8-KEarnings & ResultsExhibits & Filings

INTERNATIONAL BUSINESS MACHINES CORP 8-K Report, Financial Results (Apr 24, 2024)

Filed April 24, 2024For Securities:IBM

Summary

International Business Machines Corp. (IBM) filed an 8-K on April 24, 2024, primarily to disclose its financial results for the quarter ended March 31, 2024. The filing includes the company's earnings release (Exhibit 99.1) which details both GAAP and non-GAAP financial measures. Management believes these non-GAAP measures offer valuable insights for investors, and reconciliations to GAAP are provided within the press release. While the 8-K itself does not contain detailed financial figures, it serves as the official notification that the earnings release, containing this crucial information, is now publicly available. Investors are encouraged to review Exhibit 99.1 for a comprehensive understanding of IBM's recent performance and financial condition, alongside the provided rationale for non-GAAP reporting in Exhibit 99.2.

Key Highlights

  • 1IBM filed an 8-K on April 24, 2024, to announce its Q1 2024 financial results.
  • 2The core of the filing is the earnings release (Exhibit 99.1), which contains detailed financial performance data.
  • 3IBM provided both GAAP and non-GAAP financial measures in its earnings release.
  • 4The company emphasizes that non-GAAP measures are believed by management to provide useful insights to investors.
  • 5Reconciliations between GAAP and non-GAAP financial measures are included in the earnings release.
  • 6The filing refers investors to IBM's website for additional and updated information.
  • 7Information furnished under Item 2.02 is not considered 'filed' for certain regulatory purposes.

Frequently Asked Questions

IBM's Q1 2024 financial results are detailed in the earnings release (Exhibit 99.1) attached to the 8-K filing dated April 24, 2024. This release is available for review.

IBM's management believes that the disclosed non-GAAP financial measures provide useful additional information to investors. These measures are intended to offer a different perspective on the company's performance alongside its reported GAAP results. Reconciliations to GAAP are provided for clarity.

This 8-K filing itself does not contain the detailed financial statements or numbers. Instead, it officially announces that the earnings release (Exhibit 99.1), which does contain these figures, has been made public.

IBM encourages investors to visit its official website, www.ibm.com, particularly the investor relations section (www.ibm.com/investor/), as it contains significant and updated financial and other information.