### @ARM — Confirmed — from the annual report
The way to think about it is two uncomfortable facts sit in our filings. Our single largest customer, Arm China, was 16-ish percent of fiscal 2026 revenue - a related party whose operations neither we nor SoftBank control; they sublicense our IP in China. That share has declined from 24-ish percent in fiscal 2023. SoftBank beneficially owns 86-ish percent of us as of May 2026, making us a controlled company. Aggregate related-party revenue - Arm China plus SoftBank - rose to 30-ish percent.
- tier: Confirmed (✓)
- source: ARM / The customer it doesn't control, and the owner that controls it
- receipt: https://ticker.thevixguy.com/p/p-day-20260722-arm-src-arm-concentration-control-ingest
- posted: 2026-07-22T13:52:27.018Z