International Business Machines Corp
IBMQ3 2022(IBM Q2 FY2022)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$2.2B
AI Revenue (Q)
$310.7M
Total Revenue (Q)
$15.5B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
IBM reported Q2 total revenue of $15,535M. Segments: Software $6,166M, Consulting $4,809M, Infrastructure $4,235M, Financing $146M. No AI-specific revenue disclosed. IBM continues to reference 'hybrid cloud and AI strategy' but does not quantify AI revenue in the filing. Watson AI products remain within Software segment. Acquisitions in this period (Envizi, Sentaca, Neudesic, Randori, Databand.ai) were focused on cloud, security, and data observability -- adjacent to but not core AI revenue. Conservative estimate: ~$311M AI revenue from Watson products and AI-related consulting. $311M / $15,535M = 2.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenue $15,535M; Software $6,166M, Consulting $4,809M, Infrastructure $4,235M, Financing $146M
Segment Information
Each acquisition is expected to enhance the company s portfolio of products and services capabilities and further advance IBM s hybrid cloud and AI strategy.
Acquisitions & Divestitures
AI Products Identified (Ring 1)
Watson AssistantWatson DiscoveryWatson StudioWatson Machine Learning
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Red Hat OpenShiftCloud Pak for DataIBM Consulting
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix