Arm Stock Plunges Despite Revenue, Earnings Beat as Guidance Misses Expectations
Arm plc(ARM) Investopedia·2024-05-09 05:55
Q4 FY 2024Analyst Estimates for Q4 FY 2024Q4 FY 2023Revenue$928 million$880.90 million$633 millionDiluted Earnings Per Share21 cents14 cents0 centsNet Income$224 million$140.6 million$3 million The company indicated record-high royalty revenue drove its revenue beat, accounting for $514 million of total revenue. Arm highlighted that "chips based on Armv9 technology now contribute around 20% of royalty revenue, up from around 15% last quarter." "From cloud to edge, all AI software models, from GPT to Llama, ...