On July 30, ARM Holdings fell 6.5% in pre-market trading, trading at approximately $210.27/share, with turnover of $130.74 thousand.

On the news front, ARM released its FY2027 Q1 earnings after market close, reporting adjusted EPS of $0.45, beating the consensus estimate of $0.40 by 12.5%; revenue came in at $1.29 billion, above the expected $1.262 billion, representing approximately 22.7% year-over-year growth. Licensing revenue grew 23% year-over-year to $574 million, while adjusted gross margin was 98.1% in line with expectations and adjusted net income reached $480 million, exceeding the $433.6 million estimate.

Despite the across-the-board beat, the company flagged weakening smartphone industry growth that overshadowed opportunities from its data center expansion. Q2 revenue guidance of approximately $1.38 billion (range $1.33B-$1.43B) failed to reach the most optimistic market expectations, triggering profit-taking. Multiple sell-side institutions had already cut price targets ahead of earnings, with Wells Fargo lowering to $350, UBS to $360, and HSBC downgrading to Hold.

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