Arm Holdings
ARMQ1 2024(ARM Q3 FY2024)Estimated9% AI
AI Revenue %
9%
AI Fair Value
$5.9B
AI Revenue (Q)
$88.5M
Total Revenue (Q)
$983.0M
Source: SEC EDGAR 6-K Filing
Browse 6-K filings on SEC.govAnalysis
Arm reported $824M total revenue (License $354M + Royalty $470M) for Q3 FY2024 (Oct-Dec 2023). Royalty revenue grew 11% YoY from $425M, driven partly by higher Armv9 adoption and data center expansion. The filing states Arm has 'one customer that represented 25% of total revenue' — likely Apple (mobile). AI-relevant revenue estimated at: (1) data center/cloud Neoverse royalties est. ~$42M (royalties growing in server segment), (2) AI-specific licensing deals est. ~$22M, (3) mobile AI inference NPU royalties est. ~$10M. Total ~$74M / $824M = ~9.0%. Slight increase from Q2 as Neoverse V2 adoption ramps in AWS Graviton4 and other cloud providers.
Analyzed by claude-opus-4-6
Quoted Figures
License and Other Revenue $354M, Royalty Revenue $470M, Total Revenue $824M
6-K filed 2023-12-31, Disaggregation of Revenue table
For the three months ended December 31, 2023, the Company had one customer that represented 25% of total revenue
6-K filed 2023-12-31, Revenue Note
AI Products Identified (Ring 1)
Neoverse V2 (data center)Ethos NPUArmv9 ISA (AI extensions)CSS (Compute Sub-Systems)
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 IP (Apple, Qualcomm, MediaTek)IoT/embeddedAutomotiveNetworking equipment
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix