8-KEarnings & ResultsExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Financial Results (Jul 19, 2023)

Filed July 19, 2023For Securities:IBM

Summary

International Business Machines Corp (IBM) filed an 8-K on July 19, 2023, primarily to furnish its earnings release dated July 19, 2023, detailing financial results for the period ended June 30, 2023. This filing includes both GAAP and non-GAAP financial information, with the company emphasizing that management believes the non-GAAP measures offer additional useful insights to investors. Reconciliations between GAAP and non-GAAP figures, along with the rationale for using non-GAAP measures, are provided in the accompanying exhibits. Investors should note that the information furnished in this Item 2.02, including the exhibits, is not considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. The company directs investors to its website, specifically the investor relations section, for ongoing updates and information.

Key Highlights

  • 1IBM announced its financial results for the period ended June 30, 2023, via an earnings release filed as an exhibit.
  • 2The filing includes both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial information.
  • 3Management believes non-GAAP financial measures provide additional useful information to investors.
  • 4Reconciliations between GAAP and non-GAAP financial measures are included in the provided exhibits.
  • 5The rationale behind the use of non-GAAP financial measures by management is also detailed in an exhibit.
  • 6The furnished information is not deemed 'filed' under Section 18 of the Securities Exchange Act of 1934.
  • 7IBM encourages investors to visit its website for updated financial and other investor information.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially submit IBM's press release dated July 19, 2023, which contains its financial results for the second quarter ended June 30, 2023. It also includes supplementary information regarding non-GAAP financial measures.

The detailed financial results, including consolidated financial statements, are contained within the earnings release (Exhibit 99.1) that is furnished with this 8-K filing. IBM also directs investors to its investor relations website for more information.

IBM is providing non-GAAP financial measures alongside its GAAP results, stating that management believes these non-GAAP figures offer additional useful insights for investors. Reconciliations to GAAP and the company's reasoning for using these measures are provided in accompanying exhibits.

No, the information furnished in Item 2.02 of this 8-K, including the press release and related exhibits, is being provided for informational purposes and is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not carry the same legal implications as officially filed documents.