ARM Q2 revenues up 12% on Q1; profit up 23%.
ARM’s Q2 revenues were up 12% on Q1 at £135m with profit up 23% at £66.5m. H1 revenues were up 12% on H1 2011 at £268m, with profit up 22% at £128m.
23 processor licenses signed across key target markets from microcontrollers to mobile computing Two billion chips were shipped into a wide range of applications, up 9% year-on-year compared with industry shipments being down 4%
Processor royalties grew 14% year-on-year compared with a decline in industry revenues of 7%
3 Mali graphics processor licenses swere igned in Q2, of which two were with new customers for Mali technology
5 physical IP Processor Optimisation Packs were licensed.
“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,” said ARM CEO Warren East, “this quarter we have seen multiple market leaders announce exciting new products including computers and servers from Dell and Microsoft, and embedded applications from Freescale and Toshiba. In addition, ARM and TSMC announced a partnership to optimise next generation ARM processors and physical IP and TSMC’s FinFET process technology.”
“Building on our strong performance in the first half, we expect overall Group dollar revenues for full year 2012 to be in line with market expectations,” said East.