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Altair Engineering (ALTR) provides cutting-edge simulation software, high-performance computing (HPC), and AI-driven solutions that transform product design and operational efficiency across industries. This page serves as the definitive source for verified news and official announcements from Altair, offering stakeholders timely insights into the company’s strategic direction.
Access up-to-date press releases covering earnings reports, product innovations, strategic partnerships, and leadership updates. Investors and industry professionals can track developments in Altair’s core technologies, including advancements in simulation accuracy, cloud-based HPC scalability, and data analytics integration.
All content is curated to meet investor needs while maintaining technical relevance. Expect updates on regulatory filings, intellectual property milestones, and cross-sector applications in automotive, aerospace, and industrial manufacturing. Our neutral presentation ensures compliance with financial disclosure standards.
Bookmark this page for direct access to Altair’s verified announcements. Check regularly for insights into how the company’s engineering solutions address evolving market demands in digital transformation and sustainable design practices.
Altair (Nasdaq: ALTR) and JetZero have announced a strategic partnership to develop the world's first commercial blended wing airplane. The innovative aircraft design is expected to achieve up to 50% reduced fuel consumption and emissions compared to conventional airliners.
JetZero is utilizing Altair® FlightStream™, part of the HyperWorks® platform, to perform advanced computational fluid dynamics simulations. The technology enables faster design iterations and reduced computational costs. The blended wing design seamlessly integrates the aircraft's wings with its body, creating a wider frame that maximizes lift while minimizing drag.
As a member of the Altair Aerospace Startup Acceleration Program (ASAP), JetZero gains access to Altair's complete portfolio of simulation, data analytics, and AI tools. The company aims to achieve its first full-scale flight in 2027.
Altair (Nasdaq: ALTR) has announced a technical integration between the NVIDIA Omniverse Blueprint for Real Time Digital Twins and the Altair One® cloud innovation gateway. The integration leverages GPU acceleration, NVIDIA NIM microservices, and Omniverse technologies to enhance visualization and interaction with complex simulations in a shared environment.
The collaboration enables real-time simulation and collaboration in virtual environments, combining 3D design, AI, and ray tracing capabilities. Users can now access high-end rendering and streaming capabilities on the cloud, particularly beneficial for crash and drop test simulations.
Notable performance improvements include up to 1.6x improvement on NVIDIA DGX B200 for Altair's ultraFluidX®, nanoFluidX®, and EDEM solutions. For EDEM specifically, this represents a 40x speed increase compared to 32 CPUs. Additionally, Altair OptiStruct® now features the cuDSS GPU-accelerated Direct Sparse Solver library for enhanced CPU and GPU-accelerated performance.
Altair (Nasdaq: ALTR) will showcase its advanced AI and simulation technologies at Hannover Messe 2025 from March 31 to April 4 in Hanover, Germany. The company will demonstrate AI-powered engineering solutions, focusing on smart manufacturing, digital twins, and AI agents.
The showcase includes a successful implementation at CNH Industrial, where Altair's AI-augmented simulation tools created a digital twin that accelerated product development. Key technologies to be presented include:
- Smart Manufacturing solutions for optimizing operations
- AI-Powered Engineering for accelerated design
- Digital Twins integrating simulation and AI
- Knowledge Graphs for enterprise analytics
- AI Fabric for operational transformation
- AI Agents for autonomous decision-making
Altair experts will deliver four technical presentations covering topics from smart factories to engineering efficiency and materials transition.
Altair (Nasdaq: ALTR), a global leader in computational intelligence, has been selected to join the Piedmont Aerospace Cluster. Altair will contribute to several of the Cluster's innovative projects and strategic initiatives, providing indispensable tools and expertise for digital engineering and the application of AI in the development, production, and maintenance of aircraft and subsystems.
Altair's senior vice president of aerospace and defense, Pietro Cervellera, highlighted the company's long-standing presence in Piedmont and Turin, emphasizing their established relationships with leading aerospace companies.
Fulvia Quagliotti, president of the Piedmont Aerospace Cluster, welcomed Altair, noting the importance of simulation, data analytics, and AI for aerospace organizations.
The Cluster, established in 2005, aims to enhance the competitiveness of Piedmont's aerospace industry by coordinating public and private investment in technological innovation. It is a founding member of the National Aerospace Technology Cluster (CTNA), which federates Italy's leading aerospace hubs and includes public authorities, universities, research centers, and companies.
Altair (ALTR) reported its Q4 and full-year 2024 financial results, showing strong revenue growth and improved profitability. Q4 software revenue increased 15.0% to $179.4 million, while total revenue grew 12.3% to $192.6 million. However, Q4 net income decreased to $1.0 million from $19.7 million in Q4 2023.
For full-year 2024, software revenue rose 11.3% to $611.9 million, and total revenue increased 8.7% to $665.8 million. The company achieved net income of $14.2 million, compared to a net loss of $8.9 million in 2023. Free cash flow improved to $140.0 million from $117.1 million.
Notably, Altair's stockholders approved the pending acquisition by Siemens Industry Software, expected to close in first half 2025. The company has suspended quarterly financial results conference calls and guidance due to this transaction.
Altair (Nasdaq: ALTR) has announced the release of HyperWorks® 2025, an advanced design and simulation platform aimed at achieving a zero-prototype world. The platform combines artificial intelligence (AI), high-performance computing, and multiphysics simulation with cloud-based scalability.
Key features include AI-powered engineering with physics prediction models, cloud-based SaaS solutions like Altair® DSim™, and enhanced automation capabilities with Python APIs. The platform offers digital twin technologies, improved solver efficiency through the 'One Model, One Solver' approach, and advanced material simulation capabilities.
Notable improvements include enhanced multiphysics simulation for electronics, CAE design tools with AI assistance through Altair® CoPilot™ Beta, and expanded particle simulation features with new physics models for various industries including agriculture, batteries, and pharmaceuticals.
Altair (ALTR) and L&T Technology Services (LTTS) have announced the launch of a 5G-6G Wireless Center of Excellence (CoE). The initiative combines Altair's design and simulation tools with LTTS's domain expertise to address challenges in telecommunications, automotive, manufacturing, and healthcare sectors.
The CoE will focus on key initiatives including 5G-6G network planning, RF design and development, wireless connectivity enhancements for smart factories and connected vehicles, digital twins of 5G and 6G networks, and network failure predictions. These solutions will be powered by Altair® HyperWorks® and Altair® RapidMiner® platforms.
The center aims to tackle industry challenges such as connectivity breakdowns, high operational costs, and slower innovation cycles. It will provide hands-on training, workshops, and collaborative spaces to help industries adopt wireless technologies. LTTS was recognized as Partner of the Year at the 2025 Altair Channel Partner Awards for their work in simulation and digital twin technology.
Altair (ALTR) has announced its flagship annual event, Future.Industry 2025, scheduled for March 5-6, 2025, as a virtual conference. The event will feature speakers from leading organizations including NVIDIA, Microsoft, AMD, and others, focusing on simulation, high-performance computing, AI, and data analytics.
The conference will be structured with unified main sessions on Day 1 and early Day 2, followed by four specialized tracks covering engineering AI integration, enterprise AI adoption, HPC solutions, and educational innovation. The event will be accessible across Americas, EMEA, and APAC time zones, offering live translations in eight languages.
Notable speakers include representatives from Google, BBC News, Forrester, and other industry leaders. The event aims to provide insights for audiences of all expertise levels, exploring technological transformations across various sectors.
Altair (ALTR) has welcomed Meridian Flight Systems to its Aerospace Startup Acceleration Program (ASAP). Through this collaboration, Meridian will leverage Altair's advanced simulation, data analytics, and HPC software to enhance the development of their Corra unmanned aerial vehicle (UAV) and Hybrid Electric Range-Extending Microturbine Energy System (HERMES).
The partnership includes comprehensive access to Altair's simulation and optimization software for aerodynamics, structural integrity, and thermal systems, along with dedicated technical support. Both companies will collaborate on research initiatives, co-authoring papers and presenting at industry conferences to share insights from the projects.
Altair (ALTR) has announced significant upgrades to its Altair® HPCWorks® high-performance computing and cloud platform for 2025. The enhanced platform now operates within Altair Units licensing system, offering flexible and scalable licensing options. Key improvements include expanded cloud scaling capabilities for both Altair and third-party workload managers, advanced AI-enabled job scheduling, and enhanced GPU support.
The platform introduces integrated cloud automation for efficient resource management across multi-cloud and multi-cluster installations. Notable features include AI integration with the Altair® RapidMiner® platform for smarter scheduling, comprehensive monitoring and reporting tools, enhanced security measures, and improved support for distributed workflows. The updates aim to optimize computing resources and streamline operations for enterprises using HPC and cloud services.
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