“and are raising our expectations for free cash flow to above $13.5 billion for the year.”

In context

“ds across hybrid environments. And we have announced RISE with SAP on Power11. In Quantum, we achieved a major milestone with the deployment of IBM Quantum System Two in Japan in partnership with RIKEN. This marks the first installation outside the United States and underscores our commitment to global leadership in quantum computing. To complement our organic innovation, M&A remains important. We closed the acquisition of DataStax this quarter, adding real-time scalable data capabilities to support AI-driven applications. In closing, we remain focused on consistent execution and long-term growth. While the environment remains dynamic, we have a disciplined strategy and a durable business model. Given our first half performance, we continue to expect accelerating revenue growth to 5%-plus and are raising our expectations for free cash flow to above $13.5 billion for the year. We are confident in our ability to deliver sustainable, profitable growth. Jim, over to you. James Kavanaugh: CFO and Senior VP of Finance & Operations Thanks, Arvind. In the second quarter, we delivered $17 billion in revenue, $4.7 billion of adjusted EBITDA, $3.2 billion of operating pretax income and operating earnings per share of $2.80. And through the first half, we generated $4.8 billion of free cash flow, our highest first half free cash flow margin in many years. Our revenue growth, mix and productivity drove 200 basis points of adjusted EBITDA margin expansion, 16% adjusted EBITDA growth and 15% operating earnings per share growth. We exceeded our expectations on revenue, profitability, adjusted EBITDA and earnings per share, highlighting the strength of our portfolio and resili”