CEVA, Inc.
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Range $38 – $55
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About the company
CEVA, Inc. is a global provider of intellectual property (IP) for advanced wireless connectivity and intelligent sensing solutions, serving semiconductor manufacturers and original equipment manufacturers (OEMs). The company specializes in developing and licensing a broad range of digital signal processors (DSPs), AI accelerators, wireless communication platforms, and complementary software.
- CEO
- Amir Panush
- IPO
- 2002
- Employees
- 400
- HQ
- Rockville, MD, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $802.63M
- P/E
- -71.49
- Fwd P/E
- 52.57
- PEG
- 1.07
- P/S
- 6.94
- P/B
- 2.37
- EV/EBITDA
- -798.92
- Div Yield
- 0.00%
- Gross Margin
- 87.37%
- Op Margin
- -8.29%
- Net Margin
- -9.48%
- ROE
- -3.42%
- ROIC
- -2.62%
Latest fiscal year · YoY change
- Revenue
- $109.60M+2.5%
- Gross Profit
- $95.44M+1.3%
- Op Income
- $-11,346,000
- Net Income
- $-10,638,000-21.1%
- EPS
- $-0.44-18.9%
- OCF Growth
- +0.0%
- FCF Growth
- +0.0%
- 52W High
- $51.60
- 52W Low
- $17.02
- 50D MA
- $39.55
- 200D MA
- $28.62
- Beta
- 2.01
- RSI (14)
- 38
- Avg Volume
- 879.93K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
CEVA posted a strong Q2 with 13% revenue growth, higher licensing activity, improving royalties, and raised full-year guidance on continued platform-driven demand.· August 10, 2026
- Revenue rose 13% year over year to $29 million, driven by licensing strength and a sequential rebound in royalties.
- Licensing and related revenue jumped 21% to $18.2 million, the strongest licensing quarter in three years.
- Royalty revenue was $10.8 million, up 17% sequentially, helped by wireless connectivity, automotive AI, and smartphone share gains.
- Management said customers are increasingly adopting broader platform solutions, which should increase deal size, stickiness, and future royalty potential.
- Full-year 2026 revenue outlook was raised to 13% to 15% growth, with non-GAAP operating income expected to rise about 70% and non-GAAP net income about 50%.
Second-quarter revenue increased 13% year over year and 7% sequentially to $29 million. Licensing and related revenue was $18.2 million, up 21% year over year and 63% of total revenue; royalty revenue was $10.8 million, versus $10.7 million a year ago, and up 17% sequentially. Gross margin was 87% on a GAAP basis and 88% on a non-GAAP basis. GAAP operating loss improved to $2.1 million from $4.5 million a year ago; non-GAAP operating income was $3.1 million versus $0.8 million, and non-GAAP EPS was $0.08 versus $0.07. For 2026, management raised full-year revenue growth guidance to 13% to 15% from 12%, kept expense guidance at about 8% annual growth, and now expects non-GAAP operating income to grow about 70% and non-GAAP net income about 50%. Third-quarter guidance calls for revenue of $30.5 million to $34.5 million, gross margin of about 87% GAAP and 88% non-GAAP, GAAP operating expenses of $28.2 million to $29.2 million, and net financial income of about $2 million.
Amir Panush framed the quarter as evidence that CEVA is benefiting from a structural shift toward edge AI and broader platform adoption. He emphasized that customers are increasingly choosing complete, production-proven solutions instead of individual IP blocks, which expands CEVA’s content per design and future royalty opportunity. His tone was confident and strategic, repeatedly pointing to AI, connectivity, and sensing as the core engines of long-term growth.
Yaniv Arieli highlighted operating leverage and a strong balance sheet. He said gross margin held at 87% GAAP and 88% non-GAAP, operating expenses were at or below guidance, and the company ended the quarter with about $221 million in cash, cash equivalents, marketable securities, and cash deposits. He also noted $5.8 million of cash from operations, $0.6 million of capex, and that the raised outlook reflects stronger licensing execution, better royalty trends, and disciplined cost management.
Analysts focused on whether CEVA is seeing a broader trend toward customers bringing wireless designs in-house or seeking turnkey solutions; management said the latter is a positive trend because complete offerings drive bigger deals, higher royalties, and stronger customer stickiness. Questions also centered on edge AI, smartphone share gains, and memory-supply constraints; management said the low-end smartphone market has shown recovery, some supply pressure remains, and the second half should still benefit from seasonality and share gains. They also said the NeuPro custom AI engagement should ramp like a normal IP program, with tape-out followed by production roughly one and a half to two years later.
The call showed multiple growth drivers working at once: a 3-year high in licensing revenue, improving royalties, stronger Wi-Fi and Cellular IoT shipments, and a major new AI platform win. Management believes broader platform engagements will make CEVA more embedded with customers and expand royalty economics over time.
Management acknowledged ongoing risks from memory shortages and broader supply constraints in mobile handsets, and said the second-half impact is hard to quantify. Royalty growth also depends on customer ramps and product timing, while some markets like Bluetooth showed a year-over-year shipment decline and industrial IoT units fell versus last year.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 88.6%
- Shares Outstanding
- 27.86M
- Float Shares
- 24.69M
of shares held by institutions
158 13F filers
Buy/sell ratio 0.43. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 2.42M | ▲ 209.24K |
| Vanguard Group Inc | 2.37M | ▼ 88.93K |
| State Street Corp | 1.67M | ▲ 430.42K |
| Senvest Management, LLC | 1.63M | ▼ 725.46K |
| Morgan Stanley | 1.45M | ▼ 394.66K |
| Vanguard Capital Management LLC | 1.20M | ▲ 62.51K |
| T. Rowe Price Investment Management, Inc. | 1.18M | ▲ 492.95K |
| Neuberger Berman Group LLC | 1.10M | ▲ 94.84K |
| Awm Investment Company, Inc. | 799.81K | ▼ 65.00K |
| Geode Capital Management, LLC | 723.09K | ▲ 81.06K |
| Deutsche Bank AG\ | 719.69K | ▲ 150.70K |
| Disciplined Growth Investors Inc /Mn | 662.80K | ▲ 212.32K |
Held by 216 ETFs
Biggest fund positions in CEVA by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 7, 26 | Toquet Gweltaz | other | 30,293 |
| Aug 7, 26 | Panush Amir | other | 60,587 |
| Aug 7, 26 | Arieli Yaniv | other | 30,293 |
| Jun 9, 26 | SILVER LOUIS | other | 13,000 |
| Jun 9, 26 | SILVER LOUIS | other | 7,736 |
| Jun 9, 26 | SILVER LOUIS | other | 13,000 |
| Jun 9, 26 | MCMANAMON PETER | other | 0 |
| Jun 9, 26 | MCMANAMON PETER | other | 14,000 |
| Jun 9, 26 | MCMANAMON PETER | other | 8,331 |
| Jun 9, 26 | MCMANAMON PETER | other | 14,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our CEVA coverage
Recent articles, reports, and earnings notes.
Want a deeper read on CEVA?
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Bears are Losing Control Over Ceva (CEVA), Here's Why It's a 'Buy' Now
zacks.com · Aug 20
Bull of the Day: Ceva (CEVA)
zacks.com · Aug 20
CEVA: Growth Is Picking Up, But The Shares Are Still Relatively Expensive
seekingalpha.com · Aug 12
Ceva (NASDAQ:CEVA) Stock Price Down 5.4% Following Analyst Downgrade
defenseworld.net · Aug 12
These Analysts Revise Their Forecasts On Ceva Following Q2 Results
benzinga.com · Aug 11
CEVA, Inc. (CEVA) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 10
Ceva Q2 Earnings Call Highlights
marketbeat.com · Aug 10
Ceva (CEVA) Surpasses Q2 Earnings and Revenue Estimates
zacks.com · Aug 10
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
