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Arm Stock Plunges Despite Revenue, Earnings Beat as Guidance Misses Expectations
Arm plcArm plc(US:ARM) Investopedia·2024-05-09 05:55

Q4 FY 2024Analyst Estimates for Q4 FY 2024Q4 FY 2023Revenue928million928 million880.90 million633millionDilutedEarningsPerShare21cents14cents0centsNetIncome633 millionDiluted Earnings Per Share21 cents14 cents0 centsNet Income224 million140.6million140.6 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, ...