An enviable part of Arm Holdings PLC’s business model shone in the latest quarter, and analysts are feeling increasingly upbeat about the company’s future — so much so that the stock was shooting some 50% higher in Thursday morning action.“The royalty revenue line is the focus of investors — for good reason,” Guggenheim analyst John DiFucci wrote in a note to clients late Wednesday. The business, which “is the primary driver of profit,” grew revenue 11% in the latest quarter to $470 million, beating expecta ...

Wall Street newcomer Arm Holdings PLC (NASDAQ:ARM) is trading at record highs today following its fiscal-third quarter earnings report. Up 38.8% to trade at $106.87  -- earlier rising as high as $107.58 -- the chipmaker beat expectations with adjusted earnings of 29 cents per share on revenue of $824 million, and forecasted better-than-expected earnings and revenue guidance for the fourth quarter.Unsurprisingly, options traders are targeting the stock at a much faster-than-usual clip. Already today, 92,000 ...

Cambridge, England-based fabless chipmaker Arm Holdings PLC (NASDAQ:ARM) continued raging higher on the Nasdaq exchange on Thursday, with nearly 40% added to its share in the opening few hours. Arm’s market valuation now stands at more than $105 billion, having added a walloping $27 billion today alone. Year to date, the stock is up over 50% and has about doubled since IPOing in the US last September. The astronomical rally follows yesterday’s second-quarter results, when Arm posted record quarterly revenue ...

Arm CEO Rene Haas and executives cheer as Softbank's Arm, a chip design firm, holds an initial public offering at the Nasdaq MarketSite in New York, Sept. 14, 2023.Shares of chip designer Arm climbed almost 30% in extended trading Thursday morning after the company reported better-than-expected earnings Wednesday and a strong profit forecast for the current quarter. Shares were up as much as 41% in trading after the bell Wednesday.Arm's chip design technology is in most smartphones and many PCs. The company ...

Stock futures dipped slightly in premarket trading on Thursday as investors digested earnings from entertainment giant Disney and chip designer Arm.Arm (ARM) shares soared in premarket trading after topping earnings estimates and offering current quarter guidance well ahead of Wall Street's expectations. Disney (DIS) gained premarket after beating earnings expectations and announcing a $1.5 billion investment in Fortnite maker Epic Games.Treasury yields and the dollar inched up Thursday morning, while crude ...

Shares of Arm Holdings (ARM 5.52%) soared 19.9% in Wednesday's after-hours trading following the release of a strong fiscal third-quarter report for the leading designer of central processing unit (CPU) chips. Investors' collective delight is attributable to the quarter's revenue and earnings handily beating Wall Street's consensus estimates, along with management raising its guidance for the full fiscal year to levels solidly above analysts' expectations.As background, the U.K.-based company held its initi ...

British central processing unit (CPU) designer Arm Holdings PLC (NASDAQ:ARM)’s second quarter as a Nasdaq-listed company brought in record quarterly revenues for the group, with earnings exceeding the top end of guidance. Total revenues came to $824 million (£652 million), up 14% year on year, with royalty revenue up 11% and licensing revenue up 128%. Arm receives royalties for every smartphone and device that incorporates its CPU architecture, while licensing revenues are generated by customers paying for ...

SoftBank Group shares rose sharply after U.S.-listed shares of chip-designer unit Arm Holdings surged overnight following a better-than anticipated outlook.Shares of SoftBank Group 9984, +9.07% were recently 8.3% higher at 7,168 yen after rising as much as 9.6% earlier Thursday morning.The British chip designer’s stock ARM, +5.52% climbed by 20% in after-hours trading, following the company’s forecast of $850 million to $900 million of sales in its current quarter. That beat forecasts of $779 million in a F ...

Arm Holdings Plc (ARM) stock soared more than 20% in after-hours trading Wednesday after reporting strong earnings and a rosy outlook amid increasing demand for artificial intelligence processing.The British semiconductor designer reported fiscal 2024 third-quarter adjusted earnings per share of 29 cents, up from 22 cents a year earlier. Revenue rose 14% to $824 million as the company gained market share in the cloud and automotive space, and as AI boosted its licensing revenue. The top and bottom line figu ...

ARM Holdings Plc (ARMH) Q3 2024 Earnings Conference Call February 7, 2024 5:00 PM ET Company Participants Ian Thornton - Head of IR Rene Haas - CEO Jason Child - CFO Conference Call Participants Harlan Sur - JPMorgan Gary Mobley - Wells Fargo Thomas O'Malley - Barclays Vivek Arya - Bank of America Securities Mehdi Hosseini - SIG Vijay Rakesh - Mizuho Ross Seymore - Deutsche Bank Charles Shi - Needham & Company Matthew Ramsay - TD Cowen Andrew Gardiner - Citigroup Operator Thank you for standing by, and welc ...