Goldman Sachsanalyst Toshiya Hari reiterated a Buy rating onArm Holdings(NASDAQ:ARM) with a price target of $144, up from $143.
Arm reported fiscal first quarter 2025 revenue of $939 million (+39% year-on-year), 2% and 4% above Goldman Sachs estimate and Street (FactSet), respectively. Adjusted EPS of $0.40 was 10% above Goldman Sachs estimate and 16% above the Street.
Arm guided second-quarter revenue to $805 million at the mid-point (flat Y/Y), 4% below Goldman Sachs estimate and in line with the Street. In contrast, adjusted EPS was guided to $0.25, 12% below Goldman Sachs estimate and 7% below Street consensus.
Hari continues to view Arm as a share...
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