It’s the end of the second quarter, so a whole host of financial results are flooding in from technology companies. ARM continues to see strong growth, seeing a 23% increase in net profit at £66.5 million (~$102.9 million). That’s up from £54.2 million (~$83.9 million) earned during the second quarter of last year. Revenue has also increased to £135.5 million (~$209.7 million) from £117.8 (~$182.3 million) million, a 15% increase, and operating margin has jumped ever so slightly to 46.4%.
ARM is attributing the growth to the licensing of a new ARMv8 processor for networking applications, 23 processor licenses that have been signed across a bevy of mobile devices, and the 2 billion chips that have been shipped so far, a 9% increase over the same period last year. Royalties for processors have also increased by around 14% despite the fact that the industry saw an overall decline of 7%.
Finally, 3 licenses for the Mali GPU were signed in the second quarter, with 2 of those being with new customers. CEO of ARM, Warren East, seems pretty pleased with the results overall too: “ARM's royalty revenues continued to outperform the overall semiconductor industry as our customers gained market share within existing markets and launched products which are taking ARM technology into new markets.” Going forward, ARM expects a small increase in industry revenues during the third quarter, but things aren’t looking as good in Q4 as “as macroeconomic uncertainty may impact consumer confidence.”