ARM (Arm Holdings plc American Depositary Shares) Stock Financials & Earnings | Market Cap Arena

ARM (Arm Holdings plc American Depositary Shares) Stock Financials & Earnings | Market Cap Arena

ARMArm Holdings plc American Depositary Shares

Mkt Cap$128B

Technology·Semiconductors·🇬🇧 United Kingdom·NASDAQ

Revenue (TTM)$4.7B

Net Income (TTM)$801M

EPS (TTM)$0.75

Free Cash Flow (TTM)$970M

Gross Margin95.4%

Op. Margin18.6%

Net Margin17.1%

FCF Margin20.8%

P/S Ratio (TTM)27.5x

P/E Ratio (TTM)160.4x

YoY Rev Growth+26.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 23	$633M	$586M	-$49M
Q1 24	$675M	$624M	$111M
Q2 24	$806M	$740M	-$156M
Q3 24	$824M	$767M	$140M
Q4 24	$928M	$868M	$20M
Q1 25	$939M	$885M	$182M
Q2 25	$844M	$790M	$64M
Q3 25	$983M	$932M	$175M
Q4 25	$1.2B	$1.2B	$410M
Q1 26	$1.1B	$993M	$107M
Q2 26	$1.1B	$1.1B	$163M
Q3 26	$1.2B	$1.2B	$191M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q4 23	47.9x	245.1x
Q1 24	48.3x	317.9x
Q2 24	45.3x	713.6x
Q3 24	43.7x	1511.2x
Q4 24	39.7x	419.8x
Q1 25	36.7x	303.0x
Q2 25	36.3x	200.4x
Q3 25	34.8x	159.4x
Q4 25	32.1x	162.2x
Q1 26	31.2x	183.8x
Q2 26	29.1x	154.8x
Q3 26	27.5x	160.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 23	$483M	$463M
Q1 24	-$114M	-$140M
Q2 24	$227M	$180M
Q3 24	$310M	$259M
Q4 24	$667M	$648M
Q1 25	-$290M	-$328M
Q2 25	$6M	-$54M
Q3 25	$423M	$360M
Q4 25	$258M	$184M
Q1 26	$332M	$171M
Q2 26	$567M	$429M
Q3 26	$365M	$186M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 23	$20M
Q1 24	$26M
Q2 24	$47M
Q3 24	$51M
Q4 24	$19M
Q1 25	$38M
Q2 25	$60M
Q3 25	$63M
Q4 25	$74M
Q1 26	$161M
Q2 26	$138M
Q3 26	$179M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	-2.5%	+42.4%
Q2 24	+27.9%	+116.2%
Q3 24	+13.8%	+43.1%
Q4 24	+46.6%	+33.1%
Q1 25	+39.1%	+34.2%
Q2 25	+4.7%	-18.9%
Q3 25	+19.3%	+18.1%
Q4 25	+33.7%	-8.5%
Q1 26	+12.1%	+25.0%
Q2 26	+34.5%	+24.6%
Q3 26	+26.3%	+30.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 23	-$6M	-0.9%
Q1 24	$140M	20.7%
Q2 24	$513M	63.6%
Q3 24	$199M	24.2%
Q4 24	$185M	19.9%
Q1 25	$182M	19.4%
Q2 25	$218M	25.8%
Q3 25	$227M	23.1%
Q4 25	$193M	15.6%
Q1 26	$241M	22.9%
Q2 26	$265M	23.3%
Q3 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q4 23	$381M	$254M
Q1 24	$337M	$176M
Q2 24	$626M	$270M
Q3 24	$432M	$195M
Q4 24	$585M	$263M
Q1 25	$485M	$218M
Q2 25	$507M	$219M
Q3 25	$533M	$224M
Q4 25	$546M	$233M
Q1 26	$654M	$232M
Q2 26	$691M	$252M
Q3 26	$737M	$263M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$1.6B	$661M	$2.2B
Q1 24	$1.2B	$801M	$2.0B
Q2 24	$1.4B	$800M	$2.2B
Q3 24	$1.6B	$850M	$2.4B
Q4 24	$1.9B	$1.0B	$2.9B
Q1 25	$1.5B	$1.0B	$2.5B
Q2 25	$1.5B	$860M	$2.4B
Q3 25	$2.0B	$635M	$2.7B
Q4 25	$2.1B	$740M	$2.8B
Q1 26	$2.0B	$950M	$2.9B
Q2 26	$2.5B	$740M	$3.3B
Q3 26	$2.8B	$735M	$3.5B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 23	1.03B	-0.2%
Q1 24	1.03B	+0.0%
Q2 24	1.03B	-0.1%
Q3 24	1.05B	+2.3%
Q4 24	1.06B	+0.8%
Q1 25	1.06B	+0.2%
Q2 25	1.06B	+0.3%
Q3 25	1.06B	+0.1%
Q4 25	1.06B	+0.1%
Q1 26	1.06B	+0.0%
Q2 26	1.07B	+0.4%
Q3 26	1.07B	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	$456K	7K
FY 25	$481K	8K