💨 Abstract

Arm Holdings exceeded Q2 revenue and profit expectations, primarily due to customers like Apple using a more profitable version of its next-gen technology. However, the company forecast Q3 revenue in line with estimates, causing a 4.5% drop in shares. For Q3, Arm anticipates revenue between $920 million and $970 million, with a midpoint of $945 million.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖