The company reported revenue that missed analyst expectations.
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Arm Holdings
shares dipped as much as 9% in after-hours trading on the company’s first-quarter earnings results Wednesday.
Here’s how the company did, compared with estimates from analysts polled by LSEG:
The company said it expects second-quarter revenue in the range of $1.01 billion to $1.11 billion, which was in line with $1.05 billion expected by analysts tracked by LSEG.
Arm CEO Rene Haas indicated the company plans to invest in its own chip development.
Shares of UK-based semiconductor designer Arm Holdings fell in aftermarket trading, despite the company posting record revenues…
AMD's first-quarter forecast fell short of what some analysts were hoping for amid an AI spending boom.
Arm unveiled its first in-house chip on Tuesday at an event in San Francisco, with Meta as the initial customer.
Arm chief Rene Haas said he was "confident" the company would be able to secure additional supply of its new CPUs.
Arm shares rose 13% in premarket trading following the company's announcement that it would jump into the CPU fray.
