New Street Research - ARM HOLDINGS PLC (ARM) ... Arm cancelling Qualcomm Architectural License. Posturing or early signs of an upcoming Armageddon?

Report

New Street Research

Pierre FerraguÊ

Arm cancelling Qualcomm Architectural License. Posturing or early signs of an upcoming Armageddon?

Bloomberg reported overnight that Arm has given Qualcomm a 60-day notice of the cancellation of its architectural license. This note summarises full facts, background and our perspective.

23/10/2024 1 EN

Underlyings

ARM HOLDINGS PLC

See profile

US0420682058 United Kingdom

ARMEYSKI HLDG AD

See profile

BG1100009973 Bulgarian Stock Exchange - Sofia Bulgaria

Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

See profile

Analysts

Pierre FerraguÊ

Other Reports on these Companies

Oddo BHF

Arm Holdings plc : T2 25 supérieur aux attentes mais pas de relèvement de prévisions annuelles

>Résultats T2 25 > aux attentes grâce à des licences supérieures - Le CA du T2 25 ressort à 844 M$ à +5% yoy, au-dessus du consensus de 812 M$ (guidance 780/830 M$). Cette performance s’explique par des revenus de licences de 330 M$, en baisse comme prévu, mais de seulement 15% après +72% au T1. Ce chiffre est au-dessus du consensus de 297 M$. L'ACV (valeur annualisée des contrats) reste l’indicateur le plus pertinent de la croissance des revenus de licences. Il ress...

1h / 24m 1h / 24m 1 FR

BusinessWire

Arm Holdings plc Reports Results for the Second Quarter of the Financial Year Ended 2025

CAMBRIDGE, England--(BUSINESS WIRE)-- Arm Holdings plc (NASDAQ: ARM), the company that is building the future of computing, has today published a letter to its shareholders containing the company’s results for its fiscal second quarter and three months ended September 30, 2024. The letter is available on its investor relations website (). The shareholder letter will also be furnished to the Securities and Exchange Commission (SEC) on a Form 6-K and will be available on the SEC website at . Arm will host an audio webcast to discuss its results at 14:00 PT / 17:00 ET / 22:00 GMT today, November...

11h / 51m 11h / 51m 1 EN

Match Group (MTCH, Buy, $54 target) MTCH First Take: Positioning for a break up?

What's New: In this first take following tonight’s results, we focus on: 1. Tinder a la carte (ALC) rollout delayed, clouding outlook for the flagship app 2. Tinder MAU trends under more pressure since mid-Sept: back to school hangover? 3. Are new segment profit disclosures a precursor to “exploring strategic alternatives?” 4. What does all of this imply for the Investor Day? And the CFO transition? 5. What to do with the stock

EUR 9313.00

7h / 49m 7h / 49m 1 EN

Soomit Datta

Soomit Datta

MELI US (Neutral, TP: $2,000, -5%) MercadoLibre Credit cards drive big NIMAL and group EBIT miss

Top line trends were in-line/slightly ahead, with only a very slight slowdown in local FX GMV. However, there was a miss at both the gross profit level (2.5%) and, to an even greater extent, at operating income (25%, 19% ex-one-off) and net income (18%).

EUR 9313.00

7h / 53m 7h / 53m 1 EN

Jonathan Chaplin

Jonathan Chaplin

Frontier Post-3Q24 Model Update

This note focuses on changes to the model following 3Q24 results. Earlier today, we published a comprehensive review of results. Our view of the company remains unchanged, whether as a standalone company or as an acquisition target. Intrinsic value is $64 (but they may only get $48.50 in a deal now).

EUR 9313.00

20h / 10m 20h / 10m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Arm cancelling Qualcomm Architectural License. Posturing or early signs of an upcoming Armageddon?

Arm Holdings plc : T2 25 supérieur aux attentes mais pas de relèvement de prévisions annuelles

Arm Holdings plc Reports Results for the Second Quarter of the Financial Year Ended 2025

Match Group (MTCH, Buy, $54 target) MTCH First Take: Positioning for a break up?

MELI US (Neutral, TP: $2,000, -5%) MercadoLibre Credit cards drive big NIMAL and group EBIT miss

Frontier Post-3Q24 Model Update

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe