Arm正不断增加支出以更好地把握人工智能热潮机遇。公司首席执行官勒内.哈斯(Rene Haas)在采访中 表示，Arm致力于研发能巩固自身在AI领域地位的技术。他指出，短期来看，支出激增会影响利润，但 长期将推动公司更强劲地增长。"我们做出了加大投资的明确决定，正在加速研发投入。" 周四，Arm Holdings(ARM.US)跌超11%，报144.55美元。消息面上，该公司因加大新产品研发投入，发 布了低于预期的第二财季利润指引。第一财季业绩报告显示，截至6月的第一季度，Arm营收增长12% 至10.5亿美元，每股收益为35美分，均符合分析师预期。展望未来，Q2营收预计为10.1亿至11.1亿美 元，分析师预期为10.6亿美元;剔除部分项目后每股收益预计为29至37美分，而分析师平均预期为35美 分。 ...

Arm正不断增加支出以更好地把握人工智能热潮机遇。公司首席执行官勒内·哈斯(Rene Haas)在采访中 表示，Arm致力于研发能巩固自身在AI领域地位的技术。他指出，短期来看，支出激增会影响利润，但 长期将推动公司更强劲地增长。"我们做出了加大投资的明确决定，正在加速研发投入。" 智通财经APP获悉，周四，Arm Holdings(ARM.US)跌超11%，报144.55美元。消息面上，该公司因加大 新产品研发投入，发布了低于预期的第二财季利润指引。第一财季业绩报告显示，截至6月的第一季 度，Arm营收增长12%至10.5亿美元，每股收益为35美分，均符合分析师预期。展望未来，Q2营收预计 为10.1亿至11.1亿美元，分析师预期为10.6亿美元;剔除部分项目后每股收益预计为29至37美分，而分析 师平均预期为35美分。 ...

Core Insights - ARM Holdings has seen a stock increase of approximately 28% since January 2025, driven by its competitive chipset designs against AMD and Intel [2] - The company reported Q4 FY'25 revenue of $1.24 billion, marking a 34% year-over-year increase, and is positioning itself as a key player in the AI and data center CPU markets [2][3] Financial Performance - ARM's revenue has grown significantly, with a 41.2% average growth rate over the last three years, compared to 5.3% for the S&P 500 [7] - In the past 12 months, ARM's revenues increased by 23.9%, from $3.2 billion to $4.0 billion, while the S&P 500 saw a growth of 4.4% [7] - The latest quarterly revenue reached $1.2 billion, a 33.7% increase from $928 million a year prior, compared to a 4.5% improvement for the S&P 500 [7] Profitability Metrics - ARM's operating income over the last four quarters totaled $831 million, resulting in an operating margin of 20.7%, which is higher than the S&P 500's 18.3% [8] - The net income for ARM during the same period was $792 million, yielding a net income margin of 19.8%, compared to 11.9% for the S&P 500 [8] Financial Stability - ARM's debt stood at $356 million with a market capitalization of $173 billion, leading to a low debt-to-equity ratio of 0.2%, significantly lower than the S&P 500's 22.8% [9] - The company holds $2.8 billion in cash, which is 31.6% of its total assets of $8.9 billion, compared to the S&P 500's cash-to-assets ratio of 6.7% [9] Market Position and Strategy - Major hyperscalers like Amazon, Microsoft, and Google are increasingly adopting ARM's designs, particularly the Armv9 architecture, for their AI infrastructures due to its energy efficiency [3] - ARM aims to capture 50% of the data center CPU market by the end of 2025, up from 15% in 2024, reflecting its current momentum [3]

Arm(ARM.US)跌超13.6%，报141.07美元。消息面上，Arm公布，首财季营收增长12%至10.5亿美元， 略低于分析师预期的10.6亿美元；净利润同比下降41.7%至1.3亿美元，每股盈利35美仙，符合预期。 Arm预期，第二财季营收将介乎10.1亿至11.1亿美元，市场预期为10.6亿美元；每股盈利介乎29至37美 仙，市场预期为35美仙。公司指，正在增加支出，以更好发展人工智能，支出激增短期内会影响利润， 但长期来看将有助于公司实现更强劲的增长。(格隆汇) ...

1.7月31日(周四)美股盘前，美股三大股指期货齐涨。截至发稿，道指期货涨0.27%，标普500指数期货涨0.94%，纳指期货涨1.33%。 | ■ US 30 | 44,580.80 | 44,694.30 | 44,488.30 | +119.50 | +0.27% | | --- | --- | --- | --- | --- | --- | | ■ US 500 | 6,422.70 | 6,436.70 | 6,399.70 | +59.80 | +0.94% | | ■ US Tech 100 | 23,656.80 | 23,710.30 | 23,553.80 | +311.40 | +1.33% | 2.截至发稿，德国DAX指数跌0.17%，英国富时100指数涨0.39%，法国CAC40指数跌0.32%，欧洲斯托克50指数跌0.51%。 | 德國DAX30 | 24,231.41 | 24,433.66 | 24,199.45 | -41.24 | -0.17% | | --- | --- | --- | --- | --- | --- | | 英國富時100 | 9,172.70 | 9, ...

不仅是公司季度预测令市场有些失望，该公司还计划将部分利润投资于制造自己的芯片和其他组件，受 该消息影响，Arm的股价在周三盘后交易中一度大幅下跌逾8%。 Arm首席执行官Rene Haas在接受媒体采访时表示，这些自研的成品芯片将是公司现有计算子系统 （CSS）产品的"物理体现"。他强调，公司正有意识地加大投入，目标已超越单纯的设计范畴，将直接 构建包括芯片乃至可能的解决方案在内的产品。 据悉，为支撑这一战略转型所需的人才储备，Arm目前正积极开展员工招募工作，其中包括吸纳来自其 客户的专业人才。这一举措也意味着，Arm将在芯片订单领域与部分现有客户形成竞争关系。 7月31日，全球芯片架构巨头Arm发布的第一财季财报显示，当期营收10.5亿美元，略低于市场预期的 10.6亿美元；净利润1.3亿美元，低于去年同期的2.23亿美元；调整后每股收益35美分，与预期持平。 同时，公司给出业绩指引。对于第二财季，Arm预计第二财季营收将在10.1亿美元至11.1亿美元之间， 符合市场预期的10.6亿美元。公司同时预测调整后每股收益在29美分至37美分之间，中值低于市场平均 预期的36美分。 半导体业内人士认为，Arm计 ...

Core Viewpoint - Arm Holdings reported a revenue of $1.053 billion for Q1 FY2026, marking a 12.1% year-over-year increase, but net profit declined to $130 million from $223 million in the same period last year [1][3]. Financial Performance - Q1 FY2026 revenue: $1.053 billion, up 12.1% year-over-year [1] - Q1 FY2026 net profit: $130 million, down from $223 million year-over-year [1] Future Guidance - For Q2 FY2026, Arm expects revenue to be between $1.01 billion and $1.11 billion, aligning with analyst expectations of $1.06 billion [3]. Strategic Shift - Arm is investing in developing its own chips, which could significantly alter its business model and lead to direct competition with its clients [3][4]. - The company is exploring new possibilities, including Compute Subsystems and Chiplets, while not disclosing specific product details or investment return timelines [3][4]. Industry Position - Arm has historically served as a unique player in the semiconductor industry, licensing chip designs to major manufacturers like Nvidia, Apple, Qualcomm, and Amazon [3][4]. - The potential shift to chip manufacturing raises concerns about conflicts of interest with existing clients, as evidenced by a previous lawsuit with Qualcomm regarding competitive practices [4]. Challenges Ahead - The transition to self-developed chips requires substantial investment, advanced technology, and skilled talent, indicating a long road ahead from design to actual chip production [5].

智通财经7月31日电，投行Evercore ISI将ARM目标价从156美元上调至173美元。 ...

智通财经7月31日电，ARM召开了2026财年第一季度的财报电话会。公司提到，去年Arm在超大规模数 据中心的市场份额约18%，今年预计接近 50%。 ARM：预计今年ARM芯片在超大规模数据中心市场份额接近50% ...

Core Viewpoint - ARM's Q1 FY2026 earnings call highlighted significant growth in cloud computing, with over 70,000 enterprises running AI workloads on Arm Neoverse data center chips, a 40% year-over-year increase, and a 14-fold increase since 2021. The company's market share in large-scale data centers is expected to approach 50% this year, up from approximately 18% last year [1][4]. Cloud Computing - ARM is developing many small chips (chiplets) based on its intellectual property (IP) and is evaluating the feasibility of expanding beyond existing platforms into more subsystems and complete solutions [1][2]. - The growth in ARM's market share in large-scale data centers is driven by its ability to capture general workloads from x86 and dominate AI workloads with integrated Arm designs [4][6]. Financial Performance - The company's royalty revenue grew by 25%, slightly below the previous quarter's expectations of 25%-30%, primarily due to slower-than-expected growth in the smartphone segment [3][11]. - ARM's Q1 revenue from China accounted for 21%, an increase from 15% in the previous quarter and 14% year-over-year, aligning with global growth trends [1][13]. Strategic Developments - ARM is positioned uniquely to provide solutions across a wide range of devices, from small devices to large data centers, and is exploring further integration in its ASIC and complete terminal solutions strategy [2][10]. - The second generation of CSS (Compute Subsystem) transactions is expected to have royalty rates exceeding 10%, indicating potential for further revenue growth [8][11]. Market Dynamics - The increase in capital expenditures by large enterprises is expected to positively impact ARM's royalty revenue from existing ASIC designs and long-term CSS licensing opportunities [11]. - ARM's Chinese market is developing in sync with global trends, with no significant impact from recent GPU export controls [12][13]. Future Outlook - ARM's confidence in its market share growth beyond 50% is supported by its customizable architecture and the increasing adoption of AI in data centers [6][11]. - The company is actively pursuing opportunities in the automotive sector, particularly in ADAS applications, which are expected to drive future growth [16].