Nvidia<\/a> and its Vera processor, helped the company report higher-than-expected revenue, Haas said. Qualcomm also launched its C1000 data \u2060center chip, which does not contribute to Arm revenue now but will in the future, he said. <\/p>\nHaas said the company has shipped 1.5 billion Arm cores for the data center \u2014 an important data-crunching portion of each chip \u2014 in the last six years, but about 30% were shipped in the last nine months. <\/p>\n
“Growth is accelerating,” Haas \u200bsaid. <\/p>\n
Revenue \u200bfrom royalties rose 22% to $715 million in the first quarter, while licensing revenue increased \u200b23% to $574 million. <\/p>\n
The company’s spending plans and forecast remain unchanged, \u200cfinance chief Jason Child said during a conference call. Child forecast second-quarter smartphone royalty growth of roughly 10% to 15% and cited memory shortages. <\/p>\n
“The only real weakness in royalties is really on the smartphone side, in particular some of the memory issues,” Child said. <\/p>\n
POWER-EFFICIENT DESIGNS <\/p>\n
Arm’s chip designs are prized for their power efficiency, a critical advantage for data center operators looking to manage the soaring energy costs and heat generated by running massive AI models. <\/p>\n
Its AGI CPU, a new AI data center chip unveiled in March, is exceeding initial expectations, with demand surpassing $2 billion across fiscal years 2027 and 2028, the \u200ccompany said. It has already delivered the product to multiple customers. <\/p>\n
Cloud firm Oracle has \u200bagreed to buy the new chip, Haas said. The CEO did not disclose the contract \u200bvalue. <\/p>\n
“We have new customers in North America and China,” Haas said, \u200badding that the company can now secure supply for more than $1 billion worth of chips. <\/p>\n
“I feel better about (supply) than \u200cI did 90 days ago,” he said. <\/p>\n
Jefferies analysts forecast sales \u200bof the new chip reaching $18 billion in \u200bfiscal 2031, surpassing the chip designer’s own projection of $15 billion. Haas said the company was not changing any forecasts on Wednesday. <\/p>\n
Arm projected second-quarter revenue of $1.38 billion, above analysts’ average estimate of $1.34 billion, according to data compiled by LSEG. <\/p>\n
The British chip designer expects second-quarter profit of 47 \u200bcents per share, adjusted for stock compensation, among \u200cother things, compared with analysts’ expectations of 43 cents per share. <\/p>\n
The company reported revenue of $1.29 billion and adjusted per-share earnings of 45 \u200bcents for the first quarter. Analysts expected revenue of $1.26 billion and adjusted profit of 40 cents a share. <\/p>\n
(Reporting by Juby \u200bBabu in Mexico City; Editing by Sahal Muhammed, Rod Nickel and David Gregorio) <\/p>\n","protected":false},"excerpt":{"rendered":"By Juby Babu and Max A. Cherney July 29 (Reuters) – Arm Holdings signaled strong demand from AI…\n","protected":false},"author":2,"featured_media":834644,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,72330,276,277,49,48,14372,14936,291309,242656,61],"class_list":["post-834643","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-arm-holdings","tag-artificial-intelligence","tag-artificialintelligence","tag-ca","tag-canada","tag-data-center","tag-intellectual-property","tag-jason-child","tag-rene-haas","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/834643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=834643"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/834643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/834644"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=834643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=834643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=834643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}