British technology company Arm Holdings (NASDAQ: ARM) has witnessed a remarkable surge in its stock price since April 7, when its shares were trading at a 52-week low, driven by the broader rally in technology stocks.
However, its red-hot rally came to a grinding halt following the release of the company’s fiscal 2026 first-quarter results (for the three months ended June 30) on July 30. Arm stock fell more than 13% in a single session. Investors weren’t impressed with the company’s in-line results and weaker-than-expected guidance, as they were expecting stronger numbers from the company to justify its expensive valuation.
Let’s take a closer look at Arm’s numbers and check if the recent slide could be a buying opportunity for investors looking to add a technology stock to their portfolios.