Key facts
- Arm Holdings stock hit a new 52-week high of $427.99 on June 2.
- CEO Rene Haas stated Arm could reach its $15 billion chip sales target earlier than planned.
- Mizuho raised its price target on ARM to $500 from $425.
- Arm reported record Q4 FY2026 revenue of $1.49 billion, up 20.1% year-over-year.
- Arm projects $15 billion in AGI CPU revenue and $10 billion in IP revenue by FY2031.
Arm Holdings (ARM) stock reached a new 52-week high of $427.99 on June 2, marking a 264% increase year-to-date. This surge follows CEO Rene Haas's statement that the company could achieve its $15 billion in-house chip sales target sooner than the end-of-decade goal, driven by increased AI infrastructure spending. Mizuho Securities responded by raising its price target for ARM to $500 from $425, maintaining an Outperform rating. The firm cited developments from Computex 2026 and Arm's expansion of its AGI CPU platform with partners like Oracle and ByteDance. Mizuho also flagged a potential AI ASIC product launch in late 2026 or early 2027, which could tap into a market exceeding $1 trillion. Arm reported a record Q4 FY2026 revenue of $1.49 billion, a 20.1% year-over-year increase, with licensing revenue up 29.2% and royalty revenue up 10.5%. The company ended the quarter with $2.8 billion in cash. For Q1 FY2027, Arm projects revenue of approximately $1.26 billion, representing about 20% year-over-year growth.