Arm Holdings 2026财年第二季度财报电话会议记录 内容摘要 Arm Holdings 公布了强劲的 2026 财年第二季度业绩，营收达到创纪录的 11.4 亿美元，同比增长 34% ，超出指引 7500 万美元。 版税收入 创下历史新高，达到 6.2 亿美元，同比增长 21% ，这得益于数据中心、智能手机、汽车和物联网等所有主要市场的增长。其中，数据中 心的 Neoverse 版税收入同比增长了一倍多，显示出在定制化超大规模芯片（如 NVIDIA Grace 、 AWS Graviton 、 Google Axion ）部署方面 的显著份额增长。 授权收入 激增 56% 至 5.15 亿美元，原因是客户持续选择 Arm 构建下一代 AI 产品。年度合同价值（ ACV ）同比增长 28% ，远高于公司长期预期的中高个位数增长率。非 GAAP 每股收益为 0.39 美元，超出指引的高端。 AI 算力需求的加速，从毫瓦级的边缘设备到兆瓦级的超大规模数据中心，是推动增长的主要动力。 **Rene Haas （首席执行官） ** 强 调，电力已成为数据中心瓶颈，这加速了 Arm 高效能 Neoverse ...

Core Insights - Ampere Computing has introduced the AmpereOne M Arm server CPU, featuring a 12-channel memory configuration, enhancing its capabilities to compete with AMD EPYC 9005 Turin and Intel Xeon 6900P [1][3][6] Product Overview - The AmpereOne M is set to be widely available by Q2 2024, with shipments expected in Q4 2024 [3][6] - The new CPU architecture retains a relatively small SKU stack, with naming conventions indicating core count and clock speed [10] - Key specifications include support for 96 to 192 custom Arm cores, 12-channel DDR5-5600 memory, and a maximum addressable capacity of 3TB [18][20] Technical Specifications - The AmpereOne M supports 12-channel memory with a single DIMM per channel, and features a system-level cache of 64MB [18] - It includes 96 PCIe Gen5 lanes, allowing for bifurcation down to x4, and supports up to 24 discrete attached devices [18][20] - The memory configuration is limited to 1 DPC (DIMM per channel), which may impact performance compared to competitors [17] Market Context - The acquisition of Ampere by SoftBank suggests a potential shift in focus for the company, raising questions about its customer and partner visibility [21] - The current landscape indicates that Ampere may dominate the enterprise server Arm market, especially as competitors like NVIDIA Grace are not ideal for enterprise applications [21]