The Chips Aren't Down for ARM Holdings (ARMH); Strong Q1 Results Lifts Segment (TXN) (AMD)
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Chip makers are seeing some strength on the session Tuesday following solid quarterly results from microprocessor design firm ARM Holdings (Nasdaq: ARMH).
On a normalized basis, revenue rose 26 percent to $263.9 million while earnings popped 58 percent to £0.053 per share. Operating margin rose 6 points to 50.5 percent.
ARM offered two key metrics for the quarter, which only serve to reinforce how well the mobile device segment is growing:
ARM also offered little guidance, saying it expected Q2 and FY13 revenue to be at least in-line with market expectations.
The IP developed by ARM is used in Google (Nasdaq: GOOG) Android devices as well as A-series chips used by Apple (Nasdaq: AAPL) in its iPhone handset.
ARM results come following numbers out of peer Intel (Nasdaq: INTC) last week, showing a miss on the top- and bottom-lines, as well as a 2 point drop in margins. Then again, Intel is still working to expand its mobile presence.
Texas Instruments (Nasdaq: TXN) AMD), STMicro (NYSE: STM), and NVIDIA (Nasdaq: NVDA).
Shares of ARM are up 10 percent on strong volume.
On a normalized basis, revenue rose 26 percent to $263.9 million while earnings popped 58 percent to £0.053 per share. Operating margin rose 6 points to 50.5 percent.
ARM offered two key metrics for the quarter, which only serve to reinforce how well the mobile device segment is growing:
- 2.6 billion ARM-based chips shipped, up 35% year-on-year; and
- Strong year-on-year shipment growth across all segments; mobile chips up 25%, embedded up 50% year-on-year
ARM also offered little guidance, saying it expected Q2 and FY13 revenue to be at least in-line with market expectations.
The IP developed by ARM is used in Google (Nasdaq: GOOG) Android devices as well as A-series chips used by Apple (Nasdaq: AAPL) in its iPhone handset.
ARM results come following numbers out of peer Intel (Nasdaq: INTC) last week, showing a miss on the top- and bottom-lines, as well as a 2 point drop in margins. Then again, Intel is still working to expand its mobile presence.
Texas Instruments (Nasdaq: TXN) AMD), STMicro (NYSE: STM), and NVIDIA (Nasdaq: NVDA).
Shares of ARM are up 10 percent on strong volume.
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