---
schema_version: "secwatch.filing_event.v1"
accession: "0000051143-24-000033"
form_type: "8-K"
ticker: "IBM"
cik: "0000051143"
company_name: "INTERNATIONAL BUSINESS MACHINES CORP"
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:36:52.136110+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# IBM Q2 rev $15.8B (+2%, +4% cc), GAAP EPS $1.96, raises FCF view to >$12B

## Summary
- Revenue $15.8B (+2%, +4% cc); GAAP EPS $1.96 (+14%), operating EPS $2.43 (+11%).
- Software revenue $6.7B (+7%, +8% cc) led by Red Hat +7% and Automation +15%; consulting -1%, infra +1%.
- Gross margin expanded: GAAP 56.8% (+180bps), operating 57.8% (+190bps); pre-tax margin up 110/220bps.
- Raised full-year free cash flow expectation to >$12B; YTD FCF $4.5B (+$1.1B YoY).
- Generative AI book of business since watsonx launch now >$2B; CEO cites strong client demand.

## SEC filing metadata
- accession: 0000051143-24-000033
- form_type: 8-K
- ticker: IBM
- cik: 0000051143
- company_name: INTERNATIONAL BUSINESS MACHINES CORP
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51143/000005114324000033/0000051143-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51143/000005114324000033/ibm-20240724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051143-24-000033
- JSON: https://secwatch.observer/filing/0000051143-24-000033.json
- Plain text: https://secwatch.observer/filing/0000051143-24-000033.txt

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