Arm Holdings reported a 39% increase in total revenue for the three months ended June 30, 2024, reaching $939 million compared to $675 million in the same period in 2023. The rise was attributed to a 72% surge in license and other revenue due to multiple high-value license agreements and backlog contributions. Royalty revenue also grew by 17%, driven by smartphone market recovery and higher royalty rates per chip, such as Armv9 technology. Despite a 52% increase in revenue from external customers, revenue from related parties saw an 11% decline. Cost of sales rose by 6%, while research and development expenses jumped by 44%, reflecting increased investment in next-generation products. Selling, general and administrative expenses increased by 22%, primarily due to higher employer taxes related to vested awards. Income from equity investments turned positive, with a $24 million gain compared to a $7 million loss in the previous year, largely due to unrealized gains from a publicly listed company investment. Interest income net grew by 33%, and income tax expense decreased by 5%, resulting in a net income of $223 million, a significant increase from $105 million in 2023.

Arm Holdings reported a 39% increase in total revenue for the three months ended June 30, 2024, reaching $939 million compared to $675 million in the same period in 2023. The rise was attributed to a 72% surge in license and other revenue due to multiple high-value license agreements and backlog contributions. Royalty revenue also grew by 17%, driven by smartphone market recovery and higher royalty rates per chip, such as Armv9 technology. Despite a 52% increase in revenue from external customers, revenue from related parties saw an 11% decline. Cost of sales rose by 6%, while research and development expenses jumped by 44%, reflecting increased investment in next-generation products. Selling, general and administrative expenses increased by 22%, primarily due to higher employer taxes related to vested awards. Income from equity investments turned positive, with a $24 million gain compared to a $7 million loss in the previous year, largely due to unrealized gains from a publicly listed company investment. Interest income net grew by 33%, and income tax expense decreased by 5%, resulting in a net income of $223 million, a significant increase from $105 million in 2023.