Share on linkedin Arm CEO Rene Haas knows that the first rule of post-IPO earnings is to meet or beat Wall Street expectations. And he thought his chip design giant had cleared the bar yesterday, until the market disagreed.in the year's largest U.S. IPO, reported earnings for its second fiscal quarter the closing bell.
The trouble, however, came within Q3 guidance. Arm offered a very wide revenue range of $720 million to $800 million, where the midpoint falls short of what analysts were expecting. "We've been discussing it internally," Haas told Axios last night. "We're all a bit surprised by the headlines being written after a blowout quarter."The disconnect is that Arm is in advanced talks on a large deal with an existing customer that, if it closes by year-end, would bring Q3 revenue at the high end of its guidance.
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