Arm Holdings
ARMQ4 2024(ARM Q2 FY2025)Estimated13% AI
AI Revenue %
13%
AI Fair Value
$9.4B
AI Revenue (Q)
$136.9M
Total Revenue (Q)
$1.1B
Source: SEC EDGAR 6-K Filing
View 6-K on SEC.govAnalysis
Arm reported $844M total revenue (License $330M + Royalty $514M) for Q2 FY2025 (Jul-Sep 2024). Royalty revenue hit record $514M, up 23% YoY, with royalties now exceeding licensing — a shift toward chips-in-production. AI-relevant revenue: (1) data center/cloud Neoverse royalties est. ~$62M (accelerating as Graviton4, Grace, Cobalt ship at scale), (2) AI-specific licensing est. ~$25M, (3) mobile AI NPU inference royalties est. ~$18M (on-device AI features in new smartphones), (4) automotive AI est. ~$5M. Total ~$110M / $844M = ~13.0%. The over-time license revenue was $120M (up from $30M YoY), suggesting multi-year AI platform licensing ramping.
Analyzed by claude-opus-4-6
Quoted Figures
License and Other Revenue $330M, Royalty Revenue $514M, Total $844M
6-K filed 2024-09-30, Disaggregation of Revenue table
Includes over-time revenue of $120 million and $30 million, and point-in-time revenue of $210 million and $358 million, for the three months ended September 30, 2024 and 2023
6-K filed 2024-09-30, Revenue Note footnote
AI Products Identified (Ring 1)
Neoverse V3 (data center)Arm Total AccessEthos NPUArmv9 + SME2
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/embeddedAutomotiveNetworking
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix