Arm Holdings reported its highest-ever quarterly revenue of $1.49 billion for Q1 fiscal 2027, beating analyst expectations. Adjusted earnings per share were $0.60, above the estimated $0.58. Licensing revenue grew 29% year-over-year to $819 million, driven by strong demand for the Arm platform, while royalty revenue rose 11% to $671 million, led by growth in smartphones, AI, and data centers. The company expects continued growth with Q2 revenue guidance at $1.26 billion and adjusted EPS of $0.40. Shares surged 10% afterhours following the report, reflecting investor confidence in Arm's role in the AI era.
Bank of America highlights a divergence in earnings outlooks for CPU makers AMD, Intel, and ARM amid a mixed market. While PC and smartphone sales are declining, AI server chip demand is surging, benefiting AMD with expected earnings beats and raised...
The REX AI Equity Premium Income ETF (AIPI) changed its distribution schedule from monthly to weekly payments while maintaining a similar annual yield near 35%. The fund generates income by selling call options on AI-focused stocks like Palantir and ...
