Arm Holdings is positioned to report its ninth consecutive quarterly earnings beat when it releases full fiscal Q3 FY2026 results on February 4 after market close. Analysts surveyed by FactSet anticipate adjusted earnings per share of $0.41, a 5.1% increase from the same quarter last year. This follows eight straight quarters in which Arm has exceeded consensus expectations, underscoring the company’s consistent execution under CEO Rene Haas.

Revenue for the quarter is forecast at $1.23 billion, representing 25.7% year-over-year growth. This acceleration is fueled by increased royalty and licensing fees as demand for Arm’s processor designs surges in artificial intelligence training clusters, next-generation 5G smartphones and Internet of Things devices. OEMs including major smartphone vendors have expanded their royalty commitments this cycle, reinforcing Arm’s recurring revenue model.

Arm’s shares have underperformed broader chip benchmarks in recent weeks, trading below the multiples of high-growth peers despite robust top-line momentum. Investors will be closely watching management’s outlook for gross margin and operating leverage, with consensus expecting modest improvement in Q4. Any guidance raising the full-year revenue target above $4.8 billion or projecting operating margin expansion could prompt a rebound in the stock’s premium valuation.