Arm Holdings has reported another set of strong results amid the boom in AI.
The dramatic arrival of Chinese player DeepSeek caused US tech stocks to drop recently, but Arm continues to go from strength to strength.
The Cambridge-headquartered chipmaker, which designs the microprocessors used in a vast range of electronic devices – including smartphones, tablets and laptops – snubbed London for a $54.5bn listing on New York’s Nasdaq exchange in 2023.
Arm’s technology is also used in various other applications such as servers in data centres, IoT devices and automotive systems – with AI servers perhaps its highest-potential growth market.
Since the IPO its share price has trebled, giving it a $182bn market cap today. With 27 offices across 16 countries and employing nearly 3,000 staff, it last year signed a lease with Gary Neville’s Relentless Developments to take three floors in the upcoming £400m landmark St Michael’s development in Manchester.
Reporting its Q3 results, Arm said it will no longer meet the top end of its previous full-year revenue guidance – but topped expectations for the quarter. It narrowed its revenue guidance to a range of $3.94bn to $4.04bn, from $3.8bn to $4.1bn.
Third-quarter revenue rose 19% to $983m, compared with analyst estimates of $946.7m.
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