Financial Data and Key Metrics Changes - The company reported total revenue of $1,050,000,000 for Q1, marking the highest revenue quarter and the second highest revenue quarter overall [6][12] - Royalty revenue reached $585,000,000, up 25% year on year, with strong momentum across all end markets [6][12] - Licensing revenue was $468,000,000, showing a slight decrease of 1% year on year, as expected [12][13] - Non-GAAP operating profit was $412,000,000, with non-GAAP EPS of $0.35, above the midpoint of guidance [16] Business Line Data and Key Metrics Changes - ARM Neoverse data center chips saw a 40% year-on-year increase in enterprises running AI workloads, now exceeding 70,000 [6] - The compute subsystems (CSS) are driving double the royalty of RMV9, with three new CSS licenses signed this quarter [9][13] - The average contract value (ACV) increased by 28% year on year, significantly above previous expectations [14] Market Data and Key Metrics Changes - The smartphone segment grew faster than the overall market, although growth was slower than anticipated [12][28] - ARM's market share in AI workloads is expected to reach nearly 50% this year, up from approximately 18% last year [7][34] - ARM's China business accounted for 21% of revenue, showing growth from previous quarters [67] Company Strategy and Development Direction - The company is focusing on expanding into full end solutions and exploring opportunities in ASICs and chiplets [20][24] - Continued investment in R&D is prioritized to support customer needs and capitalize on AI demand [10][18] - The company aims to maintain its leadership in AI by leveraging its extensive developer ecosystem of over 22 million developers [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in healthy growth driven by visibility into customer design pipelines and rising demand for custom silicon [18][61] - The ongoing increase in CapEx from hyperscalers is viewed as a strong tailwind for ARM's royalty growth [61] - Management acknowledged potential indirect impacts from macroeconomic conditions but expects limited direct effects on royalty and licensing revenues [16] Other Important Information - The company is seeing significant adoption of its V9 architecture, with royalties stepping up from 18% to 25% [71] - The CSS platforms are expected to deliver the highest royalty rates seen to date, with new deals indicating strong future growth [13][51] Q&A Session Summary Question: ARM's strategy in ASICs and full end solutions - Management indicated that further integration is a direction of travel, with insights into chiplet development and the potential for full solutions [20][24] Question: Royalty growth expectations - Management noted that royalty growth was slightly below expectations due to slower growth in the smartphone sector, but overall forecasts remain stable [28][30] Question: Market share context for Neoverse chips - Management highlighted significant share gains in AI workloads, moving from sub-20% to nearly 50% market share [34] Question: FX impact on EPS - Management expects approximately $0.01 impact on EPS for the next three quarters, with a hedging strategy in place [40][41] Question: ACV drivers - The increase in ACV was driven by new CSS deals and expanded licensing with SoftBank, contributing to a 28% year-on-year growth [49] Question: ARM China business impact - Management stated that ARM's China business continues to grow consistently with the global market, unaffected by recent export controls [66][67] Question: Adoption of ARM V9 - Management confirmed that V9 adoption continues to grow, with royalty rates increasing faster than adoption rates [71] Question: CSS applications in automotive - Management indicated that CSS is well-suited for automotive applications, particularly in ADAS, with strong customer interest [78]

Financial Data and Key Metrics Changes - The company reported total revenue of $1,050 million for Q1, marking the highest revenue quarter and the second highest overall revenue quarter [5][11] - Royalty revenue reached $585 million, up 25% year on year, with strong growth across all end markets [5][11] - Licensing revenue was $468 million, showing a slight decrease of 1% year on year, which was anticipated following a strong previous fiscal year [12][14] - Non-GAAP operating profit was $412 million, with non-GAAP EPS of $0.35, exceeding the midpoint of guidance [15][18] Business Line Data and Key Metrics Changes - ARM's compute subsystems (CSS) are gaining traction, with demand exceeding expectations and delivering double the royalty of RMV9 [8] - The first generation of CSS is now in market with five customers, and three additional CSS licenses were signed this quarter, more than doubling CSS licenses from a year ago [8][12] - The company expects the royalty rate for the new CSS platforms to be higher than previous generations, indicating strong future revenue potential [12][52] Market Data and Key Metrics Changes - More than 70,000 enterprises are running AI workloads on ARM Neoverse data center chips, a 40% increase year on year [5] - ARM's market share in AI workloads is expected to reach nearly 50% this year, up from approximately 18% last year [6][34] - ARM's China business accounted for about 21% of revenue in Q1, showing growth from previous quarters [70] Company Strategy and Development Direction - The company is focusing on expanding into full end solutions and exploring opportunities in the ASIC market, driven by customer demand for better starting points in SoC development [23][24] - ARM is committed to investing aggressively in R&D to support customer needs and capitalize on AI opportunities [18][88] - The company aims to leverage its unique compute platform to address a wide range of applications from cloud to edge computing [4][88] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in healthy growth for the coming year, driven by visibility into customer design pipelines and rising demand for custom silicon [18][66] - The ongoing increase in CapEx from hyperscalers is seen as a strong tailwind for ARM, supporting both technology and royalty growth [66] - Management noted limited direct impact from current macroeconomic conditions on royalty and licensing revenues, although there is uncertainty regarding indirect impacts on end demand [16][18] Other Important Information - The company highlighted the importance of its software developer ecosystem, with over 22 million developers building on ARM, which drives demand for its compute platform [7] - ARM's leadership in AI is supported by its unmatched software ecosystem, which is crucial for expanding its market presence [7] Q&A Session Summary Question: ARM's strategy in ASICs and full end solutions - Management acknowledged the complexity of entering the ASIC market but emphasized the company's unique position and expertise in chip design and manufacturing [21][24] Question: Royalty growth expectations and market performance - Management indicated that royalty growth was slightly below expectations due to slower growth in the smartphone sector, but overall performance remained strong [28][30] Question: Neoverse market share and competition with x86 - Management reported that ARM's share in the hyperscaler market is expected to approach 50%, up from 18% last year, driven by AI workloads and general-purpose workloads [34][35] Question: Impact of foreign exchange on EPS - Management stated that FX had a minimal impact on EPS this quarter and expected a similar impact in the upcoming quarters [38][40] Question: Insights on SoftBank's expanded licensing deal - Management discussed the potential of the Stargate project with SoftBank, emphasizing the significant compute opportunities it presents [57][58] Question: Adoption of ARM V9 - Management noted that while specific adoption rates would be updated annually, royalty growth from V9 implementations continues to increase [75][76] Question: Future of Ethos and Xena platforms - Management expressed optimism about the long-term potential of Ethos for low-power applications and highlighted the growth opportunities for Xena in the automotive sector [80][82]

Financial Performance - Arm reported fiscal first-quarter revenue of $1.053 billion, slightly missing analyst estimates of $1.055 billion [1] - First-quarter revenue increased by 12% year-over-year, with royalty revenue climbing 25% year-over-year to $585 million [2] - The company generated $332 million of operating cash flow and $150 million of free cash flow in the first quarter [3] Revenue Breakdown - License and other revenue declined by 1% year-over-year [2] - Annualized contract value (ACV) rose by 28% year-over-year to approximately $1.53 billion [3] Market Outlook - Arm expects second-quarter revenue to be between $1.01 billion and $1.11 billion, compared to estimates of $1.056 billion [4] - The company anticipates second-quarter adjusted earnings of 29 cents to 37 cents per share, against estimates of 35 cents per share [4] Stock Performance - Arm shares fell by 8.31% in after-hours trading, reaching $149.75 at the time of publication [5]

Arm控股暗示公司正变成完整的芯片制造商：未来产品可能会包括全部解决方案。 ...

Financial Highlights - Total revenue reached $1053 million, a 12% year-over-year increase[11] - Royalty revenue grew to $585 million, up 25% year-over-year, driven by Armv9 architecture adoption and increased data center usage[25] - License and other revenue totaled $468 million, a 1% year-over-year decrease due to timing fluctuations[25] - Non-GAAP operating expenses were $619 million[11] - Trailing 12 months Non-GAAP free cash flow was $597 million[11] Market and Technology Trends - Arm forecasts its market share with top hyperscalers will approach 50% in 2025[13] - Over 70000 customers are using Arm-based chips in data centers[13] - The company has shipped over 325 billion Arm-based chips since 1990[12] - Arm's customers shipped 2x the number of chips in FYE25 than in FYE16[17] Future Outlook - Q2 FYE26 revenue is projected to be between $101 billion and $111 billion[47] - Q2 FYE26 Non-GAAP operating expense is expected to be approximately $655 million[47] - Q2 FYE26 Non-GAAP fully diluted earnings per share are projected to be between $029 and $037[47]

Group 1 - Arm Holdings shares fell by as much as 9% in after-hours trading following the release of the company's first-quarter earnings results [1] - The company expects second-quarter revenue to be between $1.01 billion and $1.11 billion, aligning with the analyst expectation of $1.05 billion [1] - Earnings per share were reported at 35 cents, matching analyst expectations, while revenue was slightly below expectations at $1.05 billion compared to the anticipated $1.06 billion [3] Group 2 - ARM is a chip technology firm that provides architecture for chips used in billions of devices, including those from Apple and Qualcomm [2] - Samsung launched the Galaxy Flip 7 during the quarter, utilizing the Exynos 2500 chip based on ARM's compute subsystem platform [2] - CEO Rene Haas indicated a strategic decision to invest more heavily, hinting at the possibility of designing proprietary processors [2]

Arm控股第一财季总体营收10.5亿美元，符合分析师预期。 第一财季调整后毛利润率97.9%，符合分析师预期。 预计二季度营收10.1亿-11.1亿美元，分析师预期10.6亿美元。 ARM控股盘后跌6.01%。 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of July, 2025 Commission File Number 001-41800 Arm Holdings plc 110 Fulbourn Road Cambridge CB1 9NJ United Kingdom (Address of principal executive office) The term "Annual Report" refers to Arm's annual report on Form 20-F for the fiscal year ended March 31, 2025, filed with the SEC on May ...

Group 1 - Morgan Stanley raised Arm's target price from $150 to $194, maintaining an "Overweight" rating, highlighting the potential strategic shift towards self-developed chips as a transformative opportunity for the company's long-term development [1] - The possibility of Arm's transition to self-developed chips has become a central topic of discussion among investors, with increasing market attention driving Arm's stock price above the previous target [1] - Analysts from Morgan Stanley noted active discussions regarding Arm's chip projects during a recent visit to Taiwan, despite lacking concrete evidence of nearing tape-out, indicating strong market momentum as investors await clearer information from the company [1] Group 2 - Morgan Stanley remains optimistic about Arm's long-term prospects due to diversification in value capture opportunities, including potential self-developed chips, and adjusted forecasts ahead of the company's Q1 earnings report on July 30 [2] - The firm raised its 2025 licensing revenue growth expectation from 8% to 11%, primarily due to the easing of restrictions in the Chinese market, while lowering the 2026 royalty revenue growth forecast from 22% to 20% due to weak consumer electronics demand [2] - Operating expense expectations were increased, with a projected compound annual growth rate of about 12% over the next two years, reflecting the company's plan to expand its engineering team from approximately 6,900 to over 10,000 in the next 2-3 years; adjusted EPS for 2027 is expected to be $2.94, with revenue forecasted at $6.43 billion [2]

Core Insights - ARM Holdings plc is set to report its first-quarter fiscal 2026 results on July 30, with earnings expected to be 34 cents, reflecting a 15% year-over-year decline, while revenues are projected at $1.04 billion, indicating an 11% year-over-year increase [2][4]. Financial Estimates - The Zacks Consensus Estimate for the current quarter's revenue is $1.04 billion, with a year-over-year growth estimate of 11.06% [3]. - For the upcoming quarter, the revenue estimate is $1.05 billion, with a projected year-over-year growth of 24.89% [3]. - The current year's revenue estimate stands at $4.69 billion, reflecting a 17.14% year-over-year growth, while next year's estimate is $5.71 billion, indicating a 21.64% increase [3]. Earnings Performance - ARM has a strong history of earnings surprises, having surpassed the Zacks Consensus Estimate in all of the trailing four quarters, with an average earnings surprise of 14.4% [5]. - The consensus estimate for Royalty revenues is $599 million, suggesting a 28.3% year-over-year decline, while License and other revenues are estimated at $440 million, indicating a 6.8% year-over-year decline [9]. Market Position and Valuation - ARM's stock has surged 46% in the past three months, trading at a forward P/E ratio of 85.2X, significantly higher than the industry average of 34.18X [8][10]. - The company's core strength in power-efficient chip architecture is central to its leadership in mobile computing, powering devices from major players like Apple, Qualcomm, and Samsung [11][12]. Strategic Importance - ARM is emerging as a foundational player in AI and IoT, with increasing reliance from companies like Apple, Qualcomm, and Samsung for AI-driven innovations [13][14]. - The demand for ARM's chips is expected to grow as machine learning and edge computing become more prevalent in technology advancements [14]. Investment Considerations - Given the substantial increase in ARM's stock price, a potential correction may occur, suggesting that investors might consider waiting for a more advantageous entry point [16][17].