International Business Machines Corp
IBMQ3 2025(IBM Q2 FY2025)Estimated6.5% AI
AI Revenue %
6.5%
AI Fair Value
$10.4B
AI Revenue (Q)
$2.0B
Total Revenue (Q)
$30.2B
Source: SEC EDGAR SEC Filing Filing
View SEC Filing on SEC.govAnalysis
IBM reported Q2 total revenue of $16,977M (strongest quarter in dataset). Software $7,387M (Hybrid Cloud $1,796M, Automation $1,883M, Data $1,499M, TP $2,208M). Consulting $5,314M (Strategy & Technology $2,920M, Intelligent Operations $2,395M). Infrastructure $4,142M, Financing $166M. Automation grew 16.2% YoY ($1,620M to $1,883M) and Data grew 8.8% ($1,378M to $1,499M). Software segment profit margin reached 31.1%. The z17 mainframe launched in June 2025, boosting Infrastructure (Hybrid Infrastructure $2,866M vs $2,360M). No AI-specific revenue is disclosed. The strong growth in Automation and Data likely reflects watsonx adoption. Conservative estimate: AI products represent ~22% of Automation + Data ($3,382M x 22% = $744M), plus ~$250M in AI consulting, ~$110M in AI infrastructure = ~$1,104M. $1,104M / $16,977M = 6.5%.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenue $16,977M; Software $7,387M (Hybrid Cloud $1,796M, Automation $1,883M, Data $1,499M, TP $2,208M), Consulting $5,314M, Infrastructure $4,142M, Financing $166M
Revenue Disaggregation
Automation revenue $1,883M vs prior year $1,620M (16.2% growth); Data revenue $1,499M vs prior year $1,378M (8.8% growth)
Revenue Disaggregation
Software segment profit $2,296M, 31.1% margin (vs 31.3% prior year)
Segment Information
AI Products Identified (Ring 1)
watsonx.aiwatsonx.datawatsonx.governancewatsonx Code Assistantwatsonx Assistantwatsonx Orchestrate
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 OpenShift AIIBM Consulting AI practiceAutomation sub-segmentData sub-segmentz17 AI capabilities
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix