00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Arm reported first quarter results that topped Wall Street expectations on earnings and revenue,
00:07driven by continued growth in royalty and licensing revenue, according to Benzinga.
00:12Adjusted earnings came in at $0.45 per share, above the $0.40 analyst estimate,
00:17while revenue reached $1.29 billion, topping expectations of $1.26 billion.
00:23Royalty revenue increased 22% to $715 million,
00:26as data center royalties more than doubled from a year ago,
00:30while licensing revenue rose 23% to $574 million.
00:36CEO René Haas said the company delivered a record first quarter
00:40as demand grew for its computing platform across AI infrastructure,
00:45edge devices, and physical applications.
00:47For the second quarter, Arm forecast adjusted earnings of $0.43 to $0.51 per share,
00:53and revenue of $1.33 billion to $1.48 billion.
00:58For all things money, visit Benzinga.com.
Comments