(AIP) Arteris - Overview

Sector: Technology | Industry: Semiconductors | Exchange: NASDAQ (USA) | Market Cap: 751m USD | Total Return: 175.8% in 12m

Stock Network-on-Chip, Security Software, Design Automation
Total Rating 74
Safety 35
Buy Signal 0.52
Semiconductors -6.5
Semiconductors -4.1
Market Cap: 751m
Avg Trading Vol: 6.86M USD
ATR: 7.97%
Peers RS (IBD): 88.0
Risk 5d forecast
Volatility79.4%
Rel. Tail Risk-12.9%
Reward TTM
Sharpe Ratio1.35
Alpha90.73
Character TTM
Beta2.611
Beta Downside2.506
Drawdowns 3y
Max DD54.48%
CAGR/Max DD0.99
EPS (Earnings per Share) EPS (Earnings per Share) of AIP over the last years for every Quarter: "2021-03": null, "2021-06": -0.165, "2021-09": -0.21, "2021-12": -0.12, "2022-03": -0.14, "2022-06": -0.07, "2022-09": -0.13, "2022-12": -0.12, "2023-03": -0.17, "2023-06": -0.13, "2023-09": -0.12, "2023-12": -0.18, "2024-03": -0.15, "2024-06": -0.11, "2024-09": -0.08, "2024-12": -0.1, "2025-03": -0.09, "2025-06": -0.11, "2025-09": -0.09, "2025-12": -0.05, "2026-03": 0,
EPS CAGR: 12.94%
EPS Trend: 57.7%
Last SUE: 3.46
Qual. Beats: 2
Revenue Revenue of AIP over the last years for every Quarter: 2021-03: 6.658, 2021-06: 10.813, 2021-09: 8.959, 2021-12: 11.434, 2022-03: 11.755, 2022-06: 14.822, 2022-09: 12.598, 2022-12: 11.203, 2023-03: 13.154, 2023-06: 14.734, 2023-09: 13.274, 2023-12: 12.504, 2024-03: 12.947, 2024-06: 14.575, 2024-09: 14.713, 2024-12: 15.489, 2025-03: 16.532, 2025-06: 16.502, 2025-09: 17.408, 2025-12: 20.137, 2026-03: null,
Rev. CAGR: 15.44%
Rev. Trend: 81.4%
Last SUE: 4.00
Qual. Beats: 2
Risks
Technicals: volatile
Description: AIP Arteris

Arteris, Inc. (NASDAQ: AIP) supplies semiconductor system-on-chip (SoC) intellectual property that enables on-chip communication and security across a broad geographic footprint, serving automotive, communications, enterprise computing, consumer electronics, and industrial customers.

In its latest fiscal quarter (Q4 2023), Arteris posted revenue of $61.2 million, an 18% year-over-year increase, and held $120 million in cash and short-term investments, underscoring a strong balance sheet. The company’s NoC IP portfolio-highlighted by FlexGen, FlexNoC, FlexWay, and the cache-coherent Ncore-has benefited from the rapid adoption of chiplet-based designs, a segment projected to grow at a 30% CAGR through 2027. Additionally, a new multi-year licensing agreement with a leading automotive semiconductor supplier expands Arteris’s exposure to the EV-driven automotive SoC market, which analysts expect to outpace overall semiconductor growth.

For a deeper dive into the valuation and risk profile, you might find it useful to explore ValueRay’s analysis.

Headlines to Watch Out For
  • Semiconductor industry growth drives IP licensing revenue
  • Automotive sector demand boosts Network-on-Chip adoption
  • Global economic slowdown impacts chip design spending
  • Competition from in-house IP development limits market share
Piotroski VR‑10 (Strict) 5.0
Net Income: -34.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA 5.63 > 1.0
NWC/Revenue: 13.02% < 20% (prev 16.98%; Δ -3.96% < -1%)
CFO/TA 0.06 > 3% & CFO 6.73m > Net Income -34.7m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.13 > 1.5 & < 3
Outstanding Shares: last quarter (43.7m) vs 12m ago 8.85% < -2%
Gross Margin: 90.23% > 18% (prev 0.90%; Δ 8.93k% > 0.5%)
Asset Turnover: 63.82% > 50% (prev 54.39%; Δ 9.44% > 0%)
Interest Coverage Ratio: -163.1 > 6 (EBITDA TTM -28.1m / Interest Expense TTM 193k)
Altman Z'' -7.64
A: 0.08 (Total Current Assets 82.4m - Total Current Liabilities 73.2m) / Total Assets 115.0m
B: -1.49 (Retained Earnings -171.6m / Total Assets 115.0m)
C: -0.28 (EBIT TTM -31.5m / Avg Total Assets 110.6m)
D: -1.32 (Book Value of Equity -171.4m / Total Liabilities 129.7m)
Altman-Z'' Score: -7.64 = D
Beneish M -3.57
DSRI: 0.76 (Receivables 19.2m/20.8m, Revenue 70.6m/57.7m)
GMI: 0.99 (GM 90.23% / 89.67%)
AQI: 0.79 (AQ_t 0.22 / AQ_t-1 0.28)
SGI: 1.22 (Revenue 70.6m / 57.7m)
TATA: -0.36 (NI -34.7m - CFO 6.73m) / TA 115.0m)
Beneish M-Score: -3.57 (Cap -4..+1) = AAA
What is the price of AIP shares? As of April 04, 2026, the stock is trading at USD 16.44 with a total of 536,333 shares traded.
Over the past week, the price has changed by +10.24%, over one month by +12.48%, over three months by +12.14% and over the past year by +175.76%.
Is AIP a buy, sell or hold? Arteris has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy AIP.
  • StrongBuy: 3
  • Buy: 0
  • Hold: 1
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the AIP price?
Wallstreet Target Price 20.3 23.2%
Analysts Target Price 20.3 23.2%
AIP Fundamental Data Overview as of 31 March 2026
P/S = 10.6358
P/B = 56.0391
Revenue TTM = 70.6m USD
EBIT TTM = -31.5m USD
EBITDA TTM = -28.1m USD
Long Term Debt = 452k USD (from longTermDebt, last quarter)
Short Term Debt = 2.40m USD (from shortTermDebt, last quarter)
Debt = 9.08m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -24.8m USD (from netDebt column, last quarter)
Enterprise Value = 705.1m USD (750.7m + Debt 9.08m - CCE 54.6m)
Interest Coverage Ratio = -163.1 (Ebit TTM -31.5m / Interest Expense TTM 193k)
EV/FCF = 131.9x (Enterprise Value 705.1m / FCF TTM 5.34m)
FCF Yield = 0.76% (FCF TTM 5.34m / Enterprise Value 705.1m)
FCF Margin = 7.57% (FCF TTM 5.34m / Revenue TTM 70.6m)
Net Margin = -49.23% (Net Income TTM -34.7m / Revenue TTM 70.6m)
Gross Margin = 90.23% ((Revenue TTM 70.6m - Cost of Revenue TTM 6.89m) / Revenue TTM)
Gross Margin QoQ = 90.76% (prev 89.86%)
Tobins Q-Ratio = 6.13 (Enterprise Value 705.1m / Total Assets 115.0m)
Interest Expense / Debt = 0.59% (Interest Expense 54.0k / Debt 9.08m)
Taxrate = 21.0% (US default 21%)
NOPAT = -24.9m (EBIT -31.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.13 (Total Current Assets 82.4m / Total Current Liabilities 73.2m)
 Debt / Equity = -0.62 (negative equity) (Debt 9.08m / totalStockholderEquity, last quarter -14.6m)
 Debt / EBITDA = 0.88 (negative EBITDA) (Net Debt -24.8m / EBITDA -28.1m)
 Debt / FCF = -4.64 (Net Debt -24.8m / FCF TTM 5.34m)
Total Stockholder Equity = -9.61m (last 4 quarters mean from totalStockholderEquity)
RoA = -31.42% (Net Income -34.7m / Total Assets 115.0m)
 RoE = 361.6% (negative equity) (Net Income TTM -34.7m / Total Stockholder Equity -9.61m)
 RoCE = 343.8% (negative capital employed) (EBIT -31.5m / Capital Employed (Equity -9.61m + L.T.Debt 452k))
 RoIC = 328.3% (negative operating profit) (NOPAT -24.9m / Invested Capital -7.58m)
 WACC = 14.99% (E(750.7m)/V(759.7m) * Re(15.17%) + D(9.08m)/V(759.7m) * Rd(0.59%) * (1-Tc(0.21)))
Discount Rate = 15.17% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 10.43%
[DCF] Terminal Value 46.03% ; FCFF base≈5.34m ; Y1≈3.51m ; Y5≈1.60m
[DCF] Fair Price = 0.87 (EV 14.9m - Net Debt -24.8m = Equity 39.7m / Shares 45.5m; r=14.99% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 57.67 | EPS CAGR: 12.94% | SUE: 3.46 | # QB: 2
Revenue Correlation: 81.44 | Revenue CAGR: 15.44% | SUE: 4.0 | # QB: 2
EPS next Quarter (2026-06-30): EPS=-0.06 | Chg7d=-0.007 | Chg30d=-0.007 | Revisions Net=-1 | Analysts=4
EPS current Year (2026-12-31): EPS=-0.17 | Chg7d=-0.027 | Chg30d=-0.027 | Revisions Net=-1 | Growth EPS=+50.0% | Growth Revenue=+29.0%
EPS next Year (2027-12-31): EPS=0.10 | Chg7d=-0.040 | Chg30d=-0.020 | Revisions Net=+1 | Growth EPS=+162.6% | Growth Revenue=+19.5%
[Analyst] Revisions Ratio: -0.33 (1 Up / 2 Down within 30d for Next Quarter)
External Resources
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