Well, technically it will not solve your issue (running MySQL on ARM), but for the time being, you could add platform to your service like:

services:
  db:
    platform: linux/x86_64
    image: mysql:5.7
    ...

Alternatively, consider using MariaDB, which should work as a drop-in replacement like e.g. this:

services:
  db:
    image: mariadb:10.5.8
    ...

Both ways work for me on M1 with the Docker Preview

I had a similar issue, solved with this line in my dockerfile:

before

FROM ubuntu:18.04

after

FROM --platform=linux/x86_64 ubuntu:18.04

Please refer to the following link for known issues. In your Mac's terminal run

softwareupdate --install-rosetta

and then in docker-compose have something along the lines of

mysql_gdpr:
    platform: linux/x86_64
    image: mysql/mysql-server:8.0.23
    ports:
      - "3306:3306"
    environment:
      MYSQL_DATABASE: "user_security"
      MYSQL_RANDOM_ROOT_PASSWORD: 1
      MYSQL_USER: "security"
      MYSQL_PASSWORD: "pleasechangeit"

For anyone struggling to make it work with a specific version, the following didn't work for me:

docker run --platform linux/x86_64 mysql:5.7.26 -e MYSQL_ROOT_PASSWORD=pass

but this did:

 docker run --platform linux/x86_64 mysql:5.7 -e MYSQL_ROOT_PASSWORD=pass

same problem for m1 mac just run this command

docker pull --platform linux/x86_64 mysql

From this answer, I added this to my local docker-compose.override.yml

services:

  mysql:
    platform: linux/amd64
    ports:

Oracle maintains a MySQL 8.0.23 docker image for arm64.
https://hub.docker.com/r/mysql/mysql-server

To use it in your docker-compose file

version: "3.8"
services:
  mysql:
    container_name: mycontainername
    image: mysql/mysql-server:8.0.23
    ports:
      - "3306:3306"
    environment:
      MYSQL_ROOT_PASSWORD: root
      MYSQL_DATABASE: mydatabasename
      MYSQL_ROOT_HOST: "%"
    command: --lower_case_table_names=1

This Github repo allows to build a MySQL 5.7 aarch64 image.

Building it with the following command (naming it the same as the official mysql:5.7 image) it will be used by default by all your docker-compose configurations or Dockerfiles that specify mysql:5.7.

docker build -t mysql:5.7 .

It means that you won't have updates from the official MySQL Dockerhub repo anymore, but as a temporary drop-in replacement I find it useful.

Docker on its official documentation says:

Not all images are available for ARM64 architecture. You can add --platform linux/amd64 to run an Intel image under emulation. In particular, the mysql image is not available for ARM64. You can work around this issue by using a mariadb image.

(source here)

So what you should do to make your project work is to add platform: linux/amd64 to your docker-compose.yml.

It would look like:

services:
    mysql:
        image: mysql:5.7
        platform: linux/amd64
        ...

As you can imagine probably the performance won't be the same.

Please note that when using --platform linux/x86_64 on arm64/v8 you may lose Linux Native AIO support.

Check out the docker container logs:

[ERROR] [MY-012585] [InnoDB] Linux Native AIO interface is not supported on this platform. Please check your OS documentation and install appropriate binary of InnoDB.
[Warning] [MY-012654] [InnoDB] Linux Native AIO disabled.

Consider using mysql/mysql-server instead, as it has arm64/v8 support out of the box.

can try start/run a container (for mac m1)

docker run -d -p 3306:3306 --name mysql --platform linux/x86_64 --env MYSQL_ROOT_PASSWORD=12345 mysql

Attempts to run x86 containers on M1 machines under emulation can crash. Even when the containers do run correctly under emulation, they will be slower and use more memory than the native equivalent. From here https://docs.docker.com/desktop/mac/apple-silicon/#known-issues