$Arm(ARM.US) released its latest quarterly earnings report, showing

revenue growth of 4.7% to $844 million, higher than market expectations of $744 million;

EPS was $0.3, higher than market expectations of $0.21;

By business type,

royalty revenue grew 23% to $514 million, driven by the recovery of the smartphone market and stable demand for Armv9;

licensing and other revenue fell 15% to $330 million;

ARM stated that this was due to the impact of timing and scale on high-value licensing agreements, which is a normal fluctuation; meanwhile, demand for ARMV 9 and the CSS computing platform was higher than expected, further driving business growth;