10-K · February 12, 2026
Arteris positions itself as a global leader in System IP (NoC interconnect and SoC integration automation) with solutions embedded in over four billion production SoCs and ~90% average customer retention. Revenue grew…
Earnings analysis · 10-Q
AIP earnings analysis
Filed May 12, 2026 · Our reading of the company's report
The latest report
Arteris, Inc. reported a strong revenue increase in Q1 2026, reaching $22.9 million, up 39% from $16.5 million in Q1 2025. The company achieved an EPS loss of $0.17, an improvement from a loss of $0.20 a year earlier.…
Read full summary
Arteris, Inc. reported a strong revenue increase in Q1 2026, reaching $22.9 million, up 39% from $16.5 million in Q1 2025. The company achieved an EPS loss of $0.17, an improvement from a loss of $0.20 a year earlier. Despite ongoing operating losses, management remains optimistic about future growth, bolstered by the recent acquisition of Cycuity, and reiterated guidance indicating robust performance going forward, particularly in the semiconductor market.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.17
What stood out
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Revenue Growth Surpasses Expectations
Total revenue was $22.9 million, up 39% from $16.5 million in the prior year.
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Operating Loss Improvement
Operating loss was $9.3 million, an increase from $7.7 million a year ago, but improved EPS to a loss of $0.17 from $0.20.
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Free Cash Flow Recovery
Free cash flow showed recovery with a utilization pattern shifting positively, indicating a more sustainable model.
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Segment Expansion from Cycuity
The acquisition of Cycuity significantly expanded the product offering, contributing to revenue through hardware security services.
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Strong ACV Growth
Annual Contract Value climbed to $84.9 million from $62.1 million year-over-year.
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Positive Market Outlook
Management anticipates continued revenue growth driven by demand in semiconductors and AI technology.
What to watch
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Increased Operating Expenses
Operating expenses rose 28% to $28.9 million with a significant increase in R&D costs impacting profitability.
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Dependence on Key Customers
Revenue remains concentrated among a small number of customers, exposing the company to risks if any lose business.
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Disruptions from Geopolitical Tensions
Geopolitical issues, particularly regarding China, may threaten business operations and revenue generation.
Management's outlook
Management expects Q2 2026 revenue between $23.0 million and $24.0 million, and maintains full-year guidance of $91 million to $95 million.
Earlier filings 4
10-Q · August 5, 2025
Arteris reported quarterly revenue of $16,502 (i.e., $16,502,000), up versus the year-ago quarter but essentially flat sequentially, with gross profit of $14,760 (gross margin ~89.5%). The company remains unprofitable:…
10-Q · May 13, 2025
Arteris reported Q1 revenue of $16,532,000, up $3,585,000 versus the prior-year quarter, with gross margin expanding to 90.8% and operating loss narrowing to -46.6% (loss from operations $7,708,000). The company remains…
10-Q · November 7, 2023
Arteris reported third-quarter revenue of $13,274,000, up from $12,598,000 in the prior-year quarter, with gross profit of $11,994,000 (≈90.4% gross margin). Despite the revenue increase, operating loss widened to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.