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Arm’s first earnings report since IPO comes with a disappointing forecast

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Forecast for the December quarter comes up short at the midpoint

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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