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Is Arm Holdings Stock Going to $145? 1 Wall Street Firm Thinks So.
The Motley Fool· 2024-05-09 23:47
The company's outlook points to growing demand for its chip technology, but will it be enough to send the stock higher?Heading into the company's recent earnings report, Arm Holdings (ARM -2.34%) stock had risen sharply, as investors anticipated strong increases in revenue. Arm delivered on those expectations by reporting record revenues in the March-ending fiscal fourth quarter.However, the stock still fell after the earnings release, as the results weren't quite good enough to justify the company's expens ...
A.I. Stocks Hitting Turbulence?
Forbes· 2024-05-09 14:39
Output of an Artificial Intelligence system from Google Vision, performing Facial Recognition on a ... [+] photograph of a man, with facial features identified and facial bounding boxes present, San Ramon, California, November 22, 2019. (Photo by Smith Collection/Gado/Getty Images)Getty ImagesIt appears, A.I. stocks are hitting a little turbulence during earnings season. I don’t mean the earnings are bad. I’m focused on how A.I. stocks react to the earnings. Let’s take a closer look.Forward-Looking Mechanis ...
Arm's Earnings Stumble Could Create A Golden Entry Point
MarketBeat· 2024-05-09 13:11
Key PointsShares of Arm fell in Wednesday's after-hours session as the company's earnings report disappointed. They managed to beat expectations for the headline numbers but fell short regarding guidance.This could be creating a golden entry opportunity for those of us who are still bullish on the long term potential. 5 stocks we like better than ARMAfter popping more than 100% after their last earnings report in February, expectations would have been high for shares of Arm Holdings plc NASDAQ: ARM to conti ...
Chip designer Arm's shares plunge 8% after disappointing revenue guidance
CNBC· 2024-05-09 09:00
The logo of semiconductor design firm Arm on a chip.Shares of British chip designer Arm fell 8.22% in premarket trading on Thursday, as disappointing revenue guidance clouded a positive sales quarter driven by demand for artificial intelligence applications.Arm reported fourth-quarter revenue of $928 million Wednesday, marking a 47% year-over-year rise.Performance was driven by Arm's licensing business, which grew 60% to $414 million in the quarter. The firm cited "multiple high-value license agreements bei ...
Arm plc(ARM) - 2024 Q4 - Earnings Call Transcript
2024-05-08 23:45
ARM Holdings Plc (NASDAQ:ARM) Q4 2024 Earnings Call Transcript May 8, 2024 5:00 PM ET Company Participants Ian Thornton - VP, IR Rene Haas - CEO Jason Child - CFO Conference Call Participants Ross Seymore - Deutsche Bank Vivek Arya - Bank of America Securities Matt Ramsay - TD Cowen Mehdi Hosseini - Susquehanna International Group Charles Shi - Needham & Company Toshiya Hari - Goldman Sachs Ananda Baruah - Loop Capital Gary Mobley - Wells Fargo Lee Simpson - Morgan Stanley Timm Schulze-Melander - Redburn At ...
Arm plc(ARM) - 2024 Q4 - Earnings Call Presentation
2024-05-08 23:02
Arm Holdings plc Q4 FYE24 Results Presentation Ian Thornton, Head of Investor Relations investor.relations@arm.com https://investors.arm.com ...
Arm Stock Plunges Despite Revenue, Earnings Beat as Guidance Misses Expectations
Investopedia· 2024-05-08 21:55
Q4 FY 2024Analyst Estimates for Q4 FY 2024Q4 FY 2023Revenue$928 million$880.90 million$633 millionDiluted Earnings Per Share21 cents14 cents0 centsNet Income$224 million$140.6 million$3 million The company indicated record-high royalty revenue drove its revenue beat, accounting for $514 million of total revenue. Arm highlighted that "chips based on Armv9 technology now contribute around 20% of royalty revenue, up from around 15% last quarter." "From cloud to edge, all AI software models, from GPT to Llama, ...
Will Top-Line Improvement Aid Arm Holdings' (ARM) Q1 Earnings?
Zacks Investment Research· 2024-05-07 19:21
Arm Holdings plc (ARM) is scheduled to report its fourth-quarter fiscal 2024 results on May 8, after the bell.The Zacks Consensus Estimate for revenues in the to-be-reported quarter is currently pegged at $885 million, suggesting sequential growth of 7.4%. We expect continued strong Royalty and License revenues to have driven the top-line strength in the quarter.ARM has been witnessing strong Royalty revenues due to the resurgence of the smartphone market and increased market share outside mobile, a trend t ...
Should You Buy ARM Holdings (ARM) Ahead of Earnings?
Zacks Investment Research· 2024-05-07 13:35
Investors are always looking for stocks that are poised to beat at earnings season and Arm Holdings plc (ARM) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because ARM Holdings is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ...
Should You Buy Arm Holdings (ARM) Ahead of Q4 Earnings?
Zacks Investment Research· 2024-05-06 17:21
Arm Holdings plc (ARM) will report its fourth-quarter fiscal 2024 results on May 8, after the bell.Strong Growth Across Businesses Expected in Q4ARM shares have gained 48% year to date. The company’s continued robust performance across businesses and encouraging guidance have boosted investors’ confidence in the stock.We expect continued top-line strength in the to-be-reported quarter, driven by both Royalty and License revenues. The Zacks Consensus Estimate for revenues is currently pegged at $885 million, ...