Arm reports its quarterly results for the quarter ending June 2024, with total revenue of 939 million dollars, an increase of 39% from the same period in the previous year, and a net profit according to GAAP accounting of 223 million dollars.
Revenue for Arm is divided into two parts, with royalties increasing by 17% to 467 million dollars, and revenue from licenses and others increasing by 72% to 472 million dollars, reaching a record high for the quarter. Arm attributes this to securing high-value contracts with leading technology companies.
In this quarter, Arm notifies investors that the company will stop providing device shipment numbers using Arm architecture chips, which were previously reported every quarter. This decision is due to the company’s shift towards high-value market focus and lower chip shipments, such as AI processors, data center chips, and premium smartphones. Investors are advised to consider the royalty revenue segment instead.
In the previous quarter, Arm reported the delivery of approximately 7.0 billion devices using Arm chips.
TLDR: Arm’s quarterly report shows strong revenue growth, driven by high-value contracts and a strategic shift towards premium markets, leading to a record-breaking quarter.
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