From Financial Modeling Prep: 2024-11-07 07:50:00

Arm reported strong Q2 earnings with adjusted EPS of $0.30, beating expectations, and revenue of $844 million. Despite this, stock fell over 5% in pre-market trading.

Revenue increased by 5% YoY, driven by record royalty income of $514 million. However, license and other revenue dropped 15% to $330 million due to timing of major agreements.

Annualized contract value rose 13% to $1.253 billion, with remaining performance obligations up 10% to $2.385 billion.

Arm projects Q3 earnings per share of $0.32 to $0.36 and revenue between $920 million and $970 million, in line with Wall Street estimates.



Read more at Financial Modeling Prep:: Arm’s Earnings Beat Expectations But Stock Drops 5…