Arm Holdings 4Q Revenue Rises, Chip Shipments Drop 10%

By Sabela Ojea

Arm Holdings logged significantly higher revenue in the fourth quarter, but said it saw chip shipments drop by 10%.

The semiconductor and software design company on Wednesday posted a net profit of $224 million, or 21 cents a share, compared with a profit of $3 million, or 0 cents a share, for the same period a year ago.

Revenue jumped 47% to $928 million. Analysts polled by FactSet had forecast sales of $865.9 million.

The company said that chips reported as shipped declined to 7 billion from 7.8 billion in the year ago period.

For the first quarter, Arm expects revenue of $875 million to $925 million, exceeding analysts expectations of $866.4 million. The company also anticipates full-year revenue of $3.8 billion to $4.1 billion, in line with analysts views.

Stripping out one-time items, Arm sees first-quarter earnings per share of 32 cents to 36 cents, and full-year adjusted earnings per share of $1.45 to $1.65.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

May 08, 2024 17:02 ET (21:02 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.