes it has deployed over 90 quantum systems and built a global network of more than 325 companies, startups, universities and government agencies using its quantum computers for scientific work. The investment follows a Letter of Intent with the U.S. Department of Commerce to build an American quantum chip foundry to accelerate domestic quantum innovation.

International Business Machines Corporation held its 2026 Annual Meeting of Stockholders on April 28, 2026. Stockholders approved the IBM 2026 Long-Term Performance Plan, which allows the company to grant stock options, RSUs, PSUs and other stock- or cash-based incentives to employees and certain contractors.

Following director Frederick H. Waddell’s departure, IBM amended its By-Laws to set the Board size at thirteen directors, effective April 28, 2026. All director nominees standing for election were elected for one-year terms, and stockholders ratified the independent auditor and approved the advisory vote on executive compensation.

Stockholders rejected several stockholder proposals, including changes to outside director stock ownership guidelines, a right to act by written consent, and requests for reports on AI bias and on discrimination in charitable support.

IBM reported strong first-quarter 2026 results, with revenue of $15.9 billion, up 9% year over year (6% at constant currency), driven by double-digit growth in Software and Infrastructure.

GAAP diluted EPS from continuing operations was $1.28, up from $1.12, while operating (non-GAAP) EPS rose to $1.91 from $1.60, reflecting margin expansion. Free cash flow reached $2.2 billion, up $0.3 billion year over year, as net cash from operating activities increased to $5.2 billion.

Software revenue was $7.1 billion, up 11%, Consulting was $5.3 billion, up 4%, and Infrastructure was $3.3 billion, up 15%. IBM reaffirmed expectations for full-year 2026 constant-currency revenue growth of more than 5% and about $1 billion higher free cash flow, and raised its quarterly dividend to $1.69 per share.

International Business Machines Corporation filed a current report to document a corporate governance change. In connection with the election of Ramon Laguarta to the Board of Directors, IBM amended Article III, Section 2 of its By-laws to increase the number of directors to fourteen, effective March 1, 2026. The amended By-laws are included as an exhibit to the report, along with the required cover page interactive data file.

International Business Machines Corporation (IBM) filed a Form 8-K to update its existing shelf registration statement by incorporating detailed note-offering documents as exhibits. The filing covers Euro‑denominated notes with an aggregate principal amount of €3,500,000,000 and U.S. dollar notes with an aggregate principal amount of $3,250,000,000.

The 8-K adds underwriting agreements for both the Euro and USD offerings, forms of fixed and floating rate notes with maturities ranging from 2028 to 2056, and a legal opinion and related consent from Vice President and Assistant General Counsel Jane P. Edwards. The Euro and USD notes were offered using separate prospectus supplements under Registration Statement No. 333-276739 on Form S-3, which became effective January 29, 2024.

International Business Machines Corporation is adding an experienced external leader to its board. The company has elected Ramon Laguarta, current Chairman and Chief Executive Officer of PepsiCo, Inc., to its Board of Directors, effective March 1, 2026.

Mr. Laguarta will serve on the Board’s Directors and Corporate Governance Committee, which oversees board composition, governance policies, and related matters. He will participate in the company’s standard compensatory and other arrangements for non‑management directors, as previously described in IBM’s Proxy Statement dated March 10, 2025.

IBM also furnished a press release announcing his election as Exhibit 99.1, and included a cover page interactive data file as Exhibit 104.

International Business Machines Corporation (IBM) released a press release dated January 28, 2026 covering its financial results for the period ended December 31, 2025. The release includes consolidated financial statements for that period.

The company also provided non-GAAP financial measures that management believes give investors additional insight, along with reconciliations to the most directly comparable GAAP measures. Additional detail on IBM’s non-GAAP metrics is supplied in a separate accompanying document referenced in the report.

IBM filed an 8-K under Item 7.01 (Regulation FD), furnishing materials for its third-quarter 2025 earnings presentation to investors on October 22, 2025. The company provided prepared remarks from the Chairman and CEO Arvind Krishna and CFO Jim Kavanaugh as Exhibit 99.1, and the presentation slides as Exhibit 99.2.

Non-GAAP reconciliations for measures discussed in the presentation are included in Exhibit 99.2. The information in Item 7.01 and Exhibits 99.1 and 99.2 is being furnished, not filed, under the Securities Exchange Act of 1934.

International Business Machines Corporation (IBM) furnished an 8-K under Item 2.02, providing a press release with financial results for the period ended September 30, 2025 as Exhibit 99.1 and related non-GAAP information as Exhibit 99.2. The materials are described as being furnished, not filed, under the Exchange Act. IBM notes that reconciliations to GAAP are included in the press release and directs investors to its website for additional information.

IBM has amended two significant credit agreements, enhancing its liquidity position:

• Modified the $2.5 billion Three-Year Credit Agreement, extending its maturity to June 20, 2028 through Amendment No. 2
• Amended the $7.5 billion Five-Year Credit Agreement, extending its maturity to June 22, 2030 through Amendment No. 2

Both credit facilities involve major financial institutions with JPMorgan Chase Bank as Administrative Agent, and BNP Paribas, Citibank N.A., and Royal Bank of Canada as Syndication Agents. The amendments maintain IBM's strong liquidity profile with a combined $10 billion in credit facilities, demonstrating continued support from banking partners and financial flexibility for future operations.