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# Arm Holdings plc (ARM) - Recent Events Arm is a foreign private issuer. It reports in US dollars, so every amount below is as stated in the filings. Its fiscal year ends March 31 (fiscal 2027 began April 1, 2026), and it furnishes interim results on Form 6-K rather than Form 10-Q. ## Filings that contain financial statements - **Form 6-K filed 2026-07-29, accession 0001973239-26-000114.** Unaudited condensed consolidated financial statements for the three months ended June 30, 2026 (first quarter of fiscal 2027) with notes and management's discussion: income statement, balance sheet (June 30, 2026 against March 31, 2026), cash flow statement and statement of shareholders' equity. This is the primary interim source. - **Form 6-K filed 2026-07-29, accession 0001973239-26-000113 (Exhibit 99.2, shareholder letter).** Condensed income statement, balance sheet and cash flow statement for the same quarter, plus GAAP to non-GAAP reconciliations and free cash flow reconciliations. - **Form 6-K filed 2026-05-06, accession 0001973239-26-000062 (Exhibit 99.2).** Shareholder letter with quarterly and full-year financial statements for the fourth quarter and fiscal year ended March 31, 2026. - **Form 6-K filed 2026-02-04, accession 0001973239-26-000006** (and shareholder letter in accession 0001973239-26-000005, Exhibit 99.2). Interim financial statements for the three and nine months ended December 31, 2025. - **Form 6-K filed 2025-11-05, accession 0001973239-25-000043** (and shareholder letter in accession 0001973239-25-000042, Exhibit 99.2). Interim financial statements for the three and six months ended September 30, 2025. - **Form 6-K filed 2026-09-18, accession 0001973239-26-000135 (Exhibit 99.1).** U.K. Annual Report and Accounts (consolidated financial statements) for the fiscal year ended March 31, 2026. Form 6-K filed 2025-09-18, accession 0001973239-25-000035, is the equivalent report for the fiscal year ended March 31, 2025. The audited annual statements for fiscal 2026 are in the Annual Report on Form 20-F filed with the SEC on May 26, 2026. ## Earnings and guidance - **2026-07-29, first quarter of fiscal 2027 (accessions 0001973239-26-000113 and -000114).** Total revenue was $1,289 million, up 22% from $1,053 million. Royalty revenue was $715 million (up 22%) and license and other revenue was $574 million (up 23%). Data center royalties more than doubled year over year. GAAP operating income was $91 million against $114 million a year earlier, and GAAP net income was $270 million ($0.25 per diluted share against $0.12). Non-GAAP operating income was $531 million and non-GAAP diluted EPS was $0.45 against $0.35. Operating cash flow was $902 million and non-GAAP free cash flow was $665 million. Cash, cash equivalents and short-term investments totaled $3,888 million. Results were above the guidance given in May (revenue $1.26 billion +/- $50 million; non-GAAP EPS $0.40 +/- $0.04). - **Guidance given 2026-07-29 for the second quarter of fiscal 2027:** revenue of $1.38 billion +/- $50 million, non-GAAP operating expenses of about $780 million, and non-GAAP diluted EPS of $0.47 +/- $0.04. - **Reporting change.** Beginning with this quarter, Arm no longer reports remaining performance obligations or the number of Arm Total Access and Arm Flexible Access licenses in its shareholder letter, saying they are less relevant as the business extends into production silicon. - **2026-05-06, fourth quarter and fiscal 2026 (accession 0001973239-26-000062).** Quarterly revenue was a record $1,490 million, above the $1.470 billion guidance midpoint; royalty revenue $671 million (up 11%) and licensing revenue $819 million (up 29%). Non-GAAP EPS was $0.60. Fiscal 2026 revenue was a record $4,920 million (up 23%), with GAAP diluted EPS of $0.85 and non-GAAP EPS of $1.77. First-quarter fiscal 2027 guidance was revenue of $1.26 billion +/- $50 million and non-GAAP EPS of $0.40 +/- $0.04. - **2026-02-04, third quarter of fiscal 2026 (accession 0001973239-26-000005).** Revenue of $1.24 billion (up 26%), royalty revenue $737 million (up 27%), licensing revenue $505 million (up 25%), non-GAAP EPS $0.43. - **2025-11-05, second quarter of fiscal 2026 (accession 0001973239-25-000042).** Revenue of $1.14 billion (up 34%), royalty revenue $620 million (up 21%), licensing revenue $515 million (up 56%). - **2026-03-24, Arm Everywhere investor event (accession 0001973239-26-000052).** The chief financial officer reaffirmed fourth-quarter fiscal 2026 guidance and provided certain long-range financial expectations, which are in the event presentation materials rather than the filing. ## Strategy and products - **2026-03-24, Arm AGI CPU launch (accession 0001973239-26-000050, Exhibit 99.1).** Arm announced its first production silicon products, beginning with the Arm AGI CPU, an Arm-designed data center CPU for agentic AI infrastructure. Meta is lead partner and co-developer. The release names Cerebras, Cloudflare, F5, OpenAI, Positron, Rebellions, SAP and SK Telecom as additional commercial partners. - **Demand update (accessions 0001973239-26-000062 and -000113).** The May 6 and July 29 shareholder letters state customer demand for the Arm AGI CPU of more than $2 billion across fiscal 2027 and fiscal 2028, against the $1 billion opportunity outlined earlier. The July 29 letter says initial product has been delivered to multiple customers and manufacturing capacity has been secured for the $1 billion opportunity. ## M&A and portfolio - **DreamBig Semiconductor - closed.** Arm signed a definitive agreement in October 2025 to acquire all equity of DreamBig Semiconductor, Inc. for approximately $265.0 million in cash, subject to purchase price adjustments. The Form 6-K of 2026-07-29 (accession 0001973239-26-000114) states that on July 1, 2026 Arm "completed the acquisition" of 100% of DreamBig. The closing fell after the June 30, 2026 quarter end, so the acquisition is disclosed as a subsequent event; the initial purchase price allocation was not complete at issuance. - **Artisan foundation IP sale to Cadence - closed.** The sale was completed on August 26, 2025 under an agreement entered into in April 2025. Arm recognized a pre-tax gain of $131.0 million for fiscal 2026 (accession 0001973239-26-000114). - **Ampere.** In November 2025 SoftBank Group acquired all equity interests of Ampere, in which Arm had an equity investment. Arm continues to have licensing and servicing arrangements with Ampere and entered into a development agreement with it effective March 2026 (accession 0001973239-26-000114). ## Legal - **Qualcomm and Nuvia (accession 0001973239-26-000114).** After a December 2024 jury trial, the court on September 30, 2025 affirmed the verdict and granted Qualcomm judgment as a matter of law that Nuvia did not breach its license; Arm has appealed to the Third Circuit and the appeal is pending. In Qualcomm's separate April 2024 action against Arm over delivery obligations under its architecture license, claims against Arm Limited were consolidated in March 2026, and Qualcomm filed an amended complaint on March 30, 2026. Arm disagrees with the assertions and intends to defend vigorously. Trial is expected in the fourth calendar quarter of 2026. ## Management and governance - **2026-04-21, CEO role at SoftBank Group International (accession 0001973239-26-000059).** Rene Haas, Arm's Chief Executive Officer, took on the additional role of Chief Executive Officer of SoftBank Group International effective April 20, 2026. Arm describes the role as limited and part-time; he remains Arm's CEO and a director. - **2026-08-10, notice of Annual General Meeting (accession 0001973239-26-000117).** The meeting was set for September 9, 2026, with ADS holders of record as of July 31, 2026 able to instruct the depositary on voting. - **2026-09-10, AGM results (accession 0001973239-26-000128).** All proposals were approved, including re-election of Masayoshi Son, Rene Haas, Ronald D. Fisher, Jeffrey A. Sine, Karen E. Dykstra, Rosemary Schooler, Paul E. Jacobs and Young Sohn, and re-appointment of Deloitte LLP as auditors. ## Not reflected in these filings The filings reviewed contain no share repurchase program, dividend, debt issuance or going-concern item.