Arm Holdings
ARMQ3 2024(ARM Q1 FY2025)Estimated12% AI
AI Revenue %
12%
AI Fair Value
$8.4B
AI Revenue (Q)
$148.9M
Total Revenue (Q)
$1.2B
Source: SEC EDGAR 6-K Filing
View 6-K on SEC.govAnalysis
Arm reported $939M total revenue (License $472M + Royalty $467M) for Q1 FY2025 (Apr-Jun 2024). License revenue surged 72% YoY ($472M vs $275M) driven by Arm Total Access renewals and new AI-focused licensing. However, this included large lumpy license deals that may not be primarily AI. Royalty revenue grew 17% YoY. AI-relevant revenue: (1) data center Neoverse royalties est. ~$52M (cloud chip shipments ramping — AWS, Microsoft, NVIDIA, Google), (2) AI-specific licensing from new Arm Total Access deals for AI chip companies est. ~$40M (portion of the license surge attributable to AI-focused licensees), (3) mobile AI inference est. ~$15M, (4) automotive AI est. ~$6M. Total ~$113M / $939M = ~12.0%. The large license jump suggests AI chip design activity increasing.
Analyzed by claude-opus-4-6
Quoted Figures
License and Other Revenue $472M (vs $275M prior year), Royalty Revenue $467M (vs $400M prior year), Total $939M
6-K filed 2024-06-30, Disaggregation of Revenue table
Includes over-time revenue of $76 million and $17 million, and point-in-time revenue of $396 million and $258 million, for the three months ended June 30, 2024 and 2023
6-K filed 2024-06-30, Revenue Note footnote
AI Products Identified (Ring 1)
Neoverse V2/V3Arm Total Access (AI chip licensees)Ethos NPUArmv9 with SVE2/SME
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Mobile CPU IPIoT/embeddedAutomotiveDevelopment systems
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix