Management ChangeMay 12, 2026, 04:14 PM
Arteris CFO Nick Hawkins to Retire August 31; Q1 Revenue $22.9M
AI Summary
Arteris, Inc. announced that Chief Financial Officer Nick Hawkins will retire effective August 31, 2026, due to a family illness, with no disagreements with the company. The Board has initiated a search for a new CFO. Concurrently, Arteris reported strong first-quarter 2026 financial results, with revenue increasing 39% year-over-year to $22.9 million. The company achieved record Annual Contract Value plus royalties of $92.8 million and a Remaining Performance Obligation of $118.3 million. Arteris also provided estimated second-quarter and updated full-year 2026 guidance.
Key Highlights
- Chief Financial Officer Nick Hawkins will retire effective August 31, 2026.
- Q1 2026 Revenue: $22.9 million, a 39% increase year-over-year.
- Q1 2026 Non-GAAP operating loss: $2.5 million, an improvement from $3.2 million in Q1 2025.
- Q1 2026 Net loss: $8.0 million, or $0.17 per share.
- Annual Contract Value (ACV) plus royalties: $92.8 million, up 39% year-over-year.
- Remaining Performance Obligation (RPO): $118.3 million, up 33% year-over-year.
- Estimated Q2 2026 Revenue guidance: $23.0 million to $24.0 million.
- Updated Full Year 2026 Revenue guidance: $91.0 million to $95.0 million.