Impact of Worsening Semiconductor Market Conditions and Slowing Smartphone Demand on Arm's Earnings
First written in FY2020-Q1. 8 of 16 entries say "Mitigated", first in FY2021-Q1. Latest entry: 2026-05-13.
The whole theme swung hardest in 2023: 43 of 66 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- 2026-05-13MitigatedOccurring Fact
「Armの増収により、売上高（米ドルベース）は前期比9.5％増（円ベースでは同8.5％増）」
半導体市場・スマートフォン需要の弱さが残る中、Armの通期売上高は米ドルベースで増加した。 - FY2026-H1MitigatedAnnual report
「US dollar-denominated revenue increased 22.7% year on year (17.0% on a yen basis).」
Despite continuing risks from slowing semiconductor market conditions and smartphone demand, Arm's interim-period revenue increased 22.7% on a US dollar basis and royalty revenue increased 22.9%, driven by expanded adoption of AI, Armv9 and CSS, among other factors. - FY2025-H1MitigatedAnnual report
「US dollar-denominated revenue increased 23.2% year on year (33.0% on a yen basis).」
Despite continuing weakness in the semiconductor market and smartphone demand, Arm's first-half revenue increased 23.2% on a US dollar basis, reaching a record high, driven by AI investment and the adoption of Armv9. - FY2024-Q3Quarterly recovery alongside cumulative revenue declineAnnual report
「On a quarterly basis, however, results reached a record high against a backdrop of recovery in the semiconductor market and the adoption of Armv9.」
Arm's cumulative royalty revenue for the first 9 months declined 8.0% year on year, while revenue for the third quarter alone reached a record high against a backdrop of recovery in the semiconductor market and the adoption of Armv9, reflecting both weakness and signs of recovery in the semiconductor market and smartphone demand. - FY2024-Q2WorsenedAnnual report
「Royalty revenue declined 14.5% on a US dollar basis: Although chips for automotive and infrastructure applications grew strongly, this was not enough to offset weak sales of chips for smartphones and other consumer electronics.」
Amid continued weakness in the semiconductor market and smartphone demand, Arm's royalty revenue declined 14.5% year on year. Licensing and other revenue, however, increased. - FY2024-Q1WorsenedAnnual report
「US dollar-denominated revenue declined 10.8% year on year as the overall semiconductor market weakened amid inventory adjustments and slowing consumer demand. - Royalty revenue declined 19.3% on a US dollar basis」
Against a backdrop of inventory adjustments and slowing consumer demand in the semiconductor market, Arm's US dollar-denominated revenue declined 10.8% year on year and royalty revenue declined 19.3%. - FY2023-Q3WorsenedAnnual report
「After remaining at a high level for approximately 2 years, quarterly growth slowed in the first half of the period and turned negative in the third quarter.」
Although Arm's royalty revenue increased, quarterly growth in the semiconductor market turned negative in the third quarter, increasing the risk of downward pressure on revenue from inventory adjustments, sanctions and supply chain disruptions. - FY2023-Q2WorsenedAnnual report
「Recently, semiconductor market growth has begun to level off quarter on quarter, and the year-on-year growth rate may slow going forward.」
While Arm's royalty revenue increased, the semiconductor market began to level off quarter on quarter, increasing the risk of downward pressure on revenue from inventory adjustments, trade friction, sanctions and component shortages. - FY2023-Q1MitigatedAnnual report
「Technology royalty revenue increased by US$82 million, or 22.0%, from the same period of the previous year.」
Despite ongoing risks in the semiconductor market, including trade friction, sanctions and component shortages, Arm's royalty revenue increased 22.0% year on year as adoption expanded in 5G smartphones, 5G base stations, automotive, IoT and servers. - FY2022-Q1MitigatedAnnual report
「Technology royalty revenue increased by US$89 million, or 31.6%, from the same period of the previous year. This was due to a substantial increase in shipments of 5G smartphones using Arm technology and the deployment of network equipment at 5G base stations, as well as Arm customers expanding their market share in multiple markets, including automotive and servers.」
Despite continuing risks from slowing semiconductor market conditions and smartphone demand, Arm's royalty revenue increased 31.6% year on year as shipments and adoption increased in 5G smartphones, 5G base stations, automotive and servers. - FY2021-Q3MitigatedAnnual report
「Technology royalty revenue increased by US$139 million, or 17.2%, from the same period of the previous year. In addition to a substantial increase in licensee shipments of 5G smartphones and the deployment of network equipment at 5G base stations, higher shipments of server chips contributed to the increase in revenue.」
Despite continuing risks from slowing semiconductor market conditions and smartphone demand, royalty revenue increased 17.2% year on year as shipments of 5G smartphones, 5G base stations and server chips increased. - FY2021-Q2MitigatedAnnual report
「Technology royalty revenue increased by US$111 million, or 22.5%, from the same period of the previous year. In addition to higher shipments by licensees of chips for 5G smartphones and network equipment, increased shipments of server chips contributed to the increase in revenue.」
Despite continuing risks from slowing semiconductor market conditions and smartphone demand, Arm's royalty revenue increased 22.5% year on year as shipments of chips for 5G, network equipment and servers increased. - FY2021-Q1MitigatedAnnual report
「Technology royalty revenue increased by US$42 million, or 17.5%, from the same period of the previous year. Higher shipments by licensees of chips for 5G smartphones and network equipment contributed to the increase in revenue.」
Despite continuing risks from slowing semiconductor market conditions and smartphone demand, Arm's royalty revenue increased 17.5% year on year as shipments of chips for 5G smartphones and network equipment increased. - FY2020-Q3Recovery signs in the market alongside declining revenueAnnual report
「Although signs of recovery are emerging in the semiconductor market, the effects of ongoing trade friction and sanctions against certain companies remain.」
While signs of recovery emerged in the semiconductor market, Arm's technology royalty revenue declined 5.3% year on year, and the effects of trade friction and sanctions remained. - FY2020-Q2MaterialisedAnnual report
「Total semiconductor industry sales declined 14% year on year from January through August 2019.」
Total semiconductor market sales declined 14% year on year, and the effects of slowing smartphone demand and slower chip shipments materialised as lower royalty revenue and lower revenue for Arm. - FY2020-Q1First statedAnnual report
「Royalty revenue declined 8.0% year on year on a US dollar basis, mainly due to slowing global smartphone demand, particularly in China, and a slowdown in global chip shipments.」
Weakness in the semiconductor market, slowing smartphone demand and slower chip shipments resulted in an 8.0% decline in Arm's royalty revenue. The disclosure also noted the possibility of additional effects from the trade environment and restrictions on sales activities involving certain semiconductor companies.