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Arm Holdings plc (ARM) Q3 2026 Earnings Call February 4, 2026 5:00 PM EST

Company Participants

Jeffrey Kvaal – VP & Head of Investor Relations
Rene Haas – CEO & Director
Jason Child – Executive VP & CFO

Conference Call Participants

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Joseph Quatrochi – Wells Fargo Securities, LLC, Research Division
Simon Leopold – Raymond James & Associates, Inc., Research Division
Vivek Arya – BofA Securities, Research Division
Mehdi Hosseini – Susquehanna Financial Group, LLLP, Research Division
Vijay Rakesh – Mizuho Securities USA LLC, Research Division
Sreekrishnan Sankarnarayanan – TD Cowen, Research Division
Harlan Sur – JPMorgan Chase & Co, Research Division
Yu Shi – Needham & Company, LLC, Research Division
Srinivas Pajjuri – RBC Capital Markets, Research Division
Andrew Gardiner – Citigroup Inc., Research Division
John DiFucci – Guggenheim Securities, LLC, Research Division
Timm Schulze-Melander – Rothschild & Co Redburn, Research Division

Presentation

Operator

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Good day, and thank you for standing by. Welcome to the Arm Third Quarter Fiscal Year 2026 Webcast and Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your first speaker today, Jeff Kvaal, Head of Investor Relations. Please go ahead.

Jeffrey Kvaal
VP & Head of Investor Relations

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Thank you very much, and welcome to our third quarter fiscal ’26 earnings call. On the call are Rene Haas, Arm’s Chief Executive Officer; and Jason Child, Arm’s Chief Financial Officer.

During the call, Arm will discuss forecasts, targets and other forward-looking information about the company and its financial results. All of these statements represent our best current judgment about future results. Our business is subject to many risks and uncertainties that could cause actual results to differ materially. In addition to any risks that we highlight during this call, important risk factors that may affect our future results and performance are described in our registration statement on Form 20-F

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The Securities and Exchange Board of India (Sebi) has proposed to change the ‘fit and proper person’ criteria for market intermediaries including stockbrokers, in a move to reduce compliance burden for entities facing legal proceedings.

The regulator has suggested to remove automatic disqualification of individuals holding key positions on filing of an FIR (first information report) or a charge sheet in economic offence cases.

“It has been represented that mere pendency of criminal complaint or FIR or filing of charge sheet should not trigger disqualification, as filing of such criminal complaint or FIR or charge sheet are the preliminary steps to set the criminal law into motion. The same is also stated to be against the settled principle of criminal law that all persons are innocent until proven guilty,” Sebi said in a discussion paper on Wednesday.

The move comes after the regulator submitted before the Bombay High Court that it would review its rules on ‘fit on proper person’ after brokers involved in the National Spot Exchange (NSEL) case, including Anand Rathi Commodities and Motilal Oswal, challenged a Sebi order declaring them ‘not fit and proper’ to operate.

These brokers argued that disqualification merely on allegations was a violation of their constitutional rights.

As per current rules, intermediaries, key managerial personnel and persons in control incur a disqualification if there is a pending criminal complaint or FIR filed by Sebi or a pending charge sheet concerning economic offences by an enforcement agency.
The regulator has now proposed that a rule-based formula may be onerous and not appropriate as it could lead to unintended consequences such as putting a person at a disadvantageous position at a preliminary stage of pending criminal complaint or charge sheet, which could later result in acquittal or discharge.This may also be counterproductive to the objective of promoting ease of doing business, it said.

Any serious or incriminating factor may be taken into account on a case-to-case basis in the context of the person’s overall conduct and the potential risk to the interests of the investors, Sebi said.

The regulator said it would come out with guidelines regarding cases where pendency of criminal proceedings is egregious enough to incur disqualification.

This article was written by

Chrysler is recalling more than 450,000 vehicles and more than 2,000 tow-trailer modules over a light brake failure that could raise the risk of a crash, according to the National Highway Traffic Safety Administration (NHTSA).

The recall impacts 456,287 vehicles and an additional 2,871 tow-trailer modules, the NHTSA said in a pair of notices on Monday.

The affected vehicles contain the faulty modules, which the agency said were improperly designed.

TOYOTA RECALLS 161K TUNDRA TRUCKS OVER REARVIEW CAMERA DEFECT THAT INCREASES CRASH RISK

The modules impacted by the recall may result in the brake lights on attached trailers failing to illuminate, or they may cause trailer brakes to fail altogether, cutting visibility and increasing crash risk.

The impacted products include the 2026 Jeep Cherokee, 2024-2026 Jeep Wagoneer S, 2025-2026 Ram 1500, 2025-2026 Ram 2500, 2025-2026 Ram 3500, 2025-2026 Ram 4500, 2025-2026 Ram 5500 and certain Mopar tow-trailer modules.

Anyone with the recalled tow-trailer modules installed can take them to their Fiat Chrysler Automobiles dealer for a free replacement. If the module is not installed, dealers will repurchase the item.

If the tow-trailer module is installed in a vehicle, dealers will replace it for free. If the tow-trailer module is not installed in a vehicle, dealers will repurchase it.

TOYOTA RECALLS ABOUT 127K PICKUP TRUCKS, SUVS OVER POTENTIAL ENGINE ISSUES

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Owners of recalled vehicles that come with the module installed can take them to their Fiat Chrysler Automobiles dealer for a free replacement.

Owner notification letters will be sent out on March 24, 2026.