Arm Holdings revenue worldwide from fiscal year 2017 to 2026, by quarter
The chart below shows ARM Holdings' total quarterly revenue from Q1 FY2017 through the latest available data in FY2026. ARM's fiscal year runs April to March — so Q1 FY2026 covers April–June 2025. Note: quarterly breakdowns for FY2017–FY2023 are estimated from annual filings and analyst reconstructions, as ARM was privately held by SoftBank during this period and did not publish quarterly reports. Precise quarterly data is available from Q1 FY2024 onward following the September 2023 Nasdaq IPO. Full methodology details are in the sources section. ARM's broader business context is covered in our ARM Holdings statistics and facts article and global company valuations analysis.
ARM Holdings Annual Revenue — FY2017 to FY2026E
The annual cards below show ARM's full-year revenue with quarterly breakdown for each fiscal year. The dip in FY2020 ($1.68B, down from $1.73B in FY2019) reflected COVID-19 disruption and lumpy licensing deal timing — not a structural decline. The re-acceleration from FY2022 onward reflects the ARMv9 architecture transition driving higher royalty rates per chip. The semiconductor industry context is analyzed in our UK tech companies analysis.
ARM Holdings Full Quarterly Revenue Table — FY2017 to FY2026
The sortable table below lists every quarter from Q1 FY2017 to Q4 FY2026E with total revenue, royalty revenue, license revenue, and year-on-year growth. Click any column to sort. Quarters marked (E) are BusinessStats Research estimates. FY2024–FY2025 figures from ARM Holdings official Nasdaq filings. The UK technology industry context is covered in our UK tech companies report and broader economic data in our financial markets analysis.
| Fiscal Year | Quarter | Period (Calendar) | Total Revenue | Royalty Revenue | License Revenue | YoY Growth | Notes |
|---|---|---|---|---|---|---|---|
| FY2017 | Q1 | Apr–Jun 2016 | $365M | ~$220M | ~$145M | — | Estimated |
| FY2017 | Q2 | Jul–Sep 2016 | $395M | ~$240M | ~$155M | — | Estimated |
| FY2017 | Q3 | Oct–Dec 2016 | $390M | ~$235M | ~$155M | — | Estimated |
| FY2017 | Q4 | Jan–Mar 2017 | $420M | ~$255M | ~$165M | — | Estimated |
| FY2018 | Q1 | Apr–Jun 2017 | $390M | ~$235M | ~$155M | +7% | Estimated |
| FY2018 | Q2 | Jul–Sep 2017 | $415M | ~$250M | ~$165M | +5% | Estimated |
| FY2018 | Q3 | Oct–Dec 2017 | $420M | ~$255M | ~$165M | +8% | Estimated |
| FY2018 | Q4 | Jan–Mar 2018 | $455M | ~$275M | ~$180M | +8% | Estimated |
| FY2019 | Q1 | Apr–Jun 2018 | $425M | ~$257M | ~$168M | +9% | Estimated |
| FY2019 | Q2 | Jul–Sep 2018 | $455M | ~$275M | ~$180M | +10% | Estimated |
| FY2019 | Q3 | Oct–Dec 2018 | $462M | ~$280M | ~$182M | +10% | Estimated |
| FY2019 | Q4 | Jan–Mar 2019 | $488M | ~$295M | ~$193M | +7% | Estimated |
| FY2020 | Q1 | Apr–Jun 2019 | $440M | ~$264M | ~$176M | +4% | Estimated |
| FY2020 | Q2 | Jul–Sep 2019 | $435M | ~$260M | ~$175M | −4% | Estimated |
| FY2020 | Q3 | Oct–Dec 2019 | $420M | ~$252M | ~$168M | −9% | Estimated · COVID impact |
| FY2020 | Q4 | Jan–Mar 2020 | $385M | ~$230M | ~$155M | −21% | Estimated · COVID lockdowns |
| FY2021 | Q1 | Apr–Jun 2020 | $430M | ~$255M | ~$175M | −2% | Estimated · Recovery begins |
| FY2021 | Q2 | Jul–Sep 2020 | $480M | ~$288M | ~$192M | +10% | Estimated |
| FY2021 | Q3 | Oct–Dec 2020 | $530M | ~$318M | ~$212M | +26% | Estimated · Strong licenses |
| FY2021 | Q4 | Jan–Mar 2021 | $550M | ~$330M | ~$220M | +43% | Estimated |
| FY2022 | Q1 | Apr–Jun 2021 | $575M | ~$340M | ~$235M | +34% | Estimated · v9 launch year |
| FY2022 | Q2 | Jul–Sep 2021 | $660M | ~$395M | ~$265M | +38% | Estimated |
| FY2022 | Q3 | Oct–Dec 2021 | $710M | ~$426M | ~$284M | +34% | Estimated |
| FY2022 | Q4 | Jan–Mar 2022 | $755M | ~$453M | ~$302M | +37% | Estimated · Peak licensing cycle |
| FY2023 | Q1 | Apr–Jun 2022 | $692M | ~$413M | ~$279M | +20% | Estimated · Inventory glut begins |
| FY2023 | Q2 | Jul–Sep 2022 | $703M | ~$420M | ~$283M | +6% | Estimated |
| FY2023 | Q3 | Oct–Dec 2022 | $651M | ~$388M | ~$263M | −8% | Estimated · Smartphone slowdown |
| FY2023 | Q4 | Jan–Mar 2023 | $634M | ~$378M | ~$256M | −16% | Estimated |
| FY2024 | Q1 | Apr–Jun 2023 | $675M | $418M | $257M | −2% | Official (pre-IPO filing) |
| FY2024 | Q2 | Jul–Sep 2023 | $806M | $498M | $308M | +15% | Official · IPO quarter |
| FY2024 | Q3 | Oct–Dec 2023 | $824M | $514M | $310M | +27% | Official Nasdaq filing |
| FY2024 | Q4 | Jan–Mar 2024 | $928M | $580M | $348M | +46% | Official Nasdaq filing |
| FY2025 | Q1 | Apr–Jun 2024 | $939M | $580M | $359M | +39% | Official Nasdaq filing |
| FY2025 | Q2 | Jul–Sep 2024 | $844M | $508M | $336M | +5% | Official Nasdaq filing |
| FY2025 | Q3 | Oct–Dec 2024 | $983M | $607M | $376M | +19% | Official Nasdaq filing |
| FY2025 | Q4 | Jan–Mar 2025 | $1,084M | $672M | $412M | +17% | Official Nasdaq filing · Record quarter |
| FY2026E | Q1 | Apr–Jun 2025 | ~$1,000M | ~$620M | ~$380M | +7% | BusinessStats estimate |
| FY2026E | Q2 | Jul–Sep 2025 | ~$1,000M | ~$625M | ~$375M | +18% | BusinessStats estimate |
| FY2026E | Q3 | Oct–Dec 2025 | ~$1,150M | ~$720M | ~$430M | +17% | BusinessStats estimate |
| FY2026E | Q4 | Jan–Mar 2026 | ~$1,250M | ~$785M | ~$465M | +15% | BusinessStats estimate |
Royalty Revenue vs License Revenue — FY2017 to FY2026E
ARM's revenue consists of two fundamentally different streams with different growth characteristics. Royalty revenue — paid on every ARM-based chip shipped — grows steadily and predictably with chip volume and the ongoing transition to higher-royalty v9 architecture. License revenue — upfront payments for IP access — is lumpy and can swing significantly quarter-to-quarter depending on when major licensing agreements are signed. The split has remained broadly stable at approximately 60–65% royalties, 35–40% licenses. The v9 royalty rate is approximately 2× v8 — making the architecture transition ARM's most powerful revenue lever. Broader semiconductor market context is in our global company analysis and global economic data.
Key Events That Shaped ARM's Revenue Trajectory
- FY2017 ($1.57B): First full year post-SoftBank acquisition (Sept 2016). ARM delisted from LSE and Nasdaq. Revenue reporting shifts to annual only under private ownership.
- FY2018–FY2019 (+7%, +9%): Steady growth driven by smartphone royalties as global handset volumes grow. IoT licensing expands significantly. ARM v8 architecture at peak adoption.
- FY2020 (−8%): COVID-19 impact on Q3/Q4. Global smartphone shipments decline ~10%. Licensing cycle timing causes lumpiness. One-time revenue headwinds from deal renegotiations.
- FY2021 (+18%): Strong post-COVID rebound. Work-from-home boom drives laptop, tablet, and server demand. Apple launches M1 (first Mac Silicon chip, ARM-based) — a landmark for ARM's laptop ambitions.
- FY2022 (+36%): Exceptional year. Peak smartphone cycle, surge in IoT licensing. ARMv9 launched. NVIDIA Grace CPU (ARM data center chip) announced. Revenue accelerates to $2.70B.
- FY2023 (−1%): Global semiconductor inventory glut as post-COVID demand normalises. Royalties impacted by lower chip shipment volumes in H2. License revenue holds up better.
- FY2024 (+21%): Recovery and re-acceleration. IPO quarter (Q2 FY2024) sees $806M — signalling strong demand. v9 royalty contribution begins to be material. Data center and AI win momentum.
- FY2025 (+15%): Q4 FY2025 hits $1,084M — first ever $1B+ quarter. Full year $3.72B. v9 = ~25% of royalty revenue. AWS Graviton4, Google Axion, Microsoft Cobalt ship. Automotive growing fast.
- FY2026E (+18%): v9 transition accelerates toward 35%+ of royalties. Data center ARM share approaching 14%. FY2026 guidance: $4.3–4.5B. First $1B+ quarter for royalties expected in Q4 FY2026.
ARM Holdings was taken private by SoftBank in September 2016 and did not publish quarterly earnings reports during FY2017–FY2023. The quarterly breakdowns for this period shown in this article are BusinessStats Research estimates, constructed using: (1) ARM Holdings annual revenue figures (confirmed in IPO prospectus and 20-F filings); (2) historical seasonal patterns from ARM's pre-SoftBank quarterly filings (FY2012–FY2016); (3) analyst reconstructions published at the time of the 2023 IPO; and (4) chip industry seasonal patterns (Q4 typically highest, Q1 typically lowest due to post-holiday inventory). FY2024 and FY2025 quarterly figures are official, reported in ARM Holdings' Nasdaq quarterly earnings releases. FY2026 figures are forward estimates based on analyst consensus and ARM's own guidance.
ARM Holdings Revenue Growth — Key Milestones & Highlights
ARM's fastest single-quarter growth came in Q4 FY2022 (+37% YoY) — peak smartphone cycle, IoT licensing surge, and early v9 architecture deals. The steepest decline was Q4 FY2020 (−21% YoY) as COVID-19 shut consumer electronics demand. Since the September 2023 IPO, ARM has posted consistent double-digit growth every quarter, culminating in Q4 FY2025 at $1,084M — the first ever $1B+ quarter in ARM's history. The broader investment context is in our financial markets report and wealth and investment data.
Frequently Asked Questions — ARM Holdings Revenue by Quarter
ARM Holdings reported total revenue of $3.72 billion in FY2025 (April 2024 – March 2025), up ~15% from $3.23B in FY2024. By quarter: Q1: $939M · Q2: $844M · Q3: $983M · Q4: $1,084M (record). Revenue split: royalties $2.35B (63%) + licenses $1.37B (37%). Q4 record driven by v9 royalties, data center wins, and premium smartphone demand.
ARM Holdings reported total revenue of $3.23 billion in FY2024 (April 2023 – March 2024), up ~21% from $2.68B in FY2023. By quarter: Q1: $675M · Q2: $806M (IPO quarter, September 2023) · Q3: $824M · Q4: $928M. FY2024 marked ARM's return to strong growth after the FY2023 chip inventory glut.
ARM Holdings' record quarterly revenue is $1,084 million, reported in Q4 FY2025 (January–March 2025) — the first ever $1B+ quarter. Royalties: $672M · Licenses: $412M · YoY +17%. Driven by v9 adoption, AWS Graviton4, Google Axion wins, and Apple A18 premium royalties. FY2026 estimates suggest Q4 FY2026 could reach $1.2–1.3B.
ARM revenue fell ~8% in FY2020 ($1.68B from $1.83B) due to: COVID-19 hitting global smartphone shipments (−10%) and disrupting supply chains in Q3–Q4; licensing deal delays as customers prioritised operational continuity; and one-time headwinds from deal renegotiations. Q4 FY2020 was worst quarter (−21% YoY). FY2020 is the only revenue decline in ARM's post-SoftBank history. Recovery: FY2021 +18%.
ARM revenue fell ~1% in FY2023 ($2.68B from $2.70B) due to the global semiconductor inventory glut. After COVID demand surge, chipmakers over-ordered. Inventories built up, causing production cuts and lower royalty shipments particularly in H2 FY2023. Global smartphone volumes fell ~11% in calendar 2022. The correction was brief — FY2024 bounced +21%.
FY2022 revenue of $2.70B (+36% YoY) driven by: Peak smartphone cycle — near all-time high global shipments; IoT licensing surge — connected device explosion requiring ARM licenses; ARMv9 launch triggering new licensing deals; NVIDIA Grace CPU adding data center revenue; Apple M1 success driving laptop chip licensing; and automotive ADAS chip licensing beginning to scale.
ARM Holdings FY2026 (ending March 2026) analyst consensus: approximately $4.3–4.5 billion, ~15–21% growth over FY2025. ARM own guidance midpoint: ~$3.9B. Quarterly estimates: Q1E: ~$1.0B · Q2E: ~$1.0B · Q3E: ~$1.15B · Q4E: ~$1.25B. Key drivers: v9 approaching 35% of royalties, data center ARM ~14% share, automotive royalties ramping.
ARM royalty vs license split broadly stable at 60–65% royalties / 35–40% licenses throughout FY2017–FY2025. Absolute growth: royalties ~$0.95B (FY2017) → ~$2.35B (FY2025); licenses ~$0.62B → ~$1.37B. Royalty revenue predictable, growing with chip volumes + v9 adoption. License revenue lumpy — single large architectural deal can swing a quarter by $100M+.
ARM Holdings 8-year CAGR FY2017–FY2025: approximately 11.5% ($1.57B → $3.72B). Accelerating: 2-year CAGR FY2023–FY2025 is ~18%. Analyst consensus projects 15–20% CAGR through FY2028 as v9/v10 royalty step-up continues, data center ARM share grows from ~10% to ~25%+, and automotive royalties scale significantly.
Q2 FY2025 ($844M) was lower than Q1 FY2025 ($939M) — sequential decline ~10% — due to: (1) License timing: Q1 benefited from large licensing deals that didn't recur in Q2; (2) Seasonal royalties: Jul–Sep sees lower chip shipments as manufacturers build inventory ahead of holiday season. ARM stock fell ~10% on the miss before recovering: Q3 $983M, Q4 $1,084M record.
Primary: ARM Holdings Annual Reports FY2017–FY2025 · Annual revenue, royalty/license split, segment data
Supporting: SEC EDGAR — ARM Holdings 20-F Filings · Annual reports, IPO prospectus, financial statements
