Net income came to $223 million, or 21 cents per share, up from $105 million, or 10 cents per share, in the year-ago quarter.
Analysts surveyed by LSEG had been looking for $1.58 in adjusted earnings per share and revenue of $4.02 billion.
For the fiscal second quarter, Arm sees adjusted earnings of 23 to 27 cents per share on $780 million to $830 million in revenue.
The company said that as of this quarter, it is no longer reporting the number of Arms-based chips that were reported as shipped.
In the fiscal fourth quarter, Arm had 7 billion chips reported as shipped, which were down 10% year over year.
Persons:
Rene Haas, LSEG, Jason Child, Haas, Child
Organizations:
Arm Holdings, StreetAccount, Microsoft
Locations:
Taipei, Taiwan