Semiconductors

Conference Minutes

SSNGY

MSFT

NVDA

GOOG

GOOGL

TSLA

SFTBY

9984

SOBKY

AMZN

MSFL

MSFO

MSFD

MSFU

MSFX

MSFY

NVDL

07788

07388

The following are the minutes of the ARM FY2026 Q2 earnings call organized by Dolphin Research. For an interpretation of the earnings report, please refer to the article titled &#34;ARM: With SoftBank as a Backer, the 'Hot Commodity' in the AI Chain?&#34;.1. $Arm(ARM.US) Key Financial Data ReviewOverall Performance: Second-quarter revenue reached $1.14 billion, up 34% year-on-year, surpassing the $1 billion mark for three consecutive quarters.Segment Revenue: Royalty income (patent usage fees) hit a record high of $620 million, up 21% year-on-year, primarily driven by growth in all major markets including data centers, smartphones, automotive, and IoT...

Samsung Electronics 

Microsoft

NVIDIA

Alphabet - C

Alphabet

Tesla

SoftBank

SoftBank Group Corp.

Amazon

GraniteShares 2x Long MSFT Daily ETF

YieldMax MSFT Option Income Strategy ETF

Direxion Daily MSFT Bear 1x Shares

Direxion Daily MSFT Bull 2X Shares

T-Rex 2X Long Microsoft Daily Target ETF

Kurv Yield Premium Strategy Microsoft MSFT ETF

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

ARM (Minutes): All new computing power is based on Arm architecture

Financial Analysis

AAPL

AAPB

AAPD

AAPU

AAPX

AAPY

APLY

NVDY

ARM (ARM.O) released its financial report for the second quarter of fiscal year 2026 (ending September 2025) after the U.S. stock market closed on the morning of November 6, 2025, Beijing time. Key points are as follows: 1. Main Data: ARM achieved a revenue of $1.135 billion this quarter, a year-on-year increase of 34.5%, slightly better than market expectations ($1.059 billion). Of the $80 million quarter-on-quarter increase in revenue this quarter, half came from the licensing business and the other half from the royalty business, both of which grew this quarter. The company's gross margin was 97.4%, maintaining a high level above 97%...

Apple

Alpha Metallurgical Resources

C3.AI

Neogenomics

Virtus Diversified Income & Convertible Fund

GraniteShares 2x Long AAPL Daily ETF

Direxion Daily AAPL Bear 1x Shares

Direxion Daily AAPL Bull 2X Shares

T-Rex 2X Long Apple Daily Target ETF

Kurv Yield Premium Strategy Apple Aapl ETF

YieldMax AAPL Option Income Strategy ETF

YieldMax NVDA Option Income Strategy ETF

ARM: With SoftBank as a backer, a 'hot commodity' in the AI chain?

Today’s Key News Recap

QCOM

01880

SPOT

HOOD

UBER

DUOL

601888

TSDD

TSLL

TSLQ

09366

07766

07366

1105 ｜Dolphin Research Key Focus: 🐬 Macro/Industry 1. China has made adjustments to its tariff policy on the United States, announcing the suspension of the previously imposed 24% tariff rate on certain imported goods originating from the United States, while retaining the 10% additional tariff rate. The policy adjustment focuses on balancing trade costs and domestic demand, specifically covering a range of goods including machinery and electronic components. In the short term, the policy will alleviate market concerns about the 'escalation of the tariff war,' while in the long term, further adjustments to tariffs will need to be assessed based on the progress of Sino-US economic and trade negotiations...

AppLovin

Unity Software

Qualcomm

CTG DUTY-FREE

Taiwan Semiconductor

Spotify

Robinhood

Uber Tech

Duolingo

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

XI2CSOPTSLA

Elon Musk reveals new information about Tesla AI5; CDF plans its first interim dividend | Today's Important News Recap

03690

AVGO

ASML

09988

09866

09618

OpenAI

DXYZ

MPNGY

83690

89988

BABA

89618

HMTD

HBBD

HJDD

1014 | Dolphin Research Focus: 🐬 Stocks 1, $NIO-SW(09866.HK) Nio has reached a strategic cooperation with Amap Enterprise Car Service, integrating its AI-driven corporate travel solutions. Through AI scheduling algorithms, it reduces employee business travel costs by 15%. This collaboration is a typical practice of technology empowering refined corporate management—AI technology not only directly cuts travel costs but also enhances management efficiency through process optimization and risk control, injecting positive expectations into Nio's financial health...

MEITUAN

Broadcom

BABA-W

NIO-SW

JD-SW

Destiny Tech100

Meituan

MEITUAN-WR

BABA-WR

Alibaba

NIO Inc. USD OV

JD-SWR

JD.com

Meituan HK SDR 5to1

Alibaba HK SDR 5to1

JD HK SDR 10to1

OpenAI is collaborating with Arm for the development of Broadcom AI chips; 'Qixian Xiaochu' joins Meituan and Flash Delivery | Today's Important News Recap

INTC

02150

01364

02097

NVDD

04335

1010 | Dolphin Research Key Focus: 🐬 Macro/Industry 1. Amid overall market volatility, the tea beverage sector rose against the trend today, primarily due to the overlap of the Mid-Autumn Festival and National Day in 2025. Holiday travel and gathering scenarios have significantly boosted customer traffic in new tea beverage stores, raising market expectations for short-term revenue recovery of brands. Nayuki, Gu Ming, and Mixue all saw increases today. 🐬 Individual Stocks 1. $Intel(INTC.US) Intel disclosed details of the Panther Lake architecture for the first time, confirming the use of RibbonFET transistors and backside power delivery design, with mass production expected in the second half of 2026...

Salesforce

Intel

SAP AG-Sponsored

NAYUKI

GUMING

MIXUE GROUP

Direxion Daily NVDA Bear 1X ETF

INTEL-T

Tea Stocks Rise Against Trend; SoftBank Said to Pledge Arm for $500M OpenAI Investment | Today's Important News Recap

0911 | Dolphin Research Key Focus: 🐬 Macro/Industry 1. It is reported that the Trump administration is considering imposing strict restrictions on pharmaceuticals from China. If implemented, these restrictions could disrupt the U.S. pharmaceutical industry and the supply of all drugs, from generics to cutting-edge therapies. Today, the Hong Kong stock market's pharmaceutical sector was hit across the board. 2. The U.S. August PPI month-on-month was -0.1%, turning negative for the first time in four months, with a year-on-year growth rate of 2.6% below expectations. The decline in service costs offset the tariff-driven increase in commodity prices, significantly easing inflationary pressures on the production side. After the data release...

Alibaba plans to issue $3.2 billion in zero-coupon convertible bonds; Meituan considers debuting Dim Sum bonds | Today's Important News Recap

The following is the earnings call minutes for ARM's fiscal year 2026 first quarter, organized by Dolphin Research. For an interpretation of the earnings report, please refer to &#34;ARM: 'Chip Tax' Holds the Fort, but Are Orders 'A Bit Cold' Amidst Spending?&#34; 1. $Arm(ARM.US) Key Financial Information Review a. Key Business Progress a. CSS: Completed the first three upgrades of existing customers to the next-generation platform. The next-generation CSS platform offers better value, functionality, and faster market entry, with royalty rates reaching a historical high, laying the foundation for further investment...

ARM (Minutes): The company is evaluating the feasibility of entering the 'physical chip' market.

ARM (ARM.O) released its financial report for the first quarter of fiscal year 2026 (ending June 2025) after the U.S. stock market closed on the morning of July 31, 2025, Beijing time. The key points are as follows: 1. Main data: $Arm(ARM.US) achieved revenue of $1.053 billion this quarter, an increase of 12.1% year-on-year, close to market expectations ($1.059 billion). The growth rate of the royalty business reached 25%, which is the main source of the company's revenue growth, while the licensing business declined. The company's gross profit margin was 97.2%, continuing to maintain at a high level...

ARM: With the “Chip Tax” Boosting the Scene, Even Money-Soaked Orders Are “A Little Cold”

ARM Quick Interpretation: The company's revenue and gross margin are close to market expectations, but there is a significant decline in profits mainly due to a substantial increase in R&amp;D expenses as the company has increased its investment in next-generation technology development.Looking at specific business segments:① This quarter's license business revenue was $468 million, showing a decline both year-on-year and quarter-on-quarter. Last quarter, the company recognized approximately $250 million in agreement revenue from the Malaysian government. Although last year also had a relatively high base, the decline is still not a good performance;② This quarter's royalty business revenue was $585 million, with a year-on-year growth rate of 25%, mainly driven by demand from AI-driven smartphones, data centers, automotive, IoT, and other terminal markets. Among them, the market share of Neoverse chips in hyperscale data centers is expected to reach nearly 50% this year.Compared to the current performance, the market is more concerned with the company's guidance, annual contract value, and order backlog. Although the company's annual contract value reached $1.53 billion, with a growth rate significantly higher than the company's mid-to-high growth target, the company's guidance and order backlog are relatively flat, especially the remaining unfulfilled orders, which have almost no growth quarter-on-quarter.The current high valuation given to the company by the market is mainly based on the expectation that the company will digest the high valuation through performance growth. However, the current slowdown in revenue growth and the substantial increase in R&amp;D investment will undoubtedly put pressure on the profit side again.Although AI demand has a substantial pull on the company, the high valuation also requires the company to continuously deliver outstanding performance to support it. For more detailed information, please continue to follow Dolphin Research's subsequent detailed comments and minutes. $Arm(ARM.US)

ARM (ARM.O) released its Q4 FY2025 earnings report (as of March 2025) in the US after-hours trading session on May 8, 2025, Beijing time. Below is the earnings call Minutes for ARM's Q4 FY2025. For the Quick Interpretation of the earnings report, please refer to《ARM: Guidance Warning &#34;Pours Cold Water&#34;, Valuation Bubble About to Burst?》I. $Arm(ARM.US) Key Earnings Highlights Review1. Revenue Performance: Q4 total revenue reached $1.24 billion, at the upper end of the guidance range. Full-year revenue exceeded $4 billion...

ARM (Minutes): Tariffs have no direct impact on the company

William Blair Maintains Buy Rating on ARM Holdings PLC ADR

Arm Demonstrates AI Innovation at NeurIPS Conference

Arm Predicts 50% of Computing Will Be Delivered by Arm-Based Data Centers by 2025