Record-High Annual Contract Value Plus Royalties
Arteris achieved a record annual contract value plus royalties of $69.1 million, representing a 15% year-over-year increase.
Strong Remaining Performance Obligations
The company exited the second quarter with $99.3 million in remaining performance obligations, marking a 28% year-over-year increase.
Revenue Growth
Total revenue for the second quarter was $16.5 million, up 13% year-over-year and at the top end of the guidance range.
AI Engineering Innovation Award
Arteris' FlexGen technology won the AI Engineering Innovation Award at the 8th Annual AI Breakthrough Awards.
Strategic Win with AMD
AMD, a top semiconductor company, signed an agreement to utilize Arteris FlexGen technology, highlighting a significant strategic win.