Chip-design IP (CPU architecture)
Arm Holdings
Designs CPU-architecture IP and earns license fees and royalties. FY2024 (ended Mar 2024) revenue $3.23B. Over 95% of smartphones are ARM-based; Apple, Qualcomm, Samsung, NVIDIA, Broadcom and AMD build chips on ARM IP. Armv9 and server/AI drive royalty growth.
ARM Updated Jul 12, 2026 5 AI consumers· 3 recurring
Per the valuechain.wiki graph, Arm Holdings is directly linked to 12 companies (3 supply, 8 revenue, 1 investment relationships) and reaches 16 companies within two hops; the links are backed by 17 dated sources, 3 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · $4.92B (FY2026, ended March 2026, +23%)
- Customer concentration · 95%+ of smartphones are Arm-based. Armv9 is 25% of royalty revenue (long-term target 60-70%), and CSS is ~20% of royalties (19 licenses, 11 companies, 5 shipping), lifting per-chip pricing. Data-center royalties doubled YoY. SoftBank controls ~90%. Apple, Qualcomm, Samsung, NVIDIA and MediaTek are key customers.
- Segments · Royalty · License & other
Revenue from
- Apple High confidence· Revenue ~$3.2B · FY2024 · annual revenue
Supplies CPU-architecture IP (license and royalty) to Apple. - MediaTek High confidence· Amount $2.6B · Arm FY2026 로열티(+21%)
Supplies foundry, IP and EDA to MediaTek.Confirms EN Arm Newsroom Published May 13, 2026: Arm FY2026 results — revenue $4.92B (+23%), royalty $2.61B, license $2.31B - Qualcomm High confidence· Amount $2.6B · Arm FY2026 로열티(+21%)
Supplies CPU-architecture IP to Qualcomm.Confirms KO Korea Economic Daily Published Jan 7, 2026: Samsung Foundry wins Qualcomm orders, chases TSMC - NVIDIA High confidence· Amount $2.6B · Arm FY2026 로열티(+21%)
Supplies CPU-architecture IP (license and royalty) to NVIDIA. - Alchip Technologies Medium confidence· Amount $2.6B · Arm FY2026 로열티(+21%)
Supplies foundry and IP to Alchip. - AMD Medium confidence· Amount $2.6B · Arm FY2026 로열티(+21%)
Supplies CPU-architecture IP (license and royalty) to AMD. - Samsung Electronics Medium confidence· Amount $2.6B · Arm FY2026 로열티(+21%)
Supplies CPU-architecture IP (license and royalty) to Samsung Electronics. - Broadcom Medium confidence· Amount $2.6B · Arm FY2026 로열티(+21%)
Supplies CPU-architecture IP (license and royalty) to Broadcom.
Pays to
- Siemens EDA Medium confidence· Amount $4.9B · Arm FY2026 매출(+23%)
Pays for Siemens EDA (Calibre etc.) licenses. - Synopsys Medium confidence· Amount $4.9B · Arm FY2026 매출(+23%)
Uses/buys EDA design tools from Synopsys. - Cadence Design Systems Medium confidence· Amount $4.9B · Arm FY2026 매출(+23%)
Uses/buys EDA design tools from Cadence Design Systems. - R&D engineers & labor (undisclosed) Medium confidence· Amount $4.9B · Arm FY2026 매출(+23%)
Architecture R&D headcount is the main cost (undisclosed).
Investors
- SoftBank Group (controlling shareholder) High confidence· Market share 90% · 소프트뱅크 지배지분
SoftBank retains ~90% of Arm after its IPO.Confirms KO Seoul Economic Daily Published May 22, 2026: SoftBank reborn as an 'AI holding company' with chips, AI and power all in handConfirms EN Reuters (via Yahoo Finance) Published Sep 15, 2023: SoftBank's Arm soars nearly 25% in market debut to $65 billion valuation - 소프트뱅크 High confidence· Market share 90%
Controlling shareholder (~90%).
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Samsung Electronics | lead2 | -9 | -14.2 | +20.9 | -26.4 | +212.9 | +77.9 |
| Alphabet (Google) | lead2 | +65.3 | -39.1 | +58.3 | +36 | +66 | +14.3 |
| NVIDIA | lead2 | +125.5 | -50.3 | +239 | +171.2 | +38.9 | +13.3 |
| Amazon | lead2 | +2.4 | -49.6 | +80.9 | +44.4 | +5.2 | +6.3 |
| MediaTek | lead1 | +27.8 | -26.6 | +52.9 | +58.3 | +24.9 | +124.3 |
| Alchip Technologies | lead1 | +14.3 | -8.7 | +365.1 | -18.9 | +0.8 | +34.7 |
| Arm Holdings | node | · | · | · | +64.2 | -11.4 | +195.8 |
| Cadence Design Systems | benef1 | +36.6 | -13.8 | +69.6 | +10.3 | +4 | +22.9 |
| SoftBank Group | benef1 | +10.2 | +9.9 | +39.2 | +6.5 | +8.5 | +3.2 |
| Synopsys | benef1 | +42.1 | -13.4 | +61.3 | -5.7 | -3.2 | -5.2 |
| Siemens AG | benef2 | +12.2 | +5.1 | +20.1 | +28 | +26.4 | +8.7 |
YTD as of 2026-07-10 · source: Yahoo Finance
Arm Holdings operates across Chip-design IP (CPU architecture). After -11.4% in 2025, it rebounded +199.9% in 2026. The stock (+199.9%) is ahead of both its demand side (avg +40.5%) and supply side (avg +9%). Having run ahead of its chain, it is the first spot to give back if customer numbers fail to follow. Among connected nodes the furthest ahead is MediaTek (+124.3%) and the furthest behind is Synopsys (-5.6%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Armv9 and server/AI drive royalty growth.
Analysis generated from returns as of 2026-07-09Analyst ratings
Consensus: Buy 3 · Hold 1 · Sell 1 · Avg. target $411 · Price $324.542 (07-11) · Upside +27%
| Broker | Rating | Target | Published | |
|---|---|---|---|---|
| TD Cowen · Sean O'Loughlin | Buy | $475 | Jun 24, 2026 | Report ↗ |
| UBS · Timothy Arcuri | Buy | $470 | Jun 24, 2026 | Report ↗ |
| Bank of America Securities · Vivek Arya | Neutral | $460 | Jun 23, 2026 | Report ↗ |
| Mizuho · Vijay Rakesh | Outperform | $500 | Jun 8, 2026 | Report ↗ |
| Goldman Sachs · James Schneider | Sell | $150 | May 7, 2026 | Report ↗ |
Target $265→$475, Buy kept; agentic AI shifts workloads from GPU 'thinking' to CPU 'doing', viewing the $15B FY31 AGI CPU target as achievable.