Arm Holdings is trading 3.8% down at $184.47 in after-hours trading after royalty revenue missed analysts’ estimates.

  • Fiscal Q2 revenue beat expectations at $1.44 billion; royalties were $670 million versus the $720.8 million estimate, while licensing revenue reached $773 million.
  • Q3 revenue guidance of $1.54 billion was slightly above the $1.53 billion consensus. Shares also fell 5.28% in regular trading as broader indices rose.