On Wednesday evening, Arm Holdings reported non-GAAP EPS of $0.36 for the last three months of its 2023-24 financial year, compared with $0.02 a year earlier, with an adjusted operating margin of 42.1% compared with -0.2% in the last quarter of 2022-23.
At $928 million, revenues for the British chip designer were up 47%, with increases of 37% for royalties and 60% for licensing revenues, thanks to increased corporate investment in artificial intelligence.
'AI is underpinning increased demand for our technologies across all end markets. From the cloud to the edge, all AI software models, from GPT to Llama, are based on and run on the Arm computing platform", explains CEO Rene Haas.
Arm thus posted full-year adjusted EPS of $1.27 and revenues of $3.23 billion, exceeding the upper limits of its target ranges, and indicates targets of $1.45-1.65 and $3.8-4.1 billion respectively for 2024-25.
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Arm Holdings plc is a semiconductor intellectual property (IP) company. The Company develops and licenses IP for various devices worldwide, and it provides development tools that accelerate product development, from sensors to smartphones to servers. Its central processing unit (CPUs) and nomenclature for properties and units (NPUs) include Cortex-A, Cortex-M, Cortex-R, Neoverse, Ethos and SecurCore. It provides processor IP, offering a range of cores to address the performance, power and cost requirements of every device, from Internet of things sensors to supercomputers, and from smartphones and laptops to autonomous vehicles. Its graphics and camera technology drives the visual experience across a range of devices, including mass-market to high-performance smartphones, Android OS-based tablets, and digital televisions. It provides foundation physical IP and processor implementation solutions to address the performance, power and cost requirements for all application markets.
ARM HOLDINGS PLC 
