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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 939M | 1.2% |
Gross Profit | 906M | 4.4% |
Cost of Revenue | 33M | 45% |
Operating expense | 757M | 10.5% |
Net Income | 223M | 0.4% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 7.88B | 0.6% |
Total Liabilities | 2.22B | 15.8% |
Total Equity | 5.66B | 6.9% |
Shares Outstanding | 1.05B | 0.9% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -290M | 143.5% |
Cash from financing | -96M | 20.7% |
EPS
Financial Highlights for ARM Holdings in Q2 '24
ARM Holdings reported a revenue of 939M, which is a 1.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 906M, marking a 4.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 33M, a -45% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 757M, showing a -10.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 223M, showing a -0.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
ARM Holdings faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.