International Business Machines Corp

Company facts

Industry

Computer & office Equipment

Headquarters

Armonk, New York

Most recent report

8-K, filed Aug 14, 2026

Incorporated

New York

Filings on record

1,002+ filings

On EDGAR

CIK 51143

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 9 sections worth reading, with 1 positive, 5 notable, and 2 negative flags.

• Financial Statements (Item 1)

  All financial statements and notes with key acquisition and cash flow data.
  Notable

  • New acquisition signed July 22, 2026, expected to close H2 2026 into Infrastructure.
  • Credit agreements amended to extend maturities to 2029 and 2031; no borrowings.

• Management's Discussion (Item 2)

  MD&A with specific Q2 2026 results, segment details, and new strategic investments.
  Positive

  • Distributed Infrastructure revenue up 37.3% in Q2 2026, a record quarter, driven by Power and Storage.
  Notable

  • Total revenue grew only 1.1% in Q2 2026, below expectations, with Software and Infrastructure shortfall.
  • Free cash flow was $2.5B in Q2 2026, down $0.3B year-over-year, despite higher operating cash flow.
  • IBM plans to invest more than $10B in quantum over five years, including a $1B CHIPS Act foundry.
  Negative

  • IBM Z revenue down 42% in Q2 2026, worse than expected, as large deals failed to close in late June.
  • IRS proposed adjustments for 2013-2018 returns; company says it will pursue court resolution if needed.

What changed: Jun 2026 vs. Mar 2026

About 23% of IBM's Jun 2026 10-Q is new information. 111 paragraphs were added, 180 changed, and 53 removed. Below are the most important lines SECSift identified.

• Item 2 159
• Item 1 65