"With the shift towards AI and embedded systems, Arm's growth now leans more on data center and automotive markets rather than solely on smartphone royalties."
"In Q3, Arm achieved a 14% year-over-year growth, indicating solid demand for its v9 architecture licensing and increased chip content in client devices."
Arm Holdings is set to announce its Q4 FY2024 results with expectations of $875.4 million in revenue and $0.30 per share in earnings. Following its successful IPO, the company is experiencing shifts in growth drivers, particularly from standard smartphone royalties to opportunities in AI-related licensing and the automotive sector. In Q3, Arm reported a substantial 14% rise in year-over-year growth, fueled by its v9 architecture's licensing and richer chip integration. Investors are keen on insights regarding licensing trends, challenges in China, and advancements in high-performance computing where AI capabilities are critical.
Read at 24/7 Wall St.
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