Arm Holdings plc : Excellent quarter and guidance upgrade thanks to transition to v9 and smartphone market recovery, target price raised to $ 110
>Q3 23-24 results 16% above expectations, thanks to royalties and licences - Q3 2023-24 sales (Q4 2023 calendar) came in at $ 824m at +14% y-o-y and +12% q-o-q, clearly ahead of the consensus of $ 761m and the high point of the guidance of $ 720-800m. This good performance was driven by royalties of $ 470m, 5% ahead of the consensus of $ 447m, at +11% y-o-y (after -5% in Q2), reflecting both the recovery in the smartphone market and stronger penetration by the v9 arc...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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