IBM at a glance
IBM (IBM, SEC CIK 51143) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on July 23, 2026, an 8-K current report on October 1, 2026 and Form 4 insider filings as recently as October 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), IBM (IBM) reported revenue of $67.5 billion (up 7.6% from FY2024) and net income of $10.6 billion. Diluted EPS was $11.17.
- As of June 30, 2026, 68 institutional investment managers tracked by SignalX reported holding IBM (IBM) shares worth $96.2 billion in 13F-HR filings.
- In the last 90 days, IBM insiders reported 0 open-market purchases ($0) and 1 open-market sale ($5.8M) on Form 4, a net sale of $5.8M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $67.5B
- +7.6% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net −$5.8M
- 13F holders
- 68 funds
- $96.2B · +1 vs prior quarter
- Latest 8-K
- Oct 1, 2026
- Item 5.02 · Item 5.03
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- ~60% of revenues from outside US; exposed to tariffs, export controls, trade sanctions, and currency fluctuations across 175+ countries
- Single or limited suppliers for server processor semiconductors; supply disruption could halt product delivery
- OECD global minimum tax model rules adoption by local countries risks increased tax burden and uncertainty on IBM's multinational structure
- AI regulatory environment evolving globally; non-compliance or AI failures risk debarment, litigation, and loss of government contracts
- Government clients subject to funding reductions or termination-without-cause clauses; suspension or debarment risk from federal/state contracts
Management Discussion & Analysis
- The MD&A section provided contains no actual financial data: it only references external pages (IBM's 2025 Annual Report, pp. 6–38) without reproducing the content. No figures can be reported without fabricating data, which I will not do. To get a proper summary, please paste the actual text from pages 6–38 of IBM's 2025 Annual Report.
Business Overview
- Core model: hybrid cloud + AI platform vendor serving enterprises via software, consulting, and mission-critical infrastructure
- Strategic emphasis on quantum computing flagged as next major growth opportunity alongside ongoing hybrid cloud/AI push
- Broad partner ecosystem highlighted as key differentiator: Adobe, AWS, Microsoft, Oracle, Salesforce, SAP among named strategic allies who are simultaneously competitors
- New CLO Anne Robinson joined 2024 from Vanguard, only executive officer not with IBM for prior 5 years: notable leadership change
- Financing segment actively competes on credit/residual value risk management vs financial institutions, not just IT incumbency
AI summary of the IBM 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 revenue $17.162B, up 1.1% YoY from $16.977B
- Net margin 12.6% vs 12.9%; gross margin 57.7% vs 58.8% YoY
- Best line Data revenue $1.782B, up 18.9%; worst Transaction Processing $2.030B, down 8.1%
- Operating cash flow $2.6B, up $0.9B; free cash flow $2.5B, down $0.3B
- Near-term headwinds: client spending shifts, delayed large deals, IBM Z shortfall, and Software performance below expectations
AI summary of the IBM 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Frank Baker, Siris Capital Group co-founder and managing partner, elected to IBM’s Board effective October 1, 2026
- Appointment adds private-equity and technology investment experience to IBM’s governance
Item 5.03: Amendments to Articles of Incorporation or Bylaws
- Board expanded to 14 directors effective October 1, 2026
- Amendment enables Frank Baker’s election to IBM’s Board
Item 2.02: Results of Operations and Financial Condition
- IBM’s July 22, 2026 release covers results for the quarter ended June 30, 2026
- Consolidated financial statements included in Exhibit 99.1 for detailed GAAP results
Item EX-99.1: Item EX-99.1
- Q2 revenue $17.2B, up 1%; GAAP EPS $2.27, down 2%, with pre-tax margin declining to 14.4% from 15.3%
- Software revenue $7.8B, up 5%, led by Data up 19% and Hybrid Cloud up 11%; Infrastructure fell 7%
Item 2.02: Results of Operations and Financial Condition
- IBM provided expected financial results for quarter ended June 30, 2026
- Investor letter dated July 14, 2026 furnished as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- IBM defines operating earnings as excluding acquisition-related charges, intangible amortization, selected retirement costs, and TCJA-related adjustments
- Non-GAAP exclusions may improve operational comparability but reduce direct comparability with GAAP earnings
AI summaries of IBM 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for IBM
Don't miss the next IBM filing
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- Fund moves. Which tracked funds opened, added or cut IBM, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| VOSER PETER R. | A | Sep 30, 2026 | 455 | $219.93 |
| ZOLLAR ALFRED W | A | Sep 30, 2026 | 415 | $219.93 |
| HOWARD MICHELLE J | A | Sep 30, 2026 | 291 | $219.93 |
| Buberl Thomas | A | Sep 30, 2026 | 444 | $219.93 |
| Gorsky Alex | A | Sep 30, 2026 | 489 | $219.93 |
| LIVERIS ANDREW N | A | Sep 30, 2026 | 444 | $219.93 |
| Miebach Michael | A | Sep 30, 2026 | 415 | $219.93 |
| Brown Marianne Catherine | A | Sep 30, 2026 | 415 | $219.93 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $62.8B | $67.5B |
| Gross Profit | $34.3B | $35.6B | $39.3B |
| Net Income | $7.5B | $6.0B | $10.6B |
| Gross Margin | - | 56.7% | 58.2% |
| Net Margin | - | 9.6% | 15.7% |
| Balance Sheet | |||
| Total Assets | - | $137.2B | $151.9B |
| Equity | - | $27.3B | $32.6B |
| ROE | - | 22.1% | 32.4% |
| Per Share | |||
| EPS | - | $6.43 | $11.17 |
| Cash Flow | |||
| Operating CF | $13.9B | $13.4B | $13.2B |
| CapEx | $1.2B | $1.0B | $1.1B |
Source: XBRL data in IBM (IBM)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate IBM share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 68 | $96.20B |
| Q1 2026 | 67 | $83.37B |
| Q4 2025 | 65 | $104.20B |
| Q3 2025 | 67 | $103.76B |
| Q2 2025 | 66 | $103.78B |
| Q1 2025 | 64 | $65.88B |
| Q4 2024 | 57 | $45.52B |
| Q3 2024 | 50 | $23.99B |
- FMR LLC (Fidelity)+2.19M (+42%)
- BNY Mellon+2.10M (+29%)
- State Street Corp+1.45M (+3%)
- AQR Capital Management+800.6K (+42%)
- Wells Fargo & Co+743.7K (+16%)
- JPMorgan Chase & Co−6.10M (-33%)
- Morgan Stanley−2.17M (-11%)
- Bank of America Corp−1.08M (-7%)
- T. Rowe Price Group−1.04M (-21%)
- BlackRock−802.5K (-1%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 504 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
IBM filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 8-K | Oct 1, 2026 | - | Analysis | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Aug 28, 2026 | - | - | - |
| 4 | Aug 28, 2026 | - | - | - |
| 8-K | Aug 14, 2026 | - | - | - |
| 10-Q | Jul 23, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 22, 2026 | - | Analysis | - |
| 8-K | Jul 14, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
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IBM SEC filings: frequently asked questions
Are IBM insiders buying or selling?
In the last 90 days, IBM (IBM) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $5.8 million by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold IBM stock?
As of June 30, 2026, the largest IBM (IBM) holders among the 13F filers tracked by SignalX were BlackRock ($21.6 billion), Vanguard Capital Management LLC ($17.3 billion), State Street Corp ($15.8 billion), Vanguard Portfolio Management LLC ($8.0 billion), Morgan Stanley ($4.9 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was IBM's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), IBM (IBM) reported revenue of $67.5 billion (up 7.6% from FY2024) and net income of $10.6 billion. Diluted EPS was $11.17. The figures come from the XBRL data in the 10-K.
What are the main risks in IBM's latest 10-K?
In the 10-K filed February 24, 2026, IBM (IBM) flagged: ~60% of revenues from outside US; exposed to tariffs, export controls, trade sanctions, and currency fluctuations across 175+ countries. Single or limited suppliers for server processor semiconductors; supply disruption could halt product delivery. (AI summary of the Risk Factors section.)
What did IBM report in its latest 8-K?
IBM (IBM) filed an 8-K on October 1, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers) and Item 5.03 (Amendments to Articles of Incorporation or Bylaws). Frank Baker, Siris Capital Group co-founder and managing partner, elected to IBM’s Board effective October 1, 2026.
What are the latest IBM SEC filings?
IBM (IBM) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on July 23, 2026, an 8-K current report on October 1, 2026 and a Form 4 insider filing on October 1, 2026.
What is IBM's SEC CIK number?
IBM (IBM)'s SEC Central Index Key (CIK) is 51143. EDGAR lists every IBM filing under that number.
Ask anything about IBM
The research agent reads IBM's filings, financials, insider trades and 13F holders, then answers with sources.