Core Insights - Arteris, Inc. reported strong financial results for Q1 2025, achieving record annual contract value plus royalties of $66.8 million, a 15% increase year-over-year, and positive free cash flow of $2.7 million [2][6]. Financial Highlights - Revenue for Q1 2025 was $16.5 million, representing a 28% increase year-over-year [6]. - Non-GAAP operating loss decreased to $3.2 million from $5.3 million in Q1 2024 [6]. - Net loss for the quarter was $8.1 million, or $0.20 per share, compared to a net loss of $9.4 million, or $0.25 per share, in Q1 2024 [6][16]. - Remaining performance obligations (RPO) reached $88.9 million, up 19% year-over-year [6]. Business Highlights - The company experienced strong demand across key verticals: enterprise computing, communications, and automotive semiconductors, driven by the adoption of chiplets and AI compute [2][6]. - Arteris expanded its customer base, adding another top global automotive OEM, bringing the total to 10 automotive OEMs [6]. - The company joined the Intel Foundry Accelerator program, enhancing its network of ecosystem partners [6]. - Arteris received three awards at the annual American Business Awards, including gold for Most Innovative Tech Company of the Year [6]. Guidance - For Q2 2025, Arteris expects annual contract value plus royalties to be between $66.0 million and $70.0 million, with revenue projected between $16.1 million and $16.5 million [7]. - Full-year 2025 guidance for annual contract value plus royalties is set at $71.0 million to $79.0 million, with revenue expected between $65.0 million and $71.0 million [7].

Core Insights - Arteris, Inc. has joined the Intel Foundry Accelerator Ecosystem Alliance Program, enhancing its collaboration with Intel Foundry to support the design of electronics using advanced semiconductor process technologies [1][2][3] - The partnership aims to optimize performance, power, and area (PPA) for complex system-on-chip (SoC) and chiplet designs, leveraging Arteris' network-on-chip (NoC) IP and SoC integration automation technologies [2][3] - This collaboration is expected to drive advancements in interoperability and the chiplet ecosystem, facilitating better integration and performance for mutual customers [1][3] Company Overview - Arteris is recognized as a leading provider of system IP that accelerates SoC development, focusing on enhancing product performance while reducing power consumption and time to market [4] - The company's NoC interconnect IP and automation technologies are designed to deliver improved SoC economics, allowing customers to innovate and develop new products [4]