Arm makes the CPU architecture for chips found in nearly all smartphones. An Arm chip is shown here in San Jose, California, on October 12, 2023.
Arm reported fiscal third-quarter earnings Wednesday that beat estimates and gave a strong profit forecast for the current quarter. The shares soared as much as 41% in extended trading.
Here’s how the company did for the quarter ending December versus consensus estimates from LSEG, formerly known as Refinitiv:
- Earnings per share: 29 cents adjusted vs. 25 cents expected
- Revenue: $824 million vs. $761 million expected
Arm, whose chip design technology is in nearly every smartphone and many PCs, said it expects earnings per share for the…