Arm Holdings’ IPO brought in a significant influx of capital, strengthening its balance sheet. As of Dec. 31, the company held $2.7 billion in cash and had no debt.

An Arm-powered chip is at the heart of essentially every iPhone and Android device that ships. In 2024, IDC estimates that global smartphone shipments grew 6.4% to 1.24 billion.

Arm stock is trading 16% off all-time highs hit last summer. Arm Holdings (NASDAQ: ARM) stock has underperformed the technology sector of late. It is trading down about 16% from its all-time high ...

ARM Price Action: Arm Holdings shares were down 2.01% at $141.97 at the time of writing, according to Benzinga pro. Read Next: Meta Fined $264 Million By EU Watchdog Over 2018 Facebook Data Breach ...

But now the stock is down 8.2% in Thursday action as it heads for its worst one-day percentage drop since October. Arm is one of Stargate's initial technology partners.

Notably, Arm was not interested in Intel's foundries. This division lost $8 billion in 2023, and Intel expects continued difficulties.

Arm Holdings provided guidance for the fourth quarter of fiscal 2025, anticipating revenues between $1.175 billion and $1.275 billion, with the midpoint indicating a 32% year-over-year increase.

Arm Holdings (ARM -13.44%) stock has underperformed the technology sector of late. It is trading down about 16% from its all-time high set in mid-2024, while the tech-focused Nasdaq Composite ...