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Arm Holdings plc (ARM) perpetual futures
ARM perpetual futures on 23 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade ARMUSDT.
Arm Holdings plc designs and licenses CPU cores and related technologies for semiconductor and OEM products across industries.
$185.06-7.6%NASDAQ open
Price chart
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TradingView symbol NASDAQ:ARM
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Trading data
Perpetual market activity
23/23 live markets
Trading data
Perpetual market activity
Venues
23
Live markets
23/23
24h volume
$42MCoverage: 19/23 marketsExchange-reported volume: $151.1M
Open interest
$13.6MCoverage: 20/23 markets
Best liquidity
$2.2M
LBank
Tightest spread
+0.5 bps
Bitunix
Highest volume
$14.8M
Binance
Settlement mix
USDT · 17/23
Perp/spot vol.
0.06x
Spot volume $730.3M
OI / float
+0.01%
Float $197.3B
Spot performance
1D-1.76%
5D+12.72%
1M-21.77%
6M-9.69%
YTD+82.76%
1Y+42.38%
Venue matrix
23 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | ARM/USDT | Trading | $184.97 | 0.0% APR 0.000% every 8h | +1.1 bps | - | $14.8M | $3.3M | USDT | - | |
 Bitget | Trade | ARM/USDT | Trading | $184.99 | 0.0% APR 0.000% every 8h | +4.9 bps | $1.6M | $3M | $1M | USDT | 20x | |
 OKX | Trade | ARM/USDT | Trading | $184.97 | 0.0% APR 0.000% every 8h | +2.7 bps | $696.2K | $2.9M | $1.2M | USDT | 20x | |
 Hyperliquid HIP-3 | Trade | xyz:ARM | Trading | $184.83 | +6.2% APR +0.00070% every 1h | +4.3 bps | - | $2.8M | $3.7M | USDC | 10x | |
 Gate.io | Trade | ARM/USDT | Trading | $184.99 | 0.0% APR 0.000% every 8h | +13.0 bps | $295.1K | $1.5M | $493.2K | USDT | 50x | |
 Bybit | Trade | ARM/USDT | Trading | $185.02 | 0.0% APR 0.000% every 8h | +7.0 bps | $201.9K | $1.4M | $672.7K | USDT | 25x | |
 Ondo Perps | Trade | ARM/USD | Trading | $184.68 | - | +19.5 bps | $69.9K | $1.2M | $317.7K | USDC | 10x | |
 KuCoin | Trade | ARM/USDT | Trading | $185.14 | +20.9% APR +0.019% every 8h | +16.8 bps | $12.7K | $1.2M | $1.8M | USDT | 20x | |
 MEXC | Trade | ARM/USDT | Trading | $184.99 | 0.0% APR 0.000% every 8h | +10.8 bps | $406.4K | $327.3K | $470K | USDT | 100x | |
 Bitunix | Trade | ARM/USDT | Trading | $185.26 | +3.0% APR +0.00275% every 8h | +0.5 bps | $1.7M | $255.9K | $15.4K | USDT | 20x | |
 Deribit | Trade | ARM/USDC | Trading | $184.69 | -2.9% APR -0.00266% every 8h | +4.9 bps | $445.3K | $208.3K | $222.4K | USDC | 10x | |
 GRVT | Trade | ARM/USDT | Trading | $184.96 | 0.0% APR 0.000% every 8h | +9.2 bps | $497.3K | $149.7K | $906.3 | USDT | - | |
 BloFin | Trade | ARM/USDT | Trading | $184.98 | -1.1% APR -0.00100% every 8h | +4.3 bps | - | $59.4K | $93.3K | USDT | 20x | |
 Extended | Trade | ARM/USD | Trading | $184.79 | 0.0% APR 0.000% every 1h | +5.4 bps | - | $14.3K | $2.6K | USD | 10x | |
 Aster | Trade | ARMUSDT | Trading | $184.93 | 0.0% APR 0.000% every 8h | +18.4 bps | $42.5K | $13.6K | $27.7K | USDT | - | |
 Crypto.com Exchange | Trade | ARM/USD | Trading | $184.72 | +10.8% APR +0.00123% every 1h | +24.9 bps | $6.6K | $12.2K | $4.7K | USD | 50x | |
 HTX | Trade | ARM/USDT | Trading | $185.73 | 0.0% APR 0.000% every 8h | +11.9 bps | $99.1K | $9.1K | $10.2K | USDT | - | |
 Vest | Trade | ARM/USDC | Trading | $184.62 | +5.0% APR +0.00057% every 1h | +9.8 bps | - | - | - | USDC | 10x | |
 XT.com | Trade | ARM/USDT | Trading | $185.00 | +11.0% APR +0.010% every 8h | +3.8 bps | $192.3K | $10.4M | - | USDT | 20x | |
 BingX | Trade | ARM-USDT | Trading | $185.02 | +5.5% APR +0.00500% every 8h | +4.3 bps | $1.5M | $1.9M | - | USDT | - | |
 Deepcoin | Trade | ARM/USDT | Trading | $184.96 | -11.0% APR -0.010% every 8h | +3.3 bps | $672.2K | $96.4M⚠ | $31.3K | USDT | 25x | |
 Ourbit | Trade | ARM/USDT | Trading | $185.06 | 0.0% APR 0.000% every 8h | +3.2 bps | $1.7M | $8.2M⚠ | $144.2K | USDT | 100x | |
 LBank | Trade | ARM/USDT | Trading | $185.06 | 0.0% APR 0.000% every 8h | +3.8 bps | $2.2M | $4.5M⚠ | $16.4K | USDT | 50x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| ARMBbStocks | $184.38 | -0.37% | $1.3M | $1.4M | BNB Smart Chain (BEP20) |
| ARMonOndo GM | $185.03 | -0.02% | $1.2M | $2.1M | Ethereum · BNB Smart Chain (BEP20) · Solana |
| ARMTokenized | $199.12 | +7.60% | $70k | – | – |
| rARMTokenized | $190.50 | +2.94% | $18k | $188k | Arbitrum |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 19 of 23 venues absorb $10k · Typical cost: +8.5 bps – +12.8 bps
Too thin: KuCoin, Crypto.com Exchange
No fresh book data: Extended, Vest
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
ARMTightest spread
ARMHighest volume
ARMFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2027-02-03
Revenue est. $1.54B · Updated 5h ago
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
NASDAQ
Extended-hours reference
Bid184.25
Ask185
Volume1,758,759
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 20272.24$6.1B+25%18
FY 20283.04$8.4B+37%24
FY 20293.99$11.1B+32%11
FY 20306.26$17.2B+54%11
FY 203110.72$28.9B+68%18
Q2 20270.60$1.7B+19%8
Source: FMP · Consensus
Company events
62027-02-03EarningsActual - / Estimate 0.56-
2026-11-04Earnings · After market closeActual 0.52 / Estimate 0.48Beat
2026-07-29EarningsActual 0.45 / Estimate 0.4Beat
2026-05-06EarningsActual 0.6 / Estimate 0.58Beat
2026-02-04EarningsActual 0.43 / Estimate 0.41Beat
2025-11-05EarningsActual 0.39 / Estimate 0.329Beat
Peer comparison
Similar listed perpsRevenue mix
Latest annualRoyaltyProduct$2.6B
License And Other RevenueProduct$2.3B
UNITED STATESGeographic$1.8B
CHINAGeographic$874M
JAPANGeographic$825M
Analysts
Price targets in USD| Consensus rating | Buy |
|---|---|
| Average 12-month price target | $331.73 |
| 12-month target range (low – high) | $160 – $641 |
| Ratings in the provider's consensus | 28 |
Price targets as of 2026-11-12
Analyst rating history
Ratings| Month | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| Nov 2026 | 8 | 20 | 14 | 1 | 1 |
| Oct 2026 | 8 | 21 | 14 | 2 | 1 |
| Sep 2026 | 8 | 21 | 13 | 2 | 1 |
| Aug 2026 | 7 | 21 | 13 | 1 | 1 |
| Jul 2026 | 7 | 20 | 12 | 2 | 1 |
| Jun 2026 | 7 | 22 | 11 | 2 | 0 |
| May 2026 | 7 | 21 | 10 | 2 | 1 |
| Apr 2026 | 8 | 20 | 11 | 1 | 1 |
| Mar 2026 | 8 | 20 | 12 | 2 | 1 |
| Feb 2026 | 6 | 20 | 13 | 3 | 1 |
| Jan 2026 | 6 | 19 | 14 | 4 | 1 |
| Dec 2025 | 5 | 16 | 15 | 4 | 0 |
Ownership
Institutional · 2026-Q3Free float99.6%1.1B shares
Shares outstanding1.1B shares
Institutional3.4%672 investors
Investor count change-391
Reference market activity
ARM-PERPDay range (Nov 12)$190$204.77
52 week$100.02$452.7
Spot volume3.9M
Average volume-
Price performance
111D-1.8%
5D+12.7%
1M-21.8%
3M-28.3%
6M-9.7%
YTD+82.8%
1Y+42.4%
3Y+286.5%
5Y+228.9%
10Y+228.9%
MAX+228.9%
Insider activity
FY2026 Q3Acquisitions5 transactions444,033 shares
Dispositions6 transactions32,909 shares
Purchases0Ratio 0.83
Sales2
Insider transactions
25DateReporting persontransactionssharesPriceFilings
Arm Holdings CFO Jason Child sold 10,400 ordinary shares at $300 each on 2026-09-21, leaving 153,442 shares owned.
Arm Holdings officer William Abbey received a grant of 17,288 restricted stock units on Sep 14, 2026, at $0.00, leaving 65,270 units owned after the transaction.
Arm Holdings CEO Rene A. Haas received an award of 425,000 restricted stock units and 64 ordinary shares at $108.33 under Form 4 filings (A-Award grants, not open-market purchases).
On 2026-08-27, CFO Jason Child sold 10,400 ordinary shares at $255.33 each, retaining 163,832 shares.
Chief Accounting Officer Laura Kathleen Bartels converted 1,681 RSUs into 1,681 ordinary shares and had 856 shares withheld for taxes at $271.43 on August 17, 2026.
Director Sine Jeffrey gifted 9,572 ordinary shares of Arm Holdings plc, according to a Form 4 filing.
Arm Holdings Chief Accounting Officer Laura Kathleen Bartels sold 11,306 ordinary shares on 2026-06-02 at $392.70 per share, leaving 12,135 shares owned afterward.
William Abbey, Chief Commercial Officer of Arm Holdings, sold 4,200 Ordinary Shares on 2026-05-28 at $343.81 per share, leaving 27,129 shares owned afterward.
William Abbey, Chief Commercial Officer of Arm Holdings, sold 2,300 ordinary shares at $305.82 on 2026-05-22, leaving 31,329 shares owned afterward.
William Abbey, Chief Commercial Officer of Arm Holdings, sold 4,655 Ordinary Shares on 2026-05-21 at $287.03 per share, leaving 33,629 shares owned afterward.
Charlotte Claire Eaton, Chief People Officer of Arm Holdings, sold 7,805 ordinary shares on the open market on 2026-05-21 at prices between $288.10 and $291.08, leaving no shares owned afterward.
Arm Holdings' Chief Legal Officer Spencer Collins sold 40,941 ordinary shares at $215 on 2026-05-19, leaving 0 shares owned afterward.
William Abbey, Chief Commercial Officer of Arm Holdings, sold 15,956 ordinary shares in 2 transactions on May 19-20, 2026 at prices between $224.14 and $257.18, leaving 38,284 shares owned afterward.
Arm Holdings CFO Jason Child sold 31,920 ordinary shares on 2026-05-20 at $226.54 per share, leaving 174,232 shares owned afterward.
Charlotte Claire Eaton, Arm Holdings' Chief People Officer, sold 7,100 ordinary shares in two open-market transactions on 5/20-5/21/2026 at prices between $252.25 and $282.77, leaving 7,805 shares owned afterward.
Arm Holdings officer Bartels Laura Kathleen received a grant of 69,570 restricted stock units and had 3,588 restricted stock units withheld upon vesting, both on 2026-05-15.
Filings
49 · Latest SEC filings2026-09-234Insider transaction report (Form 4)
Arm Holdings CFO Jason Child sold 10,400 ordinary shares at $300 each on 2026-09-21, leaving 153,442 shares owned.
2026-09-164Insider transaction report (Form 4)
Arm Holdings officer William Abbey received a grant of 17,288 restricted stock units on Sep 14, 2026, at $0.00, leaving 65,270 units owned after the transaction.
2026-09-104Insider transaction report (Form 4)
Arm Holdings CEO Rene A. Haas received an award of 425,000 restricted stock units and 64 ordinary shares at $108.33 under Form 4 filings (A-Award grants, not open-market purchases).
2026-08-314Insider transaction report (Form 4)
On 2026-08-27, CFO Jason Child sold 10,400 ordinary shares at $255.33 each, retaining 163,832 shares.
2026-08-184Insider transaction report (Form 4)
Chief Accounting Officer Laura Kathleen Bartels converted 1,681 RSUs into 1,681 ordinary shares and had 856 shares withheld for taxes at $271.43 on August 17, 2026.
2026-08-114Insider transaction report (Form 4)
Director Sine Jeffrey gifted 9,572 ordinary shares of Arm Holdings plc, according to a Form 4 filing.
2026-06-044Insider transaction report (Form 4)
Arm Holdings Chief Accounting Officer Laura Kathleen Bartels sold 11,306 ordinary shares on 2026-06-02 at $392.70 per share, leaving 12,135 shares owned afterward.
2026-06-014Insider transaction report (Form 4)
William Abbey, Chief Commercial Officer of Arm Holdings, sold 4,200 Ordinary Shares on 2026-05-28 at $343.81 per share, leaving 27,129 shares owned afterward.
2026-05-264Insider transaction report (Form 4)
William Abbey, Chief Commercial Officer of Arm Holdings, sold 2,300 ordinary shares at $305.82 on 2026-05-22, leaving 31,329 shares owned afterward.
2026-05-224Insider transaction report (Form 4)
William Abbey, Chief Commercial Officer of Arm Holdings, sold 4,655 Ordinary Shares on 2026-05-21 at $287.03 per share, leaving 33,629 shares owned afterward.
2026-05-224Insider transaction report (Form 4)
Charlotte Claire Eaton, Chief People Officer of Arm Holdings, sold 7,805 ordinary shares on the open market on 2026-05-21 at prices between $288.10 and $291.08, leaving no shares owned afterward.
2026-05-214Insider transaction report (Form 4)
Arm Holdings' Chief Legal Officer Spencer Collins sold 40,941 ordinary shares at $215 on 2026-05-19, leaving 0 shares owned afterward.
2026-05-214Insider transaction report (Form 4)
William Abbey, Chief Commercial Officer of Arm Holdings, sold 15,956 ordinary shares in 2 transactions on May 19-20, 2026 at prices between $224.14 and $257.18, leaving 38,284 shares owned afterward.
2026-05-214Insider transaction report (Form 4)
Charlotte Claire Eaton, Arm Holdings' Chief People Officer, sold 7,100 ordinary shares in two open-market transactions on 5/20-5/21/2026 at prices between $252.25 and $282.77, leaving 7,805 shares owned afterward.
2026-05-214Insider transaction report (Form 4)
Arm Holdings CFO Jason Child sold 31,920 ordinary shares on 2026-05-20 at $226.54 per share, leaving 174,232 shares owned afterward.
2026-05-194Insider transaction report (Form 4)
Director Young Sohn converted 2,141 RSUs into 2,141 ordinary shares, with 429 shares withheld for taxes at $209.16, and received 1,531 new RSUs.
2026-05-194Insider transaction report (Form 4)
Director Karen E. Dykstra was awarded 1,531 restricted stock units (RSUs) at no cost on May 15, 2026, increasing her holdings to 5,802 shares.
2026-05-194Insider transaction report (Form 4)
Officer Abbey William reported 8,200 RSUs converted into ordinary shares, 23,310 shares awarded, 15,317 shares withheld for tax, and 10,154 shares sold.
2026-05-194Insider transaction report (Form 4)
Director Paul E. Jacobs converted 2,141 RSUs into 2,141 ordinary shares, and separately received a new award of 1,531 RSUs.
2026-05-194Insider transaction report (Form 4)
Arm Holdings director Sine Jeffrey: 2,141 RSUs converted into 2,141 ordinary shares; 1,531 new RSUs awarded.
2026-05-194Insider transaction report (Form 4)
Director Rosemary Schooler converted 2,141 RSUs into ordinary shares (M-Exempt) and received an award of 1,531 RSUs on 2026-05-15.
2026-05-194Insider transaction report (Form 4)
Director Ronald D. Fisher received an award of 1,531 restricted stock units (RSUs) at no cost, increasing his total RSU holdings to 5,802 shares.
2026-05-194Insider transaction report (Form 4)
Chief Architect Richard Grisenthwaite was awarded 41,433 RSUs and 22,690 ordinary shares as compensation, converted 22,624 RSUs into 22,624 ordinary shares, had 21,301 shares withheld for taxes at $209.16, and sold 24,339 ordinary shares at $209.15.
2026-05-194Insider transaction report (Form 4)
Arm's Chief Legal Officer received awards of 15,716 RSUs and 69,117 ordinary shares, converted 8,134 RSUs into 8,134 ordinary shares, and had 36,310 ordinary shares withheld for taxes at $209.16 per share.
2026-05-194Insider transaction report (Form 4)
Arm Holdings Chief People Officer Charlotte Claire Eaton received RSU and share awards totaling 13,656 shares as compensation, converted 2,200 RSUs into 2,200 ordinary shares, and had 3,672 ordinary shares withheld for taxes at $209.16 each.
2026-05-194Insider transaction report (Form 4)
Arm Holdings officer Bartels Laura Kathleen received a grant of 69,570 restricted stock units and had 3,588 restricted stock units withheld upon vesting, both on 2026-05-15.
2026-05-194Insider transaction report (Form 4)
CEO Rene Haas received 265,643 Ordinary Shares through stock awards (grants), and 143,316 shares were withheld to cover taxes at $209.16 per share.
2026-05-194Insider transaction report (Form 4)
Arm Holdings CFO Jason Child received 81,359 ordinary shares and 14,842 RSUs as compensation awards, converted 9,317 RSUs into an equal number of ordinary shares, and had 37,950 shares withheld to cover taxes at $209.16 each.
2026-05-134Insider transaction report (Form 4)
Chief Legal Officer Spencer sold 51,961 ordinary shares on 2026-05-11 at prices from $207.77 to $214.41, reducing ownership to 0.
2026-04-234Insider transaction report (Form 4)
Arm Holdings CFO Jason Child sold 21,280 ordinary shares in an open-market transaction on April 22, 2026, at $180 each, holding 153,426 shares afterward.
Transcripts
Earnings callsFY2027 Q12026-07-29
Earnings calls
AI summary
positiveArm Holdings delivered record first quarter fiscal 2027 results with total revenue of $1.29 billion, up 22% year-over-year, driven by record licensing and royalty revenue. Royalty revenue reached $715 million (up 22% YoY) and licensing revenue grew 23% to $574 million. The company's Neoverse business continues to accelerate in the data center, with shipments surpassing 1.5 billion cores, fueled by major hyperscalers including NVIDIA, Google, AWS, and Microsoft deploying Arm-based CPUs for AI infrastructure. The new Arm AGI CPU business, launched in March, has gained significant traction with demand now exceeding $2 billion and the company securing manufacturing capacity to support initial $1 billion opportunity. Management increased confidence in exceeding the $1 billion AGI CPU target within the next 90 days. Non-GAAP operating margin expanded to 41%, and the company generated $665 million in free cash flow during the quarter. For Q2, Arm guides revenue of $1.38 billion (plus or minus $50 million) with license revenue expected up 30% YoY and royalty revenue up in the low teens YoY, reflecting smartphone market weakness partially offset by cloud AI strength.
Key takeaways
- Record Q1 revenue of $1.29 billion up 22% YoY with record licensing and royalty revenue driven by AI data center adoption
- Arm Neoverse cores surpassed 1.5 billion shipments with major hyperscalers including NVIDIA Vera, Google Axion, AWS Graviton5, and Microsoft Azure Cobalt deploying Arm-based CPUs for AI infrastructure
- Arm AGI CPU business demand now exceeds $2 billion with secured manufacturing capacity to support initial $1 billion opportunity and increased confidence in achieving more than $1 billion in FY2027-FY2028
- Non-GAAP operating margin expanded 200 basis points to 41% with non-GAAP EPS increasing 29% to $0.45, above guidance, and free cash flow generation of $665 million in Q1
Financial highlights
- Total revenue $1.29 billion, up 22% YoY
- Royalty revenue $715 million, up 22% YoY
- Licensing revenue $574 million, up 23% YoY; SoftBank agreement contributed $193 million with quarterly run rate expected around $200 million for remainder of year
- Non-GAAP operating margin 41%, up 200 basis points YoY; non-GAAP EPS $0.45, up 29% YoY; free cash flow $665 million in Q1 and $1.4 billion trailing twelve months
Guidance
- Q2 revenue guidance of $1.38 billion plus or minus $50 million, representing approximately 22% YoY growth
- Q2 license and other revenue expected up about 30% YoY; royalty revenue expected up in low teens YoY
- Non-GAAP operating expense expected approximately $780 million in Q2
- Non-GAAP EPS guidance of $0.47 plus or minus $0.04 for Q2
Q&A themes
- Arm AGI CPU supply chain confidence increased over 90 days across wafers, substrates, test capacity, and memory; no single point of failure identified for meeting supply targets
- Smartphone market weakness from elevated memory costs and BOM inflation being partially offset by cloud AI over-performance; initial expectations adjusted from 20% to high teens royalty growth for FY2027
- Arm AGI CPU applicable across three market segments: traditional servers, head nodes, and agentic applications, with customers including Meta, Cloudflare, Oracle, and others
- Management expects to break out silicon revenue separately once it reaches 10% of total revenue, anticipated in FY2028 based on current forecasts
Risks
- Smartphone market experiencing incremental weakness from elevated memory costs affecting multiple tiers including upper and mid-tier devices, with recovery expected in back half of year
- Supply chain remains very tight across multiple components including wafers, substrates, test capacity, and memory, constraining ability to meet demand exceeding $2 billion; supply chain expansion expected in FY2029-FY2030
- Arm AGI CPU faces competition from proprietary accelerators offered by major players like NVIDIA, Google, and Amazon, though Arm positioning as flexible CPU option compatible with various accelerator platforms including NVLink Fusion
FY2026 Q42026-05-06
Earnings calls
AI summary
positiveArm achieved record quarterly and annual results driven by 29% licensing revenue growth and 11% royalty growth, particularly in cloud AI where data center royalties more than doubled year-over-year. The company launched the Arm AGI CPU for agentic AI workloads with customer demand already exceeding $2 billion across fiscal 2027-2028, more than double initial projections. Strong ecosystem support from over 50 partners and announced design wins with major customers including SAP, Cloudflare, and infrastructure providers position Arm to capture significant share of the expanding data center CPU market.
Key takeaways
- Record Q4 revenue of $1.49B (+20% YoY) and FY2026 revenue of $4.92B (+23% YoY) represent third consecutive year of 20%+ growth since going public
- Data center royalty revenue more than doubled year-over-year driven by Arm-based server chips from hyperscalers (AWS, Google, Microsoft) and DPU/SmartNIC deployments with ~100% market share
- Arm AGI CPU demand reached $2B+ across FY2027-FY2028 (doubled from launch forecast), with first production revenues expected Q4 FY2027; on track for $15B AGI CPU revenue by FY2031
- Over 50 leading companies supporting the AGI CPU expansion, with strategic partnerships from Meta (co-developer), SAP, Cloudflare, F5, SK Telecom, NVIDIA (Vera), Google (Axion), and AWS (Graviton)
- Licensed $2.31B in FY2026 (+25% YoY); ACV grew 22% YoY; non-GAAP operating margin improved to 49% with record non-GAAP EPS of $1.77 for full year
Financial highlights
- Q4 FY2026 revenue: $1.49B (+20% YoY); Licensing revenue $819M (+29% YoY); Royalty revenue $671M (+11% YoY)
- FY2026 total revenue: $4.92B (+23% YoY); Licensing revenue $2.31B (+25% YoY); Royalty revenue $2.61B (+21% YoY)
- Non-GAAP EPS: Q4 $0.60, FY2026 $1.77 (both records); Non-GAAP operating margin 49%; Non-GAAP operating expenses $734M (+30% YoY)
- Q1 FY2027 guidance: Revenue $1.26B +/- $50M (~20% YoY growth); Non-GAAP EPS $0.40 +/- $0.04; Non-GAAP OpEx ~$760M
Guidance
- Q1 FY2027: Revenue growth ~20% YoY with royalty and licensing both expected to grow ~20% YoY
- FY2027: Royalty growth expected ~20% throughout the year; License revenue expected to be back-end weighted (~60% H2 vs 40% H1)
- FY2027: OpEx growth sequential each quarter by few percent; incremental margin improvement expected with OpEx growing less than revenue by year-end
- By FY2031: Project $15B AGI CPU revenue and $10B IP revenue for $25B total; expect incremental earnings power exceeding $9 EPS; AGI CPU operating margin ~35%, IP business ~65% EBITDA margin
Q&A themes
- AGI CPU demand doubled to $2B+ in 6 weeks post-launch from combination of existing Arm customers increasing forecasts and new customers ready to deploy; securing supply chain capacity (wafers, memory, packaging, test) to support demand above initial $1B guidance
- Data center royalty expected to double year-over-year again in FY2027 driven by accelerating ramp of Arm-based server chips and DPU/SmartNIC deployments; consumer/smartphone royalties facing market headwinds but offset by cloud AI strength
- All major IP licensees (AWS, Microsoft, Google, NVIDIA) providing explicit support for AGI CPU strategy; ecosystem validated by 50+ partner endorsements and customer demand demonstrating no cannibalization of IP business
- CPU-to-GPU ratio likely to shift on core count basis (AGI CPU 136 cores, Vera 88 cores, potential for 256-512 core designs) rather than chip count; infrastructure requiring dedicated orchestration racks (e.g., NVIDIA's 256-core Vera rack) creating additional CPU demand
Risks
- Supply chain constraints for AGI CPU (wafers, memory, packaging, test equipment) limiting revenue to $1B guidance despite $2B+ customer demand; company actively working to secure additional capacity
- Smartphone/consumer market showing flat to negative growth with weakness in lower-end segments; mobile unit growth potentially negative in latest quarter creating royalty headwind despite offset from cloud AI
- Aggressive R&D spending and OpEx growth (up 30% YoY) to support new product lines and customer support requirements; sustaining incremental margin expansion depends on revenue growing faster than operating expenses
FY2026 Q32026-02-04
Earnings calls
AI summary
positiveArm achieved record quarterly revenue of $1.24B with royalty revenue hitting $737M, marking the fourth consecutive billion-dollar quarter. Data center royalties doubled year-over-year, while smartphone royalties grew driven by higher rates from CSS and v9 adoption. The company expects data center to become larger than mobile within a few years and is well-positioned for continued growth across edge, physical, and cloud AI applications.
Key takeaways
- Record royalties of $737M (+27% YoY) with data center royalties growing over 100% YoY; four CSS-based chips shipping with two in second generation across 21 licenses with 12 companies
- License revenue of $505M (+25% YoY) with ACV growth of 28%, including $200M from SoftBank Technology Licensing and Design Services relating to current and future generations
- Q4 guidance: $1.47B revenue (+18% YoY midpoint), low-teens royalty growth, high-teens licensing growth, and $0.58 non-GAAP EPS
- Agent-based AI inference workloads driving demand for higher CPU core counts; major hyperscalers ramping Arm-based CPUs with increased cores (AWS Graviton 5: 192 cores, NVIDIA Vera: 88 cores, Microsoft Cobalt 200: 132 cores)
- CSS royalties growing from approaching double-digit last year to teens currently, expected to reach upwards of 50% of royalties within a couple of years
Financial highlights
- Total revenue: $1.24B (+26% YoY), fourth consecutive $1B+ quarter
- Royalty revenue: $737M (+27% YoY, record), with data center royalties growing over 100% YoY
- License revenue: $505M (+25% YoY), including $200M from SoftBank
- Non-GAAP operating income: $505M (+14% YoY) with 41% operating margin; non-GAAP EPS: $0.43
Guidance
- Q4 FY2026 revenue: $1.47B ±$50M (~18% YoY growth at midpoint)
- Q4 royalties expected up low-teens YoY, licensing up high-teens YoY
- Q4 non-GAAP operating expenses: ~$745M; non-GAAP EPS: $0.58 ±$0.04
- Long-term expectations: data center to become larger than mobile within a few years; full-year FY2026 expected at least 20% growth; FY2027 growth rate of around 20% considered reasonable
Q&A themes
- CPU role in AI data center strengthening due to agent-based inference requiring coordination; increased deployment of CPUs with higher core counts and better power efficiency benefiting Arm platform
- Smartphone royalty resilience: potential 20% unit volume reduction from memory constraints estimated to cause only 2-4% smartphone royalty impact due to higher royalty rates on premium/flagship segments (v9, CSS) versus lower-end segments (v8, older)
- SoftBank shareholder concerns: CEO stated Masa is not interested in selling any Arm shares and remains very bullish on long-term prospects
- CSS acceleration and value proposition: customers willing to pay higher licensing and royalty fees for reduced cycle time (halved) and faster time-to-market; all current CSS customers renewing for next generation
Risks
- Memory supply chain constraints could reduce smartphone unit volumes by estimated 15-20%, with potential 1-2% impact on total royalties, though mitigated by higher royalty rates on premium segments
- Licensing revenue remains variable quarter-to-quarter due to timing of high-value deals; company will focus on ACV as key indicator rather than quarterly licensing revenue
- Data center royalty penetration rates and competitive dynamics in CPU market share still evolving; unclear how much of recent hyperscaler innovation translates to sustained Arm market share gains
FY2026 Q22025-11-05
Earnings calls
AI summary
positiveArm achieved its best Q2 ever with $1.14B in revenue, marking the third consecutive billion-dollar quarter. Royalty revenue hit a record $620M (+21% YoY) across all major markets, while licensing revenue surged 56% to $515M, driven by strong demand for AI and next-generation architectures. The company is expanding beyond its current platform into potential chiplets and complex SoCs, supported by aggressive R&D investment.
Key takeaways
- Record Q2 revenue of $1.14B (+34% YoY); record royalty revenue of $620M (+21% YoY) with data center Neoverse royalties more than doubling YoY
- Licensing revenue grew 56% to $515M; ACV grew 28% YoY, well above historical low-teens run rate
- Announced DreamBig Semiconductor acquisition to expand networking capabilities for data center opportunities
- Neoverse platform surpassed 1 billion CPUs deployed; 19 CSS licenses across 11 companies with top 4 Android vendors shipping CSS-powered devices
- Strategic partnership with Meta to scale AI efficiency across compute layers from edge devices to data centers
Financial highlights
- Total revenue: $1.14B (+34% YoY), exceeded guidance midpoint by $75M
- Royalty revenue: $620M (+21% YoY, exceeded mid-teens guidance)
- Licensing revenue: $515M (+56% YoY)
- Non-GAAP operating margin: 41.1% (improved from 38.6% YoY); Non-GAAP EPS: $0.39 (+$0.06 above guidance midpoint)
Guidance
- Q3 revenue guidance: $1.225B ±$50M (~25% YoY growth at midpoint)
- Q3 expected royalty growth: just over 20% YoY; licensing growth: 25-30% YoY
- Q3 non-GAAP operating expenses: ~$720M
- Q3 non-GAAP EPS: $0.41 ±$0.04
Q&A themes
- Power efficiency driving data center adoption: Arm technology 50% more efficient than competitive solutions, addressing power infrastructure bottleneck as key accelerant for AI compute deployment
- SoftBank/Stargate opportunity: Related party revenue increased ~$50M to $178M in Q2; potential for future product announcements (full SoCs, chiplets) once tape-out, samples, and noncancelable customer orders achieved
- Data center and networking penetration expanding: Cloud and networking infrastructure expected to grow from ~10% of royalty revenues toward 15-20% range as DPUs, SmartNICs, and networking chips adopt Arm cores
- Edge inference opportunity: Expectation that compute will increasingly shift from cloud training to edge inference, positioning Arm well with scalable matrix extensions and software solutions for battery-level devices
Risks
- Forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially; expansion into chiplets/full SoCs represents new business line with execution risk
- Licensing revenue timing variability continues; large deals subject to 6-9 month sales cycles and customer-driven timing uncertainties
- SoftBank related party revenue sustainability dependent on future product announcements and Stargate partnership execution; potential cannibalization of licensing revenue if physical chip products launch
FY2026 Q12025-07-30
Earnings calls
AI summary
positiveArm achieved its second-highest revenue quarter at $1.05 billion, with royalty revenue reaching $585 million (up 25% YoY) and licensing revenue at $468 million. The company is capturing significant AI workload momentum, with Neoverse chips powering major cloud providers and expected to reach nearly 50% market share among hyperscalers this year. Compute Subsystem (CSS) platform adoption is accelerating with next-generation CSS deals commanding higher royalty rates than previously expected.
Key takeaways
- Royalty revenue grew 25% YoY to $585 million record with strength across all end markets (smartphones, data center, automotive, IoT)
- Arm Neoverse CPUs now power 70,000+ enterprises running AI workloads, with hyperscaler market share expected to reach nearly 50% in FY2026 (up from ~18% a year ago)
- Next-generation CSS licenses signed with royalty rates exceeding 10% of ASP, above previous expectations; CSS delivers double the royalty of Armv9
- ACV increased 28% YoY to reflect CSS upgrades, multigenerational GPU deal with major smartphone OEM, and expanded SoftBank IP licensing and design services agreements
- Company accelerating R&D investments to pursue opportunities beyond current platform into additional compute subsystems, chiplets, and potentially full-end solutions
Financial highlights
- Q1 FY2026 total revenue: $1.05 billion (second highest on record, above guidance midpoint)
- Q1 royalty revenue: $585 million, up 25% YoY
- Q1 licensing and other revenue: $468 million, down 1% YoY
- Non-GAAP operating profit: $412 million; non-GAAP EPS: $0.35 (above guidance midpoint, including $0.01 FX headwind)
Guidance
- Q2 FY2026 revenue guidance: $1.01-$1.11 billion (25% YoY growth at midpoint); royalties and licensing expected flat sequentially
- Q2 non-GAAP operating expense: approximately $655 million (includes shifted Q1 expenses and FX impact)
- Q2 non-GAAP EPS guidance: $0.29-$0.37
- FX headwind: approximately $0.01 per quarter expected for balance of year (~$0.04 full year impact)
Q&A themes
- Full-end solutions strategy: Company exploring opportunities in ASICs, chiplets, and full solutions given customer demand for faster time-to-market; leveraging internal expertise across leadership team
- CSS adoption verification: First three deals represent customers upgrading from first-generation to next-generation CSS platforms, validating CSS value proposition and driving higher royalty rates
- Hyperscaler Neoverse share drivers: Growth from both general-purpose workload share gains (Graviton, Axion, Cobalt) and AI-specific wins as NVIDIA Grace Blackwell moves from Hopper's external x86 CPU to integrated Arm design
- Continued CapEx strength: Hyperscaler CapEx increases viewed as strong tailwind for both royalty growth on existing designs and future CSS licensing opportunities; AI's early-stage adoption supports sustained demand
Risks
- Near-term royalty visibility reduced due to continued tariff and macro uncertainty; limited direct impact expected but indirect end-demand impact less visible
- Smartphone royalty growth came in at lower end of prior guidance range; market growth was low single digits, slower than expected
- Execution risk associated with potential move into ASIC/chiplet/full-solution markets where others are struggling; company acknowledges complexity but has relevant leadership experience
FY2025 Q42025-05-07
Earnings calls
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.Company data
Company intelligence
Updated: Nov 13, 2026, 02:57 PM UTC
Company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Semiconductors
- Chief executive
- Rene Anthony Andrada Haas
- Employees
- 9,584
- IPO date
- Sep 14, 2023
- Country
- GB
- Exchange
- NASDAQ Global Select
Altman Z-scorei57.05
Piotroski scorei6/9
Overall ratingiB-
Owner earningsi$172.12M$0.16 per share
ESG risk ratingiBIndustry rank: 10/29
Rating factors
- Return on equityi
- 3/5
- Return on assetsi
- 4/5
- Debt to equityi
- 4/5
- Price to earningsi
- 1/5
- Price to booki
- 1/5
Company press releases
Arm Holdings plc Reports Results for the Second Quarter of the Fiscal Year Ending 2027Business WireARM & HAMMER™ BAKING SODA ROCKET DAY BLASTS OFF FOR YEAR THREE, INSPIRING THE NEXT GENERATION OF INNOVATORSPRNewsWireArm Announces Earnings Release Date for Second Quarter Fiscal Year Ending 2027Business WireArm Holdings plc Reports Results for the First Quarter of the Fiscal Year Ending 2027Business WireArm Announces Earnings Release Date for First Quarter Fiscal Year Ended 2027Business WireSecurities Fraud Investigation Into Arm Holdings plc (ARM) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law FirmBusiness Wire
Congressional disclosures
House
Cleo FieldsSale (Full) · $50,001 - $100,000Disclosed: Dec 18, 2025Cleo FieldsSale · $50,001 - $100,000Disclosed: Dec 18, 2025Cleo FieldsSale (Full) · $50,001 - $100,000Disclosed: Dec 18, 2025Jonathan JacksonSale (Full) · $1,001 - $15,000Disclosed: Oct 16, 2025Jonathan JacksonSale · $1,001 - $15,000Disclosed: Oct 16, 2025
Market cap history
$213.56B-28.1%Aug 2026 – Nov 2026
Latest: $213.56B · 2026-11-12High: $344.21B · 2026-09-21Low: $199.15B · 2026-11-09
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| QQQ | 0.4% | 9.3M |
| SMH | 0.95% | 3M |
| QQQM | 0.4% | 2.1M |
| FSELX | 0.53% | 1.3M |
| SOXX | 0.43% | 937.8K |
| VWUAX | 0.52% | 801.9K |
| CNDX.L | 0.4% | 605.8K |
| CGXU | 1.88% | 604.1K |
| ISFF701.TA | 0.44% | 583.1K |
| VWIGX | 0.36% | 524K |
| JEPQ | 0.22% | 456K |
| QTEC | 1.98% | 443.9K |
Analyst track record
How the analysts covering ARM have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 162 | 386 |
| Analysts | 31 | 40 |
| Buy / hold / sell | 129 / 28 / 5 | 296 / 73 / 17 |
| Upgrades / downgrades / initiations | 7 / 6 / 4 | 11 / 12 / 13 |
| Price targets hit / missed | 58 / 85 (41%) | 235 / 94 (71%) |
| Avg. return after a rating (TipRanks) | -4.5% | +23.4% |
| Best / worst call | +81.6% / -60.0% | +334.3% / -60.0% |
After buy calls on this stock: median 21-day move +4.7% vs S&P 500 +2.3% (n = 296)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Thomas O'MalleyBarclays100% hit rate on this stock · 11 targets measuredBuytarget $325Nov 5, 2026
- Harlan SurJ.P. Morgan100% hit rate on this stock · 8 targets measuredBuytarget $245Nov 5, 2026
- Vijay RakeshMizuho Securities95% hit rate on this stock · 19 targets measuredBuytarget $330Nov 5, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Nov 12, 2026 | David O'ConnorPiper SandlerNov 12, 2026 | BuyMaintained | $270 | |
| Nov 5, 2026 | Mark LipacisEvercore ISINov 5, 2026 | BuyMaintained | $326↗ | article ↗ |
| Nov 5, 2026 | Vijay RakeshMizuho SecuritiesNov 5, 2026 | BuyMaintained | $330↗ | article ↗ |
| Nov 5, 2026 | Timothy ArcuriUBSNov 5, 2026 | BuyReiterated | $270↗ | article ↗ |
| Nov 5, 2026 | Krish SankarTD CowenNov 5, 2026 | BuyMaintained | $250↗ | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 13, 2026 · 162 ratings
Frequently asked questions
Where can I trade ARM perpetual futures?
Arm Holdings plc (ARM) perpetual futures trade on 23 crypto venues, including Deepcoin, Binance, XT.com. PerpEquities compares them by live price, funding rate, open interest and liquidity.
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A ARM perpetual is a derivative that tracks the price of Arm Holdings plc with no expiry date. It lets you take long or short exposure to Arm Holdings plc on crypto venues, around the clock.
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