Arteris reports Q3 EPS (8c), consensus (12c)

Reports Q3 revenue $14.71M, consensus $14.71M. “We’re excited to report a record $60.5M in Annual Contract Value plus royalties, and our third consecutive quarter of positive free cash flow in the third quarter of 2024,” said K. Charles Janac, CEO of Arteris (AIP). “Demonstrating our increasing traction with some of the largest customers in the market, the majority of license deal value in the quarter was with top 30 technology customers, as they create ever more sophisticated electronics that increasingly need high-performance and energy-efficient SoCs. Whether it be within industry verticals such as Automotive and Enterprise Computing, high growth horizontal vectors such as AI, or emerging opportunities like micro-controllers, the industry need for Arteris’ high-performance commercial System IP solutions has continued to increase,” concluded Janac.