Wed, Feb. 11, 4:29 AM
- "License revenue momentum has continued throughout the year," said ARM Holdings' (NASDAQ:ARMH) CFO Tim Score, as the company posted strong Q4 results.
- With processor royalty revenue up 16% Y/Y, net profit came in at £72.8M ($111M), compared to a loss of £6.2M a year earlier.
- The semiconductor giant also said it expects revenue to be up 10% Y/Y in Q1, reflecting revenue stemming from robust sales of Apple's iPhone 6.
- ARMH +3.5% premarket
Tue, Feb. 10, 5:30 PM
Oct. 31, 2014, 11:31 AM
- Three weeks after providing a calendar Q3 warning that triggered a massive chip stock rout, Microchip (MCHP +7.3%) has provided Q4 guidance that's in-line with lowered estimates. The microcontroller vendor, which has often seen trends emerge ahead of peers, also said it saw most of its inventory correction in Q3, and expects Q4 sales to be just "slightly below typical seasonal levels."
- Chip stocks are up strongly (SOXX +4%) on a day the Nasdaq is up 1.4%. Since Microchip's warning, a slew of analog chipmakers and microcontroller firms (e.g. Atmel, Freescale, STMicro, Intersil, Linear) have offered light Q4 guidance, and other firms have reported seeing high-end Android weakness (e.g. Synaptics, Cirrus Logic, Amkor).
- On the other hand, several mobile chipmakers (Skyworks, RF Micro, TriQuint, Silicon Motion), some of which have decent iPhone exposure, have provided strong results and/or guidance. Other chipmakers, such as Broadcom, Texas Instruments, and Xilinx, have rallied after delivering in-line guidance.
- Susquehanna's Chris Caso: "By now, we think it’s clear that the weakness MCHP saw in September is not company specific ... The question now is if the full extent of the weakness has been dialed into estimates. If it has, then this would be among the shortest and mildest downturns in many years."
- Notable gainers: SNDK +3.9%. MU +4.1%. AMAT +3.9%. TXN +4.7%. NXPI +3.9%. NVDA +3.5%. MXIM +4.7%. LLTC +5.1%. FCS +9.6%. FSL +8.8%. ADI +6.5%. TQNT +6.8%. RFMD +6.5%. ATML +5.9%. AVGO +5.1%. MRVL +4.7%. AMCC +8.9%. BRCM +3.6%. TSM +4.4%. ARMH +3.3%.
- Intel (INTC +3.5%) has recovered most of the losses it saw yesterday due to Intesil's (ISIL +3.3%) results and guidance, and related comments about a PC chip inventory correction.
- Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
Oct. 21, 2014, 5:57 AM
- ARM Holding's (NASDAQ:ARMH) Q4 guidance is "underwhelming," SocGen says, given previous expectations of a strong H2.
- The drop in value per new license sold implies that most of ARM's larger deals have been completed, firm says.
- Any positive aura from Apple's iPhone strength is "more than offset" by ARM's weakness in the broader smartphone market.
- SocGen maintains Sell rating with implied 18% downside.
- Shares -3.7% in London.
Oct. 21, 2014, 5:48 AM| Comment!
Oct. 20, 2014, 5:30 PM
Jul. 22, 2014, 5:38 AM
- ARM (NASDAQ:ARMH) has announced a large increase in Q2 profit due to heavy growth from higher chip shipments and licensing revenue.
- Net income climbed to £55.5M ($94.8M) from £10.5 Y/Y.
- Revenue rose 9% to £187.1M ($319.6M). ARM's revenue often trails the market since half of its business comes from royalties. It earns the royalties and licensing fees from chip manufacturers on every chip shipped.
- The company raised its interim dividend 20% to 2.52 pence per share.
- ARMH +5.6% premarket
Jul. 21, 2014, 5:30 PM
Apr. 23, 2014, 4:03 AM
- ARM Holdings' (ARMH) Q1 net profit rose to £62.3M ($104.7M) from £51.9M a year earlier.
- EPS increased to 4.4 pence from 3.7 pence.
- Revenue climbed 10% to £186.7M ($305.2M).
- Adjusted pretax profit rose 9% to £97.1M.
- Processor licensing revenue +38% in dollar terms; underlying processor royalty revenue +8%.
- 2.9B chips using ARM technology shipped, +11%.
- ARM signed 26 processor licenses across multiple markets, including mobile computing, enterprise networking and chips for "Internet of Things" devices.
- ARM's pipeline "remains healthy for Q2 and the rest of the year," the company said. It expects FY dollar revenues to be in line with market expectations, assuming the semiconductor industry improves in H2, as is generally anticipated. Consensus is for $1.31B.
- Shares are -2% in London. (PR)
Apr. 23, 2014, 12:05 AM| Comment!
Apr. 22, 2014, 5:30 PM| Comment!
Feb. 4, 2014, 3:34 AM
- ARM Holdings (ARMH) swung to a net loss off £6.2M in Q4 from a profit of £42.5M a year earlier, with the microchip designer hurt by one-off charges such as payroll taxes and impairments.
- Adjusted pretax profit rose 19% to £95.5M.
- Revenue climbed 15% to £189.1M, topping estimates of £181.8M, although growth was limited by slower sales of chips for high-end smartphones.
- Processor royalty revenue +7% in U.S.-dollar terms and licensing revenue +26%.
- 2.9B chips using ARM technology shipped, +16%.
- Signed 26 processor licenses.
- ARM has "a strong opening order backlog and a healthy pipeline of licensing opportunities," and it expects full-year 2014 processor royalty revenues "to grow at a similar rate to that reported over the last three years." The company also forecasts overall revenue to be in line with market expectations.
- Shares -4.35% in London. (PR)
Feb. 4, 2014, 12:05 AM
Feb. 3, 2014, 5:30 PM
Oct. 22, 2013, 3:30 AM
- ARM's (ARMH) net profit +17.4% to £48.5M; revenue and pretax profit come in above consensus.
- Expects Q4 revenue of $290M, "assuming the macroeconomic situation does not deteriorate significantly." Has record order backlog and a "robust opportunity pipeline."
- 2.5B ARM-based chips shipped, +14% on year.
- Broadcom (BRCM) to create a new 64-bit chip based on ARM's technology for enterprise networking applications.
- Licensing revenue +54% to £68M, royalties +16% to £78.7M. Advanced technology enables a higher royalty percentage per chip
- Signs a record 48 licenses with 24 companies in Q3, 11 of which are new customers. Has already signed four large licensing deals this quarter.
- Shares -2.8% in London. (Previous) (PR)
Oct. 22, 2013, 2:10 AM
ARMH vs. ETF Alternatives
ARM Holdings PLC designs microprocessors, physical IP and related technology and software, and sells development tools to enhance the performance and energy-efficiency of high-volume embedded applications.
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