In Q1 Arm had record total revenues of $719 million, up 6% y-o-y.
Royalty revenue was a record $453 million, up 22% y-o-y. This is the first time the quarterly royalty revenue has been higher than $400 million.
There was a record number of Q1 unit shipments – Arm partners shipped 7.4 billion Arm-based chips, up 7% year-over-year.
Arm has now achieved four quarters of more than 7 billion Arm-based chips shipped.
Adjusted EBITDA was $414 million, up 31% year-over-year and 58% margin.
Arm says its strategy of diversifying into markets beyond mobile, such as automotive and infrastructure, is paying off with strong growth in all new target markets.
“Arm continues to enable our ecosystem with compute performance and efficiency leadership through a transformed strategy. Together, we are meeting the insatiable demand for compute and defining the future of computing that will power the next great technology revolutions on Arm,” says CEO Rene Haas.
The Arm IPO is becoming more important to Softbank after its $23 billion Q2 loss. Softbank was expecting a big pay day when Nvidia’s cash-and-stock offer for Arm rose from being worth $38.5 billion to $66 billion as Nvidia shares soared in value, but regulators squashed the deal.
Softbank bought Arm for $32 billion in 2016 and analysts are now saying the IPO may value it at $27 billion.
