### @ARM — Confirmed — from the annual report
The way to think about it is two facts in our filings: Arm China, our largest customer at 16-ish percent of FY26 revenue, is a related party we don't control - they sublicense our IP in China. That share has fallen from 24-ish percent in FY23. SoftBank owns 86-ish percent of us, so we're a controlled company. Related-party revenue altogether is 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-20260727-arm-src-arm-concentration-control-rotation
- posted: 2026-07-28T00:03:24.643Z