Arm Holdings Sees Q2 Revenue $780M-$830M vs $804.08M Est., Non-GAAP EPS $0.23-$0.27 vs $0.27 Est.
Portfolio Pulse from Benzinga Newsdesk
Arm Holdings has released its Q2 revenue guidance, projecting between $780M and $830M, compared to the estimated $804.08M. The company also provided a non-GAAP EPS forecast of $0.23 to $0.27, against an estimate of $0.27.
July 31, 2024 | 8:08 pm
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Arm Holdings has provided Q2 revenue guidance of $780M-$830M, slightly below the midpoint of the estimated $804.08M. The non-GAAP EPS forecast is $0.23-$0.27, with the lower end below the estimated $0.27.
The revenue guidance range is slightly below the midpoint of the estimate, and the non-GAAP EPS forecast has a lower bound below the estimate. This mixed guidance may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100