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As of Q3'26, ARM's current contract liabilities stand at USD 1.05B, marking the highest level observed in the reported period. This latest figure reflects a continued upward trajectory from the previous quarter, where liabilities were at USD 1.03B. From Q4'23 to Q3'26, current contract liabilities have shown significant volatility, with an initial sharp decline from USD 1.1B in Q4'23 to USD 342M in Q1'24, followed by a rapid rebound and stabilization around the 900M–1B range. Over the past five quarters, the trend has shifted to steady growth, culminating in a new peak in Q3'26, indicating a sustained increase in contractual obligations for ARM.