ARM

MKT CAP:$248B

Arm Holdings plc American Depositary Shares

Market Cap

$248B

Technology·Semiconductors·🇬🇧 United Kingdom·NASDAQ

Technology·Semiconductors·🇬🇧·NASDAQ

Stock Price

$233.39+$118.66 (+103.43%)

Apr 24, 2026

Company Details

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems i...

CEO

Rene Anthony Andrada Haas

IPO Date

Sep 14, 2023

Website

www.arm.com

Key Metrics TTM

Revenue

$4.7B

+26.4% YoY

Net Income

$801M

EPS (Diluted)

$0.75

Free Cash Flow

$970M

Revenue / Share

$4.37

Gross Margin

95.4%

Operating Margin

18.6%

Net Margin

17.1%

FCF Margin

20.8%

P/S

53.1x

P/E

309.5x

Earnings Reports

Q4 2026

May 6, 2026

PENDING

Q3 2026

Feb 4, 2026

$1.2B+26.3%EPS $0.21

Q2 2026

Nov 5, 2025

$1.1B+34.5%EPS $0.22

Q1 2026

Jul 30, 2025

$1.1B+12.1%EPS $0.12

FY 2025

May 28, 2025

$4.0B+23.9%EPS $0.75

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 23	$692M	$646M	$296M
Q2 23	$630M	$583M	$185M
Q3 23	$724M	$674M	$246M
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

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	22.2x	113.5x
Q1 24	22.3x	147.2x
Q2 24	18.9x	298.1x
Q3 24	25.6x	884.7x
Q4 24	41.0x	433.0x
Q1 25	47.6x	393.0x
Q2 25	42.4x	234.0x
Q3 25	35.9x	164.3x
Q4 25	28.1x	142.3x
Q1 26	41.4x	244.1x
Q2 26	33.5x	178.2x
Q3 26	25.6x	149.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$231M	-$257M
Q2 23	$76M	$42M
Q3 23	$411M	$398M
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

Quarter	CapEx
Q1 23	$26M
Q2 23	$34M
Q3 23	$13M
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

CapEx

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
Q1 23	$13M	1.9%
Q2 23	$34M	5.4%
Q3 23	$38M	5.2%
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
Q1 23	$218M	$132M
Q2 23	$248M	$150M
Q3 23	$286M	$142M
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

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 23	1.03B	—	—
Q2 23	1.03B	0.0%	—
Q3 23	1.03B	+0.2%	—
Q4 23	1.03B	-0.2%	—
Q1 24	1.03B	0.0%	0.0%
Q2 24	1.03B	-0.1%	-0.1%
Q3 24	1.05B	+2.3%	+2.0%
Q4 24	1.06B	+0.8%	+3.1%
Q1 25	1.06B	+0.2%	+3.3%
Q2 25	1.06B	+0.3%	+3.7%
Q3 25	1.06B	+0.1%	+1.4%
Q4 25	1.06B	+0.1%	+0.7%
Q1 26	1.06B	0.0%	+0.5%
Q2 26	1.07B	+0.4%	+0.6%
Q3 26	1.07B	0.0%	+0.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$130.8K	7K
Q1 25	$132.3K	7K
Q2 25	$118.9K	7K
Q3 25	$138.5K	7K
Q4 25	$149.0K	8K
Q1 26	$126.4K	8K
Q2 26	$136.3K	8K
Q3 26	$149.1K	8K

Revenue / Employee