July 25, 2012

Microchip Giant ARM Reports Q2 Earnings, ‘Record Order Backlog’

arm products-phone

ARM Holdings — supplier of microchips for Apple’s iPhone and iPad products, Samsung’s Galaxy line and soon technology for Microsoft’s Windows 8 devices — continues to report strong results while riding the wireless device boom and expanding to newer areas. The company reported Q2 earnings (ended June 30) of £135.5 million ($213 million), beating analyst estimates of $206 million. Net profit was up by 48 percent, to £39.4 million compared to £26.6 million for the same quarter a year ago.

Pointedly, the company is gearing up for continuing good fortune, at least for the next quarter: It says it has a “record order backlog” that will let it ride well into Q3, but cautioned that macroeconomic uncertainties may impact what happens in Q4.

“Macroeconomic uncertainty may impact consumer confidence, and some analysts have become less confident in the semiconductor industry outlook in the second half,” it noted in a statement. But it noted that it expects overall revenues for 2012 to be in line with market expectations. That consensus currently is for full-year revenues of $860 million.

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