Flexing financial muscles, Arm aims to elbow into Windows PC market

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Despite record revenues, Wall Street doesn't expect growth to last

Chip designer Arm predicts that PCs based on its architecture will account for a significant share of the Windows market within three years as the company claims record revenues for the quarter just ended.

"I think one of the things that's needed for the PC industry to grow, particularly the Windows on Arm segment, is going to be a diversification of the supplier base to provide multiple units, multiple SKUs, multiple price points, and multiple experiences for end consumers," Arm chief Rene Haas said on the company's earnings call for Q4 of FY2024.

Haas said all of these things will"add up for significant growth," and once the vendor base diversifies, that growth will"start to kick in over the next 12 to 36 months."Arm posted record results yet again for the last quarter, topping its own guidance of between $850 million and $900 million to reach $928 million in revenue for Q4 FY24, up 47 percent on the same period a year ago.

But despite the healthy results, Arm shares dropped nearly 10 percent in after-hours trading yesterday. The problem, it appears, is that the chip designer isn't expected to keep up this rate of growth, leaving stock market traders disappointed.

 

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