Welcome to our dedicated page for Altair Engineeri news (Ticker: ALTR), a resource for investors and traders seeking the latest updates and insights on Altair Engineeri stock.
Overview of Altair Engineeri
Altair Engineeri is a technologically advanced company specializing in simulation technology, engineering software, high‐performance computing (HPC), and data analytics solutions. With a robust pedigree in computational intelligence, the company provides an integrated software suite designed to optimize product design, process efficiency, and decision-making, making it an essential partner for industries focused on innovation and performance optimization.
Core Business and Capabilities
At the heart of Altair Engineeri's operations is its commitment to developing advanced simulation and modeling tools. Its integrated suite covers a broad range of functionalities including:
- Simulation & Modeling: Software tools that simulate physical phenomena across multiple disciplines such as structural behavior, fluid dynamics, thermal management, and system dynamics.
- Product Design & Optimization: Solutions that enable cross-disciplinary product design from concept to in-service operation by leveraging optimization engines and solvers.
- High-Performance Computing: Cloud-based and HPC solutions that facilitate complex simulations and data-intensive applications, ensuring faster time-to-insight and efficient resource management.
- Data Analytics and Artificial Intelligence: Platforms that integrate machine learning, generative AI, and advanced data visualization to transform raw data into actionable knowledge.
Business Model and Market Position
Altair Engineeri predominantly generates revenue through its software segment by offering enterprise-class engineering tools on a licensing basis. In addition, the firm provides client engineering services that support customers through implementation, consulting, and technical support. This dual-channel model reinforces its market position and caters to a broad customer base ranging from major corporations to innovative startups in diverse industries.
Industry Applications and Impact
The company's technology is widely applicable across several sectors. It is instrumental in:
- Automotive and Aerospace: Enhancing vehicle performance through simulation-based design and the development of lighter, more efficient components.
- Government and Defense: Providing robust simulation and data analytics tools to improve decision-making and operational readiness.
- Consumer Products and Life Sciences: Innovating product development cycles with rapid prototyping and optimization solutions.
- Financial Services and Energy: Facilitating data-driven approaches to risk management and operational efficiency through advanced analytics.
Technological Advancements and Collaborations
Altair Engineeri continues to drive innovation by adopting cutting-edge research in areas such as quantum computing for computational fluid dynamics (CFD) and integrating advanced simulation techniques with AI-powered automation. The company regularly collaborates with leading universities, technology partners, and industry specialists to remain at the forefront of engineering software development. These initiatives not only enhance its product portfolio but also establish its credibility and technical expertise in the competitive landscape.
Expertise and Operational Excellence
With a heritage spanning several decades, Altair Engineeri combines a deep understanding of physics, engineering, and computational methods to deliver solutions that are both innovative and reliable. The quality of its offerings is underpinned by rigorous methodologies, extensive testing, and continuous improvement practices. This comprehensive approach ensures that clients achieve a competitive advantage by transforming complex data and engineering challenges into streamlined, effective solutions.
Summary
Altair Engineeri is a pivotal enabler of digital transformation in engineering and design. By marrying simulation technology with data analytics, HPC, and AI, the company empowers organizations to optimize their product lifecycles, reduce development costs, and accelerate time-to-market. It stands as a trusted resource in the global technology and manufacturing ecosystem, offering tools that drive smarter decisions and facilitate innovative breakthroughs across multiple industries.
Altair (Nasdaq: ALTR) and JetZero have announced a strategic partnership to develop the world's first commercial blended wing airplane. The innovative aircraft design is expected to achieve up to 50% reduced fuel consumption and emissions compared to conventional airliners.
JetZero is utilizing Altair® FlightStream™, part of the HyperWorks® platform, to perform advanced computational fluid dynamics simulations. The technology enables faster design iterations and reduced computational costs. The blended wing design seamlessly integrates the aircraft's wings with its body, creating a wider frame that maximizes lift while minimizing drag.
As a member of the Altair Aerospace Startup Acceleration Program (ASAP), JetZero gains access to Altair's complete portfolio of simulation, data analytics, and AI tools. The company aims to achieve its first full-scale flight in 2027.
Altair (Nasdaq: ALTR) has announced a technical integration between the NVIDIA Omniverse Blueprint for Real Time Digital Twins and the Altair One® cloud innovation gateway. The integration leverages GPU acceleration, NVIDIA NIM microservices, and Omniverse technologies to enhance visualization and interaction with complex simulations in a shared environment.
The collaboration enables real-time simulation and collaboration in virtual environments, combining 3D design, AI, and ray tracing capabilities. Users can now access high-end rendering and streaming capabilities on the cloud, particularly beneficial for crash and drop test simulations.
Notable performance improvements include up to 1.6x improvement on NVIDIA DGX B200 for Altair's ultraFluidX®, nanoFluidX®, and EDEM solutions. For EDEM specifically, this represents a 40x speed increase compared to 32 CPUs. Additionally, Altair OptiStruct® now features the cuDSS GPU-accelerated Direct Sparse Solver library for enhanced CPU and GPU-accelerated performance.
Altair (Nasdaq: ALTR) will showcase its advanced AI and simulation technologies at Hannover Messe 2025 from March 31 to April 4 in Hanover, Germany. The company will demonstrate AI-powered engineering solutions, focusing on smart manufacturing, digital twins, and AI agents.
The showcase includes a successful implementation at CNH Industrial, where Altair's AI-augmented simulation tools created a digital twin that accelerated product development. Key technologies to be presented include:
- Smart Manufacturing solutions for optimizing operations
- AI-Powered Engineering for accelerated design
- Digital Twins integrating simulation and AI
- Knowledge Graphs for enterprise analytics
- AI Fabric for operational transformation
- AI Agents for autonomous decision-making
Altair experts will deliver four technical presentations covering topics from smart factories to engineering efficiency and materials transition.
Altair (Nasdaq: ALTR), a global leader in computational intelligence, has been selected to join the Piedmont Aerospace Cluster. Altair will contribute to several of the Cluster's innovative projects and strategic initiatives, providing indispensable tools and expertise for digital engineering and the application of AI in the development, production, and maintenance of aircraft and subsystems.
Altair's senior vice president of aerospace and defense, Pietro Cervellera, highlighted the company's long-standing presence in Piedmont and Turin, emphasizing their established relationships with leading aerospace companies.
Fulvia Quagliotti, president of the Piedmont Aerospace Cluster, welcomed Altair, noting the importance of simulation, data analytics, and AI for aerospace organizations.
The Cluster, established in 2005, aims to enhance the competitiveness of Piedmont's aerospace industry by coordinating public and private investment in technological innovation. It is a founding member of the National Aerospace Technology Cluster (CTNA), which federates Italy's leading aerospace hubs and includes public authorities, universities, research centers, and companies.
Altair (ALTR) reported its Q4 and full-year 2024 financial results, showing strong revenue growth and improved profitability. Q4 software revenue increased 15.0% to $179.4 million, while total revenue grew 12.3% to $192.6 million. However, Q4 net income decreased to $1.0 million from $19.7 million in Q4 2023.
For full-year 2024, software revenue rose 11.3% to $611.9 million, and total revenue increased 8.7% to $665.8 million. The company achieved net income of $14.2 million, compared to a net loss of $8.9 million in 2023. Free cash flow improved to $140.0 million from $117.1 million.
Notably, Altair's stockholders approved the pending acquisition by Siemens Industry Software, expected to close in first half 2025. The company has suspended quarterly financial results conference calls and guidance due to this transaction.
Altair (Nasdaq: ALTR) has announced the release of HyperWorks® 2025, an advanced design and simulation platform aimed at achieving a zero-prototype world. The platform combines artificial intelligence (AI), high-performance computing, and multiphysics simulation with cloud-based scalability.
Key features include AI-powered engineering with physics prediction models, cloud-based SaaS solutions like Altair® DSim™, and enhanced automation capabilities with Python APIs. The platform offers digital twin technologies, improved solver efficiency through the 'One Model, One Solver' approach, and advanced material simulation capabilities.
Notable improvements include enhanced multiphysics simulation for electronics, CAE design tools with AI assistance through Altair® CoPilot™ Beta, and expanded particle simulation features with new physics models for various industries including agriculture, batteries, and pharmaceuticals.
Altair (ALTR) and L&T Technology Services (LTTS) have announced the launch of a 5G-6G Wireless Center of Excellence (CoE). The initiative combines Altair's design and simulation tools with LTTS's domain expertise to address challenges in telecommunications, automotive, manufacturing, and healthcare sectors.
The CoE will focus on key initiatives including 5G-6G network planning, RF design and development, wireless connectivity enhancements for smart factories and connected vehicles, digital twins of 5G and 6G networks, and network failure predictions. These solutions will be powered by Altair® HyperWorks® and Altair® RapidMiner® platforms.
The center aims to tackle industry challenges such as connectivity breakdowns, high operational costs, and slower innovation cycles. It will provide hands-on training, workshops, and collaborative spaces to help industries adopt wireless technologies. LTTS was recognized as Partner of the Year at the 2025 Altair Channel Partner Awards for their work in simulation and digital twin technology.
Altair (ALTR) has announced its flagship annual event, Future.Industry 2025, scheduled for March 5-6, 2025, as a virtual conference. The event will feature speakers from leading organizations including NVIDIA, Microsoft, AMD, and others, focusing on simulation, high-performance computing, AI, and data analytics.
The conference will be structured with unified main sessions on Day 1 and early Day 2, followed by four specialized tracks covering engineering AI integration, enterprise AI adoption, HPC solutions, and educational innovation. The event will be accessible across Americas, EMEA, and APAC time zones, offering live translations in eight languages.
Notable speakers include representatives from Google, BBC News, Forrester, and other industry leaders. The event aims to provide insights for audiences of all expertise levels, exploring technological transformations across various sectors.
Altair (ALTR) has welcomed Meridian Flight Systems to its Aerospace Startup Acceleration Program (ASAP). Through this collaboration, Meridian will leverage Altair's advanced simulation, data analytics, and HPC software to enhance the development of their Corra unmanned aerial vehicle (UAV) and Hybrid Electric Range-Extending Microturbine Energy System (HERMES).
The partnership includes comprehensive access to Altair's simulation and optimization software for aerodynamics, structural integrity, and thermal systems, along with dedicated technical support. Both companies will collaborate on research initiatives, co-authoring papers and presenting at industry conferences to share insights from the projects.
Altair (ALTR) has announced significant upgrades to its Altair® HPCWorks® high-performance computing and cloud platform for 2025. The enhanced platform now operates within Altair Units licensing system, offering flexible and scalable licensing options. Key improvements include expanded cloud scaling capabilities for both Altair and third-party workload managers, advanced AI-enabled job scheduling, and enhanced GPU support.
The platform introduces integrated cloud automation for efficient resource management across multi-cloud and multi-cluster installations. Notable features include AI integration with the Altair® RapidMiner® platform for smarter scheduling, comprehensive monitoring and reporting tools, enhanced security measures, and improved support for distributed workflows. The updates aim to optimize computing resources and streamline operations for enterprises using HPC and cloud services.
FAQ
What is the current stock price of Altair Engineeri (ALTR)?
What is the market cap of Altair Engineeri (ALTR)?
What is Altair Engineeri's core business?
How does Altair Engineeri generate revenue?
Which industries benefit from Altair Engineeri's solutions?
What are the main features of its simulation and modeling tools?
How does Altair Engineeri support its clients?
What role do high-performance computing and AI play in its offerings?
How does Altair Engineeri ensure its expertise and trustworthiness?
In what way does Altair Engineeri contribute to digital transformation?
