Arm Holdings Plc. disclosed on Wednesday that its opening-quarter revenue for its fiscal 2025 landed at $939 million, marking a 39% surge year-over-year. The figure came in above the company's guidance.
The semiconductor giant's GAAP operating income soared 64% compared to the year before to land at $182 million, while its net income rallied 112% to $223 million. Diluted earnings per share saw a 110% jump to arrive at $0.21 apiece. The Britain-based chip designer forecasted second-quarter revenue to be in the range of $780 million and $830 million.
"AI demand and rising CSS adoption across major market segments drove record revenue. As the energy needs of AI continue to escalate, so does the demand for the high-performance, power-efficient Arm compute platform," CEO Rene Haas said.
The company's stock fell by 6.70% in the extended trading after the earnings release after guidance for the next quarter fell short of market estimates.
