CEVA · Ceva Inc
Market Cap
$763.54M
Shares
28.15M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$27.05
Open$27.35
Day$26.72–27.77
52W close$17.21–50.06
Avg vol 30d879K
Short int2.7M · 9.6% float · 2.8d
Short vol57%
Last earningsAug 10, 2026
DataJan 2020–Aug 2026
Filing10-Q · Aug 10
Up next
Next earnings call
Nov 9, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 10, 2026
AI Brief
Q4 FY25 earnings call · Feb 17, 2026
Q4 FY25
TL;DR. CEVA reported record Q4 2025 revenue of $31.3 million (up 7% year-over-year) and its strongest royalty quarter in more than four years, while full-year revenue grew 2% to $109.6 million and 2.1 billion Ceva-powered devices shipped. The company strengthened its balance sheet with a ~$63 million follow-on offering and is targeting non-organic growth via M&A.
Bullish
- + Q4 total revenue of $31.3M was the highest quarterly revenue in CEVA's history, up 7% year-over-year and 10% sequentially
- + Licensing and related revenue grew 11% in Q4 to $17.5M, with 18 IP licensing agreements signed including three NPU deals
- + Royalty revenue of $13.8M in Q4 was the strongest quarterly royalty performance in more than four years, with Wi-Fi shipments up 31% year-over-year and cellular IoT shipments up 30% year-over-year
- + Full-year 2025 licensing revenue grew 6% to $63.6M and royalties grew sequentially each quarter, ending with a record Q4
- + Record 2.1 billion Ceva-powered devices shipped in 2025 (up 6%), including record Wi-Fi shipments of 266M units (up 48%) and record Cellular IoT shipments of 241M units (up 42%)
- + Signed a strategic NPU licensing agreement with one of the world's leading PC OEMs for NeuPro NPUs, and signed Wi-Fi severance agreements with two large connectivity customers representing aggregated lifetime royalty potential of $125 million
Bearish
- − Full-year 2025 royalty revenue declined 2% year-over-year due to smartphone softness and a memory supply shortage impacting overall unit shipments
- − Q4 GAAP operating loss of $0.4M compared to a GAAP operating profit of $0.1M in Q4 2024, and Q4 GAAP net loss of $1.1M
- − CFO cited a U.S. dollar strength headwind on R&D expenses held outside the U.S. as a cost pressure in 2026
- − The follow-on offering raised approximately $63M net primarily to fund potential M&A, and management stated the company is not yet being recognized by the market as an AI play
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Strong
Sentiment
Neutral
Fundamentals
Fair
Quant / Vol
Very High
Market backdrop
VIX 14.9 · calm
Equity put/call 0.70
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−6%
below
Price vs 50-day avg
−26%
below
RSI (14)
38
neutral
MACD trend
Negative
52-week position
30%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−19%
trailing
6-month return
+35%
trailing
YTD return
+26%
this year
Relative strength
+22%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $37 › 200d $29 — 50d above 200d
Institutional flow
Accumulating
+31% holders QoQ · +72 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
9.61% of float · ▲ +21.0% MoM · 2.8 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
210 holders — near 3-yr high, broad support
Squeeze score
63
elevated · 0–100
Fundamentals
Revenue growth
+20%
Y/Y
Gross margin
109%
contracting
EPS growth
−19%
Y/Y
Free cash flow
$-6.3M
Quant / Vol
risk profile
Volatility
74%
annualized · 1-yr
Max drawdown
−47%
past year
ATR
8.0%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 11, 2025
Total revenue
· the third quarter
$26M – $30M
Gross margin (GAAP)
· the third quarter
87%
Gross margin (non-GAAP)
· the third quarter
88%
GAAP OPEX
· the third quarter
$26M – $27M
Net interest income
· the third quarter
$1.3M
Non-GAAP OPEX
· the third quarter
$21M – $22M
Taxes
· the third quarter
$1.8M
Prior guidance
period ended
· from the 8-K filed Nov 10, 2025
Total revenue
· fourth quarter
$29M – $33M
Gross margin
· fourth quarter
89%
Gross margin
· fourth quarter
88%
Non-GAAP OPEX
· fourth quarter
$22M – $23M
Net interest income
· fourth quarter
$1.5M
Guided vs delivered
· last 5 settled
Total revenue
fourth quarter
guided $29M – $33M
$31.29M
In line
Total revenue
second quarter of 2025
guided $23.7M – $27.7M
$25.68M
In line
Revenues
first quarter of 2025
guided $25.5M – $27.5M
$24.25M
Miss −8.5%
Total revenue
fourth quarter 2024
guided $26.5M – $28.5M
$29.22M
Beat +6.3%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−6%
Bearish
Price vs 50-day avg
−26%
Bearish
RSI (14)
38
Neutral
MACD trend
Negative
Bearish
52-week position
30%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $37 › 200d $29 — 50d above 200d
Institutional flow
Accumulating
+31% holders QoQ · +72 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
9.61% of float · ▲ +21.0% MoM · 2.8 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
210 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $17
Now $27 · 30%
Range high $50
vs 200-day avg -6%
vs 50-day avg -26%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Bluetooth shipments | 295M | second quarter of 2026 filing | — |
| Cellular IoT shipments | 68M | second quarter of 2026 filing | — |
| Ceva-powered device shipments | 567M | second quarter of 2026 filing | — |
| IP licensing agreements | 10 | the second quarter of 2026 filing | — |
|
|
|||
| Non-GAAP diluted earnings per share non-GAAP | $0.08 | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP diluted loss per share -$0.1
+$0.18 Equity-based compensation expense
+$0 Amortization of intangible assets related to acquisition of businesses
+$0 Costs associated with asset acquisition
+$0 Loss associated with the remeasurement of marketable equity securities
= Non-GAAP diluted earnings per share $0.08
|
|||
| Non-GAAP gross margin non-GAAP | 88% | Q2 2026 | — |
|
|
|||
| Non-GAAP net income non-GAAP | $2.3M | Q2 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP GAAP net loss -$2.91M
+$178K Equity-based compensation expense included in cost of revenues
+$2.66M Equity-based compensation expense included in research and development expenses
+$713K Equity-based compensation expense included in sales and marketing expenses
+$1.62M Equity-based compensation expense included in general and administrative expenses
-$42K Amortization of intangible assets related to acquisition of businesses
+$60K Costs associated with asset acquisition
-$24K Loss (income) associated with the remeasurement of marketable equity securities
= Non-GAAP net income $2.26M
|
|||
| Non-GAAP operating income non-GAAP | $3.1M | second quarter 2026 | — |
|
|
|||
| Trailing-twelve-month licensing and related revenues | $69.6M | Q2 2026 | — |
| Wi-Fi shipments | 80M | second quarter of 2026 filing | — |
| Cellular IoT devices shipped | 241M | full year 2025 | — |
| Ceva-powered devices shipped | 2.1B | full year 2025 | — |
| Non-GAAP operating margin non-GAAP | 18% | fourth quarter 2025 | — |
| Wi-Fi devices shipped | 266M | full year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Semiconductors — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
CEVA
this stock
Ceva Inc
|
$763.54M | +25.7% | +20.4% | — | 9.6% |
|
NVDA
Nvidia Corp
|
$5.24T | +18.4% | +65.5% | 27.5 | 1.2% |
|
TSM
Taiwan Semiconductor Manufacturing Co Ltd
|
$2.17T | +36.7% | — | — | 0.6% |
|
AVGO
Broadcom Inc.
|
$1.76T | +7.0% | +18.2% | 61.6 | 1.2% |
|
SKHY
SK hynix Inc.
|
$1.14T | — | — | — | 0.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| CEVA | +1.4% | -18.7% | +35.3% | -17.2% | +25.7% |
| SPY | +0.5% | +1.2% | +13.3% | +2.7% | +12.5% |
| vs SPY | +0.9% | -19.9% | +22.1% | -19.8% | +13.2% |
Capital returns
Buyback program
· as of Jun 30, 2026
Authorized
shares 1.00M
Spent (derived)
shares 315,514
Remaining
shares 684,486
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1173489
CUSIP
157210105
13F (30d)
171 filings
168 filers
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