Arm reports Q3 revenue up 14% YoY to $824M, vs. $761.6M est., and forecasts Q4 sales and adjusted profit above expectations; ARM jumps 21%+
Reuters
Related Coverage
- FYE24-Q3 Shareholder Letter Arm
- SoftBank's Son Is Poised for Best Quarter in Years as Arm Jumps Bloomberg
- The UK-based chip designer has long dominated the smartphone market, but its designs are increasingly found in other sectors. Light Reading
- Arm stock surges 30% as AI chip demand ignites Cointelegraph
- Arm shares soar as AI demand boosts growth prospects Financial Times
- Arm share price bulges after AI pumped revenue to a new record The Register
- Arm hits record quarterly revenues, but sky-high expenses weigh heavy Proactive
- Arm posted strong results and guidance, indicating recovery in chip demand DigiTimes
- AI chip demand drives up Arm shares The Times
- SoftBank shares jump after Arm's bullish forecast surprises Moneycontrol
- Arm's Stock Soars After Chip Designer's Sales Jump Wall Street Journal
- Arm's stock gains more than 25% on strong earnings beat and bullish guidance SiliconANGLE
- SoftBank nets $16 billion on Arm earnings pop, exceeding its total losses in WeWork CNBC
- Arm Stock Rockets After Chip Designer Beats Estimates, Guides Higher Investor's Business Daily
Discussion
-
@trace_cohen
Trace Cohen
on x
Masa / SoftBank just made back their entire WeWork loss in one day $ARM [image]
-
@firstadopter
Tae Kim
on x
Arm crushing it in the AI cloud server space 👀 The company specifically cites Nvidia GH200 Superchip systems are ramping, which incorporate Arm technology. Stock up 38%.
-
@patrickmoorhead
Patrick Moorhead
on x
$ARM ran the table this quarter, next quarter and year. BEAT-BEAT-RAISE-RAISE. 🤯 It all makes sense to me: -overall market growth via AI -segment share gains in infrastructure and auto -content gains in smartphone -adding turnkey service with CSS driving even more revenue and... …
-
@munster_gene
Gene Munster
on x
$ARM up 23% in the after-hours. Six months ago there was talk we were at the peak of an AI bubble. Since then: $MSFT up 27% $META up 50% $AMD up 55% $NVDA up 56% And now $ARM up 48% (after-hours) I still believe we're at the start of 3-5 year tech run that will end with an AI b…
-
@drkingsbruh
@drkingsbruh
on x
ARM just exploded off their earnings. TSMC and ASML said they had record orders coming. AI aligned stocks like META and Palantir reporting AI growth. SMCI record quarter with record growth to come. Honestly the stage is set for NVIDIA to have an all time day for their earnings
-
@ryanshrout
Ryan Shrout
on x
The gang @Arm is just hitting it out of the park, and the aftermarket gains are at 20%+ already after today's earnings. Props to @renehaas237 @drewhenry and the whole leadership team there. Beating estimated earnings and producing $824M in revenue in Q3 (FYE) with a new target...…
-
@benbajarin
Ben Bajarin
on x
Investors are starting to understand the underlying IP/innovation story, and the AI story here is still underappreciated. Now that people are starting to understand how @Arm's business model changed and the upside there, the financial models are making sense.
-
@firstadopter
Tae Kim
on x
Jensen saw the future with Arm - AI server CPUs.