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ARM sees more double-digit growth in Q2 2013, takes big hit from patent litigation

Sharif Sakr
07.24.13
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This UK chip designer is accustomed to steep growth in demand for its Cortex mobile processors, and although we've seen hints that it faces new challenges ahead, for now it's mostly all gravy. Revenue in Q2 2013 soared 26 percent year-over-year to £171.2 million ($264.3 million), while profit before tax was up 30 percent £86.6 million (in "normalised" terms). Mobile devices remain the largest market for the company, but embedded devices (including wearables, Raspberry Pi and printers) is the fastest growing segment, expanding by 25 percent in the last year. The future continues to look rosy for ARM, with new Samsung Exynos 5 chipsets arriving based on ARM's Cortex-A15 and Cortex-A7 cores in big.LITTLE configurations.

The only hint of negativity in the earnings report was a huge expense of £41.8 million incurred by a patent attack from an unnamed "third party", which was probably MIPS (see More Coverage), and which contributed to a much lower IFRS profit of £15 million -- although this represents ARM's contribution to a "full and final settlement," which presumably means it's a one-off thing.

Source: ARM
Coverage: Bloomberg
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