---
schema_version: "secwatch.filing_event.v1"
accession: "0000051143-25-000048"
form_type: "8-K"
ticker: "IBM"
cik: "0000051143"
company_name: "INTERNATIONAL BUSINESS MACHINES CORP"
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:48:42.019606+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IBM Q2 revenue $17.0B (+8% YoY); raises FY free cash flow outlook to >$13.5B

## Summary
- GAAP diluted EPS $2.31, operating EPS $2.80; pre-tax margin 15.3% GAAP, 18.8% operating.
- Software revenue $7.4B (+10% YoY); Red Hat up 16%; Consulting $5.3B (+3%); Infrastructure $4.1B (+14%).
- Year-to-date free cash flow $4.8B; Q2 FCF $2.8B (+$0.2B YoY).
- Generative AI book of business exceeds $7.5B; expects FY constant-currency revenue growth at least 5%.
- Quarterly dividend $1.68/share, payable Sept. 10 to holders of record Aug. 8.

## SEC filing metadata
- accession: 0000051143-25-000048
- form_type: 8-K
- ticker: IBM
- cik: 0000051143
- company_name: INTERNATIONAL BUSINESS MACHINES CORP
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51143/000005114325000048/0000051143-25-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51143/000005114325000048/ibm-20250723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051143-25-000048
- JSON: https://secwatch.observer/filing/0000051143-25-000048.json
- Plain text: https://secwatch.observer/filing/0000051143-25-000048.txt

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