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Ceva Inc (CEVA)
NASDAQ:CEVA
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.06Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong momentum across licensing, connectivity, and emerging AI/NPU opportunities with record quarterly revenue, record annual device shipments (2.1B), robust licensing deal flow and an estimated $125M lifetime royalty potential from 2025 deals. Profitability improved on a non‑GAAP basis and the balance sheet was strengthened with ~$63M net from a follow-on offering and ~$222M total liquidity. Offsetting these positives are continued smartphone and modem softness that pressured annual royalties (down 2%), notable declines in industrial and some Bluetooth shipments, meaningful FX-driven expense pressure (~$5M), and near-term seasonality (Q1 guidance below Q4). Overall, the positives around record revenue, AI/NPU traction, connectivity strength, and improving non‑GAAP profitability outweigh the operational and macro headwinds, supporting a constructive outlook into 2026.Company Guidance
Record Quarterly Revenue
Q4 2025 delivered the highest quarterly revenue in company history, up 7% year-over-year (excluding the divested Intrinsix business) and 10% sequentially.
Licensing Revenue Growth and Deal Activity
Licensing and related revenue increased 11% year-over-year to $17.5M in Q4 (56% of total revenue). CEVA signed 18 licensing agreements in the quarter (including three NPU deals and five OEM deals) and 54 licensing agreements for all of 2025 (including 10 OEMs).
Strength in AI and NPU Momentum
AI processor licensing represented a meaningful portion of 2025 licensing revenue. Company signed multiple NPU deals (including an NPU win with a top PC OEM) and estimates aggregate lifetime royalty potential of $125,000,000 from 2025 agreements; management expects some NPU-derived royalties to begin in 2027.
Connectivity Franchise and Win Diversity
Connectivity IP saw strong demand: Q4 included Wi‑Fi 7, Bluetooth HDT and three Bluetooth/Wi‑Fi combo wins, plus a software licensing deal (MotionEngine) with a leading TV platform. Nearly 30 new engagements for Bluetooth and Wi‑Fi were signed during 2025.
Record Annual and Quarterly Unit Shipments
CEVA-powered devices reached a record 2.1 billion units in 2025 (up 6% YoY). Q4 Wi‑Fi shipments were a quarterly record (86M, +30% YoY) and cellular IoT Q4 shipments hit a quarterly record (60M, +30% YoY). Annual Wi‑Fi shipments grew 48% YoY and cellular IoT shipments grew 42% YoY.
Best Royalty Quarter in Four Years and Royalty Strength
Q4 was the company's strongest royalty quarter in more than four years. For the year, Wi‑Fi royalties were up 70% YoY and cellular IoT royalties increased 20% YoY, while royalties overall showed sequential growth each quarter.
Profitability Improvement on Non-GAAP Basis
For 2025, non‑GAAP net income increased 20% year-over-year to $4.9M (86% YoY increase cited for Q4 non‑GAAP metrics) and non‑GAAP diluted EPS rose to $0.18 (up 17% YoY on annual basis; Q4 non‑GAAP EPS +71% YoY to $0.18). Non‑GAAP gross margin remained strong at ~88%.
Strong Balance Sheet and Cash Raise
Year-end cash, cash equivalents, marketable securities and bank deposits were approximately $222M. The company completed a 3.5M share follow-on offering in Q4, netting roughly $63M to strengthen the balance sheet.
Scale and Long-Term Franchise Indicators
Reached 20 billion cumulative CEVA-powered devices and reported that Smart Edge applications generated 86% of total revenue in 2025. Twelve customers licensed multiple CEVA technologies, indicating multi‑IP engagements and deeper customer integration.
2026 Outlook Favoring Growth
Management expects 2026 revenue growth of 8%–12% year-over-year, modest non‑GAAP expense growth (1%–3%) and sustained non‑GAAP gross margins (~88%), with momentum driven by AI adoption, integrated engagements, and continued connectivity leadership.
CEVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CEVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $22.67 | $20.45 | -9.79% |
Nov 10, 2025 | $26.16 | $26.01 | -0.57% |
Aug 11, 2025 | $21.72 | $21.33 | -1.80% |
May 07, 2025 | $26.48 | $21.14 | -20.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ceva Inc (CEVA) report earnings?
Ceva Inc (CEVA) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is Ceva Inc (CEVA) earnings time?
Ceva Inc (CEVA) earnings time is at May 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CEVA EPS forecast?
CEVA EPS forecast for the fiscal quarter 2026 (Q1) is 0.02.