Every material Form 8-K IBM has filed with the SEC since January 28, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
IBM reported third-quarter 2026 revenue of $17.1 billion, up 5%, and GAAP diluted earnings per share of $2.31, up from $1.84 a year earlier. The company raised its full-year free cash flow expectation to an increase of more than $1 billion year over year, while keeping its 4% to 5% constant currency revenue growth forecast unchanged.
Revenue $17.1 billion, up 5% (6% at constant currency); Software revenue up 8%
GAAP diluted EPS $2.31 vs. $1.84 a year earlier; GAAP net income $2.2 billion, up 26%
Full-year free cash flow now expected to rise by more than $1 billion year over year; constant currency revenue growth of 4% to 5% unchanged
Quarterly dividend of $1.69 per share declared, payable December 10, 2026, to holders of record November 10, 2026
IBM's board elected Frank Baker, co-founder and Managing Partner of private equity firm Siris Capital Group, effective October 1, 2026. The company also amended its by-laws to increase the board from its prior size to fourteen directors to accommodate the appointment, and Mr. Baker joined the Directors and Corporate Governance Committee.
Frank Baker, 53, elected to IBM's board effective October 1, 2026
Baker joined the Directors and Corporate Governance Committee
By-laws amended to increase the number of directors to fourteen, effective October 1, 2026
Siris Capital has deployed more than $9 billion of equity capital since inception, per the press release
IBM reported second-quarter 2026 revenue of $17.2 billion, up 1% from a year earlier, while GAAP diluted earnings per share fell to $2.27 from $2.31. The company now expects full-year 2026 constant currency revenue growth of 4% to 5% and continues to expect free cash flow to rise by about $1 billion year over year. Shareholders get mixed signals: revenue edged up and operating (non-GAAP) EPS rose 5% to $2.93, but GAAP earnings declined.
Q2 2026 revenue $17.2 billion, up 1%; GAAP gross profit margin 57.7%, down 1.0 points
GAAP diluted EPS $2.27 vs $2.31 a year earlier; operating (non-GAAP) diluted EPS $2.93, up 5%
Full-year 2026 outlook: constant currency revenue growth of 4% to 5%; free cash flow expected to rise about $1 billion
Board declared a quarterly dividend of $1.69 per share, payable September 10, 2026, to holders of record on August 10, 2026
IBM released selected preliminary second-quarter 2026 results, saying its final figures could differ slightly. Revenue rose 1% to $17.2 billion, but Infrastructure revenue fell 7% and GAAP diluted EPS declined 2% to $2.27, while operating (non-GAAP) EPS rose 5% to $2.93. CEO Arvind Krishna said the quarter was below the company's expectations, mainly because numerous large deals failed to close on the expected timelines.
Revenue of $17.2 billion, up 1%; Software up 5%, Consulting flat, Infrastructure down 7%
GAAP diluted EPS of $2.27, down 2%; operating (non-GAAP) EPS of $2.93, up 5%
GAAP gross profit margin 57.7%, down 100 basis points; GAAP pre-tax income margin 14.4%, down 90 basis points
Management will discuss full-year expectations on the conference call on July 22, 2026, at 5:00 p.m. ET
IBM extended the maturities of its $2.5 billion three-year and $7.5 billion five-year credit agreements by one year, to June 20, 2029 and June 22, 2031. The filing says all other terms of both agreements remain unchanged, so this is a routine extension of existing borrowing capacity rather than new debt.
Three-year credit agreement ($2.5 billion) maturity extended to June 20, 2029
Five-year credit agreement ($7.5 billion) maturity extended to June 22, 2031
Extensions were made on June 22, 2026, under existing extension provisions; other terms are unchanged
IBM said senior management will tell investors at May 28, 2026 meetings that it plans to invest more than $10 billion in quantum computing over five years, covering R&D, capital spending, partnerships, manufacturing and acquisitions. The company reiterated its target of delivering a large-scale fault-tolerant quantum computer by 2029. The filing contains no financial results or guidance, so the effect on near-term earnings is not disclosed.
Planned investment of more than $10 billion in quantum over the next 5 years
IBM has deployed over 90 quantum systems and reports a client and partner ecosystem spanning more than 325 Fortune 500 companies, startups, universities and government agencies
Announcement follows last week's Letter of Intent with the Department of Commerce to build an American quantum chip foundry, Anderon
At its April 28, 2026 annual meeting, IBM stockholders approved the 2026 Long-Term Performance Plan, which authorizes stock and cash-based incentive awards for employees and contractors. Director Frederick H. Waddell did not stand for re-election, and the By-laws were amended to reduce the board to thirteen directors, effective April 28, 2026.
Long-Term Performance Plan approved with 443,997,153 votes for (75.8%) and 141,393,340 against (24.2%)
Frederick H. Waddell's board term ended April 28, 2026; board size reduced from fourteen to thirteen
Shareholder proposals on written consent, AI bias reporting and charitable support discrimination reporting all failed, and a stock ownership guidelines proposal also failed with 4.4% support
Say on Pay passed with 94.2% support; auditor ratification passed with 94.0% support
IBM reported first-quarter 2026 results on April 22, 2026. Revenue rose 9 percent to $15.9 billion, and GAAP diluted earnings per share from continuing operations were $1.28, up from $1.12 a year earlier. The company reiterated its full-year 2026 outlook for more than 5 percent constant currency revenue growth and about $1 billion of year-over-year free cash flow growth, and its board raised the quarterly dividend to $1.69 per share.
Revenue of $15.9 billion, up 9 percent (6 percent at constant currency); Software up 11 percent, Infrastructure up 15 percent, Consulting up 4 percent
GAAP diluted EPS from continuing operations of $1.28 versus $1.12; operating (non-GAAP) diluted EPS of $1.91 versus $1.60
Free cash flow of $2.2 billion year to date; full-year 2026 free cash flow expected to rise about $1 billion
Quarterly dividend increased to $1.69 per share, payable June 10, 2026 to holders of record as of May 8, 2026
IBM's board elected Ramon Laguarta, chairman and chief executive officer of PepsiCo, to its board of directors, effective March 1, 2026. He will join the Directors and Corporate Governance Committee, and the filing furnishes the related press release as Exhibit 99.1.
Ramon L. Laguarta, 62, is chairman and CEO of PepsiCo and has led the company since 2018.
Board election is effective March 1, 2026; he will join the Directors and Corporate Governance Committee.
Arvind Krishna, IBM chairman, president and CEO, said Laguarta's technology transformation background would help IBM deliver value to shareholders.
IBM reported fourth-quarter 2025 revenue of $19.7 billion, up 12%, and full-year revenue of $67.5 billion, up 8%. GAAP diluted earnings per share were $5.86, versus $3.11 a year earlier, helped by a tax benefit tied to the resolution of tax audit matters. The company expects full-year 2026 constant currency revenue growth of more than 5% and about $1 billion more free cash flow than in 2025.
Q4 2025 revenue $19.7 billion, up 12%; Software up 14%, Infrastructure up 21%, Consulting up 3%
Q4 GAAP diluted EPS $5.86 vs. $3.11 a year earlier; operating (non-GAAP) EPS $4.52 vs. $3.92
Full-year 2025 free cash flow $14.7 billion; 2026 expectation is about $1 billion year-over-year increase
Quarterly dividend of $1.68 per share declared, payable March 10, 2026 to holders of record February 10, 2026
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every IBM filing is on SEC EDGAR ↗. 8-K briefs of other companies →