Welcome to our dedicated page for Arteris news (Ticker: AIP), a resource for investors and traders seeking the latest updates and insights on Arteris stock.
Arteris, Inc. Common Stock (symbol: AIP) is a premiere technology company specializing in network-on-chip (NoC) interconnect IP and system-on-chip (SoC) integration solutions. Arteris’ innovative products are designed to enhance the performance and efficiency of semiconductor devices by providing flexible, efficient interconnect technology enabling reduced cycle times, increased margins, and the effortless addition of functionality.
Arteris' NoC interconnect IP, such as FlexNoC and Ncore, facilitates high-bandwidth, low-latency on-chip connectivity that is essential for a variety of advanced electronic systems. The company's modular architecture allows semiconductor designers to optimize throughput, power, latency, and floorplan, significantly reducing the complexity and physical constraints associated with traditional bus and crossbar interconnect approaches.
Arteris serves a global customer base spanning the Americas, Asia Pacific, Europe, and the Middle East, with a notable concentration of revenues from Asia Pacific. The company’s technology is integrated into devices ranging from 5G base stations and AI accelerators to automotive systems and enterprise computing platforms. This wide application scope is enabled by partnerships with industry leaders such as EdgeQ, Mobileye, and Rebellions.
Recent achievements include the deployment of Arteris’ FlexNoC in EdgeQ’s revolutionary 5G and AI-driven Base Station-on-a-Chip, collaboration with Arm for optimized automotive electronics, and the selection of Arteris' technology by Rebellions for next-generation AI applications. Additionally, Arteris’ Ncore interconnect IP has achieved ISO 26262 certification for functional safety, emphasizing its reliability in mission-critical systems.
Financially, Arteris has shown robust activity with a significant increase in design starts and new customer acquisitions. The company's latest quarterly results reflect strong revenue growth and expanding market influence, underpinned by strategic collaborations and product innovations. Furthermore, Arteris' strategic focus on high-growth sectors such as AI, automotive, and enterprise computing positions it well for continued success.
Arteris continues to advance its technology offerings with tools like Magillem and CSRCompiler, which automate SoC integration processes, further enhancing design efficiency and reducing time-to-market for new products. These solutions underscore Arteris' commitment to providing comprehensive, high-performance IP that meets the evolving needs of the semiconductor industry.
Arteris (Nasdaq: AIP) reported strong Q2 2024 financial results, with revenue up 13% sequentially to $14.6 million. The company achieved record Annual Contract Value and Trailing-Twelve-Month Variable Royalties of $60.1 million, a 3% year-over-year increase. Notably, Arteris reported positive free cash flow for the second consecutive quarter.
Key highlights include:
- Remaining performance obligation (RPO) grew 19% year-over-year to $77.5 million
- Non-GAAP operating loss improved to $3.5 million from $4.2 million in the year-ago period
- Added seven new customers across various markets
- Expanded presence in the Automotive sector with two new global OEM customers
For Q3 2024, Arteris projects ACV + TTM royalties of $58.5-$62.5 million and revenue of $14.2-$15.2 million. Full-year 2024 guidance estimates revenue between $56.0-$58.0 million.
Arteris (Nasdaq: AIP), a leading provider of system IP for SoC creation, has announced its Q2 2024 financial results release scheduled for Thursday, August 1, 2024, after market close. The company will host a conference call at 4:30 PM ET on the same day to discuss the results.
Interested parties can join the call via phone or watch a live webcast on the company's investor relations website. A replay of the webcast will be available for approximately 30 days after the call. This announcement provides investors and analysts with the opportunity to prepare for Arteris' upcoming financial disclosure and gain insights into the company's performance for the quarter ended June 30, 2024.
Arteris (Nasdaq: AIP) announced its inclusion in the Russell 2000 Index, a significant milestone reflecting the company's growth and enhanced visibility in the semiconductor IP industry. President and CEO, K. Charles Janac, stated that this achievement validates their growth trajectory and commitment to delivering advanced SoC design solutions. The Russell 2000 Index, part of the broad-market Russell US Indexes, includes the 4,000 largest US stocks ranked by market capitalization. Approximately $10.5 trillion in assets are benchmarked against these indexes. Membership in the Russell 2000 is determined based on market-capitalization rankings and style attributes.
Arteris (Nasdaq: AIP) announced that Esperanto Technologies has chosen its CSRCompiler software for integrating RISC-V processors in AI and HPC solutions. Esperanto, known for its energy-efficient AI and HPC systems, will utilize CSRCompiler for its next-gen ET-SoC-1 chip, aiming for reduced total cost of ownership and high energy efficiency in data centers and enterprise-edge applications. The chip, featuring 1,000 64-bit RISC-V cores, is optimized for machine learning and large language models. The CSRCompiler software aids in design automation, error reduction, and faster market delivery, important for Esperanto's high-quality silicon production.
Andes Technology and Arteris have announced a partnership to enhance RISC-V SoC adoption. This collaboration aims to deliver high-performance, low-power RISC-V-based designs for diverse markets, including AI and 5G. The key product is the Andes QiLai RISC-V platform, which incorporates Andes' RISC-V processor IPs and Arteris' interconnect IP to create a high-performance SoC. The QiLai SoC features the 64-bit AX45MP multiprocessor and NX27V vector processor, operating at 2.2 GHz and 1.5 GHz, respectively. This platform is targeted at accelerating RISC-V software development.
Arteris, Inc. (Nasdaq: AIP) announced financial results for Q1 2024, including revenue of $12.9 million, ACV and TTM royalties of $58.2 million, and RPO of $74.7 million. The company reported an operating loss of $9.1 million and a net loss of $9.4 million. Highlights include robust design activity, major license deals, and partnerships in the automotive industry. Second quarter and full year guidance were also provided.
FAQ
What is the current stock price of Arteris (AIP)?
What is the market cap of Arteris (AIP)?
What does Arteris, Inc. specialize in?
What products does Arteris offer?
Which industries utilize Arteris' technology?
What are some recent achievements of Arteris?
How does Arteris' technology improve semiconductor design?
What regions contribute most to Arteris' revenue?
What financial milestones has Arteris recently achieved?
Is Arteris' technology certified for safety?
What strategic partnerships does Arteris have?
How does Arteris support developers and engineers?
