In the latest quarter Q3'26, ARM's Gross Margin reached 97.6%, Operating Margin stood at 14.9%, and Net Profit Margin was 18.0%, reflecting sustained profitability with gross margins near historical highs and positive operating and net margins indicating efficient cost management and revenue conversion. Over the period from Q4'23 to Q3'26, Gross Margin exhibited a stable upward trend, fluctuating between 92.4% and 97.7% before settling above 97% in recent quarters, underscoring consistent pricing power and operational efficiency. Operating Margin showed volatility, dipping to -19.4% in Q2'24 but recovering to positive territory and peaking at 33.0% in Q4'25, driven by cost controls amid fluctuating expenses. Net Profit Margin trended positively overall, rebounding from a -13.6% low in Q2'24 to range between 12.3% and 25.6% in later periods, highlighting ARM's improving bottom-line resilience despite periodic setbacks.