# Episode 42: Analyzing Arm's First Q Earnings as a Public Company

- Show: [The Circuit](https://hardwarepodcasts.com/podcast/the-circuit)
- Published: 2023-11-13
- Length: 38m
- Episode: 44
- Page: https://hardwarepodcasts.com/podcast/the-circuit/2023-11-13-episode-42-analyzing-arms-first-q-earnings-as-a-public-company
- Listen: https://share.transistor.fm/s/ca914150

## Summary

Ben Bajarin and Jay Goldberg analyze Arm's first quarterly earnings as a public company, noting the stock's post-earnings drop despite a revenue beat and raised full-year guidance. They discuss the complexity of Arm's licensing and royalty revenue models, the confusion surrounding its new subscription offerings, and the market's reaction to guidance that fell short of implicit expectations. The hosts also evaluate the competitive landscape, specifically the threat of RISC-V in mobile and data center markets, concluding that while RISC-V is growing, Arm remains dominant in mobile and strong in automotive, with its future hinging on the success of its Neoverse architecture and AI-enabled IP.

## Chapters

- [0:06](https://hardwarepodcasts.com/podcast/the-circuit/2023-11-13-episode-42-analyzing-arms-first-q-earnings-as-a-public-company#t=6) Introduction: Arm's First Public Earnings and Stock Reaction
- [5:45](https://hardwarepodcasts.com/podcast/the-circuit/2023-11-13-episode-42-analyzing-arms-first-q-earnings-as-a-public-company#t=345) Unpacking Arm's Quarterly Numbers and Guidance Disconnect
- [12:42](https://hardwarepodcasts.com/podcast/the-circuit/2023-11-13-episode-42-analyzing-arms-first-q-earnings-as-a-public-company#t=762) Complexity of Arm's Licensing, Royalty, and Subscription Models
- [20:29](https://hardwarepodcasts.com/podcast/the-circuit/2023-11-13-episode-42-analyzing-arms-first-q-earnings-as-a-public-company#t=1229) AI Opportunities and the Neoverse Architecture Challenge
- [29:55](https://hardwarepodcasts.com/podcast/the-circuit/2023-11-13-episode-42-analyzing-arms-first-q-earnings-as-a-public-company#t=1795) RISC-V Summit Insights: Android Porting and Ecosystem Maturity

## Topics

- [Chips, FPGAs & semiconductors](https://hardwarepodcasts.com/topic/chips-and-fpgas)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Intellectual property](https://hardwarepodcasts.com/topic/intellectual-property)
- [AI & machine learning](https://hardwarepodcasts.com/topic/ai-and-machine-learning)

## Most relevant to

large enterprises

## Mentioned

- Arm (company)
- RISC-V (chip)
- Neoverse (product)
- Qualcomm (company)
- Apple (company)
- Samsung (company)
- Google (company)
- Ampere (company)
- SoftBank (company)

## Related episodes from other shows

- [Launch of RISC-V Special Project | MIPS vs. RISC-V | RISC-V Impact on ARM](https://hardwarepodcasts.com/podcast/ee-times-current/2019-02-18-launch-of-risc-v-special-project-mips-vs-risc-v-risc-v-impact-on-arm) (EE Times Current)
- [Fear & Loathing on the M&A Trail](https://hardwarepodcasts.com/podcast/ee-times-current/2021-02-26-fear-loathing-on-the-m-a-trail) (EE Times Current)
- [CEO Interview: Mike Henry of Mythic | The Biggest Chip Deal Ever | Do Androids Dream of Electric Smartphones?](https://hardwarepodcasts.com/podcast/ee-times-current/2020-09-18-ceo-interview-mike-henry-of-mythic-the-biggest-chip-deal-ever-do-androids-dream) (EE Times Current)
- [Arm’s bold new path | Teenage autonomous drivers | Dealing with the data deluge](https://hardwarepodcasts.com/podcast/ee-times-current/2019-10-18-arms-bold-new-path-teenage-autonomous-drivers-dealing-with-the-data-deluge) (EE Times Current)
- [RISC-V Reaches Adolescence](https://hardwarepodcasts.com/podcast/ee-times-current/2021-12-17-risc-v-reaches-adolescence) (EE Times Current)

## Citing this page

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