Arm公布2027财年第一财季财报，交出亮眼成绩单[1]。本季度营收达12.9亿美元，同比增长22%，创下季度纪录；净利润翻倍至2.7亿美元，相较去年同期的1.3亿美元大幅跃升[1]。特许权使用费收入7.15亿美元，同比增长22%，成为驱动增长的核心引擎[1]。其中，数据中心特许权使用费实现翻倍增长，反映出全球科技巨头对Arm架构的需求激增[1]。
自研AGI CPU芯片的市场热度远超预期。Arm原本为2027-2028财年设定的AGI CPU目标需求为10亿美元，但实际已获得超过20亿美元的订单需求[1]。Neoverse架构的出货规模进一步扩大，累计出货量已突破15亿核心，其中最近5亿核心仅用九个月即完成[1]。美国和中国持续增加新客户，英伟达、谷歌、亚马逊等全球巨头在AI基础设施中加速采纳Arm架构[1]。具体来看，英伟达的Vera CPU已进入全面生产阶段，性能提升50%，能效提升2倍；亚马逊AWS与Meta达成多年协议，部署数千万个Graviton5核心[1]。IDC的最新报告显示，过去两个季度基于Arm的加速服务器支出已翻倍，并超越了x86平台[1]。
Arm Holdings reported strong financial results for the first quarter of fiscal 2027, with revenue reaching $1.29 billion, representing a 22% year-over-year increase [1]. Net profit doubled to $270 million compared to $130 million in the prior year period, while earnings per share climbed to $0.25 [1]. On a non-GAAP basis, the company reported earnings per share of $0.45, up 29% year-over-year [1].
The standout driver of growth was the data center segment. Royalty revenue from licensing agreements reached $715 million, up 22% annually, while licensing and other revenue totaled $574 million, growing 23% [1]. The company's Neoverse processor architecture has shipped over 1.5 billion cores cumulatively, with the most recent 500 million cores reaching that milestone in just nine months [1]. Annual contract value climbed to $1.732 billion, reflecting 13% growth [1].
Arm's artificial general intelligence CPU initiative has exceeded expectations dramatically. The company originally projected demand of $1 billion for fiscal years 2027–2028 but has now secured commitments exceeding $2 billion [1]. Both the United States and China continue to add new customers in this category [1]. According to IDC research, spending on Arm-based accelerated servers has doubled over the past two quarters and now surpasses x86 platforms [1].
Major technology companies are accelerating their adoption of Arm architecture for AI infrastructure. Nvidia's Vera CPU has entered full production with 50% performance improvements and double the energy efficiency [1]. Amazon Web Services and Meta have signed a multi-year agreement to deploy tens of millions of Graviton5 cores [1]. Nvidia, Google, and Amazon are among the global giants integrating Arm architecture into their AI foundation systems [1].
Looking ahead, the company's chief financial officer predicted that smartphone royalty revenue will grow between 10% and 15% in the second quarter [1]. Following the earnings announcement, Arm's stock price declined 8% in after-hours trading [1].
