8-KEarnings & ResultsExhibits & Filings

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

Filed July 24, 2024For Securities:IBM

Summary

International Business Machines Corp (IBM) filed an 8-K report on July 24, 2024, primarily to furnish its earnings release for the second quarter ended June 30, 2024. This filing is crucial for investors seeking to understand the company's latest financial performance and strategic direction. The report includes the official earnings release as Exhibit 99.1, which contains both GAAP and non-GAAP financial information, along with reconciliations for the non-GAAP measures management finds useful. While the 8-K itself does not contain detailed financial figures, it directs investors to the accompanying press release for comprehensive data. This includes information on revenue, profit, and other key financial metrics. Investors should pay close attention to the non-GAAP information provided, as management believes it offers valuable insights into the company's operational performance, as further explained in Exhibit 99.2. The company also reiterates its commitment to providing ongoing financial information through its investor relations website.

Key Highlights

  • 1IBM filed an 8-K on July 24, 2024, to report its second quarter 2024 financial results.
  • 2The primary content of the filing is the earnings press release (Exhibit 99.1) dated July 24, 2024.
  • 3The earnings release includes both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures.
  • 4Management believes its disclosed non-GAAP financial measures provide useful insights to investors.
  • 5Reconciliations between GAAP and non-GAAP measures are provided within the earnings release.
  • 6The rationale for using non-GAAP measures is detailed in a separate exhibit (Exhibit 99.2).
  • 7Information is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report IBM's financial results for the second quarter ended June 30, 2024, by attaching the company's earnings press release.

The detailed financial results, including both GAAP and non-GAAP figures, are contained within the earnings press release (Exhibit 99.1) that is furnished with this 8-K filing.

Non-GAAP financial measures are financial metrics that exclude certain items that management believes are not indicative of the company's ongoing operational performance. IBM provides them because management believes they offer useful additional information to investors for understanding the company's results. The specific rationale and reconciliations are provided in Exhibits 99.1 and 99.2.

The information in Item 2.02 of this 8-K, including the attached press releases, is being furnished to the SEC and is not considered '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 formally filed information.