Ceva reports Q3 adjusted EPS 11c, consensus 10c

Reports Q3 revenue $28.4M, consensus $28.04M. Non-GAAP gross margin for the third quarter of 2025 was 89%, as compared to 87% for the same period in 2024. Amir Panush, Chief Executive Officer of Ceva (CEVA), commented: “We exceeded expectations on both revenue and non-GAAP diluted income per share this quarter, driven by strong licensing execution and healthy royalty growth. In licensing, we secured several strategic agreements that reinforce our leadership in wireless connectivity and accelerate our expansion in AI. The headline win was a portfolio license for our full NeuPro NPU family with Microchip, one of the world’s leading microcontroller and connectivity providers. We also signed additional AI DSP agreements and secured connectivity design wins for Wi-Fi 7 and Bluetooth High Data Throughput IP. With AI processor licensing now contributing meaningfully and wireless IoT shipments at record highs, Ceva is well positioned for sustainable growth as a foundational technology provider of intelligent, connected devices – leading the way in enabling Physical AI at the edge.”