Arm Stock Plunges Despite Revenue, Earnings Beat as Guidance Misses Expectations
Q4 FY 2024Analyst Estimates for Q4 FY 2024Q4 FY 2023Revenue880.90 million224 million3 million The company indicated record-high royalty revenue drove its revenue beat, accounting for $514 million of total revenue. Arm highlighted that "chips based on Armv9 technology now contribute around 20% of royalty revenue, up from around 15% last quarter." "From cloud to edge, all AI software models, from GPT to Llama, ...