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Glonghui, May 14 – According to a report published by CICC, Arm, the UK-based chip designer under SoftBank, recorded revenue of $1.49 billion for the fiscal quarter ending in late March, representing a year-on-year and quarter-on-quarter increase of 20%. Non-GAAP net profit was $641 million, with earnings per share of $0.60, up 9.5% year-on-year and 39.5% quarter-on-quarter, surpassing the bank’s expectations, mainly due to a slight quarterly decline in R&D expenses.Due to Arm’s increased investment in R&D as it introduces the new AGI CPU chip design business, CICC has lowered its adjusted net profit forecast for fiscal year 2027 by 10%, to $2.22 billion, and expects adjusted net profit for fiscal year 2028 to rise 45% year-on-year to $3.21 billion. The bank maintains its “Neutral” rating for Arm, taking into consideration that AGI CPU clients are expected to begin large-scale shipments in fiscal year 2029. Combined with the company’s high visibility on orders for the following four years up to fiscal year 2031, the bank has shifted its valuation window to fiscal year 2029. Based on a P/E multiple of 55 for fiscal year 2029, the target price is raised by 49.3% to $203.

Monthly revenue has now reached the level of several hundred million yuan. After 2026, Alibaba Cloud will consider Token revenue as a core business indicator. In early April this year, Alibaba Cloud set a short-term Token revenue growth target. Specifically, by May 15, the average daily Token revenue should be five times higher than it was at the beginning of April. In other words, Alibaba Cloud aimed to achieve this target within two months. Currently, this goal has already been met. The reporter contacted Alibaba Cloud for comment, but Alibaba Cloud did not respond to the above information.

① 14:00 (UTC+8) UK Q1 GDP annualized preliminary value