Arteris Inc (NASDAQ:AIP) saw its stock jump in aftermarket trading after the company released first-quarter financial results that exceeded analyst expectations. Shares climbed as much as 10.9% to an indicated record intraday level of $35.70 in the session following the earnings release.
For the quarter ended March 31, Arteris reported a loss per share of $0.03, an outcome that was better than the consensus expectation of a $0.07 loss per share. Revenue for the period rose to $22.9 million, topping estimates of $21.0 million.
Arteris operates in the niche of network-on-chip and system-on-chip technology and provides software tools that identify security vulnerabilities within chip designs. The company has been cited as benefiting from elevated global demand for semiconductor components driven by the artificial intelligence boom. According to the company commentary, complex AI chips incorporate large numbers of processing and memory units on a single die, increasing the need to deploy Arteris technology at scale.
AI is identified by the company as its primary revenue driver. Reflecting confidence in its business outlook, Arteris raised its full-year revenue guidance range to $91 million to $95 million, up from a previous range of $89 million to $93 million.
The stock performance has been strong year-to-date, with Arteris shares up 108% so far in 2026. The aftermarket price action to the indicated record high followed the better-than-expected quarterly results and the upward revision to annual revenue expectations.
Financial snapshot
- Reported EPS (Q1): loss of $0.03 per share (better than $0.07 expected)
- Revenue (Q1): $22.9 million (est. $21.0 million)
- Updated full-year revenue guidance: $91 million to $95 million (previously $89 million to $93 million)
- Stock move in aftermarket: up as much as 10.9% to an indicated $35.70
- Year-to-date share gain: +108% in 2026
The companys positioning in tools for chip design and security, along with its network-on-chip and system-on-chip offerings, is highlighted as central to its growth amid rising AI-related chip complexity. Market reaction in aftermarket trading reflected investor attention on both the beat on results and the raised guidance.