According to the release notes accompanying version 16.57, Excel will now run natively on Macs powered by Apple's M1-series processors without having to use the Rosetta 2 translation layer, which means anyone using a Mac with an M1, M1 Pro, or M1 Max processor can expect better performance and energy efficiency when working with Excel spreadsheets, particularly those that make use of the Power Query function.
Excel is fully supported on devices with Apple Silicon CPUs: Power Query in Excel for Mac is now natively supported on Apple Silicon processors.In contrast to the original Rosetta – the version that allowed PowerPC apps to run on Intel-based Macs – code isn't interpreted in real-time.