Arm Holdings PLC (NASDAQ:ARM) beat first-quarter revenue and profit estimates and issued upbeat second-quarter guidance, sending its shares up 6.1% in early Thursday trading.
The chip design company reported revenue of $1.29 billion for the quarter, ahead of ******* yst estimates of $1.26 billion. Adjusted earnings per share came in at $0.45, topping the $0.40 estimate.
License and other revenue reached $574 million, compared with estimates of $562.5 million, while royalty revenue totaled $715 million against expectations of $700.2 million.
Adjusted gross margin held at 98.1%, in line with estimates, and adjusted operating margin came in at 41.2%.
For the second quarter, Arm guided revenue of $1.33 billion to $1.43 billion, above the $1.35 billion ******* yst estimate. The company forecast adjusted earnings per share of $0.43 to $0.51, compared with estimates of $0.45.
#revenue #quarter #analyst
The chip design company reported revenue of $1.29 billion for the quarter, ahead of ******* yst estimates of $1.26 billion. Adjusted earnings per share came in at $0.45, topping the $0.40 estimate.
License and other revenue reached $574 million, compared with estimates of $562.5 million, while royalty revenue totaled $715 million against expectations of $700.2 million.
Adjusted gross margin held at 98.1%, in line with estimates, and adjusted operating margin came in at 41.2%.
For the second quarter, Arm guided revenue of $1.33 billion to $1.43 billion, above the $1.35 billion ******* yst estimate. The company forecast adjusted earnings per share of $0.43 to $0.51, compared with estimates of $0.45.
#revenue #quarter #analyst
3 months ago
