Arm Holdings plc

The grade, in three tenses

Headline 7.2 out of ten, 8 of 9 metrics filed and 1 estimated: past 6.7 out of ten, present 7.1 out of ten, future 7.8 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

• Surviving crises (past): 7.6 out of ten. No warning events in its filings since 2023. 76th percentile among 99 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Track record (past): 7.8 out of ten. +16.2% a year over 5 filed years; profitable in 5 of 5. 78th percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Shareholder treatment (past): 3.0 out of ten. Share count grew 1.3% a year. 0% of cash flow returned. Insiders: 41 sales, 0 purchases. 30th percentile among 67 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Financial health (present): 7.4 out of ten. ROE 11%: 11¢ of profit per shareholder dollar. Leverage 23%: owes 23¢ per asset dollar. 74th percentile among 95 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Industry position (present): 8.1 out of ten. top 20% of 97 in its family; net margin 18.4%. 80th percentile among 97 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Leadership (present): 5.3 out of ten. CrossAssetData estimate 5.3/10, confidence 20 of 100 (family median). 50th percentile among 78 sector filers. A CrossAssetData estimate, not a filed reading: family median, confidence 20 of 100; its next annual report on file with the inputs replaces this estimate with the filed reading.
• Room to expand (future): 8.4 out of ten. top 16% of 94 in its family for room to expand. 84th percentile among 94 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Growth drivers (future): 8.4 out of ten. top 16% of 93 in its family for growth drivers. 84th percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Expectations vs reality (future): 5.5 out of ten. top 45% of 88 in its family for expectations against reality. 55th percentile among 88 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 20-F filed 2026-05-26 for the period ended 2026-03-31 (on EDGAR). Newest filing: Form 4, 2026-09-23. Filings on record since 2023. Read from EDGAR 2026-10-12.

How the company works

Read from its Form 20-F filed 2026-05-26.

The people

Rene Haas has been chief executive and a director since February 2022. He joined Arm in October 2013 to run strategic alliances, became chief commercial officer two years later and led its IP product groups from January 2017; before Arm he spent seven years at NVIDIA running its computing products business. He has sat on SoftBank Group's board since June 2023, and in April 2026 he also became chief executive of SoftBank Group International. Jason Child, chief financial officer since November 2022, came from the same post at Splunk after more than 11 years in finance at Amazon. Richard Grisenthwaite, the chief architect, joined in March 1997 and has led the architecture's development for more than 20 years; Will Abbey, chief commercial officer since April 2023, joined in 2004. [1, 2, 3, 4, 5, 6, 7, 8, 9]

SoftBank Group controls the company. It owned about 86.4% of the shares in May 2026, has pledged shares equal to a 72.0% stake as security for an 8.5 billion dollar loan taken by one of its subsidiaries, and designated every non-executive director. Its founder, Masayoshi Son, has chaired Arm's board since March 2018. Beside him sit Ronald D. Fisher, on SoftBank Group's board from 1997 and its vice chairman from 2017 to 2022, and directors from the industry: Paul E. Jacobs, once chief executive of Qualcomm; Young Sohn, once president and chief strategy officer of Samsung Electronics; Rosemary Schooler, after 33 years at Intel; Karen E. Dykstra, once chief financial officer of VMware; and Jeffrey A. Sine of The Raine Group. The insider record this site holds begins on a single day in March 2026, when all fifteen filers on it, SoftBank Group included, first filed. [10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21]

Arm employed 9,584 people in 19 countries at the end of March 2026, up from 8,330 a year earlier, and about 84% of them work in engineering. The largest group, 3,943, is in the United Kingdom, followed by 2,023 in the United States and 1,829 in India; over the year it also used an average of 2,820 temporary workers. Employees in France and Hungary are represented by works councils, and the company says it has never had a work stoppage. In October 2025 it began a restructuring to align its engineering workforce with its strategic business activities. [22, 23, 24, 25]

How it operates

Arm designs processor technology and licenses it to others. Its core product is the CPU, the central processor, and the architecture behind it: the set of instructions that software is written for, which it calls a common language for developers. Around it sit graphics and neural processors, system components and compute subsystems, meaning pre-integrated, pre-verified bundles of its designs. Chip makers, device makers and cloud providers license these to build their own chips; more than 350 billion Arm-based chips had been reported shipped by March 2026, and more than 22 million developers work on its platform. In March 2026 it announced its first chip of its own, the Arm AGI CPU, with production expected by the end of calendar 2026. [26, 27, 28, 29, 30, 31, 32]

It earns in two ways, each about half of revenue. Customers pay license fees for access to the designs, under single-design licenses, portfolio deals called Arm Total Access and Arm Flexible Access, compute subsystem deals, or architecture licenses that let them design their own compatible CPUs. Then Arm collects a royalty on substantially every chip shipped with its technology, set as a share of the chip's selling price or a fixed fee per chip, and rising as more Arm products go into a chip. In fiscal 2026, the year to March, royalties brought in 2.6 billion dollars, 53.1% of revenue, and license and other revenue 2.3 billion, 46.9%. It reports in US dollars; less than 2% of revenue is in other currencies. [33, 34, 35, 36, 37]

Revenue is concentrated. The top five customers, Arm China and SoftBank Group among them, took about 57% of fiscal 2026 revenue, and three customers each took more than a tenth: 16%, 14% and 12%. The largest, Arm China, holds the exclusive right to sublicense Arm's designs to Chinese companies, and substantially all of Arm's revenue from China flows through it, yet Arm owns only an indirect stake of about 4.8% in it. Qualcomm, which Arm is fighting in court, took 9%. [38, 39, 40, 41, 42, 43]

About three tenths of revenue, $1,499 million, came from related parties: Arm China, companies in which Arm holds an equity stake, and businesses under SoftBank Group's common control. Arm China accounted for $790.6 million of it. Under a consulting agreement Arm advises SoftBank and its affiliates on deals, licensing and partnerships, and it has been engaged to advise on or design chips for SoftBank affiliates; revenue from those licensing and servicing arrangements rose to $704.4 million from $145.5 million, and at year end the SoftBank affiliate owed $645.8 million in contract assets, revenue booked but not yet billed. [44, 45, 46, 47, 48, 49]

Counted by where customers have their headquarters, the United States brought in 1.8 billion dollars, 35.8% of fiscal 2026 revenue; China 874.0 million, 17.8%; Japan 825.0 million, 16.8%, up 178.7% on the year; Taiwan 14.1%; and South Korea 8.0%. Arm is based in Cambridge in the United Kingdom, in about 418,793 square feet of leased offices, with research and development centers in the United Kingdom, Europe, North America, India and Asia Pacific. Manufacturing is left to others: licensees mostly hire foundries, concentrated in Taiwan and East Asia, to make their Arm-based chips, and Arm's own AGI CPU depends on third-party foundry partners and contract manufacturers. [36, 50, 51, 52, 53, 54, 55]

The specifics

Arm began in 1990 as a joint venture of Acorn Computers, Apple Computer and VLSI Technology, and its low-power processors took hold in mobile phones in the mid-1990s. It was listed on the London Stock Exchange and Nasdaq from 1998 until SoftBank Group took it private in 2016, and its shares returned to Nasdaq in September 2023, sold by a shareholder, with Arm itself raising nothing. In August 2025 it sold its Artisan foundation IP business, standard cell libraries and memory compilers, to Cadence Design Systems for a pre-tax gain of $131.0 million, and in October 2025 it agreed to buy DreamBig Semiconductor for about $265.0 million in cash for its networking technology and engineers, a deal it expects to close by the end of the second quarter of its fiscal year ending March 2027. [56, 57, 58, 59, 60, 61]

It names its competition as other architectures: x86, and RISC-V, a free, open-source instruction set that some of Arm's own customers back. Some customers design architectures of their own, and the AGI CPU now puts Arm in direct competition with some of its licensees, a conflict the filing warns could cost it significant licensing customers. It holds about 8,600 issued patents with about 2,750 applications pending, and says it has kept more than 99% of the market for mobile applications processors, the main chip in a smartphone, for many years. [62, 63, 64, 65, 66, 67]

Its largest legal fight is with a customer. Arm sued Qualcomm and Nuvia in August 2022, saying they breached the termination terms of Nuvia's architecture license after it was assigned to Qualcomm without Arm's consent. A jury in December 2024 found Qualcomm had not breached it, the court ruled on September 30, 2025 that Nuvia had not either, and Arm has appealed. Qualcomm has sued Arm in turn, alleging it failed its delivery obligations under Qualcomm's own architecture license and adding tort and anti-competition claims; that case is expected to go to trial in the fourth calendar quarter of 2026. [68, 69, 70, 71, 72, 73]

China is reached through a company Arm does not control. About 48% of Arm China is owned by Acetone Limited, which SoftBank Group controls and in which Arm holds a 10% non-voting stake; about 35% belongs to HOPU Investment Management and the rest to other Chinese parties. Its license runs to April 23, 2048 and then renews automatically, and what Arm China pays is worked out from financial information Arm China itself supplies. US export rules on advanced chips can also limit which companies in affected countries Arm may license to directly. [40, 74, 75, 76, 77]

What drives growth, line by line

Royalty. The larger line: 2.6 billion dollars, 53.1% of fiscal 2026 revenue, up 20.5%. The filing credits a better mix of products carrying higher royalty rates per chip, such as its Armv9 technology; from Arm China, royalties rose on higher chip shipments and the same richer mix. Mobile applications processors, the main chips in smartphones, produced about 43% of royalty revenue. [36, 78, 79, 80, 67]

License and Other Revenue. 2.3 billion dollars, 46.9% of revenue, up 25.4%. The filing credits strong demand for Arm IP, the timing and size of several high-value license agreements and backlog from earlier contracts. The growth came from related parties: license and other revenue from outside customers fell 9% to $1,298 million, while from related parties it rose 141% to $1,009 million. [36, 81, 82]

Total revenue rose 23% to $4,920 million, up from 2.7 billion dollars in fiscal 2023. Operating income rose less, to 900.0 million dollars from 831.0 million, because research and development spending climbed 34%, by $705 million, mostly on next-generation products such as the AGI CPU. [83, 84, 85]

What comes next, in the company's own words: production of the AGI CPU by the end of calendar 2026, a move it says may bring materially different margins, revenue recognition and sales cycles from its licensing business; about 28% of $2,071.4 million in remaining performance obligations, contracted revenue not yet recognized, to be recognized over the next 12 months; and a fixed $300 million payment under a restructured SoftBank statement of work, to be paid in the fiscal year ending March 2027. [32, 86, 87, 88, 89]

What the desk infers (inferred, not filed)

• The unnamed customer that took 14% of fiscal 2026 revenue is almost certainly SoftBank Group, Arm's own parent, through the chip design and licensing work its affiliate buys from Arm. Because: The filing counts SoftBank Group among the top five customers and names Arm China as the largest, at 16%; the second largest took 14%. [38, 39] Arm China brought in $790.6 million, matching the largest customer's 16%, and the SoftBank affiliate's arrangements $704.4 million out of total revenue of $4,920 million, a match for the second largest's 14%. [47, 49, 83, 39] The filing reports no material revenue from any other SoftBank-controlled entity besides that affiliate and Ampere. [90] Revenue from customers headquartered in Japan, where SoftBank Group has its address, rose to $825.0 million from $296.0 million in the year the affiliate's arrangements rose to $704.4 million from $145.5 million. [36, 91, 49] Confidence 90 of 100. Wrong if: A filing that names a different company as the second-largest customer, or shows SoftBank Group's revenue split among customers that each stay below 14%.
• Outside its parent, Arm's licensing business shrank in fiscal 2026: the whole rise in license revenue, and more, came from SoftBank's arrangements, while license fees from independent customers fell. Because: License and other revenue from outside customers fell 9%, to $1,298 million from $1,421 million, while from related parties it rose 141%, to $1,009 million from $418 million. [82] The whole license and other line rose by $468 million, while revenue from SoftBank's licensing and servicing arrangements alone rose from $145.5 million to $704.4 million. [81, 49] License revenue earned over time, as a service or design job runs, jumped to $1,080 million from $467 million, while license revenue earned at a single point, the classic delivery of a design, fell to $1,227 million from $1,372 million. [92] Confidence 70 of 100. Wrong if: A breakdown showing that most of the growth in related-party license revenue came from Arm China or equity-method investees rather than from SoftBank's arrangements.
• Arm books the revenue from SoftBank's arrangements well before it bills for it: nearly all of what it recognized from them in each of the last two years was still owed as unbilled contract assets at year end. Because: Revenue from the arrangements was $145.5 million in fiscal 2025, and contract assets from the SoftBank affiliate stood at $145.5 million at that year end. [49] In fiscal 2026 the arrangements brought in $704.4 million, and contract assets from the affiliate stood at $645.8 million at year end. [49] One statement of work was restructured into a fixed $300 million payment due in the fiscal year ending March 2027. [89] Confidence 80 of 100. Wrong if: A later filing showing the contract assets from the SoftBank affiliate were billed and paid within months of each year end, or that they arise from arrangements other than this licensing and servicing work.

Sources

1. Arm Holdings plc, Form 20-F filed 2026-05-26: “Rene Haas has served as our Chief Executive Officer and a Director since February 2022. Prior to being appointed as Chief Executive Officer, Mr. Haas served as President of our IP Product Groups (“IPG”) from January 2017.”
2. Arm Holdings plc, Form 20-F filed 2026-05-26: “Mr. Haas joined the Company in October 2013 as Vice President of Strategic Alliances and two years later was appointed to the Arm Leadership Team (formerly known as the Executive Committee) and named Arm’s Chief Commercial Officer in charge of global sales and marketing.”
3. Arm Holdings plc, Form 20-F filed 2026-05-26: “Before joining the Company, Mr. Haas held several applications management, applications engineering and product engineering roles, including seven years at NVIDIA as Vice President and General Manager of its computing products business.”
4. Arm Holdings plc, Form 20-F filed 2026-05-26: “In addition to his role as Chief Executive Officer, Mr. Haas has sat on the board of SoftBank Group since June 2023. Mr. Haas also provides certain advisory and consulting services to SoftBank Group. In April 2026, Mr. Haas was also appointed as Chief Executive Officer of SoftBank Group International, an operating platform that oversees certain subsidiaries of SoftBank Group.”
5. Arm Holdings plc, Form 20-F filed 2026-05-26: “Jason Child has served as our Executive Vice President and Chief Financial Officer since November 2022.”
6. Arm Holdings plc, Form 20-F filed 2026-05-26: “He most recently served as Senior Vice-President and Chief Financial Officer at Splunk, a technology company specializing in application management, security, and compliance, as well as business and web analytics.”
7. Arm Holdings plc, Form 20-F filed 2026-05-26: “Prior to those roles, he spent more than 11 years leading various global finance teams at Amazon and served as Chief Financial Officer of Amazon International.”
8. Arm Holdings plc, Form 20-F filed 2026-05-26: “Richard Grisenthwaite has served as our Executive Vice President and Chief Architect since March 2022. Mr. Grisenthwaite joined Arm in March 1997, and is responsible for the long-term evolution of our architecture, leading its development for more than 20 years”
9. Arm Holdings plc, Form 20-F filed 2026-05-26: “Will Abbey has served as our Executive Vice President and Chief Commercial Officer since April 2023. Mr. Abbey joined the Company in 2004 and has held a number of leadership roles”
10. Arm Holdings plc, Form 20-F filed 2026-05-26: “As of May 21, 2026, SoftBank Group beneficially owns approximately 86.4% of our total issued and outstanding ordinary shares and is our parent company.”
11. Arm Holdings plc, Form 20-F filed 2026-05-26: “On August 19, 2023, certain subsidiaries of SoftBank Group entered into the SoftBank Group Facility, pursuant to which a subsidiary of SoftBank Group borrowed $8.5 billion either following, or substantially concurrently with, the closing of the IPO”
12. Arm Holdings plc, Form 20-F filed 2026-05-26: “The SoftBank Group Facility is secured by a pledge of 769,029,000 of our ordinary shares held by SoftBank Group, representing a 72.0% equity interest in us as of May 21, 2026.”
13. Arm Holdings plc, Form 20-F filed 2026-05-26: “Pursuant to the terms of the Shareholder Governance Agreement, SoftBank Group has the right to designate seven of the candidates for election to our Board of Directors. Each of our non-executive directors were designated by SoftBank Group for election to our Board of Directors.”
14. Arm Holdings plc, Form 20-F filed 2026-05-26: “Masayoshi Son has served as a Director and Chairman of our Board of Directors since March 2018. From September 2016 to March 2018, Mr. Son served as Chairman of the Board of Directors of Arm Holdings plc. Mr. Son founded SoftBank Group in September 1981 and has been its Chairman and Chief Executive Officer since February 1986.”
15. Arm Holdings plc, Form 20-F filed 2026-05-26: “Mr. Fisher joined the Board of SoftBank Group in 1997 and was Vice Chairman from 2017 to 2022.”
16. Arm Holdings plc, Form 20-F filed 2026-05-26: “Prior to founding XCOM Labs, Dr. Jacobs served as the Chief Executive Officer and Executive Chairman of Qualcomm Inc.”
17. Arm Holdings plc, Form 20-F filed 2026-05-26: “Mr. Sohn previously served as Corporate President and Chief Strategy Officer of Samsung Electronics from August 2012 to December 2020.”
18. Arm Holdings plc, Form 20-F filed 2026-05-26: “During her 33-year career at Intel, Ms. Schooler managed and oversaw sales and corporate strategy for the company’s IoT business.”
19. Arm Holdings plc, Form 20-F filed 2026-05-26: “Ms. Dykstra served as the Chief Financial Officer of VMware, Inc. (“VMware”) in 2023, a position she held while serving on VMware’s board of directors, and leading up to Broadcom Inc.’s acquisition of VMware.”
20. Arm Holdings plc, Form 20-F filed 2026-05-26: “Mr. Sine is the Co-Founder and Partner of The Raine Group LLC, a global merchant bank focused on technology, media, and communications.”
21. The record on this page: the officers and directors who file Forms 3, 4 and 5 (the SEC's insider data sets)
22. Arm Holdings plc, Form 20-F filed 2026-05-26: “We employ a global workforce that spans across 19 countries. As of March 31, 2026, approximately 84% of our 9,584 global employees were engaged in engineering activities delivering products for our partners to schedule and specification as well as driving innovations in our industry. During the fiscal year ended March 31, 2026, we engaged an average of 2,820 temporary employees.”
23. Arm Holdings plc, Form 20-F filed 2026-05-26: “Function March 31, 2026 March 31, 2025 March 31, 2024 (1) Engineering 8,058 6,943 5,887 Non-Engineering 1,526 1,387 1,209 Geographic Distribution United Kingdom 3,943 3,529 3,183 United States 2,023 1,717 1,389 India 1,829 1,525 1,150 Other 1,789 1,559 1,374 Total Employees 9,584 8,330 7,096”
24. Arm Holdings plc, Form 20-F filed 2026-05-26: “We consider relations with our employees to be very positive and have never experienced a work stoppage. Our employees in France and Hungary are represented by works councils.”
25. Arm Holdings plc, Form 20-F filed 2026-05-26: “In October 2025, we commenced a restructuring plan to align our engineering workforce with strategic business activities.”
26. Arm Holdings plc, Form 20-F filed 2026-05-26: “Arm architects, develops, and licenses our high-performance, and energy-efficient Arm compute platforms, and as of March 2026, we have expanded our offerings to include Arm-designed silicon products with the introduction of the Arm AGI CPU. Our CPU products address diverse requirements for performance, power, and specific use cases. Our complementary products include GPU and NPU accelerators, system IP, such as interconnects, and others.”
27. Arm Holdings plc, Form 20-F filed 2026-05-26: “Every CPU has an architecture, which defines the software instructions that can be executed by the CPU. The architecture is essentially a common language for software developers.”
28. Arm Holdings plc, Form 20-F filed 2026-05-26: “These CSSs are pre-integrated and pre-verified configurations of Arm technology that deliver significantly higher value to customers by reducing development costs and time-to-market.”
29. Arm Holdings plc, Form 20-F filed 2026-05-26: “Our primary business is licensing our IP products to semiconductor companies, OEMs, CSPs and other organizations to design their chips.”
30. Arm Holdings plc, Form 20-F filed 2026-05-26: “As of March 31, 2026, more than 350 billion Arm-based chips were reported as shipped cumulatively.”
31. Arm Holdings plc, Form 20-F filed 2026-05-26: “The Arm compute platform is the most pervasive architecture in the world and supports a global community of more than 22 million developers.”
32. Arm Holdings plc, Form 20-F filed 2026-05-26: “As of March 2026, we also expanded our offerings to include Arm-designed silicon products with the introduction of the Arm AGI CPU, with production expected by the end of calendar year 2026.”
33. Arm Holdings plc, Form 20-F filed 2026-05-26: “For our IP products, our customers can choose from several licensing models, each with its own pricing mechanics and level of access to Arm IP products. These include CSS, Arm Total Access, Arm Flexible Access, TLAs and Architecture Licenses. Regardless of the license model a customer uses, we receive a per-unit royalty fee on substantially every chip shipped.”
34. Arm Holdings plc, Form 20-F filed 2026-05-26: “The royalty has typically been based on a percentage of the ASP of the chip or a fixed fee per unit, and it typically increases as more Arm products are included in the chip.”
35. Arm Holdings plc, Form 20-F filed 2026-05-26: “Under an ALA, the licensee is allowed to develop their own highly customized CPU designs that is compliant with the Arm instruction set architecture (“ISA”) for a fixed architecture license fee.”
36. The record on this page: revenue by line and by geography, as tagged in the annual report (the SEC's financial statement data sets)
37. Arm Holdings plc, Form 20-F filed 2026-05-26: “Less than 2% of our total revenue is denominated in currencies other than U.S. dollars, and the impact of changes in foreign exchange rates on our revenue for the fiscal years ended March 31, 2026 and 2025 was immaterial.”
38. Arm Holdings plc, Form 20-F filed 2026-05-26: “In particular, our top five customers (including Arm China and SoftBank Group) collectively accounted for approximately 57%, 56% and 54% of our total revenue for the fiscal years ended March 31, 2026, 2025 and 2024, respectively, and our largest customer individually, Arm China, accounted for approximately 16%, 17% and 21% of our total revenue, respectively, during those fiscal years.”
39. Arm Holdings plc, Form 20-F filed 2026-05-26: “For the fiscal year ended March 31, 2026, the Company had three customers that collectively represented 42% of total revenue, with the single largest customer accounting for 16% of total revenue, the second largest customer accounting for 14% of total revenue, and the third largest customer accounting for 12% of total revenue.”
40. Arm Holdings plc, Form 20-F filed 2026-05-26: “As of the date of this Annual Report, approximately 48% of the equity interest in Arm China is owned by Acetone Limited, which is controlled by SoftBank Group and in which we own a 10% non-voting interest, approximately 35% is indirectly owned by HOPU Investment Management Company, and approximately 17% is directly and indirectly owned by other Chinese parties. Our 10% non-voting interest in Acetone Limited represents an approximate 4.8% indirect ownership interest in Arm China.”
41. Arm Holdings plc, Form 20-F filed 2026-05-26: “Under the IPLA, Arm China licenses certain of our IP from us. In turn, Arm China sublicenses such IP to its PRC customers, as the exclusive distributor of our IP licenses to customers in the PRC.”
42. Arm Holdings plc, Form 20-F filed 2026-05-26: “We utilize our commercial relationship with Arm China to access the PRC market for IP revenue, and substantially all of our PRC-related revenue is generated through the IPLA with Arm China, a related party.”
43. Arm Holdings plc, Form 20-F filed 2026-05-26: “We can provide no assurances regarding the outcome of either litigation or how the litigation will affect our relationship with or revenue from Qualcomm, which is currently a major customer of ours and accounted for 9% of our total revenue for the fiscal year ended March 31, 2026.”
44. Arm Holdings plc, Form 20-F filed 2026-05-26: “Revenue from related parties 1,499 30 % 823 21 % 724 22”
45. Arm Holdings plc, Form 20-F filed 2026-05-26: “Revenue from related parties is derived from Arm China, customers in which we have an equity method investment, and other entities related to us by virtue of common control by SoftBank Group.”
46. Arm Holdings plc, Form 20-F filed 2026-05-26: “We are party to a consulting agreement with SoftBank Group pursuant to which we provide to SoftBank Group and its affiliates certain technical consultancy and advisory services relating to potential transactions, strategic partnerships, licensing agreements, commercial arrangements or other arrangements involving SoftBank Group or its affiliates (the “Consulting Agreement”).”
47. Arm Holdings plc, Form 20-F filed 2026-05-26: “For the fiscal years ended March 31, 2026, 2025 and 2024, the Company recognized revenue under the terms of the IPLA with Arm China of $790.6 million, $670.4 million and $670.8 million, respectively”
48. Arm Holdings plc, Form 20-F filed 2026-05-26: “For example, we have been, and may in the future be, engaged to advise on or design chips for certain existing customers and other third parties, including affiliates of SoftBank Group, across a variety of use cases and end markets.”
49. Arm Holdings plc, Form 20-F filed 2026-05-26: “For the fiscal years ended March 31, 2026 and 2025, revenue from the licensing and servicing arrangements was $704.4 million and $145.5 million, respectively. As of March 31, 2026 and 2025, the Company had current contract assets of $645.8 million and $145.5 million, respectively, from the affiliate of SoftBank Group.”
50. Arm Holdings plc, Form 20-F filed 2026-05-26: “Revenue by geographic region is allocated to individual countries based on the principal headquarters of the customers.”
51. Arm Holdings plc, Form 20-F filed 2026-05-26: “Our global headquarters are located in Cambridge, U.K., occupying approximately 418,793 square feet of leased office space in the aggregate, with the leases expiring between 2032 and 2044.”
52. Arm Holdings plc, Form 20-F filed 2026-05-26: “we have global operations and research and development centers in the U.K., Europe, North America, India, and Asia-Pacific.”
53. Arm Holdings plc, Form 20-F filed 2026-05-26: “Many of our customers utilize third-party vendors for EDA tools and also outsource the manufacture of their semiconductor designs to foundries.”
54. Arm Holdings plc, Form 20-F filed 2026-05-26: “The chip manufacturing operations of these companies are concentrated in certain geographic regions, including Taiwan and other parts of East Asia”
55. Arm Holdings plc, Form 20-F filed 2026-05-26: “If we underestimate demand, and our third-party foundry partners and contract manufacturers are unable to increase production or provide sufficient supply, we may not be able to meet customer demand or achieve our expected time to market in a timely manner, or at all.”
56. Arm Holdings plc, Form 20-F filed 2026-05-26: “Established in 1990, Arm began as a joint venture between Acorn Computers, Apple Computer, and VLSI Technology. We were publicly listed on the London Stock Exchange and the Nasdaq Stock Market from 1998 until 2016, when we were taken private by SoftBank Group, our controlling shareholder.”
57. Arm Holdings plc, Form 20-F filed 2026-05-26: “Our CPUs initially gained significant traction in mobile phones in the mid-1990s because our energy-efficient processors provided an appropriate level of performance while consuming little power”
58. Arm Holdings plc, Form 20-F filed 2026-05-26: “our ADSs began trading on the Nasdaq Global Select Market under the ticker symbol “ARM” on September 14, 2023.”
59. Arm Holdings plc, Form 20-F filed 2026-05-26: “We did not receive any proceeds from the sale of the ADSs in the IPO.”
60. Arm Holdings plc, Form 20-F filed 2026-05-26: “On August 26, 2025, the Company completed the sale of its Artisan foundation IP business, consisting of standard cell libraries, memory compilers, and general-purpose I/Os to Cadence Design Systems, Inc. (“Cadence”) pursuant to the terms of the definitive agreement entered into in April 2025. For the fiscal year ended March 31, 2026, the Company recognized pre-tax gain on business divestiture of $131.0 million”
61. Arm Holdings plc, Form 20-F filed 2026-05-26: “In October 2025, the Company entered into a definitive agreement to acquire all of the outstanding equity interests of DreamBig Semiconductor, Inc. (“DreamBig”) for approximately $265.0 million in cash, subject to purchase price adjustments. The addition of DreamBig’s advanced networking capabilities, technology, and engineering expertise is expected to enhance the Company’s portfolio and help it deliver more complete solutions. The transaction is expected to close by the end of the second quarter of the fiscal year ending March 31, 2027”
62. Arm Holdings plc, Form 20-F filed 2026-05-26: “We face significant competition from established technologies such as the x86 architecture, as well as from free, open-source technologies, including the RISC-V architecture. Some of our customers are also major supporters of the RISC-V architecture and related technologies.”
63. Arm Holdings plc, Form 20-F filed 2026-05-26: “Furthermore, certain semiconductor companies, including some of our existing customers, have designed or are in the process of designing their own architectures in markets such as smartphone application processors, other mobile chips, consumer electronics, IoT and embedded computing, networking equipment, automotive, and cloud compute.”
64. Arm Holdings plc, Form 20-F filed 2026-05-26: “For example, some of our customers may face direct competition from us in silicon production products, such as with the Arm AGI CPU.”
65. Arm Holdings plc, Form 20-F filed 2026-05-26: “The loss of one or more significant licensing customers as a result of these competitive conflicts could have a material adverse effect on our licensing revenue and could materially harm our business, results of operations, financial condition, and prospects.”
66. Arm Holdings plc, Form 20-F filed 2026-05-26: “As of March 31, 2026, we owned or co-owned approximately 8,600 issued patents and have approximately 2,750 patent applications pending worldwide.”
67. Arm Holdings plc, Form 20-F filed 2026-05-26: “We have maintained market share in the mobile applications processor market of greater than 99% for many years, by virtue of all key mobile operating systems depending on Arm processors. Our royalty revenue from the mobile applications processors market constituted approximately 43% of our total royalty revenue for the fiscal year ended March 31, 2026.”
68. Arm Holdings plc, Form 20-F filed 2026-05-26: “On August 31, 2022, we sued Qualcomm Inc. and Qualcomm Technologies, Inc. (together, “Qualcomm”) and Nuvia, Inc. (“Nuvia”) in the U.S. District Court for the District of Delaware alleging that, inter alia, Qualcomm and Nuvia breached the termination provisions of Nuvia’s Architecture License Agreement (the “Nuvia ALA”) with us by failing to destroy technology Nuvia developed under the Nuvia ALA, which we terminated in March 2022 based on Nuvia’s failure to obtain our consent to the assignment of the Nuvia ALA to Qualcomm.”
69. Arm Holdings plc, Form 20-F filed 2026-05-26: “The claims were tried to a jury in December 2024. The jury failed to reach a complete verdict on the three issues presented to it. The jury concluded that certain technology was licensed to Qualcomm under the Qualcomm license and that Qualcomm had not breached the Nuvia ALA but failed to reach a verdict on whether Nuvia breached the Nuvia ALA.”
70. Arm Holdings plc, Form 20-F filed 2026-05-26: “On September 30, 2025, the Court affirmed the jury verdict on the issues on which it reached a conclusion and granted Qualcomm judgment as a matter of law in its favor to conclude that Nuvia did not breach the Nuvia ALA. We have filed an appeal with the United States Court of Appeals for the Third Circuit, which is currently pending.”
71. Arm Holdings plc, Form 20-F filed 2026-05-26: “In this new action, Qualcomm asserted that we failed to satisfy certain delivery obligations under Qualcomm’s Architecture License Agreement with us (the “Qualcomm ALA”).”
72. Arm Holdings plc, Form 20-F filed 2026-05-26: “On December 16, 2024, Qualcomm amended its complaint to add allegations relating to an Arm notice of breach of the Qualcomm ALA and related tort and anti-competition claims.”
73. Arm Holdings plc, Form 20-F filed 2026-05-26: “The case is expected to go to trial in the fourth calendar quarter of 2026.”
74. Arm Holdings plc, Form 20-F filed 2026-05-26: “Neither we nor SoftBank Group control the operations of Arm China, which operates independently of us.”
75. Arm Holdings plc, Form 20-F filed 2026-05-26: “The initial term of the IPLA is through April 23, 2048, after which the IPLA will automatically renew for consecutive 10-year periods”
76. Arm Holdings plc, Form 20-F filed 2026-05-26: “Under the IPLA, Arm China’s payments due to us are determined based on the financial information that Arm China provides to us.”
77. Arm Holdings plc, Form 20-F filed 2026-05-26: “The collective impact of the rules, described below, have in the past and may in the future reduce our ability to license our products directly to entities and end users in affected countries and could potentially harm our commercial relationships by limiting the ability of certain of our customers and partners to manufacture, ship, or receive chips and end products incorporating certain of our products.”
78. Arm Holdings plc, Form 20-F filed 2026-05-26: “year ended March 31, 2025, driven by an improved mix of products with higher royalty rates per chip, such as Armv9 technology.”
79. Arm Holdings plc, Form 20-F filed 2026-05-26: “Royalty revenue increased $445 million, or 21%, during the fiscal year ended March 31, 2026 as compared to the fiscal”
80. Arm Holdings plc, Form 20-F filed 2026-05-26: “Royalty revenue for the fiscal year ended March 31, 2026 increased driven primarily by higher chip shipments and an improved mix of products with higher royalty rates per chip.”
81. Arm Holdings plc, Form 20-F filed 2026-05-26: “License and other revenue increased $468 million, or 25%, during the fiscal year ended March 31, 2026, as compared to the fiscal year ended March 31, 2025, primarily driven by continued strong demand for Arm IP, as well as fluctuation in timing and size of multiple high-value license agreements and contributions from backlog into the current period from arrangements entered in prior periods.”
82. Arm Holdings plc, Form 20-F filed 2026-05-26: “License and Other Revenue $ 1,298 $ 1,421 (9) % $ 1,009 $ 418 141 % $ 2,307 $ 1,839 25”
83. Arm Holdings plc, Form 20-F filed 2026-05-26: “Total revenue increased $913 million, or 23%, to $4,920 million during the fiscal year ended March 31, 2026, from total revenue of $4,007 million during the fiscal year ended March 31, 2025.”
84. The record on this page: the filed annual figures (EDGAR's company facts)
85. Arm Holdings plc, Form 20-F filed 2026-05-26: “Research and development expenses increased by $705 million, or 34%, during the fiscal year ended March 31, 2026, as compared to the fiscal year ended March 31, 2025, primarily due to increases in research and development expenses related to investments in next generation products, such as the Arm AGI CPU.”
86. Arm Holdings plc, Form 20-F filed 2026-05-26: “In addition, our expansion into production silicon may have materially different margin profiles, revenue recognition characteristics, and sales cycles compared to our IP licensing business”
87. Arm Holdings plc, Form 20-F filed 2026-05-26: “As of March 31, 2026, the aggregate transaction price allocated to remaining performance obligations was $2,071.4 million.”
88. Arm Holdings plc, Form 20-F filed 2026-05-26: “The Company expects to recognize approximately 28% of remaining performance obligations as revenue over the next 12 months, 21% over the subsequent 13-to 24-month period, and the remainder thereafter.”
89. Arm Holdings plc, Form 20-F filed 2026-05-26: “During the fiscal year ended March 31, 2026, we also agreed to modify the structure of one of the statements of work under the Consulting Agreement resulting in a fixed payment amount of $300 million, which will be paid during the fiscal year ending March 31, 2027.”
90. Arm Holdings plc, Form 20-F filed 2026-05-26: “For the fiscal years ended March 31, 2026 and 2025, the Company did not recognize material revenue or other income from other entities controlled by SoftBank Group besides an affiliate of SoftBank Group and Ampere.”
91. Arm Holdings plc, Form 20-F filed 2026-05-26: “The address for SoftBank Group is 1-7-1 Kaigan, Minato-ku, Tokyo 105-7537, Japan.”
92. Arm Holdings plc, Form 20-F filed 2026-05-26: “(1) Includes over-time revenue of $1,080 million, $467 million and $121 million and point-in-time revenue of $1,227 million, $1,372 million and $1,310 million for the fiscal years ended March 31, 2026, 2025 and 2024, respectively.”

Where the revenue comes from

Product and service lines in fiscal 2026: Royalty 53%, License and Other Revenue 47%. By geography: United States 36%, China 18%, Japan 17%, Taiwan 14%, South Korea 8%, Other Countries 8%. As tagged in its annual report (Form 20-F, filed 2026-05-26).

Who runs it

Haas, Rene A. (Chief Executive Officer); Child, Jason (Chief Financial Officer); Abbey, William (Chief Commercial Officer); Bartels, Laura Kathleen (Chief Accounting Officer); Eaton, Charlotte Claire (Chief People Officer); Collins, Spencer (Chief Legal Officer); Grisenthwaite, Richard Roy (Chief Architect); Sine, Jeffrey (director); Dykstra, Karen E (director); Fisher, Ronald D (director); and 5 more. 15 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.

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