ARM Stock Near Key Levels Before November Earnings

TLDR

Table of Contents

ARM stock remains more than 100% higher YTD despite falling about 40% from its 2026 peak.
The stock is trading within a broad $234.80 to $252.10 range.
Arm posted fiscal Q1 2027 EPS of $0.45, beating the $0.36 estimate.
Raymond James raised its ARM price target to $272, while HSBC maintained a Hold rating.
AI-related CPU royalties remain a key growth driver as hyperscalers increase Arm-based deployments.

ARM Holdings PLC is trading within a broad $234.80 to $252.10 range after a recent pullback. ARM stock remains more than 100% higher year to date, despite falling about 40% from its earlier 2026 peak. The wider trend still shows strength, while short-term price action remains weaker.

Arm Holdings plc American Depositary Shares, ARM

ARM Stock Holds Long-Term Uptrend

Arm reported fiscal first-quarter 2027 earnings per share of $0.45, beating the $0.36 estimate. Earnings also improved from $0.35 a year earlier. The company will report its next results on November 4, 2026, giving investors another update on royalty growth and demand.

AI infrastructure remains a key growth area for Arm. Large technology companies, including Nvidia, Google, Microsoft, and Amazon, continue to use Arm-based designs. Some forecasts expect CPU royalties tied to this market to represent more than 30% of total revenue by 2031.

Raymond James raised its ARM stock price target from $244 to $272 and kept an Outperform rating. The firm cited growing server royalty exposure as a key driver. That view supports expectations for stronger revenue from data-center and cloud customers over time.

HSBC maintained a Hold rating and pointed to foundry capacity limits. The bank expects those limits to restrict near-term earnings growth. Arm also trades near 298 times earnings, which leaves less room for weak results or slower growth.

Arm is also expanding into AI accelerators through a new partnership with Samsung. The move adds another source of potential revenue. However, some analysts view the partnership as more focused on mobile inference than on higher-value data-center computing.

Insider activity has also drawn attention. Chief Financial Officer Jason Child sold about $2.65 million worth of shares in late August. The sale came while ARM stock remained volatile and investors continued to assess the company’s valuation and growth outlook.

Technical Signals Show Near-Term Pressure

ARM stock has moved below its 20-day EMA near $254.30 and its 50-day SMA near $268.90. That shift points to weaker short-term momentum. However, the stock remains above its 200-day SMA near $200.20, which supports the broader upward trend.

The 14-day RSI stands between 39.0 and 42.5, while the CCI sits near -115.1. Both readings reflect recent selling pressure. MACD remains negative, but the histogram shows that bearish momentum has started to ease.

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