Arm Holdings PLC reported earnings Wednesday for the first time since returning to the public markets, but its shares were headed lower in the extended session as its December-quarter outlook missed the mark at the midpoint.
Total revenue rose to $803 million from $630 million, while analysts had been expecting $740 million. The company generated $388 million in revenue from licenses and other sources, along with $418 million from royalties.Read: As AI matures, Nvidia won’t be the only pick-and-shovel company to thrive, BofA analysts say
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