This paper presents ARCS (Autoregressive Circuit Synthesis), a system for amortized analog circuit generation that produces complete, SPICE-simulatable designs (topology and component values) in milliseconds rather than the minutes required by search-based methods. A hybrid pipeline combining two learned generators (a graph VAE and a flow-matching model) with SPICE-based ranking achieves 99.9% simulation validity (reward 6.43/8.0) across 32 topologies using only 8 SPICE evaluations, 40x fewer than genetic algorithms. For single-model inference, a topology-aware Graph Transformer with Best-of-3 candidate selection reaches 85% simulation validity in 97ms, over 600x faster than random search. The key technical contribution adapts Group Relative Policy Optimization (GRPO) to multi-topology circuit reinforcement learning, resolving a critical failure mode of REINFORCE (cross-topology reward distribution mismatch) through per-topology advantage normalization. This improves simulation validity by +9.6 percentage points over REINFORCE in only 500 RL steps (10x fewer). Grammar-constrained decoding additionally guarantees 100% structural validity by construction via topology-aware token masking.

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