ARM Stock Movement Summary ARM Holdings gave back a portion of its post-earnings gains as smartphone memory concerns emerged. The company reported record Q3 fiscal 2026 results with revenue of $1,242 million, up from $983 million year-over-year, and record quarterly revenues driven by AI and data center contributions. However, quarterly net income declined to $223 million from $252 million. Despite strong overall performance, licensing revenue fell short of analyst expectations. Phone manufacturers are scaling back production plans due to a memory chip shortage driven by rising AI memory requirements, impacting smartphone sales. This affected both ARM and Qualcomm stock prices. Analyst responses were mixed: New Street upgraded ARM to Buy citing strong royalty performance, while Jefferies and KeyBanc lowered price targets due to smartphone production concerns, though KeyBanc maintained an Overweight rating.
Read full analysisARM Stock Movement Summary ARM Holdings gave back a portion of its post-earnings gains as smartphone memory concerns emerged. The company reported record Q3 fiscal 2026 results with revenue of $1,242 million, up from $983 million year-over-year, and record quarterly revenues driven by AI and data center contributions. However, quarterly net income declined to $223 million from $252 million. Despite strong overall performance, licensing revenue fell short of analyst expectations. Phone manufacturers are scaling back production plans due to a memory chip shortage driven by rising AI memory requirements, impacting smartphone sales. This affected both ARM and Qualcomm stock prices. Analyst responses were mixed: New Street upgraded ARM to Buy citing strong royalty performance, while Jefferies and KeyBanc lowered price targets due to smartphone production concerns, though KeyBanc maintained an Overweight rating.
Arm Holdings plc American Depositary Receipt (ARM) is a publicly traded company in the Broad Market sector.