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Arm Holdings share price today

Arm Holdings plc · ARM · Technology · Semiconductors · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

Arm Holdings share price: $192.15 at the close on 4 November 2026, +26.1% in a year.

MixedBusiness trend from the last 12 quarters
$192.15Price +26.1% in a year
218.7×P/E lower than 58% of the last 3.1 years
$1.3 BRevenue (Jun 2026) +22.4% on a year ago
$270 MProfit (Jun 2026) +107.7% on a year ago
7.6%Operating margin −3.2 points on a year ago
11%ROE FY26
13.2%ROIC against a 25.8% cost of capital: −12.6 points

Arm Holdings plc's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

The price has been moving sideways for 3 weeks, and the P/E is lower than 58% of its own last 3.1 years. Over the last four quarters, results have been improving, with profit +107.7% on a year earlier, and 150% of the last 3 years' profit came in as cash. What will decide it: the next one or two quarters of results.

What is the Arm Holdings share price today?

Arm Holdings plc's share price was $192.15 at the close on 4 November 2026. It has been moving sideways for 3 weeks. That is 16.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $105 and $439, and at that close it sat 26% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Arm Holdings plc is in stage 1. The phase helps read everything below.

Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 12 weeks running.

1Y

Nov 2026: $192.15, 16.6% below its 200-day average. The price has been moving sideways for 3 weeks.

  • Price $192.15
  • 50-day avg $256.08
  • 200-day avg $230.29
Nov 2026: $192.15, 16.6% below its 200-day average. The price has been moving sideways for 3 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025$169.82$153.36$139.62
7 Nov 2025$152.38$155.38$139.63
14 Nov 2025$139.77$156.53$139.50
21 Nov 2025$131.57$155.29$138.80
28 Nov 2025$135.56$153.83$138.29
5 Dec 2025$141.31$153.41$137.80
12 Dec 2025$130.89$152.75$137.80
19 Dec 2025$114.03$148.39$137.65
26 Dec 2025$110.27$144.02$137.55
2 Jan 2026$114.73$139.37$137.42
9 Jan 2026$111.79$133.72$137.26
16 Jan 2026$105.78$127.72$137.19
23 Jan 2026$116.07$124.33$137.56
30 Jan 2026$105.36$121.02$137.81
6 Feb 2026$123.70$118.60$138.05
13 Feb 2026$125.28$117.65$138.40
20 Feb 2026$125.58$116.57$138.56
27 Feb 2026$127.45$115.88$138.74
6 Mar 2026$114.38$116.45$138.46
13 Mar 2026$115.75$117.13$138.15
20 Mar 2026$132.35$118.49$138.13
27 Mar 2026$144.13$122.07$138.41
2 Apr 2026$149.11$125.28$138.59
10 Apr 2026$148.93$128.59$138.58
17 Apr 2026$166.73$134.13$138.62
24 Apr 2026$234.81$141.65$139.79
1 May 2026$211.18$149.84$141.28
8 May 2026$213.27$158.59$142.70
15 May 2026$209.16$167.81$144.03
22 May 2026$306.51$182.05$147.07
29 May 2026$353.29$198.44$150.84
5 Jun 2026$342.93$223.81$157.16
12 Jun 2026$380.81$243.00$162.27
18 Jun 2026$439.46$264.53$167.83
26 Jun 2026$334.27$285.30$173.48
2 Jul 2026$315.28$298.72$177.17
10 Jul 2026$323.39$309.20$181.34
17 Jul 2026$267.19$316.22$184.74
24 Jul 2026$260.01$322.24$187.91
31 Jul 2026$239.69$324.65$189.88
7 Aug 2026$282.57$322.21$192.46
14 Aug 2026$279.44$311.30$195.04
21 Aug 2026$243.32$302.36$197.14
28 Aug 2026$239.05$287.86$199.34
4 Sep 2026$252.09$273.58$201.77
11 Sep 2026$264.79$267.08$204.31
18 Sep 2026$275.61$261.06$207.29
25 Sep 2026$310.32$264.32$211.83
2 Oct 2026$307.49$265.79$215.79
9 Oct 2026$266.28$269.86$220.11
16 Oct 2026$227.80$267.88$223.44
23 Oct 2026$210.33$262.40$226.07
30 Oct 2026$205.97$258.73$228.93
4 Nov 2026$192.15$256.08$230.29
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: $192.15, 16.6% below its 200-day average. The price has been moving sideways for 3 weeks.

  • Price $192.15
  • 50-day avg $256.08
  • 200-day avg $230.29
Nov 2026: $192.15, 16.6% below its 200-day average. The price has been moving sideways for 3 weeks.
WeekPrice50-day avg200-day avg
3 Nov 2023$53.49––
10 Nov 2023$52.27––
17 Nov 2023$54.99––
24 Nov 2023$63.88$53.40–
1 Dec 2023$63.90$54.03–
8 Dec 2023$67.23$55.00–
15 Dec 2023$71.03$56.47–
22 Dec 2023$72.29$58.07–
29 Dec 2023$75.14$59.93–
5 Jan 2024$67.05$61.37–
12 Jan 2024$70.00$63.56–
19 Jan 2024$78.58$65.18–
26 Jan 2024$71.17$67.36–
2 Feb 2024$71.00$68.97–
9 Feb 2024$115.21$71.87–
16 Feb 2024$128.34$78.76–
23 Feb 2024$133.34$83.79–
1 Mar 2024$141.62$90.98–
8 Mar 2024$131.48$97.51–
15 Mar 2024$126.97$103.15–
22 Mar 2024$134.15$109.20–
28 Mar 2024$124.99$113.97–
5 Apr 2024$124.82$118.80–
12 Apr 2024$126.33$124.36–
19 Apr 2024$87.19$127.95–
26 Apr 2024$101.95$125.24–
3 May 2024$101.70$122.51–
10 May 2024$108.84$119.33–
17 May 2024$110.35$116.95–
24 May 2024$114.64$115.24–
31 May 2024$120.52$114.73–
7 Jun 2024$136.57$114.80–
14 Jun 2024$157.89$117.44–
21 Jun 2024$160.30$120.43–
28 Jun 2024$163.62$124.37–
5 Jul 2024$181.19$130.18$95.67
12 Jul 2024$181.18$138.26$98.88
19 Jul 2024$163.40$144.86$101.74
26 Jul 2024$149.00$149.63$104.37
2 Aug 2024$113.45$151.43$106.31
9 Aug 2024$117.00$151.05$107.88
16 Aug 2024$130.30$150.99$109.77
23 Aug 2024$135.63$149.90$111.77
30 Aug 2024$132.88$146.68$113.70
6 Sep 2024$117.29$143.65$115.03
13 Sep 2024$147.37$140.82$116.91
20 Sep 2024$138.90$136.53$118.82
27 Sep 2024$145.58$133.90$120.85
4 Oct 2024$140.55$131.69$122.62
11 Oct 2024$151.46$132.59$124.52
18 Oct 2024$153.03$136.79$126.57
25 Oct 2024$143.75$139.14$128.47
1 Nov 2024$141.48$140.96$130.43
8 Nov 2024$147.48$142.32$132.13
15 Nov 2024$128.73$143.60$133.75
22 Nov 2024$135.99$143.30$135.03
29 Nov 2024$134.29$143.10$135.20
6 Dec 2024$140.89$142.73$135.53
13 Dec 2024$151.91$143.13$135.67
20 Dec 2024$132.15$142.43$135.65
27 Dec 2024$129.20$140.46$135.64
3 Jan 2025$141.08$138.58$135.68
10 Jan 2025$140.49$138.58$135.88
17 Jan 2025$149.26$138.37$136.33
24 Jan 2025$162.52$139.98$137.15
31 Jan 2025$159.55$141.46$137.77
7 Feb 2025$162.51$144.59$139.30
14 Feb 2025$159.54$146.87$140.79
21 Feb 2025$144.84$147.87$141.87
28 Feb 2025$131.69$147.03$142.59
7 Mar 2025$125.55$145.50$142.79
14 Mar 2025$117.94$144.04$142.82
21 Mar 2025$119.07$142.29$142.73
28 Mar 2025$107.80$139.77$142.27
4 Apr 2025$87.71$133.95$140.93
11 Apr 2025$103.99$128.49$139.33
17 Apr 2025$100.73$123.68$138.11
25 Apr 2025$113.34$118.16$136.35
2 May 2025$123.27$113.89$134.74
9 May 2025$115.80$112.08$133.66
16 May 2025$135.96$112.80$133.27
23 May 2025$127.18$114.24$133.51
30 May 2025$124.54$115.14$133.82
6 Jun 2025$133.11$116.06$133.85
13 Jun 2025$135.55$119.09$134.04
20 Jun 2025$145.04$123.45$134.32
27 Jun 2025$165.46$128.78$135.20
3 Jul 2025$155.09$133.36$135.57
11 Jul 2025$145.94$137.02$135.79
18 Jul 2025$156.74$140.26$135.96
25 Jul 2025$163.17$144.12$136.49
1 Aug 2025$137.58$146.21$136.67
8 Aug 2025$138.50$146.83$136.24
15 Aug 2025$138.91$148.17$136.10
22 Aug 2025$137.92$148.07$135.77
29 Aug 2025$138.31$147.92$135.66
5 Sep 2025$138.17$146.51$135.58
12 Sep 2025$150.64$145.37$135.99
19 Sep 2025$142.91$145.45$136.34
26 Sep 2025$139.62$144.68$136.39
3 Oct 2025$152.64$143.52$136.47
10 Oct 2025$154.81$143.76$137.07
17 Oct 2025$165.61$146.98$138.09
24 Oct 2025$170.68$149.78$138.89
31 Oct 2025$169.82$153.36$139.62
7 Nov 2025$152.38$155.38$139.63
14 Nov 2025$139.77$156.53$139.50
21 Nov 2025$131.57$155.29$138.80
28 Nov 2025$135.56$153.83$138.29
5 Dec 2025$141.31$153.41$137.80
12 Dec 2025$130.89$152.75$137.80
19 Dec 2025$114.03$148.39$137.65
26 Dec 2025$110.27$144.02$137.55
2 Jan 2026$114.73$139.37$137.42
9 Jan 2026$111.79$133.72$137.26
16 Jan 2026$105.78$127.72$137.19
23 Jan 2026$116.07$124.33$137.56
30 Jan 2026$105.36$121.02$137.81
6 Feb 2026$123.70$118.60$138.05
13 Feb 2026$125.28$117.65$138.40
20 Feb 2026$125.58$116.57$138.56
27 Feb 2026$127.45$115.88$138.74
6 Mar 2026$114.38$116.45$138.46
13 Mar 2026$115.75$117.13$138.15
20 Mar 2026$132.35$118.49$138.13
27 Mar 2026$144.13$122.07$138.41
2 Apr 2026$149.11$125.28$138.59
10 Apr 2026$148.93$128.59$138.58
17 Apr 2026$166.73$134.13$138.62
24 Apr 2026$234.81$141.65$139.79
1 May 2026$211.18$149.84$141.28
8 May 2026$213.27$158.59$142.70
15 May 2026$209.16$167.81$144.03
22 May 2026$306.51$182.05$147.07
29 May 2026$353.29$198.44$150.84
5 Jun 2026$342.93$223.81$157.16
12 Jun 2026$380.81$243.00$162.27
18 Jun 2026$439.46$264.53$167.83
26 Jun 2026$334.27$285.30$173.48
2 Jul 2026$315.28$298.72$177.17
10 Jul 2026$323.39$309.20$181.34
17 Jul 2026$267.19$316.22$184.74
24 Jul 2026$260.01$322.24$187.91
31 Jul 2026$239.69$324.65$189.88
7 Aug 2026$282.57$322.21$192.46
14 Aug 2026$279.44$311.30$195.04
21 Aug 2026$243.32$302.36$197.14
28 Aug 2026$239.05$287.86$199.34
4 Sep 2026$252.09$273.58$201.77
11 Sep 2026$264.79$267.08$204.31
18 Sep 2026$275.61$261.06$207.29
25 Sep 2026$310.32$264.32$211.83
2 Oct 2026$307.49$265.79$215.79
9 Oct 2026$266.28$269.86$220.11
16 Oct 2026$227.80$267.88$223.44
23 Oct 2026$210.33$262.40$226.07
30 Oct 2026$205.97$258.73$228.93
4 Nov 2026$192.15$256.08$230.29
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 3-year window.

Price stage: Rising from Oct 2025 to Dec 2025; Sideways from Dec 2025 to Mar 2026; Rising from Mar 2026 to Oct 2026; Sideways from Oct 2026 to Nov 2026.

Price stage: Rising from Jan 2025 to Feb 2025; Sideways from Feb 2025 to Jun 2025; Sideways from Jun 2025 to Dec 2025; Sideways from Dec 2025 to Mar 2026; Rising from Mar 2026 to Oct 2026; Sideways from Oct 2026 to Nov 2026.

Week by week since 2023: did it beat the S&P 500 over the past 13 weeks?

Ahead in 78 of 152 weeks

Week by week since 2023: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
15 Sep 2023no S&P 500 reading
22 Sep 2023no S&P 500 reading
29 Sep 2023no S&P 500 reading
6 Oct 2023no S&P 500 reading
13 Oct 2023no S&P 500 reading
20 Oct 2023no S&P 500 reading
27 Oct 2023no S&P 500 reading
3 Nov 2023no S&P 500 reading
10 Nov 2023no S&P 500 reading
17 Nov 2023no S&P 500 reading
24 Nov 2023no S&P 500 reading
1 Dec 2023no S&P 500 reading
8 Dec 2023no S&P 500 reading
15 Dec 2023+11.1%
22 Dec 2023+30.8%
29 Dec 2023+29.2%
5 Jan 2024+15.0%
12 Jan 2024+27.4%
19 Jan 2024+49.6%
26 Jan 2024+26.3%
2 Feb 2024+19.0%
9 Feb 2024+106.7%
16 Feb 2024+122.6%
23 Feb 2024+97.2%
1 Mar 2024+109.9%
8 Mar 2024+84.4%
15 Mar 2024+70.1%
22 Mar 2024+75.5%
28 Mar 2024+56.3%
5 Apr 2024+75.4%
12 Apr 2024+73.3%
19 Apr 2024+8.3%
26 Apr 2024+39.0%
3 May 2024+39.8%
10 May 2024−9.4%
17 May 2024−20.0%
24 May 2024−18.3%
31 May 2024−17.7%
7 Jun 2024−0.5%
14 Jun 2024+17.9%
21 Jun 2024+15.0%
28 Jun 2024+26.9%
5 Jul 2024+38.2%
12 Jul 2024+33.8%
19 Jul 2024+76.5%
26 Jul 2024+39.0%
2 Aug 2024+7.3%
9 Aug 2024+5.2%
16 Aug 2024+13.4%
23 Aug 2024+12.1%
30 Aug 2024+3.4%
6 Sep 2024−15.3%
13 Sep 2024−10.2%
20 Sep 2024−17.7%
27 Sep 2024−16.0%
4 Oct 2024−25.7%
11 Oct 2024−19.9%
18 Oct 2024−12.8%
25 Oct 2024−9.9%
1 Nov 2024+17.5%
8 Nov 2024+13.8%
15 Nov 2024−6.9%
22 Nov 2024−5.7%
29 Nov 2024−5.8%
6 Dec 2024+7.6%
13 Dec 2024−4.4%
20 Dec 2024−8.9%
27 Dec 2024−15.4%
3 Jan 2025−2.9%
10 Jan 2025−7.4%
17 Jan 2025−4.7%
24 Jan 2025+8.1%
31 Jan 2025+7.4%
7 Feb 2025+9.8%
14 Feb 2025+19.8%
21 Feb 2025+5.8%
28 Feb 2025−0.5%
7 Mar 2025−5.6%
14 Mar 2025−15.5%
21 Mar 2025−5.3%
28 Mar 2025−10.0%
4 Apr 2025−23.2%
11 Apr 2025−18.0%
17 Apr 2025−20.6%
25 Apr 2025−20.8%
2 May 2025−16.9%
9 May 2025−22.7%
16 May 2025−12.2%
23 May 2025−8.7%
30 May 2025−4.6%
6 Jun 2025+2.0%
13 Jun 2025+8.9%
20 Jun 2025+16.4%
27 Jun 2025+42.8%
3 Jul 2025+53.1%
11 Jul 2025+23.5%
18 Jul 2025+36.4%
25 Jul 2025+28.3%
1 Aug 2025+1.9%
8 Aug 2025+6.7%
15 Aug 2025−6.1%
22 Aug 2025−3.0%
29 Aug 2025+1.6%
5 Sep 2025−4.2%
12 Sep 2025+1.0%
19 Sep 2025−13.1%
26 Sep 2025−23.2%
3 Oct 2025−8.6%
10 Oct 2025+1.4%
17 Oct 2025−0.2%
24 Oct 2025−1.7%
31 Oct 2025+13.7%
7 Nov 2025+4.7%
14 Nov 2025−3.8%
21 Nov 2025−6.7%
28 Nov 2025−7.9%
5 Dec 2025−3.7%
12 Dec 2025−16.8%
19 Dec 2025−22.8%
26 Dec 2025−25.3%
2 Jan 2026−26.9%
9 Jan 2026−34.1%
16 Jan 2026−40.2%
23 Jan 2026−33.8%
30 Jan 2026−39.4%
6 Feb 2026−21.7%
13 Feb 2026−11.8%
20 Feb 2026−9.2%
27 Feb 2026−6.4%
6 Mar 2026−17.1%
13 Mar 2026−8.7%
20 Mar 2026+20.8%
27 Mar 2026+38.9%
2 Apr 2026+34.0%
10 Apr 2026+35.3%
17 Apr 2026+54.9%
24 Apr 2026+98.7%
1 May 2026+96.3%
8 May 2026+65.6%
15 May 2026+58.5%
22 May 2026+135.9%
29 May 2026+166.9%
5 Jun 2026+190.1%
12 Jun 2026+217.0%
18 Jun 2026+216.9%
26 Jun 2026+117.0%
2 Jul 2026+97.9%
10 Jul 2026+106.0%
17 Jul 2026+55.6%
24 Jul 2026+7.2%
31 Jul 2026+9.8%
7 Aug 2026+27.7%
14 Aug 2026+28.6%
21 Aug 2026−23.3%
28 Aug 2026−34.0%
4 Sep 2026−30.9%
11 Sep 2026−33.5%
18 Sep 2026−39.3%
25 Sep 2026−13.0%
2 Oct 2026−5.8%
9 Oct 2026−20.8%
16 Oct 2026−17.4%
23 Oct 2026−22.0%
30 Oct 2026−15.2%
4 Nov 2026−31.2%
Each bar is one week, from 2023 to now (152 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 3.1 years the share price moved +216% while the S&P 500 moved +73%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 14 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does Arm Holdings pay?

Arm Holdings plc pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Which stock lists is Arm Holdings on?

Arm Holdings is on 2 of our US lists: Nasdaq 100 companies and US tech stocks.

Is Arm Holdings profitable?

Arm Holdings plc earned $270 M of net profit in the Jun 2026 quarter, +107.7% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was $904 M. Over 4 years profit has grown 13.3% a year on average. That is 20.9% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned $130 M. 1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was $904 M (+14.1% on the year before).

FY26 profit $904 M (+14.1% on the year before), 13.3% a year over 4 years

  • Net profit $904 M
FY26 profit $904 M (+14.1% on the year before), 13.3% a year over 4 years
QuarterNet profit
FY22$549 M
FY23$524 M
FY24$306 M
FY25$792 M
FY26$904 M

Growth on a year earlier

  • Growth on a year earlier 14.1%
Growth on a year earlier
QuarterGrowth on a year earlier
FY22–
FY23−4.6%
FY24−41.6%
FY25158.8%
FY2614.1%
Top: net profit each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: $270 M (+107.7% on a year earlier), the 2nd quarter in a row of growth

  • Net profit (quarterly) $270 M
Jun 2026: $270 M (+107.7% on a year earlier), the 2nd quarter in a row of growth
QuarterNet profit (quarterly)
Sep 2023−$110 M
Dec 2023$87.0 M
Mar 2024$224 M
Jun 2024$223 M
Sep 2024$107 M
Dec 2024$252 M
Mar 2025$210 M
Jun 2025$130 M
Sep 2025$238 M
Dec 2025$223 M
Mar 2026$313 M
Jun 2026$270 M

Growth on a year earlier

  • Growth on a year earlier 107.7%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023−196.5%
Dec 2023−52.2%
Mar 20247,366.7%
Jun 2024112.4%
Sep 2024–
Dec 2024189.7%
Mar 2025−6.3%
Jun 2025−41.7%
Sep 2025122.4%
Dec 2025−11.5%
Mar 202649%
Jun 2026107.7%
Top: net profit each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +22.4% on a year earlier and the margin moved −3.2 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +66.9% and revenue +25.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit.

How much revenue does Arm Holdings make, and is it growing?

Arm Holdings plc reported $1.3 B of revenue in the Jun 2026 quarter, +22.4% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 16.2% a year on average. The last full year, FY26, came in at $4.9 B.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $5.2 B.

FY26 revenue was $4.9 B, +22.8% on the year before.

FY26 revenue $4.9 B (+22.8% on the year before), 16.2% a year over 4 years

  • Revenue $4.9 B
FY26 revenue $4.9 B (+22.8% on the year before), 16.2% a year over 4 years
QuarterRevenue
FY22$2.7 B
FY23$2.7 B
FY24$3.2 B
FY25$4.0 B
FY26$4.9 B

Growth on a year earlier

  • Growth on a year earlier 22.8%
Growth on a year earlier
QuarterGrowth on a year earlier
FY22–
FY23−0.9%
FY2420.7%
FY2523.9%
FY2622.8%
Top: revenue each year, $ B. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: $1.3 B (+22.4% on a year earlier), the 12th quarter in a row of growth

  • Revenue (quarterly) $1.3 B
Jun 2026: $1.3 B (+22.4% on a year earlier), the 12th quarter in a row of growth
QuarterRevenue (quarterly)
Sep 2023$806 M
Dec 2023$824 M
Mar 2024$928 M
Jun 2024$939 M
Sep 2024$844 M
Dec 2024$983 M
Mar 2025$1.2 B
Jun 2025$1.1 B
Sep 2025$1.1 B
Dec 2025$1.2 B
Mar 2026$1.5 B
Jun 2026$1.3 B

Growth on a year earlier

  • Growth on a year earlier 22.4%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 202327.9%
Dec 202313.8%
Mar 202446.6%
Jun 202439.1%
Sep 20244.7%
Dec 202419.3%
Mar 202533.7%
Jun 202512.1%
Sep 202534.5%
Dec 202526.3%
Mar 202620.1%
Jun 202622.4%
Top: revenue each quarter, $ B. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +25.8% on average, against 16.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +25.1%, against +21.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +49.4%, against +56.9% a year (rolling over).

How much of every $100 of sales does Arm Holdings keep?

Arm Holdings plc's operating margin was 7.6% in the Jun 2026 quarter, 3.2 percentage points lower than the same quarter a year ago. Across 5 years it has been between 2.4% and 26.6%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −3.2 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

FY26: 18.5%, within a range of 2.4% to 26.6% over 5 years

  • Operating margin 18.5%
FY26: 18.5%, within a range of 2.4% to 26.6% over 5 years
QuarterOperating margin
FY2225.1%
FY2326.6%
FY242.4%
FY2520.7%
FY2618.5%

Change on the year before (points)

  • Change on the year before (points) −2.2 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY22–
FY23+1.5 pts
FY24−24.2 pts
FY25+18.3 pts
FY26−2.2 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 5-year window.

Jun 2026: operating margin 7.6% (−3.2 points on a year earlier)

  • Operating margin 7.6%
Jun 2026: operating margin 7.6% (−3.2 points on a year earlier)
QuarterOperating margin
Sep 2023−24.3%
Dec 202317%
Mar 20242.3%
Jun 202419.4%
Sep 20247.6%
Dec 202417.8%
Mar 202533%
Jun 202510.8%
Sep 202514.4%
Dec 202515.4%
Mar 202629.5%
Jun 20267.6%

Change on a year earlier (points)

  • Change on a year earlier (points) −3.2 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023−53.7 pts
Dec 2023−17.0 pts
Mar 2024+4.6 pts
Jun 2024+3.0 pts
Sep 2024+31.9 pts
Dec 2024+0.8 pts
Mar 2025+30.7 pts
Jun 2025−8.6 pts
Sep 2025+6.8 pts
Dec 2025−2.4 pts
Mar 2026−3.5 pts
Jun 2026−3.2 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Arm Holdings' profit turning into cash?

Over the last 3 years, 150% of Arm Holdings plc's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in $1.5 B of operating cash against $904 M of profit. After $545 M of spending on assets, $979 M was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash $1.5 B against profit $904 M; 150% of 3 years' profit came in as cash

  • Operating cash $1.5 B
  • Net profit $904 M
  • Free cash $979 M
FY26: operating cash $1.5 B against profit $904 M; 150% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY22$458 M$549 M$424 M
FY23$739 M$524 M$675 M
FY24$1.1 B$306 M$998 M
FY25$397 M$792 M$178 M
FY26$1.5 B$904 M$979 M
Operating cash flow and net profit each year, $ B. The line is free cash flow: operating cash minus spending on assets. 5-year window, yearly figures.

Jun 2026: operating cash $902 M = 334% of the quarter's profit

  • Operating cash (quarterly) $902 M
Jun 2026: operating cash $902 M = 334% of the quarter's profit
QuarterOperating cash (quarterly)
Sep 2023$227 M
Dec 2023$310 M
Mar 2024$667 M
Jun 2024−$290 M
Sep 2024$6.0 M
Dec 2024$423 M
Mar 2025$258 M
Jun 2025$332 M
Sep 2025$567 M
Dec 2025$365 M
Mar 2026$260 M
Jun 2026$902 M

Operating cash as % of profit

  • Operating cash as % of profit 334%
Operating cash as % of profit
QuarterOperating cash as % of profit
Sep 2023–
Dec 2023356%
Mar 2024298%
Jun 2024−130%
Sep 20246%
Dec 2024168%
Mar 2025123%
Jun 2025255%
Sep 2025238%
Dec 2025164%
Mar 202683%
Jun 2026334%
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does Arm Holdings' cash go?

Arm Holdings plc does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $856 M on assets over the last 3 years. Averaged over those years that is 5.8% of FY26 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $856 M over the last 3 years.

FY26: capex $545 M, up from the year before

  • Capex $545 M
FY26: capex $545 M, up from the year before
QuarterCapex
FY22$34.0 M
FY23$64.0 M
FY24$92.0 M
FY25$219 M
FY26$545 M
Capital spending each year, $ M.

Jun 2026: capex $197 M in the quarter

  • Capex (quarterly) $197 M
Jun 2026: capex $197 M in the quarter
QuarterCapex (quarterly)
Sep 2023$34.0 M
Dec 2023$21.0 M
Mar 2024$11.0 M
Jun 2024$29.0 M
Sep 2024$53.0 M
Dec 2024$63.0 M
Mar 2025$74.0 M
Jun 2025$154 M
Sep 2025$138 M
Dec 2025$179 M
Mar 2026$74.0 M
Jun 2026$197 M

Free cash

  • Free cash $705 M
Free cash
QuarterFree cash
Sep 2023$193 M
Dec 2023$289 M
Mar 2024$656 M
Jun 2024−$319 M
Sep 2024−$47.0 M
Dec 2024$360 M
Mar 2025$184 M
Jun 2025$178 M
Sep 2025$429 M
Dec 2025$186 M
Mar 2026$186 M
Jun 2026$705 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Arm Holdings' P/E ratio, and how does it compare with its own history?

Arm Holdings plc's P/E is 218.7×, in the middle of its own history: higher than 42% of past readings. Its usual P/E (the middle reading) is 240.4×, over 3.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

P/E 218.7× against a usual 240.4×: in the middle of its own history: higher than 42% of past readings

  • P/E 197.3×
  • Median 240.4×
P/E 218.7× against a usual 240.4×: in the middle of its own history: higher than 42% of past readings
WeekP/EMedian
15 Sep 2023156.6×240.4×
22 Sep 2023132.3×240.4×
29 Sep 2023137.9×240.4×
6 Oct 2023321.9×240.4×
13 Oct 2023302.3×240.4×
20 Oct 2023284.9×240.4×
27 Oct 2023292.2×240.4×
3 Nov 2023318.4×240.4×
10 Nov 2023311.1×240.4×
17 Nov 2023327.3×240.4×
24 Nov 2023380.2×240.4×
1 Dec 2023380.4×240.4×
8 Dec 2023400.2×240.4×
15 Dec 2023422.8×240.4×
22 Dec 2023430.3×240.4×
29 Dec 2023447.3×240.4×
5 Jan 2024721.1×240.4×
12 Jan 2024721.1×240.4×
19 Jan 2024721.1×240.4×
26 Jan 2024721.1×240.4×
2 Feb 2024721.1×240.4×
9 Feb 2024721.1×240.4×
16 Feb 2024721.1×240.4×
23 Feb 2024721.1×240.4×
1 Mar 2024721.1×240.4×
8 Mar 2024721.1×240.4×
15 Mar 2024721.1×240.4×
22 Mar 2024721.1×240.4×
28 Mar 2024721.1×240.4×
5 Apr 2024449.0×240.4×
12 Apr 2024454.4×240.4×
19 Apr 2024313.6×240.4×
26 Apr 2024366.7×240.4×
3 May 2024365.8×240.4×
10 May 2024391.5×240.4×
17 May 2024396.9×240.4×
24 May 2024412.4×240.4×
31 May 2024433.5×240.4×
7 Jun 2024491.3×240.4×
14 Jun 2024568.0×240.4×
21 Jun 2024576.6×240.4×
28 Jun 2024588.6×240.4×
5 Jul 2024467.0×240.4×
12 Jul 2024467.0×240.4×
19 Jul 2024421.1×240.4×
26 Jul 2024384.0×240.4×
2 Aug 2024292.4×240.4×
9 Aug 2024301.6×240.4×
16 Aug 2024335.8×240.4×
23 Aug 2024349.6×240.4×
30 Aug 2024342.5×240.4×
6 Sep 2024302.3×240.4×
13 Sep 2024379.8×240.4×
20 Sep 2024358.0×240.4×
27 Sep 2024375.2×240.4×
4 Oct 2024235.0×240.4×
11 Oct 2024253.3×240.4×
18 Oct 2024255.9×240.4×
25 Oct 2024240.4×240.4×
1 Nov 2024236.6×240.4×
8 Nov 2024246.6×240.4×
15 Nov 2024215.3×240.4×
22 Nov 2024227.4×240.4×
29 Nov 2024224.6×240.4×
6 Dec 2024235.6×240.4×
13 Dec 2024254.0×240.4×
20 Dec 2024221.0×240.4×
27 Dec 2024216.1×240.4×
3 Jan 2025186.4×240.4×
10 Jan 2025185.6×240.4×
17 Jan 2025197.2×240.4×
24 Jan 2025214.7×240.4×
31 Jan 2025210.8×240.4×
7 Feb 2025214.7×240.4×
14 Feb 2025210.8×240.4×
21 Feb 2025191.3×240.4×
28 Feb 2025174.0×240.4×
7 Mar 2025165.8×240.4×
14 Mar 2025155.8×240.4×
21 Mar 2025157.3×240.4×
28 Mar 2025142.4×240.4×
4 Apr 2025117.1×240.4×
11 Apr 2025138.8×240.4×
17 Apr 2025134.5×240.4×
25 Apr 2025151.3×240.4×
2 May 2025164.6×240.4×
9 May 2025154.6×240.4×
16 May 2025181.5×240.4×
23 May 2025169.8×240.4×
30 May 2025166.3×240.4×
6 Jun 2025177.7×240.4×
13 Jun 2025181.0×240.4×
20 Jun 2025193.6×240.4×
27 Jun 2025220.9×240.4×
3 Jul 2025235.3×240.4×
11 Jul 2025221.5×240.4×
18 Jul 2025237.8×240.4×
25 Jul 2025247.6×240.4×
1 Aug 2025208.8×240.4×
8 Aug 2025210.2×240.4×
15 Aug 2025210.8×240.4×
22 Aug 2025209.3×240.4×
29 Aug 2025209.9×240.4×
5 Sep 2025209.7×240.4×
12 Sep 2025228.6×240.4×
19 Sep 2025216.9×240.4×
26 Sep 2025211.9×240.4×
3 Oct 2025195.9×240.4×
10 Oct 2025198.7×240.4×
17 Oct 2025212.6×240.4×
24 Oct 2025219.1×240.4×
31 Oct 2025218.0×240.4×
7 Nov 2025195.6×240.4×
14 Nov 2025179.4×240.4×
21 Nov 2025168.9×240.4×
28 Nov 2025174.0×240.4×
5 Dec 2025181.4×240.4×
12 Dec 2025168.0×240.4×
19 Dec 2025146.4×240.4×
26 Dec 2025141.6×240.4×
2 Jan 2026153.2×240.4×
9 Jan 2026149.3×240.4×
16 Jan 2026141.2×240.4×
23 Jan 2026155.0×240.4×
30 Jan 2026140.7×240.4×
6 Feb 2026165.2×240.4×
13 Feb 2026167.3×240.4×
20 Feb 2026167.7×240.4×
27 Feb 2026170.2×240.4×
6 Mar 2026152.7×240.4×
13 Mar 2026154.5×240.4×
20 Mar 2026176.7×240.4×
27 Mar 2026192.4×240.4×
2 Apr 2026176.7×240.4×
10 Apr 2026176.5×240.4×
17 Apr 2026197.6×240.4×
24 Apr 2026278.2×240.4×
1 May 2026250.2×240.4×
8 May 2026252.7×240.4×
15 May 2026247.8×240.4×
22 May 2026363.2×240.4×
29 May 2026418.6×240.4×
5 Jun 2026406.3×240.4×
12 Jun 2026451.2×240.4×
18 Jun 2026520.7×240.4×
26 Jun 2026396.1×240.4×
2 Jul 2026323.7×240.4×
10 Jul 2026332.0×240.4×
17 Jul 2026274.3×240.4×
24 Jul 2026266.9×240.4×
31 Jul 2026246.1×240.4×
7 Aug 2026290.1×240.4×
14 Aug 2026286.9×240.4×
21 Aug 2026249.8×240.4×
28 Aug 2026245.4×240.4×
4 Sep 2026258.8×240.4×
11 Sep 2026271.9×240.4×
18 Sep 2026283.0×240.4×
25 Sep 2026318.6×240.4×
2 Oct 2026315.7×240.4×
9 Oct 2026273.4×240.4×
16 Oct 2026233.9×240.4×
23 Oct 2026215.9×240.4×
30 Oct 2026211.5×240.4×
4 Nov 2026197.3×240.4×

Earnings per share, 12 months

  • Earnings per share, 12 months $0.97
Earnings per share, 12 months
WeekEarnings per share, 12 months
15 Sep 2023–
22 Sep 2023–
29 Sep 2023$0.39
6 Oct 2023$0.39
13 Oct 2023$0.39
20 Oct 2023$0.39
27 Oct 2023$0.39
3 Nov 2023$0.39
10 Nov 2023$0.39
17 Nov 2023$0.39
24 Nov 2023$0.39
1 Dec 2023$0.39
8 Dec 2023$0.39
15 Dec 2023$0.39
22 Dec 2023$0.39
29 Dec 2023$0.17
5 Jan 2024$0.17
12 Jan 2024$0.17
19 Jan 2024$0.17
26 Jan 2024$0.17
2 Feb 2024$0.17
9 Feb 2024$0.17
16 Feb 2024$0.17
23 Feb 2024$0.17
1 Mar 2024$0.17
8 Mar 2024$0.17
15 Mar 2024$0.17
22 Mar 2024$0.17
28 Mar 2024$0.07
5 Apr 2024$0.07
12 Apr 2024$0.07
19 Apr 2024$0.07
26 Apr 2024$0.07
3 May 2024$0.07
10 May 2024$0.07
17 May 2024$0.07
24 May 2024$0.07
31 May 2024$0.07
7 Jun 2024$0.07
14 Jun 2024$0.07
21 Jun 2024$0.07
28 Jun 2024$0.28
5 Jul 2024$0.28
12 Jul 2024$0.28
19 Jul 2024$0.28
26 Jul 2024$0.28
2 Aug 2024$0.28
9 Aug 2024$0.28
16 Aug 2024$0.28
23 Aug 2024$0.28
30 Aug 2024$0.28
6 Sep 2024$0.28
13 Sep 2024$0.28
20 Sep 2024$0.28
27 Sep 2024$0.39
4 Oct 2024$0.39
11 Oct 2024$0.39
18 Oct 2024$0.39
25 Oct 2024$0.39
1 Nov 2024$0.39
8 Nov 2024$0.39
15 Nov 2024$0.39
22 Nov 2024$0.39
29 Nov 2024$0.39
6 Dec 2024$0.39
13 Dec 2024$0.39
20 Dec 2024$0.39
27 Dec 2024$0.60
3 Jan 2025$0.60
10 Jan 2025$0.60
17 Jan 2025$0.60
24 Jan 2025$0.60
31 Jan 2025$0.60
7 Feb 2025$0.60
14 Feb 2025$0.60
21 Feb 2025$0.60
28 Feb 2025$0.60
7 Mar 2025$0.60
14 Mar 2025$0.60
21 Mar 2025$0.60
28 Mar 2025$0.76
4 Apr 2025$0.76
11 Apr 2025$0.76
17 Apr 2025$0.76
25 Apr 2025$0.76
2 May 2025$0.76
9 May 2025$0.76
16 May 2025$0.76
23 May 2025$0.76
30 May 2025$0.76
6 Jun 2025$0.76
13 Jun 2025$0.76
20 Jun 2025$0.76
27 Jun 2025$0.75
3 Jul 2025$0.75
11 Jul 2025$0.75
18 Jul 2025$0.75
25 Jul 2025$0.75
1 Aug 2025$0.75
8 Aug 2025$0.75
15 Aug 2025$0.75
22 Aug 2025$0.75
29 Aug 2025$0.75
5 Sep 2025$0.75
12 Sep 2025$0.75
19 Sep 2025$0.75
26 Sep 2025$0.66
3 Oct 2025$0.66
10 Oct 2025$0.66
17 Oct 2025$0.66
24 Oct 2025$0.66
31 Oct 2025$0.66
7 Nov 2025$0.66
14 Nov 2025$0.66
21 Nov 2025$0.66
28 Nov 2025$0.66
5 Dec 2025$0.66
12 Dec 2025$0.66
19 Dec 2025$0.66
26 Dec 2025$0.78
2 Jan 2026$0.78
9 Jan 2026$0.78
16 Jan 2026$0.78
23 Jan 2026$0.78
30 Jan 2026$0.78
6 Feb 2026$0.78
13 Feb 2026$0.78
20 Feb 2026$0.78
27 Feb 2026$0.78
6 Mar 2026$0.78
13 Mar 2026$0.78
20 Mar 2026$0.78
27 Mar 2026$0.75
2 Apr 2026$0.75
10 Apr 2026$0.75
17 Apr 2026$0.75
24 Apr 2026$0.75
1 May 2026$0.75
8 May 2026$0.75
15 May 2026$0.75
22 May 2026$0.75
29 May 2026$0.75
5 Jun 2026$0.75
12 Jun 2026$0.75
18 Jun 2026$0.75
26 Jun 2026$0.84
2 Jul 2026$0.84
10 Jul 2026$0.84
17 Jul 2026$0.84
24 Jul 2026$0.84
31 Jul 2026$0.84
7 Aug 2026$0.84
14 Aug 2026$0.84
21 Aug 2026$0.84
28 Aug 2026$0.84
4 Sep 2026$0.84
11 Sep 2026$0.84
18 Sep 2026$0.84
25 Sep 2026$0.97
2 Oct 2026$0.97
9 Oct 2026$0.97
16 Oct 2026$0.97
23 Oct 2026$0.97
30 Oct 2026$0.97
4 Nov 2026$0.97
Top: P/E each week. Below: earnings per share, trailing twelve months, a step line that moves once a quarter; 3.1 years of history; short peaks above 721× are drawn at the top edge.

PEG 5.28 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 5.28×
  • PEG = 1.0 1.00×
PEG 5.28 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Sep 20233.88×1.00×
Dec 20231.93×1.00×
Mar 20242.25×1.00×
Jun 20243.28×1.00×
Sep 20243.18×1.00×
Dec 20242.10×1.00×
Mar 20251.79×1.00×
Jun 20253.29×1.00×
Sep 20253.16×1.00×
Dec 20251.94×1.00×
Mar 20262.67×1.00×
Jun 20265.28×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 12 quarters.
218.7×P/E · lower than 58% of its last 3.1 years
2.65PEG · today, as reported

Why the multiple is where it is: over the past year earnings per share moved +13.3% while the price moved +26.1%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved +53.2% a year; about +79.6% a year came from earnings growth and about −26.4 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Is the Arm Holdings business getting better or worse?

Arm Holdings plc's business is giving mixed signals. Growth has been steadily positive, but ROCE at 9.7% is below the 15% level needed to call it steady growth. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +22.8% in FY26, profit +14.1%

  • Revenue growth 22.8%
Growth year by year: revenue +22.8% in FY26, profit +14.1%
QuarterRevenue growth
FY22–
FY23−0.9%
FY2420.7%
FY2523.9%
FY2622.8%

Profit growth, EPS growth

  • Profit growth 14.1%
  • EPS growth 13.3%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY22––
FY23−4.6%−4.8%
FY24−41.6%−43.1%
FY25158.8%158.6%
FY2614.1%13.3%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue accelerating, profit rolling over

  • Revenue 25.1%
Three growth lines over twelve quarters: revenue accelerating, profit rolling over
QuarterRevenue
Sep 2023–
Dec 20238.7%
Mar 202420.7%
Jun 202431.4%
Sep 202424.6%
Dec 202425.7%
Mar 202523.9%
Jun 202517.8%
Sep 202524.8%
Dec 202526.4%
Mar 202622.8%
Jun 202625.1%

Profit, EPS

  • Profit 49.4%
  • EPS 48%
Profit, EPS
QuarterProfitEPS
Sep 2023––
Dec 2023−80.5%−85.3%
Mar 2024−41.6%−45.3%
Jun 20245%0%
Sep 2024256.1%256.2%
Dec 2024300%300%
Mar 2025158.8%169.7%
Jun 202564.9%69.9%
Sep 202529.5%30.3%
Dec 2025−0.6%−1.1%
Mar 202614.1%12.8%
Jun 202649.4%48%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. Extreme jumps from a tiny base are drawn at the edge (▲). A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 9.7%
ROCE: the return line, worked out each quarter
QuarterROCE
Sep 20232.6%
Dec 20230.7%
Mar 20241.3%
Jun 20242.3%
Sep 20246.2%
Dec 20246.4%
Mar 202511.5%
Jun 202510.1%
Sep 202510.8%
Dec 202510.5%
Mar 202610.3%
Jun 20269.7%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highRevenue growth · latest +25.1%, range +8.7% to +31.4%
RisingProfit growth · latest +49.4%, range −80.5% to +848.2%
RisingEPS growth · latest +48.0%, range −85.3% to +977.5%
Stuck lowROCE · latest 9.7%, range 0.7% to 11.5%

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+22.8%+22.5%——
Profit+14.1%+19.9%——
EPS+13.3%+18.6%——
Stock price+26.1%+53.2%——
+22.4%Revenue growth (Jun 2026) · latest quarter against a year ago
+107.7%Profit growth (Jun 2026) · latest quarter against a year ago
16.2%Revenue, 4 years · yearly growth over the long run

How much does Arm Holdings earn on its capital?

Arm Holdings plc earned a ROE of 11% in FY26. That is up from a low of 6% in FY24. Its return on capital used (ROIC) is 12.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

It comes from a 18.4% net margin and 0.46× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 18.4% net margin × 0.46× asset turnover × 1.29× leverage (assets divided by equity) ≈ 10.9% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 13.2% − 25.8% = −12.6 percentage points. The 25.8% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 13.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 14.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

FY26: ROE 11%, the climb back from FY24's 6%

  • ROE 10.9%
  • ROIC (annual) 14.8%
  • Cost of capital 25.8%
FY26: ROE 11%, the climb back from FY24's 6%
QuarterROEROIC (annual)Cost of capital
FY2215.5%26.9%25.8%
FY2312.9%26.3%25.8%
FY245.8%3.3%25.8%
FY2511.6%23.8%25.8%
FY2610.9%14.8%25.8%
Return on equity each year, % (line); ROIC each year, % (line). 5-year window, low years included. The flat line is the 25.8% cost of capital used on this page.

Jun 2026: ROIC 14.9% (last 12 months) against a 25.8% cost of capital

  • ROIC (12 months) 14.9%
  • ROE (12 months) 15.6%
  • Cost of capital 25.8%
Jun 2026: ROIC 14.9% (last 12 months) against a 25.8% cost of capital
QuarterROIC (12 months)ROE (12 months)Cost of capital
Sep 2023–10.2%25.8%
Dec 2023−7.4%−9.8%25.8%
Mar 2024−4.4%7.1%25.8%
Jun 20240.3%17.4%25.8%
Sep 20241.7%16.3%25.8%
Dec 202411%7.3%25.8%
Mar 202512.1%16.2%25.8%
Jun 202521.1%12.7%25.8%
Sep 202517.9%7.5%25.8%
Dec 202519%13.2%25.8%
Mar 202618.9%11.7%25.8%
Jun 202614.9%15.6%25.8%
ROIC and ROE over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Arm Holdings have too much debt?

Arm Holdings plc has total debt of $485 M against shareholder equity of $8.6 B as of Jun 2026, so its debt is 0.06× its equity, which is very little. Year by year, that ratio went from 0.07 in FY22 to 0.06 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY26: debt $491 M, 0.06× equity

  • Total debt $491 M
FY26: debt $491 M, 0.06× equity
QuarterTotal debt
FY22$261 M
FY23$221 M
FY24$226 M
FY25$371 M
FY26$491 M

Debt-to-equity

  • Debt-to-equity 0.06×
Debt-to-equity
QuarterDebt-to-equity
FY220.07×
FY230.05×
FY240.04×
FY250.05×
FY260.06×
Top: total debt each year, $ M. Below: debt-to-equity, ×. 5-year window.

Jun 2026: debt $485 M, debt-to-equity 0.06

  • Total debt (quarterly) $485 M
Jun 2026: debt $485 M, debt-to-equity 0.06
QuarterTotal debt (quarterly)
Sep 2023$214 M
Dec 2023$221 M
Mar 2024$226 M
Jun 2024$254 M
Sep 2024$263 M
Dec 2024$271 M
Mar 2025$371 M
Jun 2025$396 M
Sep 2025$429 M
Dec 2025$461 M
Mar 2026$491 M
Jun 2026$485 M

Debt-to-equity

  • Debt-to-equity 0.06×
Debt-to-equity
QuarterDebt-to-equity
Sep 20230.04×
Dec 20230.04×
Mar 20240.04×
Jun 20240.04×
Sep 20240.04×
Dec 20240.04×
Mar 20250.05×
Jun 20250.06×
Sep 20250.06×
Dec 20250.06×
Mar 20260.06×
Jun 20260.06×
Top: total debt each quarter, $ M. Below: debt-to-equity, ×. Last 12 quarters.

What is the Arm Holdings shareholding pattern?

We have no ownership or short-position figures for Arm Holdings plc, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 3.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

How far is Arm Holdings from balance-sheet trouble?

For Arm Holdings plc, the Z-score is 43.93. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 43.93 is well clear of the danger zone, so the balance sheet is not the risk here.

How does Arm Holdings rank in its industry?

31.8 out of 100, rank 25 of 27 in Semiconductors, with 81% of the evidence available.

Arm Holdings plc scores 31.8 out of 100 against the 27 companies it is compared with in Semiconductors, ranking 25. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 15.3 + 8.7 + 3.7 + 4.1 = 31.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Arm Holdings compared with?

Arm Holdings ranks 25 of 27 Semiconductors companies on the 4-Factor Sector Score, with 31.8 out of 100.

  1. 1Texas Instruments IncorporatedTXN · turning · Most evidence points up · 85% evidence79.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.4/35 · Revenue 20.3% · Profit 41% · Operating margin change 10.8 points · 95% evidenceCapital efficiency 20.6/25 · ROCE 25.2% · Operating margin 47.5% · 76% evidenceValuation 14.1/20 · P/E 36.2× · PEG 0.89 · 65% evidenceRelative strength 19.1/20 · Lead over its industry 19.5% · Lead over S&P 500 20.1% · 1 year 94.2% · 100% evidence · 2 of 12 weeks aheadExact sum: 25.4 + 20.6 + 14.1 + 19.1 = 79.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  2. 2Micron Technology, Inc.MU · quiet · Most evidence points up · 75% evidence76.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 30.9/35 · Revenue 100% · Profit 100% · Operating margin change 48.4 points · 95% evidenceCapital efficiency 19.4/25 · ROCE 59% · Operating margin 80.7% · 76% evidenceValuation 11.4/20 · P/E 12.7× · PEG — · 15% evidenceRelative strength 14.3/20 · Lead over its industry 21.8% · Lead over S&P 500 15.6% · 1 year 234.3% · 100% evidence · 4 of 12 weeks aheadExact sum: 30.9 + 19.4 + 11.4 + 14.3 = 76 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  3. 3Analog Devices, Inc.ADI · turning · Most evidence points up · 85% evidence73.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 28.6/35 · Revenue 33.6% · Profit 100% · Operating margin change 10.9 points · 95% evidenceCapital efficiency 14.7/25 · ROCE 11.6% · Operating margin 39.5% · 76% evidenceValuation 11.9/20 · P/E 43.3× · PEG 1.33 · 65% evidenceRelative strength 17.9/20 · Lead over its industry 6.4% · Lead over S&P 500 8.3% · 1 year 77.9% · 100% evidence · 3 of 12 weeks aheadExact sum: 28.6 + 14.7 + 11.9 + 17.9 = 73.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4NVIDIA CorporationNVDA · quiet · Most evidence points up · 85% evidence66.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.6/35 · Revenue 83.4% · Profit 100% · Operating margin change 5.4 points · 95% evidenceCapital efficiency 21.6/25 · ROCE 71.3% · Operating margin 66.2% · 76% evidenceValuation 15.1/20 · P/E 26× · PEG 0.77 · 65% evidenceRelative strength 9.6/20 · Lead over its industry -8.8% · Lead over S&P 500 -5.7% · 1 year 6.4% · 100% evidence · 4 of 12 weeks aheadExact sum: 20.6 + 21.6 + 15.1 + 9.6 = 66.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5Advanced Micro Devices, Inc.AMD · losing its lead · Most evidence points up · 71% evidence66.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 27.2/35 · Revenue 39.5% · Profit 100% · Operating margin change 19 points · 83% evidenceCapital efficiency 11.1/25 · ROCE 9% · Operating margin 17.3% · 76% evidenceValuation 9.2/20 · P/E 132.2× · PEG — · 15% evidenceRelative strength 18.6/20 · Lead over its industry 28.4% · Lead over S&P 500 24% · 1 year 109.3% · 100% evidence · 3 of 12 weeks aheadExact sum: 27.2 + 11.1 + 9.2 + 18.6 = 66.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6NXP Semiconductors N.V.NXPI · turning · Most evidence points up · 81% evidence65.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.6/35 · Revenue 8.8% · Profit 38.5% · Operating margin change 4.6 points · 83% evidenceCapital efficiency 17.1/25 · ROCE 16.2% · Operating margin 30.4% · 76% evidenceValuation 15.7/20 · P/E 23.5× · PEG 0.59 · 65% evidenceRelative strength 16.0/20 · Lead over its industry 0.7% · Lead over S&P 500 3.4% · 1 year 29.8% · 100% evidence · 2 of 12 weeks aheadExact sum: 16.6 + 17.1 + 15.7 + 16 = 65.4 · What this means: Relative strength against the index is 3.4%, and revenue and profit growth are weak.
  7. 7Broadcom Inc.AVGO · quiet · Evidence leans up · 85% evidence62.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 30.2/35 · Revenue 48.7% · Profit 100% · Operating margin change 16.1 points · 95% evidenceCapital efficiency 20.4/25 · ROCE 26% · Operating margin 54.3% · 76% evidenceValuation 5.8/20 · P/E 48.4× · PEG 5.06 · 65% evidenceRelative strength 6.1/20 · Lead over its industry -19% · Lead over S&P 500 -15.9% · 1 year -6.8% · 100% evidence · 0 of 12 weeks aheadExact sum: 30.2 + 20.4 + 5.8 + 6.1 = 62.5 · What this means: Earnings are strong; relative strength in its sector is -19% and the one-year return is -6.8%.
  8. 8Monolithic Power Systems, Inc.MPWR · quiet · Evidence leans up · 81% evidence55.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.2/35 · Revenue 28.6% · Profit -51.8% · Operating margin change 6.2 points · 83% evidenceCapital efficiency 19.7/25 · ROCE 22.4% · Operating margin 31% · 76% evidenceValuation 5.6/20 · P/E 84.4× · PEG 3.48 · 65% evidenceRelative strength 10.6/20 · Lead over its industry -5.9% · Lead over S&P 500 -4.5% · 1 year 31.7% · 100% evidence · 1 of 12 weeks aheadExact sum: 19.2 + 19.7 + 5.6 + 10.6 = 55.1 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value.
  9. 9Qorvo, Inc.QRVO · Too little evidence to rank firmly · 51% evidence54.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.0/43.75 · Revenue -0.2% · Profit 100% · Operating margin change 11.6 points · 83% evidenceCapital efficiency 14.3/31.25 · ROCE 12.1% · Operating margin 15.8% · 76% evidenceValuation 14.1/25 · P/E 20.7× · PEG — · 15% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 26 + 14.3 + 14.1 = 54.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.
  10. 10Astera Labs, Inc.ALAB · quiet · Evidence leans up · 71% evidence52.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.0/35 · Revenue 98.7% · Profit 100% · Operating margin change 2 points · 83% evidenceCapital efficiency 13.1/25 · ROCE 15.5% · Operating margin 22.7% · 76% evidenceValuation 8.8/20 · P/E 224.1× · PEG — · 15% evidenceRelative strength 5.2/20 · Lead over its industry -7.2% · Lead over S&P 500 -9.9% · 1 year 35.2% · 100% evidence · 0 of 12 weeks aheadExact sum: 25 + 13.1 + 8.8 + 5.2 = 52.1 · What this means: Earnings are strong; relative strength in its sector is -7.2% and the one-year return is 35.2%.
  11. 11Microchip Technology IncorporatedMCHP · quiet · Evidence leans up · 74% evidence52.0out of 100GrowthCapitalValuationRelative
  12. 12QUALCOMM IncorporatedQCOM · turning · Evidence leans up · 81% evidence51.5out of 100GrowthCapitalValuationRelative
  13. 13Silicon Laboratories Inc.SLAB · turning · Too little evidence to rank firmly · 58% evidence50.6out of 100GrowthCapitalValuationRelative
  14. 14Skyworks Solutions, Inc.SWKS · breaking out · Evidence leans down · 64% evidence48.7out of 100GrowthCapitalValuationRelative
  15. 15Lattice Semiconductor CorporationLSCC · quiet · Too little evidence to rank firmly · 58% evidence47.5out of 100GrowthCapitalValuationRelative
  16. 16Credo Technology Group Holding LtdCRDO · quiet · Evidence leans down · 75% evidence47.1out of 100GrowthCapitalValuationRelative
  17. 17ON Semiconductor CorporationON · quiet · Too little evidence to rank firmly · 56% evidence46.3out of 100GrowthCapitalValuationRelative
  18. 18MACOM Technology Solutions Holdings, Inc.MTSI · quiet · Evidence leans down · 68% evidence45.9out of 100GrowthCapitalValuationRelative
  19. 19Semtech CorporationSMTC · losing its lead · Evidence leans down · 67% evidence44.2out of 100GrowthCapitalValuationRelative
  20. 20Rambus Inc.RMBS · quiet · Evidence leans down · 81% evidence42.3out of 100GrowthCapitalValuationRelative
  21. 21Tower Semiconductor Ltd.TSEM · quiet · Evidence leans down · 81% evidence42.2out of 100GrowthCapitalValuationRelative
  22. 22Marvell Technology, Inc.MRVL · losing its lead · Evidence leans down · 67% evidence41.8out of 100GrowthCapitalValuationRelative
  23. 23STMicroelectronics N.V.STM · quiet · Evidence leans down · 64% evidence39.9out of 100GrowthCapitalValuationRelative
  24. 24SiTime CorporationSITM · quiet · Evidence leans down · 64% evidence39.5out of 100GrowthCapitalValuationRelative
  25. 25Arm Holdings plc this pageARM · quiet · Most evidence points down · 81% evidence31.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.3/35 · Revenue 25.1% · Profit 49.4% · Operating margin change -3.2 points · 83% evidenceCapital efficiency 8.7/25 · ROCE 8.9% · Operating margin 7.6% · 76% evidenceValuation 3.7/20 · P/E 362.7× · PEG 7.72 · 65% evidenceRelative strength 4.1/20 · Lead over its industry -9.4% · Lead over S&P 500 -12.8% · 1 year 26.1% · 100% evidence · 0 of 12 weeks aheadExact sum: 15.3 + 8.7 + 3.7 + 4.1 = 31.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  26. 26GLOBALFOUNDRIES Inc.GFS · quiet · Most evidence points down · 64% evidence31.7out of 100GrowthCapitalValuationRelative
  27. 27Intel CorporationINTC · quiet · Most evidence points down · 75% evidence31.2out of 100GrowthCapitalValuationRelative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Semiconductors, all 27 compared on one page.

Which companies are close to Arm Holdings in size?

Arm Holdings is the 8th largest of 59 Semiconductors companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Advanced Micro Devices, Inc., Intel Corporation and Texas Instruments Incorporated. Just below it: Analog Devices, Inc., QUALCOMM Incorporated and Marvell Technology, Inc.

Semiconductors companies close in size

  1. Advanced Micro Devices, Inc. $798 billion
  2. Intel Corporation $309.8 billion
  3. Texas Instruments Incorporated $284.9 billion
  4. Arm Holdings plc $205.2 billion
  5. Analog Devices, Inc. $197 billion
  6. QUALCOMM Incorporated $185.5 billion
  7. Marvell Technology, Inc. $140.2 billion

All 59 Semiconductors companies, largest first

Companies close in size in other industries

  1. Citigroup Inc. $206.5 billion · Banks - Diversified
  2. The Walt Disney Company $205.4 billion · Entertainment
  3. Arm Holdings plc $205.2 billion
  4. BHP Group Limited $202.8 billion · Other Industrial Metals & Mining
  5. Abbott Laboratories $199.9 billion · Medical Devices

What else do people ask about Arm Holdings?

What is Arm Holdings's stock price today?

Arm Holdings plc's stock price is $192.15, +26.1% over the past year. The whole company is worth $205 B on the market.

In the last 52 weeks it traded between $105 to $439; today it is 26% of the way up from the low, 16.6% below its 200-day average (as of 4 November 2026).

What were Arm Holdings's latest quarterly results?

Arm Holdings plc reported revenue of $1.3 B and net profit of $270 M for the Jun 2026 quarter. Revenue rose 22.4% and profit rose 107.7% compared with a year earlier. Earnings per share were $0.25.

The operating margin was 7.6%, 3.2 percentage points lower than a year earlier (as of 4 November 2026).

What is Arm Holdings's market cap?

Arm Holdings plc's market capitalisation is $205 B at a stock price of $192.15. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is Arm Holdings performing?

Arm Holdings plc's share price has been moving sideways for 3 weeks. In its latest quarter, revenue rose 22.4% and profit rose 107.7% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 12 weeks running (as of 4 November 2026).

Will Arm Holdings's stock price go up?

This page does not forecast Arm Holdings plc's stock price. What it shows instead: the stock price is $192.15, and it has been moving sideways for 3 weeks. Its P/E of 218.7× is higher than 42% of its own last 3 years (as of 4 November 2026).

Where is Arm Holdings in its business cycle?

Arm Holdings plc's FY26 operating margin was 18.5%, against a 5-year range of 2.4% to 26.6%: the middle of its own range, neither a peak nor a low. The latest quarter was 7.6%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the Arm Holdings story?

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is Arm Holdings a stock worth studying right now?

What the numbers show: Arm Holdings plc's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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