About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

公司产品和业务模式 - 公司主要产品是高性能、低成本、节能的中央处理器（CPU）产品和相关技术[236] - 公司的主要收入来源包括许可费和支持维护费（作为许可和其他收入）以及每个芯片的版税（作为版税收入）[243] - 公司的灵活的许可和版税业务模式包括Arm Total Access协议、Arm Flexible Access协议、技术许可协议（TLA）和架构许可协议（ALA）[239][240][241][242] 财务表现 - 2024财年总收入为32.33亿美元，较2023财年增长21%[266] - 外部客户收入增长24%，达到25.09亿美元[266] - 相关方收入增长11%，达到7.24亿美元[266] - 2024财年净利润为3.06亿美元，较2023财年增长9%[266] - 2024财年销售成本增长45%，达到1.54亿美元[269] - 研发支出增长75%，达到19.79亿美元[270] - 销售、一般和管理支出增长29%，达到9.83亿美元[271] - 利息收入增长162%，达到1.1亿美元[277] - 其他非经营性收入增长267%，达到1.1亿美元[278] 现金流和资本需求 - 公司自2022年至2024年的政府研究补助和税收抵免额分别为1.38亿、0.83亿和0.84亿美元[281] - 2024年度经营活动产生的净现金流为10.9亿美元，较2023年增长47%[282] - 2024年度投资活动产生的净现金流为-5.16亿美元，较2023年增长274%[283] - 2024年度融资活动产生的净现金流为-2.08亿美元，较2023年增长395%[284] - 公司对未来资本需求将取决于多个因素，包括收入增长、研发支出、新产品推出时间和市场接受度等[281] 市场和未来展望 - 公司依赖于与Arm China的商业关系来进入中国市场，2024年度从中国市场获得的总收入增长了6%[297] - 公司必须继续投资于技术和产品开发，以保持竞争力，并可能在未来加大对新技术和产品的投资[301] 会计和估值 - 公司的财务报表是根据GAAP准则编制的，需要进行估计和假设，影响资产、负债、收入、成本和费用的报告金额，我们相信我们的估计和支持我们评估的假设是合理的[302] - 公司的收入来自与客户的合同，按照ASC 606准则识别收入，核心原则是在服务或产品转让给客户时确认收入，我们根据ASC 606的五步框架识别收入[304] - 对于许可安排，需要判断产品和服务是否被视为应单独核算的独立履约义务，需要判断每个独立履约义务的独立销售价格(SSP)，需要评估合同组合标准[305] - 对于基于销售的版税收入的估计涉及历史数据和判断，包括预期出货量、市场使用公司产品的比例和平均销售价格[306] - 非市场性证券代表直接或间接投资于未上市早期发展企业，我们根据NAV实用性简化方法或测量替代方法记录这些股权证券[307] - 对于股权投资的估值，需要判断观察到的交易是否类似于我们投资组合中的证券，需要定期进行非市场性股权证券的减值分析[308] - 公司的普通股估值是根据董事会考虑的授予日公允价值确定的，公司通常使用直线法在授予期内确认股权报酬成本[310] - 公司将股权报酬在授予期内确认，基于公司ADS在纳斯达克的收盘价确定RSUs的公允价值[311] - 公司在2022年设立了2022 RSU计划，向公司所有员工授予RSUs，RSUs在授予日期的收盘价基础上确定公允价值[313] - 公司每年第四季度进行商誉减值评估，如果认为商誉的公允价值大于其账面价值，则不认为商誉减值[315] - 公司通过收入方法和/或市场方法估计报告单位的公允价值，评估商誉减值时需要做出重大判断[315] - 公司经过定性审查后确定单一报告单位的公允价值不大于其账面价值，因此没有减值迹象，也没有进行定量商誉减值测试[316]

Chip designer Arm Holdings (ARM) on Wednesday introduced a new computing platform for mobile devices optimized for artificial intelligence. Arm stock slid ahead of the news.X Arm announced its Arm Compute Systems for Client. The new platform emphasizes power efficiency, performance and security for Android, Linux and Windows devices."This is a pivotal moment for the mobile industry," Christopher Bergey, senior vice president and general manager for Arm's client business, said on a conference call with the n ...

Reward-to-Risk Ratio is Paramount to Investment SuccessTony Robbins is a famous author and life coach who coaches billionaire investor Paul Tudor Jones.  Robbins interviewed the legendary investor for his book, “Money Master the Game,” to share some of his investment advice. What Tudor Jones revealed in the book was not a holy grail for money-making but a risk-to-reward mindset that would mark a turning point in my investing career. When asked about risk, Jones said:“5:1 (risk/reward). Five-to-one means I’m ...

If you’re wondering which tech stocks to buy this month, look no further. Technology stocks continue to offer investors big growth opportunities. While the market rally is broadening out, tech stocks are still leading with outsized gains. And it is not just the mega-cap technology companies known as the Magnificent 7 where opportunities are to be found. A range of different technology stocks are providing shareholders with market beating returns.Catalysts such as artificial intelligence (AI), a rebound in o ...

Artificial intelligence (AI) breathed new life into the semiconductor industry. Reminiscent of the early days of the PC wars when chip stocks battled each other for supremacy by outdoing the latest advance by a rival, AI now has spawned new challengers to the old guard. Almost daily, they seem to offer new features and power.Nvidia (NASDAQ:NVDA) remains the AI chip stock of choice. But you don’t have to put all your eggs into one basket — or all your chips onto one wafer. There is a rapidly expanding univer ...

ARM's customers are starting to make products that are challenging Nvidia's GPU business.Nvidia (NVDA 2.49%) has been one of the best companies to be invested in over the past year. It has shot up like a rocket on the back of massive graphics processing unit (GPU) demand driven by the artificial intelligence (AI) arms race. GPUs are great for AI workloads because they allow parallel processing, making them far more powerful when crunching massive problems like AI model training.While these GPUs are incredib ...

These rapidly expanding companies could be among the biggest winners of the AI revolution.To generate robust returns in the stock market over many years, you'll need to find businesses with strong competitive positions and excellent long-term growth prospects.To assist you with your search for these fortune builders, here are two elite enterprises that are set to profit from perhaps the most powerful growth trend of all: artificial intelligence (AI).1. Arm HoldingsFrom the smallest sensors to the largest su ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

文章核心观点 - Arm公司发布了2024财年第四季度财报,营收同比增长47%,其中许可收入和版税收入分别增长60%和37% [3][6] - Arm公司推出了新的订阅服务模式,有助于提升公司的收入增长 [4][5] - Arm公司预计2025财年收入将增长18%-27%,2026和2027财年收入将保持至少20%的增长 [7][8] - Arm公司计划自主研发AI芯片,并将获得软银的部分投资支持,未来有望与软银合作在数据中心领域推广使用自有AI芯片 [10][11][12][13] 公司概况 - Arm公司是一家专注于芯片设计的公司,其技术被广泛应用于智能手机、云服务器、汽车和物联网等领域 [6] - Arm公司的业务模式主要包括许可收入和版税收入,其中Armv9架构芯片的版税收入占比不断提升 [6] - Arm公司正在积极拓展订阅服务模式,以获得更稳定的收入来源 [4][5] 发展战略 - Arm公司计划自主研发AI芯片,并与软银合作在数据中心领域推广使用自有AI芯片 [10][11][12][13] - Arm公司未来几年收入增长目标较高,预计2025财年收入将增长18%-27%,2026和2027财年收入将保持至少20%的增长 [7][8] - Arm公司的股票估值较高,投资者对公司未来业绩增长存在较高预期 [9]