Core Insights - Arm's Q1 revenue was $1.05 billion, slightly below market expectations of $1.06 billion, with a net profit of $130 million, down from $223 million year-over-year [1] - The company plans to invest part of its profits into developing its own chips, marking a significant shift from its traditional IP licensing model to a strategy that includes physical chip production [1][2] - Arm's CEO, Rene Haas, emphasized the company's intention to move beyond design to building complete products, including chiplets and potential solutions [2] Financial Performance - Q1 revenue: $1.05 billion, slightly below expectations [1] - Net profit: $130 million, down from $223 million year-over-year [1] - Adjusted EPS: $0.35, in line with expectations [1] - Q2 revenue guidance: $1.01 billion to $1.11 billion, aligning with market expectations [1] Strategic Shift - Arm is actively recruiting talent, including professionals from its clients, indicating a potential competitive relationship in chip orders [2] - The company is transitioning from a design-only approach to a more integrated model that includes chip production [2] Market Position - Arm's architecture has shipped over 310 billion chips, with a large developer ecosystem of over 22 million [3] - The company maintains a leading position in mobile computing and is increasing its share in the server and PC markets [3] Competitive Landscape - By 2025, nearly 50% of computing power shipped to major cloud service providers is expected to be based on Arm architecture [4] - Arm faces competition from RISC-V, an open instruction set architecture that allows free use and modification, posing a challenge to Arm's traditional licensing model [4][5] - RISC-V has rapidly gained traction, achieving 10 billion chip shipments in just 10 years, compared to Arm's 21 years [4] Industry Challenges - Arm's traditional closed licensing model may hinder its adaptability in the evolving AI landscape, where open and flexible architectures like RISC-V are gaining popularity [5][6] - The industry is questioning whether Arm can break away from its established business logic to embrace a decentralized and open AI ecosystem [6]

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].

智通财经7月31日电，微软美股盘前上涨8.77%，其第四财季净利润同比增长24%；Meta盘前上涨 12.38%，其二季度净利润同比增长36%；Arm盘前下跌7.24%，其第一财季净利润同比下降42%。 ...

Core Viewpoint - Arm's second-quarter financial forecast fell short of market expectations, leading to an 8.65% drop in stock price, primarily due to plans to invest profits in developing its own chips and components, which disappointed investors [2]. Group 1: Strategic Shift - Arm is transitioning from licensing designs to developing its own chips, marking a significant change in its business model [2][3]. - The CEO, Rene Haas, emphasized that the investment in chip development is a conscious decision to move beyond just design and into manufacturing [2][3]. - The company is exploring the development of Chiplets, which are smaller, function-specific versions of larger chips, to integrate hardware and software solutions [2]. Group 2: Financial Performance - Arm reported first-quarter sales of $1.05 billion, slightly below the expected $1.06 billion, with adjusted earnings per share of $0.35, in line with expectations [6]. - The forecast for second-quarter adjusted earnings per share is between $0.29 and $0.37, with the midpoint below the analyst average expectation of $0.36 [6]. - Expected revenue for the second quarter is projected between $1.01 billion and $1.11 billion, consistent with the $1.06 billion forecast [6]. Group 3: Legal and Competitive Landscape - Arm is facing a lawsuit from Qualcomm regarding technology licensing, with allegations of competing with clients in the data center processor market [4][5]. - Despite claims of exploring chip design, Arm's CEO has previously stated that the company does not manufacture chips [6]. - There are indications that Arm is developing its own chips, with the first expected to launch soon, potentially impacting its relationships with clients like Meta [6].

Core Viewpoint - Arm's forecast for the next fiscal quarter fell below market expectations, primarily due to plans to invest profits in developing its own chips and components, disappointing investors [1] Group 1: Financial Performance - Arm's stock price dropped by 8.65% in after-hours trading following the announcement of its lower-than-expected forecast [1] Group 2: Strategic Shift - CEO Rene Haas indicated that the company is transitioning from its traditional model of licensing chip IP designs to investing in the development of its own chips, marking a significant change in strategy [1]

Arm(ARM.US)夜盘跌约8.5%，报149.49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) ...

全球应用最广泛的计算机芯片技术提供商Arm Holdings(ARM.US)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。这一前景指引令投资者感到意外，该股股价在盘后下跌超8%。另一家专注 于智能手机芯片的企业高通(QCOM.US)在发布财报后也出现下跌。 Arm Holdings于美东时间周三盘后发布第一财季业绩报告，数据显示，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。 其中，授权收入为4.68亿美元，同比下降1%，高于分析师平均预期的4.56亿美元;特许权使用费收入为 5.85亿美元，同比增长25%，略低于分析师预期的5.95亿美元。 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 ...