Arm $ARMB revenue of 1.443 billion, +27%.
Reported net income, on the other hand, fell 45%.
· Licensing: 773 million, +50%
· Royalties: 670 million, +8%
· Reported net income: 130 million, −45%
· Adjusted net income: 566 million, +36%
· Operating cash flow: 207 million, −63%
The two lines are moving to different beats.
Licensing revenue of 773 million was up by half, while royalties of 670 million rose just 8%. The former depends on the timing of major deal recognition—and it was what propped up revenue this quarter.
Royalties are the foundation.
Whether royalties can return to double-digit growth is the dividing line in this story.
Initial deliveries of the in-house-developed CPU are scheduled for FY27Q4.
#ARM #BStocks #股票财报季
Reported net income, on the other hand, fell 45%.
· Licensing: 773 million, +50%
· Royalties: 670 million, +8%
· Reported net income: 130 million, −45%
· Adjusted net income: 566 million, +36%
· Operating cash flow: 207 million, −63%
The two lines are moving to different beats.
Licensing revenue of 773 million was up by half, while royalties of 670 million rose just 8%. The former depends on the timing of major deal recognition—and it was what propped up revenue this quarter.
Royalties are the foundation.
Whether royalties can return to double-digit growth is the dividing line in this story.
Initial deliveries of the in-house-developed CPU are scheduled for FY27Q4.
#ARM #BStocks #股票财报季
