Arteris reports Q1 EPS (17c), consensus (7c)

Reports Q1 revenue $22.94M, consensus $21.02M. “Arteris (AIP) delivered a strong first quarter to start the year, achieving a record Annual Contract Value plus royalties of $92.8 million, up 39% year-over-year, and new highs in revenues, royalties and remaining performance obligation,” said K. Charles Janac, President and Chief Executive Officer of Arteris. “Our customers continue to innovate across high-growth areas, including AI-enabled chips and chiplet architectures spanning data centers, edge devices and emerging physical AI systems. As these increasingly complex systems require a combination of high performance, energy efficiency, functional safety and cybersecurity, we believe we are well positioned to enable efficient and secure data movement across a broad range of end-markets including enterprise computing, automotive, communications, industrial automation and aerospace and defense,” concluded Janac.