Arm Holdings (ARM) reported fiscal second-quarter adjusted earnings of 52 cents per share and revenue of $1.44 billion, beating analyst estimates of 48 cents and $1.38 billion, with data center royalties doubling from a year earlier. However, royalty revenue rose only 8% to $670 million, below the $705 million analysts expected. Arm attributed the slower growth to limited memory availability and higher prices, which have weighed on smartphone production at Apple and Android partners. Qualcomm (QCOM) has also flagged challenges involving Android and Apple modem-related revenue. Shares fell 7% early Thursday to trade near $177.20, as investors weigh a valuation of more than 196 times earnings.
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Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/04/2026 | 691.95 |
| Change that session | +0.97% |
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