Filing Flows › Arm Holdings (ARM) › Q2 FY27
Arm Holdings (ARM) Q2 FY27 earnings results (second quarter fiscal 2027)
6-K filed Nov 4, 2026
Arm Holdings (ARM) reported revenue of $1.4B for the second quarter fiscal 2027 (Q2 FY27), +27% from a year earlier and +12% from the quarter before. Operating margin was 13.9%, net earnings $130M (9.0% of revenue).
Arm Holdings, Q2 FY27: revenue $1.4B (+27% year over year), operating margin 13.9%, net earnings $130M, operating cash flow $207M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +12% | +27% |
| Gross profit | $1.4B | +12% | +27% |
| Operating profit | $201M | +121% | +23% |
| Net earnings | $130M | -52% | -45% |
| Operating cash flow | $207M | -77% | -63% |
| Free cash flow | $135M | -81% | -69% |
What changed
Revenue was $1.4B in Q2 FY27, up 27% year over year and up 12% from the previous quarter. Revenue from external customers was the largest line at 71% of revenue. Revenue from external customers added $0.31B year over year (up 43%), 99% of the total change.
Gross margin was 97.1%, down 0.4 points from Q2 FY26. Operating profit was $0.20B, a 13.9% margin (down 0.4 points year over year). Of the extra revenue versus Q2 FY26, 12% reached operating profit, below the 14% margin then. Operating expenses grew 27% against revenue growth of 27%. The fastest-growing cost line was SG&A (+36%). Net earnings were $0.13B, down 45% year over year. The effective tax rate was 37.5%.
Operating cash flow was $0.21B (down 63% year over year), 159% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.38B of share-based compensation. Working capital and other items used $0.38B. Capital expenditures of $0.07B left free cash flow of $0.14B.
Questions
What was Arm Holdings' revenue in the second quarter fiscal 2027?
Arm Holdings (ARM) reported revenue of $1.4B for the second quarter fiscal 2027 (Q2 FY27), +27% from a year earlier and +12% from the quarter before.
Was Arm Holdings profitable in the second quarter fiscal 2027?
Operating profit was $201M (13.9% of revenue) and net earnings $130M.
Source: Arm Holdings 6-K on SEC EDGAR.