The company said it reported revenue of $14.5 billion for Q1 2024, adjusted EBITDA of $3.0 billion, and operating earnings per share of $1.68. Revenue rose 3% at constant currency.

8-KRegulation FD DisclosureFiled Apr 25, 2024Period of report Apr 24, 2024Summary published (UTC) Oct 27, 2026

Key points

AI summary

The company said it reported revenue of $14.5 billion for Q1 2024, adjusted EBITDA of $3.0 billion, and operating earnings per share of $1.68. Revenue rose 3% at constant currency.
IBM said it agreed to acquire HashiCorp for an enterprise value of $6.4 billion, funded with cash on hand. It said closing is expected by the end of 2024, subject to HashiCorp shareholder approval, regulatory approvals and other conditions.
The company said free cash flow for Q1 was $1.9 billion, up $600 million from a year earlier, and free cash flow for the last 12 months was $11.8 billion. It reported cash of $19.3 billion and total debt of $59.5 billion.
The company said it closed the divestiture of The Weather Company at the end of January, recognizing a pre-tax gain of $241 million in Q1. It said the gain was partly offset by workforce rebalancing charges of $374 million.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q1 Revenue, Adjusted EBITDA and Operating EPS

The company said it reported revenue of $14.5 billion for Q1 2024, adjusted EBITDA of $3.0 billion, and operating earnings per share of $1.68. Revenue rose 3% at constant currency.

Source · Based on the filing body and exhibits

HashiCorp Acquisition Agreement

IBM said it agreed to acquire HashiCorp for an enterprise value of $6.4 billion, funded with cash on hand. It said closing is expected by the end of 2024, subject to HashiCorp shareholder approval, regulatory approvals and other conditions.

Source · Based on the filing body and exhibits

Free Cash Flow and Liquidity

The company said free cash flow for Q1 was $1.9 billion, up $600 million from a year earlier, and free cash flow for the last 12 months was $11.8 billion. It reported cash of $19.3 billion and total debt of $59.5 billion.

Source · Based on the filing body and exhibits

Weather Company Divestiture and Workforce Rebalancing Charges

The company said it closed the divestiture of The Weather Company at the end of January, recognizing a pre-tax gain of $241 million in Q1. It said the gain was partly offset by workforce rebalancing charges of $374 million.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.