Arm Holdings Q2 Earnings: Revenue Beat, EPS Beat, AI Creating New Opportunities And More

Arm Holdings Plc – ADR (NASDAQ:ARM) reported second-quarter financial results after the market close on Wednesday. Here’s a look at the key metrics from the quarter.

Q2 Earnings: Arm reported second-quarter revenue of $844 million, beating analyst estimates of $808.37 million, according to Benzinga Pro. The chip designer reported adjusted earnings of 30 cents per share, beating analyst estimates of 26 cents per share.

Total revenue was up 5% year-over-year, driven by record levels of royalty revenue, which was up 23% year-over-year. Royalty revenue growth was primarily driven by continued adoption of Armv9, as well as an overall smartphone market recovery.

Annualized contract value ...