- Arm CEO Rene Haas told CNBC's Jim Cramer that his confidence in meeting $2 billion in customer demand for the company's new AGI CPU has increased further since the July earnings call.
- Arm first disclosed visibility into $2 billion in demand for the AGI CPU on its May earnings call, double the $1 billion outlined when the custom CPU was announced in March.
- The primary investor concern has been whether Arm can secure enough manufacturing supply to convert that demand into revenue amid competition for limited chipmaking capacity during the AI boom.
- Arm shares have held onto their July post-earnings gain but remain roughly 45% below their June high of $452 following a parabolic run in the first half of 2026.
Quotes
“Here I am in September, and what I can tell you is, Jim, I'm more confident today than I was on that July earnings.”
“We're feeling good about it. We're feeling really good about it.”
“So what we said in the earnings call I think was May timeframe that we had visibility to $2 billion, and what we said in the last earnings call was that our confidence to achieve that $2 billion number had increased from May to July”