Arms revenue rose 28 as the company prepares to go
Hardware

Arm’s revenue rose 28% as the company prepares to go public this year

Part of the SoftBank Group conglomerate, processor architecture and core company Arm reported revenue growth of 28% year over year for the quarter and is preparing for an initial public offering (IPO) planned for later this year.

    Image source: arm.com

Image source: arm.com

Arm’s revenue for the most recent quarter was $746 million, compared to $581 million for the same period last year. Of this, $300 million (a 65% increase) was from royalties, including long-term agreements, and an additional $446 million (a 12% increase) was royalties. Growth was recorded in all segments: Automotive Solutions, Consumer Segment, Infrastructure and Internet of Things. The company’s partners produced 8 billion chips last quarter, bringing the total to over 250 billion.

SoftBank founder Masayoshi Son had high hopes for Arm, saying the company could have the largest IPO by a chipmaker to date. But investors tend to disagree: Technology stocks are down and the entire semiconductor industry is seeing a drop in demand in key segments.

Arm’s technology is widely used in the electronics industry, dominating smartphones and tablets. Its customers include brands such as Apple and Qualcomm. Rene Haas, Arm’s CEO, is looking to expand into other markets including personal computers, data centers and automotive electronics. One of the most important components of the company’s success is its neutrality – this allows it to work with players who compete with each other in different industries and regions.

About the author

Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

Add Comment

Click here to post a comment