Arm Holdings' total revenue for the first quarter was $1.05 billion.

Arm Holdings reported total revenue of $1.05 billion in the first quarter, meeting analyst expectations. The adjusted gross profit margin for the first quarter was 97.9%, also in line with analyst expectations. Revenue is expected to be between $1.01 billion and $1.11 billion in the second quarter, with analysts predicting $1.06 billion. Arm Holdings stock dropped 6.01% after hours.