Arm released its financial report for the fourth quarter of December 2023, disclosing a total revenue of $824 million. According to the GAAP accounting standard, this represents a 14% increase compared to the same period in the previous year. Furthermore, the company achieved a net profit of $87 million.
Arm’s revenue is derived from two main business segments: licenses and other. The licenses segment experienced an 18% growth, reaching $354 million. This growth can be attributed to the increased adoption of Arm’s architecture in AI applications and the royalties obtained from the sales of its products, which amounted to $470 million, an 11% increase. Arm attributes this growth to the recovery of the smartphone market and the increased utilization of Armv9 technology.
During the past quarter, Arm delivered a staggering 7.7 billion devices that utilize its chip architecture.
In summary, Arm’s financial report for the fourth quarter of December 2023 showcases a significant increase in total revenue and net profit. The growth in revenue can be mainly attributed to the licenses segment, driven by the adoption of Arm’s architecture in AI applications, as well as the recovering smartphone market. Arm’s success is further bolstered by the increasing utilization of Armv9 technology.
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