04:44 PM EST, 11/06/2024 (MT Newswires) -- Arm Holdings ( ARM ) reported fiscal Q2 non-GAAP earnings late Wednesday of $0.30 per diluted share, down from $0.36 a year earlier.

Analysts polled by Capital IQ expected $0.26.

Revenue in the three months ended Sept. 30 rose to $844 million from $806 million a year earlier.

Analysts surveyed by Capital IQ expected $809.8 million.

For fiscal Q3, the company expects non-GAAP diluted EPS in the range of $0.32 to $0.36 on revenue of $920 million to $970 million. Analysts forecast normalized EPS of $0.34 on revenue of $950.1 million.

For fiscal 2025, Arm still expects non-GAAP diluted EPS of $1.45 to $1.65 on revenue of $3.8 billion to $4.1 billion. Analysts project normalized EPS of $1.56 on revenue of $3.97 billion.

Arm stock fell 3.7% in after-hours trading.

Price: 139.27, Change: -5.41, Percent Change: -3.74