ARM beats forecasts in Q3

Sales and profits at chip designer ARM Holdings beat expectations in the third quarter and the firm's outlook was upbeat, as it has entered the final stretch of the fiscal year with a record order backlog and robust opportunity pipeline.

Sales and profits at chip designer ARM Holdings beat expectations in the third quarter and the firm's outlook was upbeat, as it has entered the final stretch of the fiscal year with a record order backlog and robust opportunity pipeline.

The semiconductor intellectual property group said that total revenue in the three months to September 30th rose 20% in sterling terms from £120.2m to £144.6m, ahead of the consensus estimate of £140m.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.