Editor’s Note: This article has been updated to correct Arm’s second-quarter revenue guidance.
Arm Holdings Plc. (NASDAQ:ARM) posted better-than-expected first-quarter results after Wednesday’s closing bell. Here’s a look at the key figures from the quarter.
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Arm Q1 Details
Arm reported quarterly earnings of 45 cents per share, which beat the consensus estimate of 40 cents by 12.5%, according to Benzinga Pro data.
Quarterly revenue of $1.29 billion beat the analyst estimate of $1.26 billion. Royalty revenue grew 22% to $715 million, with data center royalties more than doubling year over year. Licensing revenue reached $574 million, up 23% year over year.
“Arm delivered a record first quarter, reflecting strong execution across our business and growing demand for the Arm compute platform as AI expands across cloud infrastructure, edge devices and the physical world,” said CEO Rene Haas in a letter to shareholders.
Looking Ahead
Arm expects second quarter adjusted EPS of 43 cents to 51 cents, versus the 43 cent analyst estimate, and revenue in a range of $1.33 billion to $1.48 billion, versus the $1.34 billion estimate.
ARM Stock Price Activity: According to data from Benzinga Pro, Arm stock was down 0.52% to $223.23 in Wednesday’s extended trading.
Photo: Shutterstock
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