Arm Holdings Shares Move Lower Following Q1 Earnings: Revenue Miss, EPS In Line, Soft Q2 Earnings Guidance
1. ARM's Q1 revenue was $1.053 billion, slightly missing estimates. 2. Royalty revenue rose 25% year-over-year, reflecting strong AI adoption. 3. Adjusted earnings matched analyst expectations at 35 cents per share. 4. Second-quarter revenue outlook anticipates $1.01 to $1.11 billion. 5. ARM shares dropped 8.31% after earnings report, closing at $149.75.