New York, Feb 1, 2026, 18:26 EST — Market closed.
- Arm’s U.S.-listed sponsored ADRs dropped 2.8% in the last session, closing at $105.36.
- A filing revealed CEO Rene Haas intends to sell a small number of shares under SEC Rule 144.
- Traders are turning to Arm’s earnings report on Feb. 4 for new clues on the market’s next move.
Arm’s U.S.-listed sponsored ADRs dropped 2.8% to $105.36 on Friday, wrapping up a tough day for chip stocks. The shares remain in the spotlight as the company gears up to release its quarterly results this week.
The timing is crucial as Arm Holdings will release its fiscal third-quarter results on Feb. 4, after the market closes, followed by a webcast at 17:00 Eastern (14:00 Pacific) to discuss the numbers and outlook.
Arm’s decline followed a wider selloff in semiconductors on Friday. The PHLX Semiconductor Index dropped 3.9% by the close.
Investors reacted to a shift in rate outlooks following Donald Trump’s choice of Kevin Warsh to replace Jerome Powell as Federal Reserve chair, amid earnings reports and a stronger-than-expected inflation figure. “Markets are calibrating” to the nomination, noted Michael Hans, chief investment officer at Citizens Wealth. Reuters
Arm CEO Rene Haas intends to offload 6,152 American depositary shares, worth roughly $654,000, according to a filing. The sale is set to go through Fidelity Brokerage Services around Jan. 30.
A Form 144 notifies the U.S. Securities and Exchange Commission that an insider plans to sell shares under Rule 144; it doesn’t confirm the sale has actually taken place.
Arm focuses on designing and licensing chip technology instead of manufacturing processors. It earns licensing fees and ongoing royalties based on the chips its customers produce using Arm’s architecture.
Looking ahead to the week, all eyes turn to guidance. Investors want to see if Arm shifts its outlook on licensing demand and royalty trends, especially for high-end chips used in servers and AI tasks. They’ll also watch for clues on how quickly smartphone and PC upgrades are moving.
But the setup works both ways. If bond yields remain volatile and risk appetite fades, even strong results might not boost the stock. A cautious outlook or a more muted licensing update could deepen the selling pressure.
Markets reopen Monday. The next major event for Arm comes Wednesday, with results and outlook due Feb. 4 after the close.
