International Business Machines Corp
IBMQ3 2023(IBM Q2 FY2023)Estimated2.5% AI
AI Revenue %
2.5%
AI Fair Value
$3.0B
AI Revenue (Q)
$386.9M
Total Revenue (Q)
$15.5B
Source: SEC EDGAR SEC Filing Filing
View SEC Filing on SEC.govAnalysis
IBM reported Q2 total revenue of $15,475M. Segments: Software $6,608M, Consulting $5,013M, Infrastructure $3,618M, Financing $185M. No AI-specific revenue disclosed in the filing. watsonx was announced in May 2023 and began general availability during this period, but as a newly launched product, recognized revenue would be minimal in its first quarter. Acquisitions included Ahana (data analytics), Polar Security, and Agyla (cloud engineering) -- data-adjacent but not pure AI. IBM's AI revenue remains primarily legacy Watson products plus early watsonx adoption. Conservative estimate: ~$387M AI revenue. $387M / $15,475M = 2.5%.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenue $15,475M; Software $6,608M, Consulting $5,013M, Infrastructure $3,618M, Financing $185M
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 Discoverywatsonx.ai (early)Watson 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