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Mar 31

ARM Q4 2025 Earnings Report

Arm reported record Q4 revenue and royalty income, surpassing the $1B mark for the first time.

Key Takeaways

Arm delivered strong Q4 results with total revenue of $1.241 billion and record royalty and license revenues, driven by increasing deployment of Armv9 chips and AI demand across sectors.

Total revenue reached a record $1.241 billion, up 34% YoY.

Royalty revenue rose to $607 million, reflecting Armv9 and CSS chip demand.

Adjusted EPS climbed to $0.55 from $0.36 YoY.

AI growth across cloud and edge boosted custom silicon and royalty streams.

Total Revenue
$1.24B
Previous year: $928M
+33.7%
EPS
$0.55
Previous year: $0.36
+52.8%
Remaining Performance Obligations
$2.23B
Previous year: $2.48B
-10.4%
Annualized Contract Value
$1.37B
Previous year: $1.18B
+15.5%
Total Access Licenses
44
Previous year: 31
+41.9%
Gross Profit
$1.21B
Previous year: $868M
+39.7%
Cash and Equivalents
$2.83B
Previous year: $2.92B
-3.4%
Free Cash Flow
$163M
Previous year: $656M
-75.2%
Total Assets
$7.93B
Previous year: $7.93B
+0.0%

ARM

ARM

ARM Revenue by Segment

Forward Guidance

Arm expects lower revenue and EPS in Q1 FYE26 but continued strong demand in AI and custom silicon will support long-term growth.

Positive Outlook

  • Continued adoption of Armv9 architecture.
  • Strong pipeline of CSS licenses across verticals.
  • AI chip demand from hyperscalers remains robust.
  • Record engineering headcount for innovation.
  • CSS for Automotive licensing gains traction.

Challenges Ahead

  • Revenue guidance for Q1 FYE26 reduced to $1.0–$1.1 billion.
  • EPS guidance lowered to $0.30–$0.38 for Q1 FYE26.
  • RPO declined 4% QoQ, reflecting contract timing.
  • Cash flow from operations decreased YoY.
  • Free cash flow dropped 74% YoY for the quarter.

Revenue & Expenses

Visualization of income flow from segment revenue to net income