ARM Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2023-12-31), ARM reported revenue of $824M, gross profit of $788M (95.6% gross margin), operating income of $134M, and net income of $87M (10.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ARM was profitable; revenue grew 2.2% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +2.2% | +179.1% | +24.2 pp |
Consensus estimate data is not available for this report.
ARM Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $824M | 100% |
| Cost of Revenue | −$36M | 4.4% |
| Gross Profit | $788M | 95.6% |
| Research & Development | −$432M | 52.4% |
| Selling, General & Administrative | −$216M | 26.2% |
| Other Operating Expenses | −$6M | 0.7% |
| Operating Income | $134M | 16.3% |
| Other Income, net | $13M | 1.6% |
| Income Tax Expense | −$59M | 7.2% |
| Net Income | $87M | 10.6% |
Source: original SEC filing (filed 2024-02-08). Accession 0001973239-24-000004. Data normalized by EarningsFyi.