Google Analytics counts our visits, with cookies. No thanks turns it off and removes its cookies; in Europe, the UK, Switzerland and India, or wherever we cannot tell where you are, it stays off unless you accept. Cookie Notice

Advertise
PRICES
BTCETHSOLXRPBNBTONDOTLTCPOLHBARNEARARBUNI
Back to NewsFeeds

Arm posts 27% revenue growth as AI data-centre demand offsets weak smartphones

NewsFeeds update

Arm reported second-quarter revenue of $1.44bn, up 27% year on year and above the $1.38bn expected, with adjusted EPS of $0.52 against $0.47 forecast. It guided to about $1.54bn for the third quarter; licensing revenue rose 50% to $773m and royalties 8% to $670m, and the shares fell 3.8% after hours.

AIChainCatcherAINeutral

Read the original on ChainCatcher

More AI updates

  1. Police in Oakland investigate theft of Nvidia AI chips worth $11.4m

    AIPANewsAINeutral

  2. Chamath Palihapitiya says SpaceX-Anthropic compute contract holds 90-day mutual exit clause

    AIChainCatcherAINeutral

  3. Stop Dirty Data Centres says protests across Europe target AI data centre expansion

    AIChainCatcherAINeutral

Every AI update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.