Arm Holdings plc (NASDAQ:ARM) Q1 2025 Earnings Conference Call July 31, 2024 5:00 PM ET
Company Participants
Jeff Kvaal - VP of IR
Rene Haas - CEO
Jason Child - CFO
Conference Call Participants
Vivek Arya - Bank of America Securities
Lee Simpson - Morgan Stanley
Matt Ramsay - TD Cowen
Mark Lipacis - Evercore
Mehdi Hosseini - Susquehanna International Group
Vijay Rakesh - Mizuho
Charles Shi - Needham & Company
David O'Connor - BNP Paribas
Andrew Gardiner - Citi
Chris Caso - Wolfe Research
Operator
Good day and thank you for standing by. Welcome to the Arm First Quarter Fiscal Year 2025 Webcast and Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Jeff Kvaal, Vice-President of Investor Relations. Please go ahead, sir.
Jeff Kvaal
Thank you, and welcome to our earnings conference call for the first quarter of the fiscal year ending, March 31, 2025. On the call today are Rene Haas, Chief Executive Officer of Arm; and Jason Child, Arm's Chief Financial Officer.
During the call, Arm will discuss forecasts, targets and other forward-looking information regarding the company and its financial results. While these statements represent our best current judgment of future results and performance as of today, our actual results are subject to many risks and uncertainties that could cause actual results to differ materially.
In addition to any risks that we highlight during the call, important risk factors that may affect our future results and performance are described in our registration statement on Form 20-F filed with the SEC on, May 29, 2024. Arm assumes no obligation to update any forward-looking statements, which speak only as of the date they are made. We will refer to non-GAAP financial measures during the discussion. Reconciliation of certain of these non-GAAP financial measures to their most directly comparable GAAP financial measures as well as a discussion of certain projected non-GAAP financial measures that we are not able to reconcile without unreasonable efforts or supplemental financial information can be found in our shareholder letter. The shareholder letter and other earnings related materials are available on our website at investors.arm.com.
And with that, I'll turn the call over to Rene. Rene?
Rene Haas
Thank you, Jeff, and good afternoon, everyone.
I'm pleased to be able to give you an update on our most recent quarter. We had our fourth straight quarter of record results with 39% year-on-year revenue, which exceeded the high-end of the guidance. That was record license revenue, up 70% year-on-year, as companies continue to invest in Arm for AI everywhere. We also had strong royalty revenue, up 17% year-on-year, as the v9 adoption increases.