ARM
Arm Holdings plc American Depositary Shares
Price as of Jul 20, 2026
ARM earnings
Arm Holdings plc American Depositary Shares earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| 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 | — |
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.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-07-29.