ARM beats Q1 EPS estimates

ARM Q1 EPS $0.45 vs. est. $0.40; Q1 revs rose 22% Y/y to $1.29B vs. est. $1.27B; said demand for its chip designs continued to grow across artificial Intelligence infrastructure and data Centers; Q1 Royalty revenue rose 22% to $715M; sees Q2 EPS $0.41-$0.51 vs. est. $0.44 and revs $1.375B-$1.385B above consensus $1.34B; shares -1%