Arm Holdings plc American Depositary Shares (ARM) Earnings
Arm Holdings plc American Depositary Shares is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $0.40. ARM has beaten EPS estimates in 8 of its last 9 reported quarters (average surprise -11.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.58 | $0.60 | +3.4% | $1.5B | +1.1% |
| Feb 4, 2026 | $0.41 | $0.43 | +4.9% | $1.2B | -15.5% |
| Nov 5, 2025 | $0.36 | $0.15 | -58.0% | $1.1B | +1.6% |
| Jul 30, 2025 | $0.34 | $0.35 | +2.9% | $1.1B | -0.8% |
| May 7, 2025 | $0.52 | $0.55 | +5.8% | $1.2B | +16.9% |
| Feb 5, 2025 | $0.34 | $0.40 | +17.6% | $983M | -19.9% |
| Jul 31, 2024 | $0.35 | $0.40 | +14.3% | $939M | +16.3% |
| May 8, 2024 | $0.30 | $0.36 | +20.0% | $928M | +7.2% |
| Feb 7, 2024 | $0.25 | $0.29 | +16.0% | $824M | +8.1% |
| Sep 14, 2023 | — | $0.10 | — | $675M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q4 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Arm delivered record quarter and year. Revenue up 20% Q4, 23% full year. • Licensing revenue grew 29%, royalty 11%. • ARM AGI CPU launched, purpose-built for agentic AI, with over $2 billion demand. • Customers like SAP, Cloudflare, Google, AWS, Microsoft using ARM-based tech. • R&D investment up 30% year on year. • Non-GAAP operating income $731 million, margin 49%.
Guidance
• Q1 revenue expected $1.26 billion ±50 million, midpoint 20% growth. • Royalty and license revenue expected up ~20% each. • Non-GAAP operating expense ~$760 million, EPS 40¢ ±4¢. • Expect $15 billion AGI CPU revenue and $10 billion IP revenue by FYE 31, translating to over $9 EPS. • Maintain AGI CPU revenue outlook of $1 billion while pursuing supply chain capacity, first revenues expected Q4 fiscal 2026.
Segment performance
Revenue this quarter was 1.49 billion, up 20%, highest quarterly revenue ever. Licensing revenue grew 29% to 819 million. Royalty revenue grew 11% to 671 million. Full year revenue reached 4.92 billion, up 23%. Royalty revenue up 21% to 2.61 billion, licensing revenue 25% to 2.31 billion. Non-GAAP EPS for Q4 was $0.60, full year $1.77. Royalty growth driven by Cloud AI, data center royalty more than doubled. Licensing growth due to strong demand for next-gen architectures. Customer demand for ARM AGI CPU very strong with over $2 billion across fiscal 2027 and 2028.
Analyst Q&A
Q: Andrew Gardner asked about demand growth for ARM AGI CPU and supply access.
A: Demand is combination of existing customers increasing forecast and new interest. Working to secure supply.
Q: Joe asked about royalty rate growth.
A: Q4 had tough call due to mediatek 1400 ramp, expecting 20% range by Q1, data center demand offsetting mobile weakness.
Q: Vivek Iyer asked about Arm's niche in CPU market.
A: ARM strong in high core count design, efficiency per core. Hyperscalers using ARM, large market opportunity.
Q: Tim Schulte-Melanda asked about CPU TAM and OPEX.
A: ARM AGI CPU has large core count, trend of ARM in accelerators. OPEX for support baked in numbers.
Q: Chris Sanka asked about CPU to GPU ratio.
A: Core count growth in CPUs, ratios changing from core count perspective.
Q: Sebastian Nagy asked about impact on existing IP customers.
A: Explained early communication with partners, support for strategy.
Q: BJ Rakesh asked about data center royalty growth.
A: Royalties from Neoverse doubling year on year, license revenue expected 20% range long term.
Q: Harlan Sir asked about OpEx for chip business.
A: Revenue split for AGI CPU, OpEx includes support, chip business operating profit positive next year.
Q: Lee Simpson asked about CPU to GPU ratio from core perspective.
A: Each agent runs batch job, more cores better, core count growth in CPU chips.