secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0000051143-25-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000005114325000048/0000051143-25-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000005114325000048/ibm-20250723.htm
  HTML page:      https://secwatch.observer/filing/0000051143-25-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer