International Business Machines (IBM -7.62%) reported 2Q 2025 earnings on July 23, 2025, delivering $17 billion in revenue and$4.8 billion in first-half free cash flow, driven by standout software and infrastructure gains. The company raised its full-year free cash flow outlook to above $13.5 billion and affirmed revenue growth guidance above 5%, supported by double-digit Red Hat growth, robust automation, and surging AI-related bookings. Key insights below highlight IBM's accelerating software momentum, t ...