Arteris

Q2 FY2026 EarningsQ2 FY26 revenue reached $24.1M, beating the $23.5M consensus by 2.77%, driven by the Cycuity acquisition and new interconnect license wins. Gross margin of 85.06% slightly missed the 87.65% expectation due to the integration of lower-margin professional service subcontractors. GAAP EPS of -$0.30 significantly missed the consensus of -$0.18, largely due to high acquisition-related costs and non-cash equity method losses. However, Annual Contract Value (ACV) grew 42% YoY to $90.9M, indicating robust future demand for AI-driven SoC designs.