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Licenses network-on-chip semiconductor IP that connects processor cores and components inside complex chip designs.
Licenses network-on-chip semiconductor IP that connects processor cores and components inside complex chip designs.
Charges a licence fee when a chip designer adopts its interconnect IP, then collects royalties on each chip shipped, so revenue builds from design wins that take years to turn into volume production. Automotive and consumer chips are major users.
Moat: narrow (IP / patents, switching costs). Interconnect IP is deeply embedded in customer chip designs, making it costly to switch mid-design.
Headquarters: Campbell, California, US · Founded: 2004 · Employees: 299
Size Arteris (AIP) is a United States Information Technology company (Semiconductors) with a market value of $875M, the 2332nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $17.80 on 6 Nov 2026.
Performance Over six months the shares fell 44.1%, against -13.8% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 33.8% over the last twelve months (peer median -2.8%); the operating margin is -44.4% (peer median -1.5%).
Valuation It trades at 9.0× enterprise value to sales against a peer median of 4.5× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 55% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is +38 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Backlog Backlog (remaining performance obligations) was $131M at 30 Sep 2026, up 30% on a year earlier — 1.4 years of trailing revenue. Backlog detail →
Short interest Short interest is 5.7% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $84.6M | $70.6M | $57.7M | $53.7M | $50.4M |
| Revenue growth | — | +22% | +8% | +7% | — |
| Gross profit | $71.6M | $61.2M | $49.2M | $46.3M | $44.5M |
| EBITDA | -$33.0M | -$29.8M | -$28.2M | -$32.1M | -$26.8M |
| Net income | -$39.5M | -$34.7M | -$33.6M | -$36.9M | -$27.4M |
| Free cash flow | $6.77M | $5.34M | -$1.04M | -$17.2M | -$7.82M |
| Capital expenditure | $1.74M | $1.39M | $324,000 | $1.50M | $1.05M |
| Total debt | $8.69M | $5.97M | $5.99M | $7.75M | $3.62M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Arteris AIP | $875M | -44% | +34% | -44% | 9.0× | 55.4% |
| Arm ARM | $204B | -18% | +25% | 17% | 38.9× | n/a |
| Synopsys SNPS | $86.3B | -13% | +46% | 12% | 9.9× | 39.2% |
| Cadence Design Systems CDNS | $87.8B | -12% | +18% | 30% | 14.5× | 29.9% |
| CEVA CEVA | $763M | -27% | +9% | -10% | 4.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AIP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.1% | -17.1% | 10th lowest of 21 |
| 6-month return | -44.1% | -13.8% | 2nd lowest of 21 |
| Distance from 52-week high | -64.6% | -41.7% | lowest of 21 |
| Revenue growth (TTM) | +33.8% | -2.8% | 6th highest of 21 |
| Operating margin | -44.4% | -1.5% | 3rd lowest of 21 |
| EV / Sales | 9.0× | 4.5× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 55.4% | 11.0% | most demanding of 10 |
| Growth delivered (Del g) | +17.3% | +4.7% | 3rd highest of 10 |
| Hurdle (Req g minus delivered) | +38.1 pp | +1.3 pp | 3rd most demanding of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Arteris AIP | United States | $875M | -44% | +34% | -44% | 9.0× | 55.4% | +17.3% |
| VIA Technologies 2388.TW | Taiwan | $874M | -35% | -3% | -12% | 2.5× | 17.9% | +8.0% |
| United Renewable Energy 3576.TW | Taiwan | $876M | +15% | -43% | -62% | 12.2× | n/a | n/a |
| Netac Technology 300042.SZ | China | $872M | -44% | +103% | 10% | 2.7× | n/a | n/a |
| Episil-Precision 3016.TW | Taiwan | $865M | -10% | +30% | 14% | 5.8× | 40.5% | -0.7% |
| Shenzhen Baoming Technology 002992.SZ | China | $887M | -38% | -20% | -1% | 5.8× | n/a | n/a |
| Taiwan Speciality Chemicals 4772.TWO | Taiwan | $862M | -38% | +164% | 40% | 7.8× | 11.0% | +36.7% |
| Sitronix Technology 8016.TW | Taiwan | $894M | +5% | +18% | 13% | 1.0× | -9.1% | +6.6% |
| Zhejiang Chenfeng Science and Technology 603685.SS | China | $896M | -28% | -14% | 4% | 6.9× | n/a | n/a |
| Parade Technologies 4966.TWO | Taiwan | $915M | -31% | -3% | 14% | 1.9× | 3.8% | +1.6% |
| Smarter Microelectronics (Guangzhou) 688512.SS | China | $835M | -11% | +43% | -30% | 5.0× | n/a | n/a |
| Etron Technology 5351.TWO | Taiwan | $835M | +13% | +246% | 21% | 2.6× | 3.3% | +2.6% |
| General Interface Solution (GIS) 6456.TW | Taiwan | $824M | 0% | -19% | -3% | 0.3× | n/a | n/a |
| Ambiq Micro AMBQ | United States | $933M | -13% | +32% | -43% | 5.8× | n/a | n/a |
| Hangzhou Star Shuaier Electric Appliance 002860.SZ | China | $810M | +16% | -14% | 7% | 2.5× | 19.8% | +18.4% |
| Dioo Microcircuits Co., Ltd. Jiangsu 688381.SS | China | $948M | -15% | -18% | -46% | 11.1× | n/a | n/a |
| Everlight Electronics 2393.TW | Taiwan | $807M | -17% | -3% | 10% | 0.8× | -11.7% | -1.9% |
| Wuxi ETEK Microelectronics 688601.SS | China | $799M | -25% | +15% | -5% | 5.7× | n/a | n/a |
| Henan Ancai Hi-Tech 600207.SS | China | $797M | -13% | -41% | -39% | 4.0× | n/a | n/a |
| Jiangsu Zongyi 600770.SS | China | $961M | -35% | +64% | -4% | 9.7× | 43.6% | +4.7% |
| Foshan Electrical and Lighting 000541.SZ | China | $967M | -8% | -3% | -2% | 1.1× | n/a | n/a |
Arteris reported $131M of remaining performance obligations at 30 Sep 2026, up 30% from a year earlier and down 0% from the previous quarter. That is 1.4 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.