AI English summary of an SEC filing — figures as filed

The company said revenue for Q2 2025 rose to $17.0 billion, up 8% year over year (5% at constant currency). By segment, Software rose 10%, Consulting rose 3%, and Infrastructure rose 14%.

8-KResults of Operations and Financial ConditionFiled Jul 23, 2025Period of report Jul 23, 2025Summary published (UTC) Oct 8, 2026

Key points

AI summary

The company said revenue for Q2 2025 rose to $17.0 billion, up 8% year over year (5% at constant currency). By segment, Software rose 10%, Consulting rose 3%, and Infrastructure rose 14%.
The company said its GAAP gross profit margin for Q2 was 58.8%, up 200 basis points, and its GAAP pre-tax income margin was 15.3%, up 120 basis points. GAAP diluted earnings per share from continuing operations were $2.31, and operating (non-GAAP) diluted earnings per share were $2.80.
IBM said net cash from operating activities for the first six months of 2025 was $6.1 billion, and free cash flow was $4.8 billion. It paid $1.6 billion in dividends to shareholders in Q2.
IBM said it expects free cash flow for the full year 2025 to exceed $13.5 billion. It also said it continues to expect constant currency revenue growth of at least 5% for the year.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

IBM Q2 revenue of $17.0 billion, segment changes

The company said revenue for Q2 2025 rose to $17.0 billion, up 8% year over year (5% at constant currency). By segment, Software rose 10%, Consulting rose 3%, and Infrastructure rose 14%.

Source · Based on the filing body and exhibits

IBM Q2 GAAP margins and earnings per share

The company said its GAAP gross profit margin for Q2 was 58.8%, up 200 basis points, and its GAAP pre-tax income margin was 15.3%, up 120 basis points. GAAP diluted earnings per share from continuing operations were $2.31, and operating (non-GAAP) diluted earnings per share were $2.80.

Source · Based on the filing body and exhibits

First-half cash flow and Q2 dividend payment

IBM said net cash from operating activities for the first six months of 2025 was $6.1 billion, and free cash flow was $4.8 billion. It paid $1.6 billion in dividends to shareholders in Q2.

Source · Based on the filing body and exhibits

Full-year free cash flow outlook raised

IBM said it expects free cash flow for the full year 2025 to exceed $13.5 billion. It also said it continues to expect constant currency revenue growth of at least 5% for the year.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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