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ARM

Arm Holdings plc American Depositary Shares

NASDAQ: ARM · TECHNOLOGY · SEMICONDUCTORS

$201.69
+1.53% today

Updated 2026-04-29

Market cap
$249.37B
P/E ratio
313.08
P/S ratio
53.39x
EPS (TTM)
$0.75
Dividend yield
—
52W range
$100 – $238
Volume
7.2M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Arm Holdings plc American Depositary Shares (ARM) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$201.69
Consensus
$178.88
-11.31%
2030 Target
$149.11
-26.07%
DCF
—
—
25 analysts:
11 Buy4 Hold1 Sell

Management guidance

CEO Rene Haas announced Arm's pivot into direct chip manufacturing with an in-house AGI CPU for AI data centers, projecting $15 billion in annual revenue from this product alone by 2031, with total company revenue reaching $25 billion by 2031. The company is targeting $1.47 billion revenue in Q4 FY2026 (ended March 2026) with 18.45% growth, and has secured commitments from Meta and Google as lead partners for the AGI CPU platform.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$238.58
$13.5B Rev × 20x P/S
Base case (2030)
$149.11
$13.5B Rev × 12x P/S
Bear case (2030)
$104.38
$13.5B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$2.7B$3.2B$4.0B$5.0B$6.0B$7.2B$10.2B$13.5B
Revenue growth—20.7%23.9%23.5%21.0%20.6%29.9%32.4%
EPS—$1.25$1.17$1.77$2.14$2.65$4.08$5.67
P/S ratio———8.0x8.0x126.0x12.0x12.0x
Implied price———$46.96$46.96$333.90$104.38$149.11

Catalysts & risks

Growth catalysts
+ AGI CPU production ramp starting 2028 with Meta/Google partnerships driving $15B revenue by 2031
+ Expansion beyond smartphone royalties into AI data center and advanced computing markets
+ Agentic AI workload demand acceleration—CPU-to-GPU ratio shift in AI infrastructure spending
+ Strategic SoftBank partnership elevation—CEO Rene Haas taking expanded role in SoftBank AI strategy
+ IBM partnership for AI flexibility and compute optimization across industries
Key risks
- Execution risk on AGI CPU product delivery and customer adoption timeline—company moving from IP licensing into direct manufacturing for first time
- Valuation compression risk—current P/E of 287.65x extremely elevated; any guidance miss could trigger 30-50% pullback
- Smartphone royalty headwinds—core business declining as mobile market saturates; dependent on new markets materializing
- Competitive threat from Intel, AMD, NVIDIA in AI data center CPU space—established players with manufacturing scale and customer relationships
- Geopolitical/macro uncertainty—recent Iran war tensions triggered 8% single-day selloff; semiconductor sector highly correlated to risk sentiment
- Insider selling—CFO Jason Child sold $3.8M of shares in April 2026; CEO Rene Haas sold shares in March 2026, signaling potential valuation concerns at management level

Methodology

Arm Holdings plc American Depositary Shares's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 25 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 28, 2026.