5 November 2025 | 4:24PM EST Equity Research ARM Holdings (ARM): First Take: Strong quarter and guidance driven by a recovery in royalty revenue Key stock takeaways: We expect the stock to move higher following revenue and EPS guidance that was well above the Street, driven by higher royalty revenue. We believe investor expectations were low for the quarter, and hence a significantly stronger quarter should drive the stock higher. On the conference call, we expect investors to focus on : (1) updated thought ...