# Arm Holdings Faces Fiscal Q2 Test as AI Demand Meets Smartphone Pressure By John Kim Canonical URL: https://www.tokenpost.com/news/business/48050 Published: 2026-11-03T22:37:57.000Z Updated: 2026-11-03T22:37:57.000Z Section: Business > Arm forecast $1.38 billion in revenue and non-GAAP earnings per share of $0.47. Analysts expect revenue at the forecast midpoint and earnings per share of $0.48. Arm Holdings will release fiscal 2027 second-quarter results after markets close Wednesday, Nov. 4, as data-center royalty growth and its outlook draw attention amid pressure on the smartphone market. Arm forecast revenue of $1.38 billion, with a range of plus or minus $50 million, and non-GAAP earnings per share of $0.47, plus or minus $0.04. Analysts expect revenue of $1.38 billion and non-GAAP earnings per share of $0.48. Royalties from data-center use were more than twice their year-earlier level in the first quarter. Arm’s non-GAAP operating margin reached 41.2%, up from 39.1% in the same quarter last year. The company put second-quarter operating expenses at about $780 million. Arm has cited more than $2 billion in customer demand for its AGI CPU across fiscal 2027 and 2028. That figure describes [demand for the chip](), not shipments or revenue. ## Links in this article - [demand for the chip](https://www.tokenpost.com/news/investing/47389)