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Arm results shine bright in SoftBank mire
Processor IP licensor Arm Ltd. (Cambridge, England) achieved sales revenue of $746 million in its 3QF22, ended on December 31, 2022, up 28 percent compared with a year before.
www.eenewsanalog.com/, Feb. 07, 2023 –
Arm made a profit before tax and depreciation of $450 million. Arm's licensees shipped 8 billion Arm-based chips, taking the total to more than 250 billion to date. For the nine months to the calendar year end Arm achieved a 3.7 percent increase in sales.
As such Arm fared far better than its parent SoftBank Group, which made a loss of¥783.42 billion (about US$5.9 billion) in the three months to December 31, compared to a profit of about ¥29 billion a year before. These loses were mainly due to poor investments by its Vision Funds subsidiary and other venture capital efforts.
It was SoftBank's fourth red quarter in a row and notable that it was the first earnings report without founder Masayoshi Son being present leaving his CFO to face analysts questions.
Four strategic wins
Arm's licensing revenue was US$300 million, up 65 percent year-on-year. The company said it had signed strategic long-term agreements with four customers – an automotive OEM, a cloud service provider, a leading microcontroller vendor, and a vendor of semiconductors for consumer electronics.
The company's royalty revenue was $446 million, up 12 percent year-on-year. Arm-based chips going into servers and automobiles were partly responsible, along with Armv9 architecture processors being adopted in premium smartphones and cloud server applications.
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