What is the latest published ARM stock rating?

Arm Holdings plc is shown with Sell in the latest published report, analyzed 2026-10-02. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full ARM analysis?

The full latest published report, analyzed 2026-10-02, lives at /stocks/ARM/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for ARM?

The latest published report analyzed 2026-10-02 gives ARM a fair value of USD 55 and a potential value of USD 92. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the ARM page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-02). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

ARM Stock: Fundamentals & Analysis | StockMarketAgent.AI

Arm Holdings plc (ARM)

NASDAQ: ARM · USD

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StockMarketAgent Research · Analyzed 2026-10-02

Our latest published analysis: ARM rated Sell

Arm Holdings plc's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$54.9 / share

Potential value

$91.9 / share

Upside to FV

-81.4%

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$314.7B
P/E (forward)	151.5x

Market data

Price

Recent price action with selectable time range.

Financial snapshot

P/E (forward): 151.5x
Market cap: $314.7B

Item	P1	P2	P3	P4	P5	Trend
Period	2022-03-31	2023-03-31	2024-03-31	2025-03-31	2026-03-31	Trend
Revenue	$2.70B	$2.68B	$3.23B	$4.01B	$4.92B	+16.2%
Gross profit	$2.48B	$2.48B	$3.00B	$3.80B	$4.55B	+16.3%
Operating income	$786.0M	$671.0M	$212.0M	$720.0M	$1.16B	+10.1%
Net income	$549.0M	$524.0M	$306.0M	$792.0M	$904.0M	+13.3%
EPS (diluted)	—	$0.51	$1.25	$1.64	$1.53	+44.2%
EBITDA	$962.5M	$841.2M	$374.0M	$902.9M	$1.41B	+9.9%
R&D	$945.0M	$1.08B	$1.93B	$2.01B	$2.78B	+30.9%
SG&A	$897.0M	$762.0M	$983.0M	$984.0M	$1.12B	+5.6%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ASML	ASML Holding N.V.	—	—	—	—	—	—	卖出
DDOG	Datadog, Inc.	—	—	—	—	—	—	卖出
FSLR	First Solar, Inc.	—	—	—	—	—	—	强力买入
AAPL	Apple Inc.	—	—	—	—	—	—	卖出
ACN	Accenture plc	—	—	—	—	—	—	持有
ADBE	Adobe Inc.	—	—	—	—	—	—	强力买入

Base and Bull scenarios

Base55%

Price target

$54.92

-81.4% from spot

The base case represents the house modal path where Arm successfully transitions licensees to the v9 architecture, achieving double-digit royalty growth despite a mature smartphone market. Capex gradually normalizes from FY2026 peak levels ($545M), allowing free cash flow conversion to improve over time. Consensus FY2028 EPS of $3.05 is achieved, and long-term operating margins reach 36.0%, yielding an intrinsic fair value of $54.92.

FY2027 revenue reaches $6,046M (22.89% growth) and FY2028 revenue scales to $8,236M (36.22% growth).
Operating margin expands sequentially from 24.0% in FY2027 to 28.0% in FY2028, reaching 36.0% by FY2031.
Reinvestment rate moderates from 35.0% in FY2027 to 18.0% by FY2031 as transformation capex normalizes.
Diluted share count expands at 1.2% in FY2027, moderating to 0.5% by FY2031, accounting for ongoing share-based compensation dilution.
Terminal P/E multiple of 32.0x reflects an appropriate asset-light IP premium over peer medians (peer ASML forward P/E is 31.06x).

Bull20%

Price target

$91.94

-68.8% from spot

In the bull case, rapid adoption of custom silicon across hyperscalers (demonstrated by Google Axion and extensive Neoverse core deployments) accelerates revenue expansion well beyond consensus. Royalty growth sustains elevated momentum through FY2029, while custom silicon revenue breaks out as a distinct revenue line in FY2028. Operating margins expand substantially as upfront R&D investments yield high-margin compounding cash flows, driving strong EPS growth.

Revenue compounds at 30%+ annually through FY2028, driven by accelerated Neoverse datacenter core deployments and turnkey custom silicon scaling.
Blended royalty rates double as Armv9 penetration reaches broad mobile and edge adoption, expanding royalty growth above 20%.
Operating margin expands toward 40% as transformation capex normalizes toward industry intensity of 4.4% of revenue.
Terminal valuation multiple sustains at an elevated premium over peer medians, supported by multi-decade IP licensing duration.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($54.92). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	3.5%	3.5%	3.5%	3.5%	3.5%
16.2%	$55.1	$55.1	$55.1	$55.2	$55.2
16.2%	$55.1	$55.1	$55.1	$55.1	$55.1
16.2%	$55.1	$55.1	$54.9	$55.1	$55.1
16.2%	$55.0	$55.1	$55.1	$55.1	$55.1
16.2%	$55.0	$55.0	$55.0	$55.0	$55.0

Scorecard

Published factor rows and weighted composite

Valuation1.5

Management6.5

Balance Sheet8.5

Profitability5.5

Revenue Growth7.5

Risk Assessment7.0

Competitive Moat9.0

Earnings Quality9.0

Capital Efficiency3.5

Weighted composite

6.4/10

Above average

Category	Score	Reading
Valuation	1.5
Management	6.5
Balance Sheet	8.5
Profitability	5.5
Revenue Growth	7.5
Risk Assessment	7.0
Competitive Moat	9.0
Earnings Quality	9.0
Capital Efficiency	3.5

评级历史

每月发布的研究版本所给出的评级。评级比较分析日的价格与公允价值，并不记录判断是否正确。

年份	1月	2月	3月	4月	5月	6月	7月	8月	9月	10月	11月	12月
2026

卖出

Arm Holdings plc (ARM)

Our latest published analysis: ARM rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · ARM

Valuation

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

Deeper analysis on ARM

Frequently asked questions

评级历史