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Sentiment · FY2026 Q4
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Vijay Rakesh | Mizuho Securities | 9 | 0% |
| Timm Schulze-Melander | Redburn Atlantic | 8 | 0% |
| Andy Gardiner | Citigroup | 7 | 0% |
| Joe Quatrochi | Wells Fargo | 7 | 0% |
| Vivek Arya | Bank of America | 6 | 33% |
| Lee Simpson | Morgan Stanley | 5 | 0% |
| Krish Sankar | TD Cowen | 4 | 0% |
| Harlan Sur | JPMorgan | 4 | 0% |
| Sebastien Naji | William Blair | 4 | 0% |
| Mark Lipacis | Evercore ISI | 4 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Mizuho Securities | 1 | 9 | 0% |
| Redburn Atlantic | 1 | 8 | 0% |
| Citigroup | 1 | 7 | 0% |
| Wells Fargo | 1 |
| 7 |
| 0% |
| Bank of America | 1 | 6 | 33% |
| Morgan Stanley | 1 | 5 | 0% |
| TD Cowen | 2 | 5 | 0% |
| Evercore ISI | 1 | 4 | 0% |
Arm closed FY2026 with record quarterly revenue of $1.49 billion, up 20% year-over-year, as AGI CPU demand doubled to over $2 billion. Data center royalty revenue more than doubled and licensing revenue grew 29% with strong annual contract value growth. Operating margins compressed from 30% year-over-year OPEX growth driven by R&D investment, resulting in an eps_adjustment of -1 based on operating income spread. The $1 billion AGI CPU revenue outlook for FY27-28 was maintained despite $2 billion in demand, and mobile market weakness was offset by data center strength.
Cloud & AI | Revenue Growth | Innovation & R&D | Competitive Dynamics | Capex Investment | Demand | Geographic Expansion | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2025Q3 | 5 | 8 | 6 | 3 | 1 | |||
| 2025Q4 | 4 | 6 | 4 | 2 | 1 | 1 | 1 | |
| 2026Q1 | 7 | 3 | 4 | 4 | 2 | 1 | 1 | 1 |
| 2026Q2 | 7 | 6 | 2 | 2 | 1 | 1 | ||
| 2026Q3 | 6 | 6 | 5 | 3 | 3 | 3 | 2 | |
| 2026Q4 | 5 | 4 | 2 | 3 | 1 | 2 |
| '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | |
|---|---|---|---|---|---|---|
| Cloud & AI | 5 | 4 | 7 | 7 | 6 | 5 |
| Revenue Growth | 8 | 6 | 3 | 6 | 6 | 4 |
| Innovation & R&D | 6 | 4 | 4 | 2 | 5 | 2 |
| Competitive Dynamics | 3 | 2 | 4 | 3 | 3 | |
| Capex Investment | 1 | 2 | 2 | 3 | 1 | |
| Demand | 1 | 1 | 3 | 2 | ||
| Geographic Expansion | 1 | 1 | 1 | 1 | ||
| Pricing | 1 | 1 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
ARM Arm Holdings | 7 | +20.1% | |
| ADI Analog Devices | 9 | +37.3% | |
| AMAT Applied Materials | 9 | +11.4% | |
| AMD Advanced Micro Devices, Inc. | 9 | +37.9% | |
| ASML ASML Holding | 9 | +13.3% | |
| AVGO Broadcom Inc. | 9 | +29.5% | |
| INTC Intel Corporation | 6 | +7.2% | |
| KLAC KLA Corporation | 7 | +11.5% | |
| LRCX Lam Research | 9 | +23.8% | |
| MCHP Microchip Technology | 9 | +35.1% | |
| MPWR Monolithic Power Systems | 10 | +26.1% | |
| MRVL Marvell Technology | 10 | +27.6% | |
| MU Micron Technology, Inc. | 9 | +196.3% | |
| NVDA NVIDIA Corporation | 9 | +85.2% | |
| NXPI NXP Semiconductors | 7 | +12.2% | |
| ON ON Semiconductor | 6 | +4.7% | |
| Q Qnity Electronics, Inc. | 10 | +17.6% | |
| QCOM Qualcomm | 3 | -3.5% | |
| SWKS Skyworks Solutions | 3 | -1.0% | |
| TER Teradyne | 9 | +87.0% | |
| TXN Texas Instruments | 9 | +18.6% |