· Group revenues in US$ up 17% year-on-year (£ revenues up 24% year-on-year)

· Processor licensing revenue in US$ up 5% year-on-year

· Processor royalty revenue in US$ up 37% year-on-year

· Normalised PBT and EPS up 27% and 29% year-on-year respectively

Progress on key growth drivers in Q3

· Growth in adoption of ARM^® processor technology

o 38 processor licences signed for a broad range of applications, from sensors to smartphones to servers

· Maintained momentum in licensing of advanced technology, underpinning future royalty revenue growth

o 6 ARMv8-A processor licences signed, including two lead licences for future processors

o 6 Mali™ multimedia processor licences signed, including three licences for next-generation technology

o 1 POP IP licence signed for a next generation processor optimised for a 10nm FinFET process

· Growth in shipments of chips based on ARM technology

o 3.6 billion ARM-based chips shipped, up 20% year-on-year

o Strong year-on-year growth in royalty revenue due to increasing shipments of chips containing ARM’s latest technology, ARMv8-A, big.LITTLE and Mali graphics

o Continuing growth for chips going into embedded applications such as connected sensors, smart meters and secure smartcards

o New chips starting to ship into future growth markets including a major new shipper of chips into base station equipment.

Outlook

ARM enters the final quarter of 2015 with strong royalty momentum, as indicated by industry and customer data, and a healthy licensing pipeline. We expect group dollar revenues for the full-year to be in-line with market expectations. 

Simon Segars, Chief Executive Officer, said:

“Q3 has been another strong quarter for royalty revenue growth, driven by premium chip pricing and elevated royalty percentages from recently introduced ARMv8-A based chips. These new chips are now shipping in a wide range of devices including smartphones, enterprise equipment such as base stations and servers, and consumer electronics such as digital TVs. 

ARM technology is being deployed in an increasingly diverse range of products and markets, from the ubiquitous sensors that will form the Internet of Things, to energy-efficient smartphones, to high-performance servers. With the broadening adoption of ARM technology, we are continuing to invest in developing new products and revenue streams to support long-term growth and returns for shareholders."