May. 13 at 1:14 AM
Arteris Inc shares jumped in aftermarket trading after the company reported stronger-than-expected Q1 results.
The company posted a loss of
$0.03 per share for the quarter ended March 31, beating estimates of a
$0.07 loss. Revenue rose to
$22.9 million, above forecasts of
$21 million.
Arteris develops network-on-chip and system-on-chip technology, along with tools to identify security vulnerabilities in chip designs. The firm is benefiting from rising global chip demand driven by the AI boom, which is increasing the need for complex chip architectures that rely on its technology.
AI is now Arteris’ main revenue driver. The company also raised its full-year revenue guidance to
$91–95 million, up from
$89–93 million previously.
Shares are up 108% year-to-date in 2026.
$AIP