The strong Q1 beat and raised guidance are clear positives, but the CFO retirement and cash burn from the Cycuity acquisition warrant monitoring. Watch for the CFO replacement announcement and Q2 2026 results to confirm the growth trajectory. The stock may gap up on the beat and raise, but the leadership transition could cap upside in the near term.
Price Chart
Executive Summary
Arteris reported Q1 2026 revenue of $22.9M (+39% YoY), beating consensus of $21.0M, and a GAAP net loss of $0.17/share vs consensus -$0.19. The company raised its full-year 2026 revenue guidance to $91M-$95M (from $89M-$93M) and ACV+royalties to $102M-$106M. However, CFO Nick Hawkins announced retirement effective August 31, 2026, due to a family illness, introducing leadership transition risk.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $22.9M, up 39% YoY vs consensus $21.0M
- GAAP net loss per share of $0.17 vs consensus estimate of $0.19 (beat by 10.5%)
- Record ACV+royalties of $92.8M, up 39% YoY
- RPO of $118.3M, up 33% YoY
- Full-year 2026 revenue guidance raised to $91M-$95M from prior $89M-$93M
- Full-year 2026 ACV+royalties guidance raised to $102M-$106M from $100M-$104M
- CFO Nick Hawkins retiring effective August 31, 2026 due to family illness; search initiated
- Operating cash flow was negative $7.1M in Q1 vs positive $2.9M in Q1 2025, partly due to $11.2M cash paid for Cycuity acquisition
- Cash and equivalents dropped to $11.7M from $33.9M at year-end 2025
Financial Impact
Revenue beat consensus by $1.9M (9%); EPS beat consensus by $0.02 (10.5%); FY guidance raised by $2M at midpoint
Risk Factors
- CFO retirement creates leadership uncertainty during a growth phase
- Cash burn: cash dropped from $33.9M to $11.7M in one quarter due to acquisition and negative operating cash flow
- GAAP operating loss widened to $9.3M from $7.7M YoY
- Gross margin compressed to 86% from 91% YoY due to acquisition-related costs and product mix
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-034102 |
| Document: aip-20260512.htm | 0001628280-26-034102 |
| Document: 0001628280-26-034102-index-headers.html | 0001628280-26-034102 |
| Document: 0001628280-26-034102-index.html | 0001628280-26-034102 |
| Document: 0001628280-26-034102.txt | 0001628280-26-034102 |
| 8-K Data (Synthetic) | 0001628280-26-034102 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 144 | $24.13 | awaiting T+60 | — | $19.44 (−19.44%) |
Oct 5, 2026 21d ago | Insider Cluster | $24.13 | awaiting T+60 | — | $19.44 (+19.44%) |
Sep 3, 2026 7w ago | Insider Cluster | $21.37 | awaiting T+60 | — | $19.44 (+9.03%) |
Sep 3, 2026 7w ago | Insider Cluster | $21.37 | awaiting T+60 | — | $19.44 (+9.03%) |
Aug 6, 2026 11w ago | Institutional Cluster | $31.62 | awaiting T+60 | — | $19.44 (−38.52%) |
Aug 5, 2026 11w ago | Insider Cluster | $31.62 | awaiting T+60 | — | $19.44 (+38.52%) |
Jul 21, 2026 13w ago | Press Release | $34.22 $19.67 | ▼ −42.52% | ▼ −45.37% | $19.44 (−43.19%) |
Jul 8, 2026 15w ago | Insider Cluster | $36.11 $24.66 | ▲ +31.71% | ▲ +34.09% | $19.44 (+46.16%) |
Jul 6, 2026 16w ago | Insider Cluster | $31.32 $23.64 | ▲ +24.52% | ▲ +26.52% | $19.44 (+37.93%) |
Jul 6, 2026 16w ago | Insider Cluster | $31.32 $23.64 | ▲ +24.52% | ▲ +26.52% | $19.44 (+37.93%) |
US Market Status
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