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Chipmaker Arm Holdings Reports Better-Than-Expected Q4 Results: Record Royalty Revenue, Strong License Revenue
Arm Holdings Plc (NASDAQ:ARM) reported its fourth-quarter financial results after the bell Wednesday. Here's a look at the details.
The Details:
Arm Holdings reported quarterly earnings of 36 cents per share which beat the analyst consensus estimate of 30 cents by 20%.
Quarterly sales clocked in at $928 million, beating the analyst consensus estimate of $875.59 million by 5.99%.
The company reported quarterly royalty revenue of $514 million, up 37% year-over-year, driven by the rapidly increasing penetration of Armv9-based chips which typically command a higher royalty rate, and the recovery in the semiconductor industry.
Arm said license revenue was $414 million, up 60% year-over-year, due to multiple high-value license agreements beingsigned as ...