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AI brief of an SEC Form 8-K · IBM (IBM)

IBM Q4 revenue rises 12% to $19.7 billion; 2026 outlook calls for growth above 5%

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyIBM (IBM)
Form8-K, current report
Filed with the SECJan 28, 2026, 4:10 PM ET
Accession number0000051143-26-000004

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.