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Arm beats sales expectations in first post-IPO earnings report, but guidance falls short

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Arm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.

Arm CEO Rene Haas and executives cheer, as Softbank's Arm, chip design firm, holds an initial public offering at Nasdaq Market site in New York, U.S., September 14, 2023.on Wednesday that beat Wall Street expectations for sales and showed that the company's lucrative licensing business doubled in size over the past year.

Arm reported a net loss of $110 million, or $0.11 cents per share. The company said that the loss was due to over $500 million in one-time share-based compensation triggered by the recent IPO, and that share-based compensation would land between $150 million and $250 million in future quarters.Arm's intellectual property is in nearly every smartphone, many PCs, and other miscellaneous chips. Arm says that over 7.1 billion Arm-based chips were shipped during the quarter.

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Arm beats sales expectations in first post-IPO earnings report, but guidance falls shortArm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
Fonte: NBCNewYork - 🏆 270. / 63 Consulte Mais informação »