On July 31, ARM Holdings rose 3.58% in pre-market trading, trading at approximately $251.14/share, with turnover of $2.41 million. The stock continues to build on the prior session's roughly 12% rebound as the market reprices the magnitude of its earnings beat.
ARM reported FY2027 first fiscal quarter results with adjusted EPS of $0.45, surpassing the consensus estimate of $0.40 by 12.5% and rising 29% year-over-year. Revenue came in at $1.29 billion, above the $1.262 billion estimate, representing approximately 22.7% year-over-year growth. The company guided Q2 revenue to approximately $1.38 billion, exceeding the FactSet consensus of $1.34 billion. Despite multiple brokerages lowering price targets — UBS cut to $320 from $360 and RBC to $340 from $475 — both maintained positive ratings. The broader semiconductor sector continues to rally in tandem, with Lam Research up over 13%, Micron Technology up 7.54%, and SK Hynix up 8.91% in the prior session, reinforcing upward momentum.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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