Arteris (NasdaqGM:AIP) FY Conference Summary Company Overview - **Industry**: Semiconductor IP - **Company**: Arteris IP - **Focus**: Data movement within semiconductor chips, utilizing network-on-chip (NoC) technology to enhance data processing, storage, and transfer capabilities [3][4] Core Business and Technology - **Products**: - Ncore: Cache-coherent product for processor subsystems - Non-coherent NoC IP: For data transport across chips - FlexGen: Automates NOC IP generation, improving design speed by 10x and reducing design length by up to 30% [9] - **Acquisitions**: - Magillem (2020): Enhances SoC connectivity and hardware-software integration - Cycuity (2023): Focuses on hardware security verification [14][15] Market Dynamics - **Increasing Complexity**: Driven by AI applications, chiplets, and the need for robust data movement solutions [5][6] - **AI Focus**: Approximately 50% of design starts are for AI applications, including automotive and data center solutions [10][11] - **Customer Base**: Over 230 active customers, including major global companies and startups [7][8] Financial Performance - **Third Quarter Highlights**: - Revenue growth of 18%, with a significant increase in remaining performance obligations (RPO) by 34% year-over-year, reaching approximately $105 million [19][20] - Positive free cash flow despite negative profitability due to deferred revenue model [17][18] - **Future Guidance**: - Projected revenue around $69 million for the upcoming year, with a target for license revenue growth in the high teens to low 20s percent [34] Growth Strategy - **R&D Investment**: Commitment to maintaining a robust R&D program, with plans to release one new product annually [13][30] - **Market Focus**: Targeting high-growth areas such as automotive, AI, and chiplet solutions [13][14] - **Inorganic Growth**: Potential for further acquisitions to enhance capabilities and market reach [22][23] Customer Relationships - **Retention Rate**: Over 90% customer retention, exemplified by a long-term relationship with Mobileye [12] - **Royalty Streams**: Diversification of royalty sources, with a significant portion now coming from automotive applications [26][27][28] Conclusion - Arteris is positioned for growth in the semiconductor IP market, leveraging its innovative technologies and strong customer relationships to navigate the complexities of modern chip design and data movement. The company is focused on maintaining financial health while investing in R&D and exploring strategic acquisitions to enhance its market position [14][34]

Core Viewpoint - Arteris, Inc. is set to release its financial results for Q2 2025 on August 5, 2025, after market close, with a conference call scheduled for the same day to discuss these results [1]. Company Overview - Arteris, Inc. is a leading provider of system IP aimed at accelerating system-on-chip (SoC) development, focusing on enhancing product performance while reducing power consumption and time to market [3]. - The company's network-on-chip (NoC) interconnect IP and SoC integration automation technology are designed to improve SoC economics, allowing customers to innovate further [3]. Investor Relations - A live webcast of the conference call will be available on the Investor Relations section of Arteris' website, and a replay will be accessible approximately two hours after the call for 30 days [2]. - Interested parties can join the conference call by dialing the provided toll-free and international numbers [1].

Core Viewpoint - Rambus, established in 1990, is a pioneer in interface IP and security IP, redefining data transmission standards between memory and systems with innovative high-speed interface technologies [1] Group 1: Company Overview - Rambus has significantly enhanced performance limits in data centers and edge computing with solutions like DDR memory interfaces, HBM3/4, and PCIe 5/6 [1] - The company offers a robust product portfolio with various security IP solutions, including root of trust technology, secure protocol engines, inline cryptographic engines, and post-quantum cryptography accelerators [1] Group 2: Event Details - A technical seminar focusing on AI and automotive sectors will be held on July 9, 2025, at the Beijing Lijing Huayuan Hotel, featuring industry partners and technical experts [2][3] - The event will include discussions on the latest interface and security IP solutions for AI and advanced applications, highlighting products like quantum-safe encryption, HBM4, GDDR7, and PCIe 6.1/7.0 [6] Group 3: Agenda Highlights - The morning session will cover silicon IP for AI and next-generation applications, including topics such as memory selection for training and inference, and the importance of PCIe and CXL in the AI era [5][6] - The afternoon session will focus on automotive security solutions, addressing trends and challenges faced by hardware and software designers in smart connected vehicles [6][7]

Financial Performance - Revenue for 1Q 2025 reached $16.5 million, a 28% year-over-year increase[11] - ACV (Annual Contract Value) plus Royalties hit a record high of $66.8 million in 1Q 2025, up 15% year-over-year[9, 11] - Remaining Performance Obligation (RPO) increased to $88.9 million, a 19% year-over-year growth[11] - Non-GAAP gross profit was $15.3 million with a gross margin of 92%[11] - Non-GAAP operating expenses were $18.4 million, an 8% year-over-year increase[12] - Non-GAAP operating loss was $3.2 million, a 40% year-over-year improvement[12] - Free cash flow was $2.7 million, a $2.4 million year-over-year increase[9, 13] - Cash, cash equivalents, and investments totaled $55.1 million[13] Guidance - The company projects 2Q 2025 ACV plus Royalties to be between $66 million and $70 million, and revenue to be between $16.1 million and $16.5 million[15] - The company projects FY 2025 ACV plus Royalties to be between $71 million and $79 million, and revenue to be between $65 million and $71 million[15]

Core Insights - Arteris, Inc. has been awarded three prestigious Stevie Awards at the 23rd Annual American Business Awards, including two Gold Stevie Awards for Most Innovative Tech Company of the Year and Technical Innovation of the Year, and a Silver Stevie Award for Achievement in Product Innovation [1][3][4] Company Achievements - The Gold Stevie Award for Most Innovative Tech Company of the Year recognizes Arteris' overall contributions to pioneering change in the tech industry [3] - The second Gold Stevie Award was awarded for Arteris' Ncore cache coherent network-on-chip IP, highlighting its technical innovation [3] - The Silver Stevie Award was given for Arteris' NoC Tiling capabilities, showcasing the company's commitment to product innovation [3] Industry Context - The American Business Awards is a leading business awards program in the U.S., with over 3,600 nominations and participation from more than 250 professionals in the judging process [2] - The awards celebrate organizations across the U.S. that demonstrate resilience and innovation, reflecting the competitive landscape of the tech industry [4] Company Overview - Arteris is recognized as a leading provider of system IP that accelerates system-on-chip (SoC) development, focusing on enhancing product performance while reducing power consumption and time to market [5] - The company's network-on-chip (NoC) interconnect IP and SoC integration automation technology are key components in delivering better SoC economics for its customers [5]

Company Overview - Arteris, Inc. is a leading provider of system IP that accelerates system-on-chip (SoC) creation [3] - The company's technology includes network-on-chip (NoC) interconnect IP and SoC integration automation, which enhances product performance while reducing power consumption and time to market [3] Financial Results Announcement - Arteris will release its financial results for the first quarter ended March 31, 2025, after market close on May 13, 2025 [1] - A conference call to discuss these results will be held on the same day at 4:30 PM ET, with dial-in options provided for participants [1] Investor Relations - A live webcast of the conference call will be available on the Investor Relations section of Arteris' website [1] - A replay of the webcast will be accessible approximately two hours after the call and will remain available for about 30 calendar days [2]