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About

CEVA, Inc. provides silicon and software intellectual property (IP) solutions to semiconductor and original equipment manufacturer companies in the United States, Europe, the Middle East, the Asia Pacific, and internationally.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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⭐ Superinvestors Holding CEVA

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	607.4K	$11.3M	0.01%	Mar 2026
Jim Simons Renaissance Technologies LLC	85.5K	$1.6M	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

📊 MIXED CEVA Q1 2026 licensing revenue $17.8M, total $27M, non-GAAP EPS $0.04

Revenue & Profitability

Q1 2026 total revenue increased 11% year-over-year to $27.0 million. Licensing and related revenue rose 18% to $17.8 million, the strongest licensing quarter in three years. Royalty revenue was flat at $9.2 million. GAAP net loss was $4.5 million ($0.16 loss per share), while non-GAAP net income was $1.1 million ($0.04 diluted EPS). Non-GAAP operating income was $0.5 million.

Outlook

Management upgraded the full-year 2026 revenue growth outlook to the top end of the 8%–12% range over 2025, citing strong licensing execution and growing royalty fundamentals. They expect a typical second-half seasonal ramp, with improvement in mobile royalties as inventory normalizes and high-end smartphone shipments increase. Key headwinds include memory pricing constraints and FX (euro and shekel strength against USD).

Growth Drivers

Key growth drivers include record Wi-Fi shipments (91 million units, up 158% YoY), non-mobile royalty growth of 8%, and AI licensing representing over 20% of licensing revenue. Automotive AI is ramping with the Renesas R-Car V4H in the 2026 Toyota RAV4. New integrated platform wins (Bluetooth HDT, NTN satellite, UWB) and expansion with existing customers are expected to drive longer-term royalty growth.

Balance Sheet & CapEx

In Q1 2026, purchase of fixed assets was $2.3 million, including approximately $1 million for leasehold improvements. The company maintains disciplined capital allocation with a selective approach to strategic M&A that can accelerate growth. No specific CapEx guidance for the full year was provided.

Margins

Q1 2026 GAAP gross margin was 86%, non-GAAP gross margin 87%. For Q2 2026, the company guides GAAP gross margin of 87% and non-GAAP of 88%. Non-GAAP operating margin was 2% in Q1. Management expects non-GAAP operating margins and net income to increase 40%–50% year-over-year, driven by revenue growth and cost discipline.

Key Risks

Management flagged memory pricing and availability constraints impacting lower-tier mobile segments, as well as inventory challenges that led to soft mobile royalties in Q1. Foreign exchange headwinds from the strengthening euro and Israeli shekel against the U.S. dollar are also noted. The company's second-half outlook depends on inventory normalization and successful high-end smartphone ramps.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-10

Revenue rose 13% year-over-year to $29M, driven by strong licensing and royalty growth, with major platform and AI wins expanding long-term opportunities. Full-year outlook was raised to 13%-15% growth, with H2 expected to be stronger, and non-GAAP profitability set to improve significantly.

Q1 2026 Q1 2026 2026-05-11

Q1 2026 saw double-digit revenue growth, record licensing, and strong momentum in AI, Wi-Fi, and combo chips, despite mobile softness. Upgraded full-year outlook projects top-end revenue growth and significant margin expansion, driven by integrated solutions and new customer wins.

Q4 2025 Q4 2025 2026-02-17

Record revenues and strong licensing growth in 2025 were driven by AI and connectivity, with a landmark NPU deal in the PC market and robust smart edge diversification. 2026 guidance calls for 8%-12% revenue growth and significant margin expansion, despite FX and supply headwinds.

Q3 2025 Q3 2025 2025-11-10

Revenue grew 4% year-over-year to $28.4 million, with AI processor licensing now a major driver, contributing a third of licensing revenue. Record shipments in Wi-Fi and IoT, strong royalty growth, and a multi-year NPU deal with Microchip position the company for continued momentum.

Q2 2025 Q2 2025 2025-08-11

Q2 2025 saw strong licensing execution and a rebound in royalties, with 13 new license deals and 488 million units shipped. Revenue declined 10% year-over-year, but consumer IoT and Wi-Fi 6 shipments hit record highs. Outlook remains positive with sequential royalty growth expected.

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