Overview
- Arm reported March‑quarter revenue of $1.49 billion, up 20% year over year and above forecasts.
- The company said demand for its first production chip, the Arm AGI CPU, exceeds $2 billion over the next two fiscal years.
- Executives said Arm has not secured enough manufacturing capacity, with tight supply for wafers, memory, substrates, and packaging slowing near‑term deliveries.
- Data center revenue more than doubled as major cloud providers expanded Arm‑based systems for AI and server workloads.
- Bank of America raised its price target to $245 but kept a Neutral rating, citing supply constraints, a rich valuation, and competition even as it models a large long‑term market.