According to a research report published by Citigroup, Arm announced its results for the first quarter of fiscal year 2027. Revenue and profit were 1% and 11% higher than market expectations, while the median revenue and profit guidelines for the second fiscal quarter were 3% and 10% higher than the forecast, respectively. According to the bank, strong growth in cloud AI and licensing services will help offset the impact of weakening demand and product portfolios in the mobile phone market. The bank raised its revenue and operating profit forecasts for the 2027 fiscal year by 1% and 4% respectively. Management mentioned that the demand for general artificial intelligence CPUs has exceeded 2 billion US dollars, and business visibility is improving, so it continues to regard ARM as the main beneficiary of AI infrastructure. It believes that the recent stock price correction will provide more attractive market entry opportunities and maintain a “buy” rating, with a target price of 300 US dollars. Citi raised Arm's revenue forecast for the 2027-2030 fiscal year by about 1% to reflect the strong licensing business, partially offset by weakening mobile phone patent revenue; profit forecasts for the 2027 and 2029 fiscal years were raised by 4% and 1%, respectively.

According to a research report published by Citigroup, Arm announced its results for the first quarter of fiscal year 2027. Revenue and profit were 1% and 11% higher than market expectations, while the median revenue and profit guidelines for the second fiscal quarter were 3% and 10% higher than the forecast, respectively. According to the bank, strong growth in cloud AI and licensing services will help offset the impact of weakening demand and product portfolios in the mobile phone market. The bank raised its revenue and operating profit forecasts for the 2027 fiscal year by 1% and 4% respectively. Management mentioned that the demand for general artificial intelligence CPUs has exceeded 2 billion US dollars, and business visibility is improving, so it continues to regard ARM as the main beneficiary of AI infrastructure. It believes that the recent stock price correction will provide more attractive market entry opportunities and maintain a “buy” rating, with a target price of 300 US dollars. Citi raised Arm's revenue forecast for the 2027-2030 fiscal year by about 1% to reflect the strong licensing business, partially offset by weakening mobile phone patent revenue; profit forecasts for the 2027 and 2029 fiscal years were raised by 4% and 1%, respectively.