Key Highlights

  • Arm Holdings (NASDAQ:ARM) is scheduled to report second-quarter fiscal 2027 results on Wednesday, November 4, 2026 after the market close, with a call at 5:00 p.m. ET, and Options data implied a move of 15.1 percent.
  • First-quarter Revenue was USD 1.29 billion, up 22 percent, with Royalty revenue of USD 715 million and licensing revenue of USD 574 million, according to the company release of July 29, 2026.
  • Management said customer Demand for its AGI CPU now exceeds USD 2 billion across fiscal 2027 and fiscal 2028, above the USD 1 billion opportunity it outlined the previous quarter.
  • Published research cites second-quarter revenue guidance of USD 1.38 billion, plus or minus USD 50 million, against USD 1.14 billion a year earlier, which is about 21 percent growth by simple arithmetic.

What the Quarter Needs to Show

Arm Holdings (NASDAQ:ARM) licenses chip designs and collects royalties when partners ship chips built on them, so licensing revenue arrives in lumps while royalties track unit volumes. In the first quarter, royalties rose 22 percent and licensing rose 23 percent. Published research cites guidance for low-teens royalty growth and about 30 percent licensing growth in the second quarter, against a hard comparison of USD 515 million of licensing revenue a year earlier. Non-GAAP Operating Income was USD 531 million in the first quarter, a 41.2 percent margin, while GAAP operating income was USD 91 million. The gap between the two reflects non-GAAP adjustments described in the company release, so investors should note which basis a headline number uses.

The AGI CPU Opportunity

The company has moved beyond licensing designs into its own AGI CPU, a processor aimed at data-centre workloads. Management said initial products have shipped to multiple customers, that new customers in the United States and China are being added, and that it has secured the Manufacturing capacity for the USD 1 billion opportunity outlined earlier. Demand above USD 2 billion over two fiscal years is a customer-demand figure, not booked revenue. Arm Holdings (NASDAQ:ARM) must convert it into shipments, and Supply chain limits remain a gating Factor even though management described them as easing. That makes shipment timing, not demand, the key variable for the next two quarters.

Risks and What to Watch

Smartphones remain the largest royalty base, and published research shows management trimmed its expectation for smartphone royalty growth to the high teens from 20 percent or more, citing memory and component cost pressure. Traders will watch revenue against the USD 1.38 billion guide, the licensing figure, and any update on AGI CPU timing. A 15.1 percent implied move is a snapshot from options data on October 30, not a forecast. Calendar consensus for Earnings Per Share is on a different basis from company guidance, so comparisons need care. The company also reports in a fiscal year that ends in March, which can confuse quarter labels. Nothing in this article is Investment advice.

Where Things Stand

The answer is Arm Holdings (Arm Holdings (NASDAQ:ARM)), reporting after the close on November 4, 2026 with a 15.1 percent options-implied move priced in. The case for a big reaction rests on AGI CPU demand above USD 2 billion and a second-quarter revenue guide near USD 1.38 billion. The counterweights are smartphone royalty softness, tough licensing comparisons and supply limits, so the guidance for the following quarter may matter as much as the headline numbers.