Arteris Inc Dossier
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SectorInformation Technology IndustrySemiconductors Beta (adjusted)1.63 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $23.64Price as of 30 Sep 2026 Data confidenceNot applicable Market Cap $1.2B Enterprise Value $1.1B Shares Outstanding 47.4M diluted Next Earnings Date3 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Arteris, Inc. is a leading provider of system IP (interconnect and SoC integration IP) that accelerates semiconductor development in the AI era. The company is experiencing strong top-line momentum, driven by the structural transition to chiplet-based architectures and heterogeneous integration. With record Q1 2026 revenue and a substantial expansion in Annual Contract Value (ACV) plus royalties, Arteris is well-positioned to capture high-margin growth. The strategic acquisition of Cycuity adds hardware security verification to its portfolio, addressing critical cybersecurity needs at the silicon level. While the company continues to operate at a net loss, its disciplined expense management and path toward non-GAAP operating profitability by the end of 2026 support a bullish outlook. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$38.00 Mean target$41.00 High · most bullish analyst$50.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $38.00 Integration challenges with Cycuity delay product rollouts, and macroeconomic headwinds in the automotive or industrial sectors slow down new semiconductor design starts. Continued operating losses strain liquidity, forcing dilutive capital raises. Base CaseCentral scenario $41.00 Matches the consensus meanArteris successfully executes its 2026 guidance, achieving full-year revenue of $91M to $95M (representing ~32% YoY growth at the midpoint) and reaching non-GAAP operating profitability by Q4 2026. Customer retention remains above 90%, and design starts continue to expand steadily. Bull CaseUpside scenario $50.00 Accelerated adoption of chiplet architectures and AI-enabled microcontrollers drives design starts significantly above expectations. The Cycuity acquisition integrates seamlessly, generating immediate high-margin cross-selling opportunities. Royalty revenues scale faster than projected, leading to GAAP profitability ahead of schedule. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |