# International Business Machines Corporation: 10-K Risk Factor Changes 2026 vs 2025

> Source: U.S. Securities and Exchange Commission (EDGAR)  
> Generated: 2026-05-05  
> All data extracted directly from official filings. No hallucinated content.

> **[AI-Generated Summary]** The paragraph below was produced by a language
> model and may contain errors. All other content on this page is deterministically
> extracted from the original SEC filing.

> IBM's risk factor disclosures in the 2026 10-K filing remain structurally consistent with 2025, with all risk factor sections in both years having close textual matches. The 5 matched sections between the two filings are substantially similar, and no matched sections show meaningful text differences.

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## Summary

| Status | Count |
|--------|-------|
| New risks added | 0 |
| Risks removed | 0 |
| Risks modified | 0 |
| Unchanged | 5 |

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*Data sourced from SEC EDGAR. Last updated 2026-05-05.*