Arteris (AIP) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached a record $25.774M, up 48% YoY; ACV plus royalties was $103.8M, up 39%, and RPO reached $135.5M, up 29%.

• Customer design activity and multi-product adoption continued across AI infrastructure, edge computing, automotive and physical AI; confirmed design starts surpassed 1,000 since inception.

Financial highlights

• Q3 non-GAAP gross profit was $22.8M at an 89% margin; GAAP gross profit was $22.3M at an 87% margin.

• Non-GAAP operating loss was $1.233M, improving from $3.541M YoY; GAAP operating loss was $11.316M versus $8.714M.

• GAAP net loss was $11.154M, or $0.23 per share; non-GAAP net loss was $1.071M, or $0.02 per share.

• Q3 free cash flow was negative $2.1M, versus positive $2.5M in Q3 2025 and $8.6M in Q2 2026.

• Nine-month revenue was $72.844M versus $50.442M; nine-month GAAP net loss was $33.178M versus $26.242M.

Outlook and guidance

• Q4 2026 guidance: ACV plus royalties of $103M–$107M, revenue of $25.7M–$26.7M, and non-GAAP operating result from a $0.9M loss to $1.1M income.

• FY 2026 ACV plus royalties guidance rose $1M to $103M–$107M; the $105M midpoint implies 26% YoY growth.

• FY 2026 revenue guidance rose $2.5M to $98.5M–$99.5M; the $99M midpoint implies 40% YoY growth.

• FY 2026 non-GAAP operating loss guidance is $7.2M–$9.2M; free cash flow guidance remains $5M–$9M, with quarterly free cash flow guidance discontinued.