Arteris Inc. Reports Record‑Breaking Second‑Quarter Results and Raises 2026 Outlook
Arteris Inc. (Nasdaq: AIP) released its financial results for the second quarter ended June 30, 2026, announcing a series of record highs across key performance metrics. The company also issued guidance for the third quarter and the full year 2026, reflecting continued momentum in the artificial‑intelligence (AI) semiconductor market.
Second‑Quarter 2026 Highlights
| Metric | Amount | YoY Change |
|---|---|---|
| Revenue | $24.1 million | +46 % |
| Variable Royalties | $8.6 million | +65 % |
| Annual Contract Value (ACV) + Royalties | $99.5 million | +44 % |
| Remaining Performance Obligation (RPO) | $135 million | +36 % |
The results were driven by strong demand for AI‑enabled chip and chiplet designs. According to President and Chief Executive Officer K. Charles Janac, customer design activity increased 21 % over the trailing‑twelve‑month period, with most new designs incorporating AI compute. Enterprise‑computing deals accounted for an average of 29 % of ACV + royalties in the last four quarters, and AI infrastructure contracts were among the largest in the quarter.
Guidance for 2026
Arteris has updated its full‑year guidance, projecting revenue growth that builds on the second‑quarter performance. While specific figures for the third quarter and year‑end remain confidential, the company indicated that the momentum from data‑center, edge‑device, and physical‑AI systems will sustain its growth trajectory.
Leadership Update
On August 6, 2026, Arteris announced the appointment of Saurabh Sinha as Chief Financial Officer, succeeding the former CFO. The change is expected to support the company’s financial strategy as it expands its product portfolio in high‑performance networking and automotive markets.
Market Reaction and Analyst Coverage
- Roth/MKM issued a “Buy” rating for Arteris on August 4, citing robust chip‑design growth and a favorable AI‑driven demand environment.
- The stock price moved in line with broader AI‑infrastructure sentiment, following a market rally that included gains in Nvidia, Micron, AMD, Marvell, and Broadcom.
Arteris’ performance underscores the broader trend of sustained investment in AI hardware, as evidenced by the recent earnings reports of Palantir Technologies and other AI‑centric firms. The company’s record revenues and expanding contract base position it favorably to capitalize on continued AI adoption across data centers and edge devices.
