Arm Holdings plc (ARM) financials

NASDAQ · Technology · Semiconductors · 9,584 employees · CEO Rene Anthony Andrada Haas

Price: $205.97 -9.97%
Market cap: $219B
Enterprise value: $217B
Last report: Q1 '27 filed 2026-07-29
Next report: 2026-11-04 EPS est. $0.48

Revenue (TTM)$5.16B+25.1% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)17.3%-1.0 pp vs a year agoOperating income $892M

Net income (TTM)$1.04B+49.4% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$1.47B+124.4% vs a year agoCapex $620M

Diluted EPS (TTM)$0.97+47.0% vs a year agoSum of the last 4 quarters

Net cash$3.4B+35.6% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $219B
Revenue: $5.16B
Revenue growth: +24%
Profit margin: 20.2%
P/E: 212.3×
P/S: 42.5×
EV / EBITDA: 157.7×
Free cash flow: $1.47B
Net income: $1.04B
Revenue estimate: $6.09B
Earnings: 2026-11-04
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-07-29): revenue beat by 2.1%, EPS beat by 12.5%Revenue $1.29B vs $1.26B expected (+2.1%); EPS $0.45 vs $0.40 (+12.5%).
Revenue growth steady: 22.4% year on yearQ1 '27 revenue $1.29B, against an average of 23.3% over the four quarters before.
Operating margin 17.3% (TTM), -1.0 pp on a year agoOperating income grew 18.0% while revenue grew 25.1%.
29.4% of pre-tax profit is non-operatingPre-tax income $1.26B vs operating income $892M (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
Capex 12.0% of revenue (a year ago 8.8%)$620M invested in the last 4 quarters (+71.3% on a year earlier). Free cash flow $1.47B = 141.2% of net income.
Returned $202M to shareholders = 13.7% of free cash flowBuybacks $202M (a year earlier $85M), dividends $0, stock-based pay $1.15B (TTM).
Diluted share count up 1.2% in a year1.08B diluted shares in Q1 '27, 1.07B a year earlier.
Net cash $3.4BCash + short-term investments $3.89B, debt incl. leases $485M; a year ago net cash $2.51B.

Last quarter: Q1 '27

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q1 '27	Year ago	Change
Revenue	$1.29B	$1.05B	+22.4%
Gross margin	97.2%	94.3%	+2.9 pp
Operating income	$98M	$107M	-8.4%
Operating margin	7.6%	10.2%	-2.6 pp
Net income	$270M	$130M	+107.7%
Diluted EPS	$0.25	$0.12	+108.3%
Operating cash flow	$902M	$332M	+171.7%
Capex	$208M	$161M	+29.2%
Free cash flow	$694M	$171M	+305.8%
R&D	$838M	$654M	+28.1%
Stock-based compensation	$343M	$241M	+42.3%

Reported vs consensus

2026-07-29

	Actual	Consensus	vs consensus
Revenue	$1.29B	$1.26B	+2.1%
EPS (as estimated)	$0.45	$0.40	+12.5%

From the report of 2026-07-29 for Q1 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $2.09B
Capex: -$620M
Buybacks: -$202M
Dividends: $0
Acquisitions: $45M
Net debt issued: $0
Stock-based compensation: $1.15B
Free cash flow: $1.47B
Returned to shareholders / FCF: 13.7%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	212.3×	195.0×	112.5× – 423.0×
EV / EBITDA	157.7×	162.9× 4 of 5 years	72.5× – 344.1×
EV / Sales	42.0×	30.6× 4 of 5 years	22.8× – 39.8×
Price / FCF	148.7×	238.2×	96.5× – 629.9×
Price / Book	25.4×	18.9× 4 of 5 years	15.4× – 24.6×
FCF yield	0.7%	0.6%	0.2% – 1.0%
Return on invested capital	7.3%	5.7%	0.0% – 10.3%
Return on equity	13.0%	8.2%	0.0% – 12.9%

Analysts

Consensus target $375.92 (+82.5%)
range $250.00 – $641.00 · rating Buy

Strong buy0

Buy19

Hold6

Sell2

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2027	$6.09B	+23.8%	$2.21	+159.4%	93.4×	19
FY2028	$8.3B	+36.4%	$3.02	+37.0%	68.2×	24
FY2029	$10.8B	+30.3%	$3.92	+29.8%	52.5×	11
FY2030	$16.4B	+51.5%	$6.34	+61.9%	32.5×	11
FY2031	$27.3B	+66.6%	$10.05	+58.4%	20.5×	18

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01