Arm (ARM) Q4 2026 Earnings
Reported May 6, 2026 at 4:02 PM ET · SEC Source
Q4 26 EPS
$0.60
BEAT +3.57%
Est. $0.58
Q4 26 Revenue
$1.49B
BEAT +1.37%
Est. $1.47B
vs S&P Since Q4 26
+40.1%
BEATING MARKET
ARM +41.9% vs S&P +1.8%
Full Year 2026 Results
FY 26 EPS
$1.77
FY 26 Revenue
$4.92B
Market Reaction
Did ARM Beat Earnings? Q4 2026 Results
Arm Holdings posted a clean beat across both top and bottom lines in Q4 FY2026, with revenue of $1.49 billion rising 20.1% year-over-year and non-GAAP diluted EPS of $0.60 edging past the $0.58 consensus by 3.57%, as the chip architecture giant conti… Read more Arm Holdings posted a clean beat across both top and bottom lines in Q4 FY2026, with revenue of $1.49 billion rising 20.1% year-over-year and non-GAAP diluted EPS of $0.60 edging past the $0.58 consensus by 3.57%, as the chip architecture giant continued to convert its dominant position in AI infrastructure into accelerating financial results. The primary engine behind the quarter was licensing revenue, which climbed 29% year-over-year to $819 million, reflecting strong demand for Arm IP and the timing of high-value agreements, while royalty revenue grew 11% to $671 million, supported by rising Armv9 adoption and data center deployments where royalty revenue more than doubled. The results arrived against a backdrop of notable insider and institutional selling in the weeks prior, though the underlying business momentum clearly held firm. Looking ahead, Arm guided Q1 FY2027 revenue of $1.26 billion and EPS of $0.40, with management flagging more than $2 billion in customer demand for its new AGI CPU across fiscal 2027 and 2028 as the data center becomes an increasingly central growth driver.
Key Takeaways
- • Strong demand for Arm IP with higher royalty rates per chip, including Armv9 architecture and Arm CSS
- • Data center royalty revenue more than doubled year-over-year
- • Timing and size of multiple high-value license agreements
- • Continued adoption of Arm technology in smartphones, Edge AI, Physical AI, and Cloud AI
- • ACV increased 22% year-over-year to $1,660 million
ARM Forward Guidance & Outlook
For Q1 FY2027, Arm guided revenue of $1.26 billion +/- $50 million, non-GAAP operating expenses of approximately $760 million, and non-GAAP fully diluted EPS of $0.40 +/- $0.04. The company expects more than $2 billion of customer demand for Arm AGI CPU across fiscal 2027 and fiscal 2028, and is tracking toward a $15 billion forecast for its silicon business. Management stated that the data center will soon become Arm's largest business, driven by agentic AI demand requiring more than 4x current CPU capacity per gigawatt, representing a market opportunity of more than $100 billion by 2030.
ARM YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
ARM Revenue by Segment
With YoY comparisons, source: SEC Filings
ARM Revenue by Geography
With YoY comparisons, source: SEC Filings
“Arm delivered a third consecutive year of more than 20% revenue growth, driven by strong demand for the Arm compute platform. As AI becomes more agentic, demand for Arm AGI CPU, Arm's first data center chip, has exceeded expectations, reinforcing Arm as the compute platform for the AI era.”
— Rene Haas, Q4 2026 Earnings Press Release
ARM Earnings Trends
ARM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ARM EPS Trend
Earnings per share: estimate vs actual
ARM Revenue Trend
Quarterly revenue: estimate vs actual
ARM Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.58 | $0.60 | +3.57% | $1.49B | +1.37% |
| FY Full Year | — | $1.77 | — | $4.92B | — |
| Q3 26 MISS | $0.41 | $0.21 | -48.68% | $1.24B | +1.24% |
| Q2 26 MISS | $0.33 | $0.22 | -33.69% | $1.14B | +6.97% |
| Q1 26 MISS | $0.35 | $0.35 | -0.31% | $1.05B | -0.77% |