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Arm Holdings plc (ARM)

Arm designs the processor other companies build their chips around, and licenses it to them. The filing describes the company as a global leader in the semiconductor industry. It was established in 1990 as a joint venture between Acorn Computers, Apple Computer and VLSI Technology, was listed in London and on Nasdaq from 1998 until SoftBank Group took it private in 2016, and its depositary shares returned to Nasdaq in September 2023. SoftBank Group remains the controlling shareholder. The registered office is in Cambridge, England, and the figures are stated in US dollars.

Arm Holdings plc

Arm designs the processor other companies build their chips around, and licenses it to them. The filing describes the company as a global leader in the semiconductor industry. It was established in 1990 as a joint venture between Acorn Computers, Apple Computer and VLSI Technology, was listed in London and on Nasdaq from 1998 until SoftBank Group took it private in 2016, and its depositary shares returned to Nasdaq in September 2023. SoftBank Group remains the controlling shareholder. The registered office is in Cambridge, England, and the figures are stated in US dollars.

What it licenses

Every CPU has an architecture, which defines the software instructions the processor can execute; that architecture is the common language a library of software is written against. Arm's CPU designs are the foundation, built on one scalable architecture and spanning a range of performance, power and cost requirements. Around them sit GPU and NPU accelerators, system IP such as interconnects, development tools and software including the Kleidi libraries for AI work. Compute subsystems go a step further: pre-integrated and pre-verified configurations of Arm technology aimed at a particular end market, which the filing says cut a customer's development cost and time to market. In March 2026 the company went further still and began selling silicon of its own, the Arm AGI CPU, with production expected by the end of calendar 2026. More than 350 billion Arm-based chips had been reported as shipped cumulatively by 31 March 2026, and the developer community around the platform numbers more than 22 million.

How it gets paid

A customer pays a licence fee for access to the designs, and then a per-unit royalty on substantially every chip it ships. The royalty has typically been a percentage of the chip's average selling price or a fixed fee per unit, and it rises as more Arm products go into the chip. Licence models run from compute subsystems through Arm Total Access, Arm Flexible Access, technology licence agreements and architecture licences, each with its own pricing and level of access, and every one of them carries the per-chip royalty. Because a chip can ship for years and a design can be reused in new products, the filing describes the result as a long tail of recurring royalty revenue. A relatively small number of customers accounts for a large share of the licensing side.

The markets

The business is organised into three AI domains: Edge AI, meaning smartphones and the internet of things; Physical AI, meaning automotive and robotics; and Cloud AI, meaning data centre and networking. In mobile application processors the company reports it has held market share above 99% for many years, on the strength of every key mobile operating system depending on Arm processors, and that market was approximately 43% of total royalty revenue in fiscal 2026. Beyond phones, the platform runs in sensors, supercomputers, tablets and PCs, data centres and networking equipment, vehicles, and embedded systems in cameras, thermostats, drones and industrial robots.

Competition

The filing lists the grounds of competition as price, performance, energy efficiency, ease of customisation, product quality, software availability, marketing and distribution, customer support, name recognition and financial strength, and notes that because customers do not license exclusively, the same companies compete with Arm and with each other. The named rival architectures are x86 and the free, open-source RISC-V, some of whose major supporters are Arm customers. Semiconductor companies, existing customers among them, are also designing architectures of their own for smartphone application processors, consumer electronics, the internet of things, embedded computing, networking, automotive and cloud compute. The filing states that its own move into production silicon puts it in direct competition with some customers in certain segments.

Engineering and patents

The filing describes an engineering-first company: approximately 84% of global employees were working on research, design and technical work at 31 March 2026, from operations and research centres in the United Kingdom, Europe, North America, India and Asia-Pacific. Their work covers new versions of processor cores, specialist processors such as graphics IP and AI accelerators, system IP, compute subsystem technology and the related software and tools. At 31 March 2026 the company owned or co-owned approximately 8,600 issued patents, with approximately 2,750 applications pending worldwide, mostly in processor architecture and microarchitecture, AI and computer vision, graphics processor architecture, on-chip system design and memory technology.

From Arm's annual report on Form 20-F for the year ended 31 March 2026. The filing

Compare with another name

Arm Holdings plc files a 20-F with the SEC once a year, in US dollars. In the year to 31 March 2026 it reported revenue of USD 4,920 million, up 22.8% on the year before. Its profit attributable to shareholders was USD 904 million, up 14.1%, and diluted earnings per share USD 0.85.

Arm Holdings (ARM) in brief

Arm Holdings (ARM) reported revenue of USD 4.9 billion for the year to 31 March 2026, up 22.8% on the year before.
Read moreProfit attributable to shareholders was USD 904 million and diluted earnings per share USD 0.85. Revenue was USD 4.0 billion in the year to 31 March 2025, USD 3.2 billion in the year to 31 March 2024, USD 2.7 billion in the year to 31 March 2023 and USD 2.7 billion in the year to 31 March 2022. Profit attributable to shareholders in the same years was USD 792 million, USD 306 million, USD 524 million and USD 549 million. At the close of 10 November 2026 the market cap of Arm Holdings was $193.0 billion, 213.4 times its earnings for the year to 31 March 2026.

The share in the US

Last close$181.42 on 10 November 2026
52-week range$104.55 (3 February 2026) to $439.46 (18 June 2026)
Over one yearup 17.2%
Market cap$193.0 billion: 1,064,000,000 shares outstanding at 31 March 2026 (20-F), each US share standing for one ordinary share
P/E, latest fiscal year213.4: the last close over diluted EPS for the year to Mar 2026, USD 0.85 per ordinary share. The company reports once a year, so this is the latest fiscal year, not the last four quarters.

US dollars per share as it trades in the US; the market cap and the P/E are worked out here, not filed. Prices from IEX, for splits.

Ratios

From the latest annual report, the year to Mar 2026, in dollars

ROE10.9%
ROCE10.9%
Operating margin18.3%
Net margin18.4%
FCF margin19.9%
Interest covern/a
Debt to equity0.00
Cash conversion1.69
Share count, last 12 months0.5%
Sales CAGR, 3 years22.5%
Profit CAGR, 3 years19.9%
EPS$0.85

At the close of 10 November 2026

Price$181.42
Market cap$193.0 billion
Stock P/E213.44
Price to book23.30
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales39.23
52-week high$439.46
52-week low$104.55
Price, 1 year17.2%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Arm Holdings plc's balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
ARMgreeksoup.ai
Daily prices to 10 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. This company reports once a year, so every view here moves once a year, on the day each annual report was filed, and holds until the next. P/E is the close over the year's EPS per US share: the EPS as filed. Sales and margin are each year's revenue and its operating margin. EV/EBITDA, price to book and market cap to sales set the close against that year's balance sheet and its share count per US share. The dashed line is the median over the range shown. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ARM

Dividendsno dividend in its filings for fiscal 2022 onward
Filings16 in twelve months: 13 reports on Form 6-K, most often quarterly report for the three and six months ended September 30, 2026 . (1); arm Holdings plc Reports Results for the Second Quarter of the Fiscal Year Ending 2027 (1); arm Holdings plc Annual Report and Consolidated Financial Statements For the year ended 31 March 2026 (1); 2026 Arm Holdings plc Annual General Meeting Results (1); notice of 2026 Annual General Meeting (1)
Planned insider sales18 Form 144 notices in twelve months, $56.4 million; latest 21 September 2026
Options tapeput/call 1.13 by open interest at the 10 November 2026 close; the straddle prices a 6.6% move to 13 November 2026
13F holders966 funds reported a position for the quarter to 30 June 2026; largest Invesco Ltd.
Insider trading41 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest15.8 million shares short, 3.33 days to cover at 30 October 2026

Income statement (profit and loss), 5 fiscal years

Year toMar 2022Mar 2023Mar 2024 †Mar 2025 †Mar 2026
Revenue2,7032,6793,2334,0074,920
Cost of sales131106154121121
Gross profit2,5722,5733,0793,8864,799
Research and development9951,1331,9792,0712,776
Selling, general and administrative8977629839841,115
Operating profit633671111831900
Profit before tax7866712127201,157
Income tax110147-94.0-72.0253
Profit attributable to shareholders549524306792904
Filing20-F20-F20-F20-F20-F
USD million, from each year's annual report on the SEC's EDGAR, linked in the last row, on the US GAAP tags the company filed.
Read moreA line the company does not file under the standard tag is left out rather than estimated. A year marked † shows the figure as the company restated it in a later annual report (Mar 2024, Mar 2025); the first-filed figure is in the CSV. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on. Each year links to its own page.
Year toMar 2022Mar 2023Mar 2024 †Mar 2025 †Mar 2026
Diluted EPS0.540.510.290.750.85
Basic EPS0.540.510.300.750.85
Filing20-F20-F20-F20-F20-F

USD per ordinary share, as filed. One US-listed share can stand for more or fewer ordinary shares; the P/E above puts the two on the same basis.

Revenue by product or service

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Share
of the parts, latest year
Royalty1,5621,6751,8022,1682,61353.1%
License and Other Revenue1,1411,0041,4311,8392,30746.9%
RoyaltyLicense and Other Revenue
2,703Mar 20222,679Mar 20233,233Mar 20244,007Mar 20254,920Mar 2026

USD million; hover a block for its figure and share

USD million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.

Revenue by region

Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Share
of the parts, latest year
United States1,2431,0881,4131,7161,76135.8%
China47665769774987417.8%
Japann/an/a12129682516.8%
Taiwan43135952262969514.1%
South Korea2262413083243928.0%
Other Countries3273341722933737.6%
United StatesChinaJapan FY2024 to FY2026TaiwanSouth KoreaOther Countries
2,703Mar 20222,679Mar 20233,233Mar 20244,007Mar 20254,920Mar 2026

USD million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

USD million, from the latest 20-F, in the company's own words. A year is shown only where the parts add up to the revenue above.

Cash flow statement

Year toMar 2022Mar 2023Mar 2024 †Mar 2025 †Mar 2026
Cash from operations4587391,0903971,524
Purchase of property, plant and equipment34.064.092.0219545
Free cash flow424675998178979
Cash from investing-619-138-516-35.0-325
Cash from financing-32.0-42.0-208-202-548
Depreciation and amortisation185170162183249
Filing20-F20-F20-F20-F20-F
USD million, from the cash flow statement as filed.
Read morePurchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines. Cash from investing and from financing are the company's own section totals, below zero where cash went out. Buybacks are the cash paid for the company's own shares.

Balance sheet at year end

Year toMar 2022Mar 2023Mar 2024 †Mar 2025 †Mar 2026
Funded by
Equity attributable to shareholders3,5484,0515,2956,8398,286
Borrowings, as filedn/a0.00.00.00.0
Other liabilitiesn/a2,8152,6322,0932,417
Total equity and liabilitiesn/a6,8667,9278,93210,703
Owned
Property, plant and equipmentn/a185215354772
Goodwilln/a1,6201,6251,6201,623
Other intangible assetsn/a138152151230
Cash and cash equivalents1,0041,5541,9232,0852,751
Trade and other receivablesn/a9997811,1071,300
Other assetsn/a2,3703,2313,6154,027
Total assetsn/a6,8667,9278,93210,703
Filing20-F20-F20-F20-F20-F
USD million, at each fiscal year end.
Read moreBoth totals are the company's own; other liabilities and other assets are each total less the rows shown. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toMar 2022Mar 2023Mar 2024 †Mar 2025 †Mar 2026
Gross margin95.2%96.0%95.2%97.0%97.5%
Operating margin23.4%25.0%3.4%20.7%18.3%
Net margin20.3%19.6%9.5%19.8%18.4%
Free cash flow margin15.7%25.2%30.9%4.4%19.9%
Return on year-end equity15.5%12.9%5.8%11.6%10.9%
Effective tax rate14.0%21.9%-44.3%-10.0%21.9%
Filing20-F20-F20-F20-F20-F

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Questions

What was Arm Holdings' revenue in the year to 31 March 2026?

Arm Holdings (ARM) reported revenue of USD 4.9 billion for the year to 31 March 2026, up 22.8% on the year before.

How much did Arm Holdings earn in the year to 31 March 2026?

Profit attributable to shareholders was USD 904 million for the year to 31 March 2026, and diluted earnings per share USD 0.85.

What is Arm Holdings' P/E ratio?

At the close of 10 November 2026, Arm Holdings traded at 213.4 times its earnings for the year to 31 March 2026.

What is Arm Holdings' market cap?

The market cap of Arm Holdings was $193.0 billion at the close of 10 November 2026.

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Arm Holdings plc ARM *$193.0 billion213.4410.9%18.3%22.8%0.00n/a
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BlackSky Technology Inc. BKSY$981 millionn/a-14.0%-22.8%29.9%0.96n/a
Arteris, Inc. AIP$947 millionn/a-63.3%-46.2%41.0%n/an/a
Alpha & Omega Semiconductor Ltd. AOSL$857 millionn/a-5.8%-7.1%-3.2%0.000.0%
Varex Imaging Corp. VREX$778 million35.484.5%8.3%5.3%0.70n/a
Array Technologies, Inc. ARRY$729 millionn/an/a-8.2%-15.9%n/an/a
Unusual Machines, Inc. UMAC$631 millionn/a-9.0%-76.1%425.2%0.00n/a
Vishay Precision Group, Inc. VPG$604 millionn/a-1.0%1.1%11.6%0.05n/a
Kopin Corp. KOPN$603 millionn/a0.7%-30.1%9.3%0.00n/a
T1 Energy Inc. TE$581 millionn/a-190.1%-22.4%427.0%2.730.0%
Lightpath Technologies Inc. LPTH$561 millionn/a-12.8%-24.9%76.5%0.00n/a
indie Semiconductor, Inc. INDI$551 millionn/a-52.5%-59.3%13.9%1.50n/a
Kimball Electronics, Inc. KE$466 million23.153.5%4.4%-1.5%0.40n/a
Methode Electronics Inc. MEI$423 millionn/a-5.5%0.4%1.4%0.471.7%
Clearfield, Inc. CLFD$410 millionn/a-2.9%-0.2%-1.4%0.00n/a
NVE Corp. NVEC$390 million21.8330.8%61.6%24.1%0.005.0%
Adtran Holdings, Inc. ADTN$358 millionn/a-20.9%0.0%10.1%2.32n/a
Everspin Technologies Inc. MRAM$308 millionn/a-3.6%-15.5%20.9%0.010.0%
Turtle Beach Corp. TBCH$298 millionn/a-0.6%3.2%-13.0%0.93n/a
M-tron Industries, Inc. MPTI$283 million23.988.0%18.5%11.8%0.00n/a
Nano Dimension Ltd. NNDM$266 millionn/a-34.4%-117.3%n/a0.04n/a
BK Technologies Corp. BKTI$259 million20.2226.2%17.9%15.7%0.00n/a
Aviat Networks, Inc. AVNW$204 millionn/a-0.2%3.4%-4.2%0.32n/a
Vuzix Corp. VUZI$165 millionn/a-145.3%-521.9%6.8%0.00n/a
Quicklogic Corp. QUIK$151 millionn/an/an/an/a0.24n/a
Espey MFG & Electronics Corp. ESP$143 million12.2018.5%25.1%4.9%0.002.1%
Aeluma, Inc. ALMU$142 millionn/a-16.1%-228.3%-4.4%0.00n/a
GCT Semiconductor Holding, Inc. GCTS$132 millionn/an/a-852.0%-32.8%n/an/a
GSI Technology Inc. GSIT$123 millionn/a-22.8%-100.8%2.9%0.00n/a
Atomera Inc. ATOM$113 millionn/a-69.6%-10,969.4%476.3%0.00n/a
Magnachip Semiconductor Corp. MX$96 millionn/a-12.3%-24.2%-12.8%0.19n/a
Kulr Technology Group, Inc. KULR$93 millionn/a-116.0%-276.0%-0.4%0.00n/a
R F Industries Ltd. RFIL$79 million32.936.3%4.6%13.0%0.15n/a
Inseego Corp. INSG$70 millionn/an/a-10.4%-3.6%n/an/a
AmpliTech Group, Inc. AMPG$64 millionn/a-17.1%-34.7%24.2%0.00n/a
Tigo Energy, Inc. TYGO$54 million4.0627.3%-3.7%15.3%0.05n/a
LGL Group Inc. LGL$43 millionn/a-0.5%-21.8%9.3%0.00n/a
72 companies share its SEC industry code (Semiconductors & Related Devices); the rest are the names nearest in size in its wider industry, Electronic Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Annual reports on EDGAR

FormYear toFiled
20-F31 March 202626 May 2026EDGAR
20-F31 March 202528 May 2025EDGAR
20-F31 March 202429 May 2024EDGAR