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Arm Disappoints with Outlook, Vanguard Slashes Fees
2025/2/7
Bloomberg Technology
A
Ayako Yoshioka
B
Ben Harburg
C
Cecilia D'Anastasio
M
Mark Bergen
M
Max Chafkin
R
Reid Hoffman
R
Rene Haas
S
Salim Ramji
Caroline Hyde: 投资者对智能手机市场的前景感到担忧,因为高通的业绩显示该市场增长停滞。这种担忧也蔓延到了ARM,因为它们也是关键的芯片设计商。
Rene Haas: 我不同意市场对ARM的预测。我们第三季度业绩超出了预期,并提高了第四季度和全年的指导值。我们对业务的轨迹和表现感到非常满意。尽管智能手机市场增长放缓,但ARM的版税收入却以两位数的速度增长,因为我们在手机中使用了更多的技术。
Ayako Yoshioka: 我认为高通在短期内受到手机市场放缓的影响,但从长远来看,它们将在推理方面发挥作用,其芯片将应用于小型设备。
Deep Dive
Arm's CEO Rene Haas discusses the company's Q3 results, exceeding expectations but offering a conservative forecast. The conversation covers strong demand for Arm products, particularly in AI, the Stargate partnership, and the impact of the US-China tech rivalry. Concerns about slowing smartphone markets are also addressed.
- Arm beat Q3 projections and raised Q4 guidance.
- Strong demand for Arm products across the board, with record royalties.
- Stargate partnership: significant infrastructure project for AI data centers.
- Concerns about slowing smartphone market growth, but Arm's double-digit royalty growth in the sector.
- Litigation with Qualcomm has no impact on future earnings.
Shownotes Transcript