ARM vs QCOM: AI Stock Comparison

Arm Holdings plc vs Qualcomm Incorporated: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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$ARM scores higher on AI exposure (3/5 vs 2/5) under our published rubric. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: Not enough tracked catalysts to compare.
$ARM 🏆
Arm Holdings plc
CPU architecture licensor whose designs sit in most AI servers and phones.
$QCOM
Qualcomm Incorporated
Smartphone SoCs and modems pushing into on-device and data-center AI.
AI exposure score⚡⚡⚡⚡⚡ 3/5⚡⚡⚡⚡⚡ 2/5
Shares outstanding1.06B
as of 2026-03-31 · 20-F cover page · SEC filing
1.07B
as of 2026-11-02 · 10-K cover page · SEC filing
CategoryAI chipsAI chips
Key metrics
Revenue (latest quarter) $1.44B
6-K period ended 2026-09-30; +27% y/y · SEC filing
Gross margin 97.1%
Gross profit / revenue, same quarter · SEC filing
Operating income $201.0M
Same quarter; 14% operating margin · SEC filing
Revenue (latest fiscal year) $43.12B
10-K period ended 2026-09-27; -3% y/y · SEC filing
Operating income $8.66B
Same fiscal year; 20% operating margin · SEC filing
Net income $13.63B
Same fiscal year · SEC filing
Next earningsNot yet announced / not on our calendarNot yet announced / not on our calendar
Next catalystNot yet announced / not on our calendarNot yet announced / not on our calendar
Upcoming catalystsNone trackedNone tracked
Most recent reported
Nov 4, 2026
Arm Holdings plc reports quarterly results · source
Royalty growth from AI data-center and edge chips. Fiscal Q2 revenue $1.44B (+27% y/y): license and other $773M (+50%), royalties $670M (+8%); data-center royalties doubled y/y.
Nov 4, 2026
QUALCOMM Incorporated reports quarterly results · source
On-device AI and data-center ambitions. Fiscal Q4 GAAP revenue $10.32B (-8% y/y), GAAP EPS $1.17; fiscal 2026 revenue $43.1B. Reiterated a fiscal 2027 Data Center revenue target of $5B.
Key risks
  • “AI and ML are subject to a changing regulatory landscape in multiple jurisdictions in which we operate, and may present certain reputational risks.” — 20-F risk factor (filed 2026-05-26) · source
  • “Our development of production silicon products, such as the Arm AGI CPU, CSS, chiplets, complete chip solutions, and other more integrated compute products may subject us to new or enhanced…” — 20-F risk factor (filed 2026-05-26) · source
  • “Our increasing focus on artificial intelligence (AI), including on-device AI, agentic AI and AI infrastructure, may not result in the anticipated benefits and could expose us to additional…” — 10-K risk factor (filed 2026-11-04) · source
  • “The semiconductor industry is subject to intense competition in an environment of rapid technological change. Our success depends in part on our ability to adapt to such change and compete…” — 10-K risk factor (filed 2026-11-04) · source
AI angle

Arm earns licenses and royalties on chips using its designs, including hyperscaler server CPUs paired with AI accelerators. It is also moving into making its own silicon products.

Qualcomm's revenue is mostly handsets, autos and IoT. Its AI angle is on-device inference in Snapdragon chips plus newer data-center inference products, which its 10-K flags as an uncertain bet.

Full analysis: $ARM →Full analysis: $QCOM →

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