"Putting those together, we have a consolidated business with $25 billion of revenue, industry-leading blended gross profit and operating margins, and more than $9 of non-GAAP EPS in FY 2031. This is not a story of choosing between IP and chips. It's a story of combining a very high margin IP model with a large, fast-growing and accretive chip business."

CFO · Jason Child

"the way we thought about it was at the highest level, you're talking about roughly $50 billion of spend on a gigawatt data center, and with CPUs growing from 30 million cores to 120 million cores, and then we calculate out what the power consumption looks like, we save about half versus x86. That gets us roughly to that math of $20 billion."

CEO · Rene Haas

"Looking out over years 2027-2031, 70% of revenues we're forecasting to collect are already covered with royalty rates set in contract. Even by fiscal 2031, the contracted base is still around 60%."

CFO · Jason Child

"I think that this market will grow in 2031, and don't ask me what year, Drew, this thing's gonna hit to a TAM of $200 billion, because I can't tell you exactly when that's gonna happen, except I absolutely to my core believe it is gonna happen. It's gonna happen, this hockey stick is gonna go up high."

Executive VP, Physical AI · Drew Henry

"We think it's a really broad opportunity, and we don't think the future looks like the past, right? You can look backwards and say, 'Okay, you've got these guys doing chips and these guys doing IP, and I add up some of the parts and I can't get the math to work.' The math never works that way when you kinda look forward because things change relative to how architectures are developed and solutions are driven."

CEO · Rene Haas

"The reality of even the CSS story is that some of these hyperscalers are literally just starting to deploy their products in earnest now. They've launched them, and they're really, really launching them, and we have visibility now into what their plans are, and that's what drives our sort of confidence level just in the base CSS business."

Executive VP, Cloud AI · Mohamed Awad

"You can see this in our results. At this point in time, as the base of the quarter that's ending this month, we now have achieved where 25% of our mobile royalties will be coming from CSS. We're not stopping there."

Executive VP, Edge AI · Chris Bergey

"Our ecosystem is massive. Rene already called out that we have 22+ million developers building on Arm. 22 million. I'm pretty sure that makes this the biggest software ecosystem there is. Now, when I think about this breadth, it covers our full platform."

VP, AI Services · Shibani Roy

"Increasing R&D combined with good execution creates a virtuous cycle of new products driving revenue growth. From here, we are forecasting mid-teens OpEx growth through FYE 31. We expect our revenue by FYE 31 to have grown by more than 2.5 times faster than our non-GAAP total costs."

CFO · Jason Child

"We already have a number of customers locked in, and we intend to expand that list. I think it's gonna be a very diverse customer base. To be able to stand up on the day of the launch with two very large companies in this space, Meta and OpenAI, and then some great partners that we showed on the video, SAP, Cloudflare, that's a pretty significant milestone."

CEO · Rene Haas