Electronics Weekly
Licensing revenue was down 15% at $339 million and royalty revenue was up 23% at $514 million.
The company is expecting revenues for the year of $3.8 billion to $4.1 billion.
For the current quarter it expects revenue of $920 million to $970 million.
The forecast initially sent shares down 6% as analysts now associate Arm with the AI boom and are looking for stronger signals that it will continue.
Arm shares on close of trading on November 6th $144.68
Arm results announcement after close on November 6th
Arm shares on close of trading on November 7th $150.65
Electronics Weekly headline “Arm forecast sends shares down”
Arm started its results webcast at 2pm on Nov 6 when the shares were at 144 the shares were 145 at 3:30 and at 6pm they were 137.