---
schema_version: "secwatch.filing_event.v1"
accession: "0000051143-23-000015"
form_type: "8-K"
ticker: "IBM"
cik: "0000051143"
company_name: "INTERNATIONAL BUSINESS MACHINES CORP"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:54:57.142185+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# IBM Q2 revenue $15.5B, op. EPS $2.18; software up 8%, consulting up 6%

## Summary
- Revenue of $15.5B; operating pre-tax income $2.4B; free cash flow $2.1B in Q2, $3.5B first half.
- Software revenue +8% (cc) led by Red Hat (+11%) and Data & AI (+11%); Consulting +6% with broad-based growth.
- Infrastructure -14% reflecting z16 cycle wrap; full-year Infrastructure revenue expected to decline, impacting IBM overall by >1 point.
- Full-year 2023 outlook reaffirmed: 3-5% revenue growth (cc), ~$10.5B free cash flow, operating pre-tax margin +0.5pt YoY.
- Announced planned acquisition of Apptio to boost IT automation; watsonx AI platform launched in early July.

## SEC filing metadata
- accession: 0000051143-23-000015
- form_type: 8-K
- ticker: IBM
- cik: 0000051143
- company_name: INTERNATIONAL BUSINESS MACHINES CORP
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51143/000005114323000015/0000051143-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51143/000005114323000015/ibm-20230719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051143-23-000015
- JSON: https://secwatch.observer/filing/0000051143-23-000015.json
- Plain text: https://secwatch.observer/filing/0000051143-23-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.