{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"Arm Holdings (ARM): A Record Quarter, a 50% Crash — And Still 970x Owner Cash Flow","slug":"arm-holdings-arm-a-record-quarter-a-50-crash-and-still-970x-owner-cash-flow","published_at":"2026-07-29T22:42:20+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/arm-holdings-arm-a-record-quarter-a-50-crash-and-still-970x-owner-cash-flow","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/arm-holdings-arm-a-record-quarter-a-50-crash-%e2%80%94-and-still-970x-owner-cash-flow/","audio_url":"https://mcdn.podbean.com/mf/web/w3hki392uwnrfrhg/audio_j.mp3","summary":"Arm Holdings plc (ARM) Q1 FY2027 — Arm Holdings (ARM), the UK-based company whose CPU architecture sits inside almost every smartphone on earth and a fast-growing share of AI data centers, reported fiscal Q1 2027 (quarter ended June 30, 2026) after the close on July 29: revenue rose 22% YoY to a record $1,289M, beating the $1.26B guide; royalty revenue +22% to $715M with data-center royalties more than doubling; license and other revenue +23% to $574M. Non-GAAP EPS of $0.45 (+29% YoY) beat both the $0.40 guide and the $0.40 Street estimate, and non-GAAP operating margin rose to 41.2%. Management raised Q2 guidance to $1.38B +/- $50M (Street ~$1.34B) and non-GAAP EPS to $0.47 +/- $0.04 (Street ~$0.43). But the GAAP books tell a different story: GAAP operating income was just $91M and the GAAP operating margin FELL to 7.1% from 10.8%, because Arm expensed $343M of share-based compensation plus $90M of employer taxes — 33.6% of revenue — in a single quarter. Of $270M GAAP net income, $128M was a non-cash equity-investment mark-up and $17M a tax benefit. Arm touts $1,397M of TTM non-GAAP free cash flow (+134%), but that treats $1,154M of TTM stock comp as free; subtract it and true owner free cash flow is roughly $243M, and on that basis Arm's FCF was negative in FY2024, FY2025 and FY2026. Annualized contract value rose only 13% versus reported licensing +23%, and Arm quietly stopped disclosing remaining performance obligations, Access licence counts and chip unit volumes. 30% of revenue ($388M) is related-party, principally Arm China. The stock closed at $224.89 on July 29 (down 8.1% on the day, pre-print) after a 50% collapse from its $452.70 June high, and traded near $225.84 after hours — essentially flat on a beat and raise. Our owner-earnings DCF with SBC honestly ex…","meta_description":"Arm Holdings plc (ARM) Q1 FY2027 — Arm Holdings (ARM), the UK-based company whose CPU architecture sits inside almost every smartphone on earth and a fast…","key_points":[],"chapters":[],"topics":[],"duration_seconds":959,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/arm-holdings-arm-a-record-quarter-a-50-crash-and-still-970x-owner-cash-flow/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/arm-holdings-arm-a-record-quarter-a-50-crash-and-still-970x-owner-cash-flow.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}