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CEVA, Inc.

CEVA, Inc.

NASDAQ•CEVA
CEO: Mr. Amir Panush
Sector: Technology
Industry: Semiconductors
Listing Date: 2002-11-01
CEVA, Inc. provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 - 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices. The company's wireless IoT products comprise RivieraWaves' Bluetooth 5dual mode and low energy platforms, RivieraWaves' Wi-Fi platforms, ultra-wide band platforms, and Cellular IoT and RedCap platforms, as well as sense and inference processors and platforms consist of NeuPro-M neural processing unit (NPU) family; SensPro2 sensor hub AI platforms addressing imaging, vision, powertrain, and applications, including DSP processors, AI accelerators, and a software portfolio; and Ceva-BX1 and Ceva-BX2 audio AI DSPs. Its sensing and audio software comprise RealSpace spatial audio software package; WhisPro speech recognition; ClearVox, a voice front-end software package for voice-enabled devices; and CDNN, a neural network graph compiler that enables AI developers to automatically compile, optimize, and run pre-trained networks onto embedded devices. The company's application software IP are licensed primarily to OEMs who embed it in their system on chip designs. It delivers AI DSPs and NPUs in the form of a hardware description language definition; and offers development platforms, software development kits, and software debug tools, which facilitate system design, debug, and software development. The company licenses its technology through a direct sales force. CEVA, Inc. was formerly known as ParthusCeva, Inc. and changed its name to CEVA, Inc. in December 2003. The company was incorporated in 1999 and is headquartered in Rockville, Maryland.
Contact Information
15245 Shady Grove Road, Suite 400, Rockville, MD, 20850, United States
240-308-8328
www.ceva-ip.com
Market Cap
$627.62M
P/E (TTM)
-49.3
64.2
Dividend Yield
--
52W High
$38.94
52W Low
$18.23
52W Range
24%
Rank44Top 53.8%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$28.38M+4.33%
4-Quarter Trend

EPS

-$0.10-202.99%
4-Quarter Trend

FCF

-$6.29M+41800.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Total Revenue Up 1% Total revenues reached $78.3M for nine months 2025, a 1% increase versus $77.7M in 2024.
Licensing Revenue Growth Licensing and related revenues grew 4% to $46.1M for nine months 2025, driven by strategic AI deals.
Wireless IP Market Leader Ceva commanded 68% of the wireless connectivity IP market in 2024, shipping over 20 billion devices since 2003.
Strong Liquidity Position Total cash, deposits, and marketable securities reached $152.1M as of September 30, 2025, supporting operations.

Risk Factors

Net Loss Significantly Widened Nine months net loss was $(9.54)M in 2025, a material deterioration from the $(7.05)M loss reported in 2024.
Trade Policy Uncertainty Risk Changes in U.S. trade policies and tariffs introduce uncertainty, potentially delaying customer projects and lowering royalties.
Increased Operating Cash Use Net cash used in operating activities increased to $(12.08)M for nine months 2025, compared to $(4.57)M previously.
Customer Revenue Concentration Top five customers accounted for 39% of total nine-month revenues, indicating reliance on key semiconductor partners.

Outlook

2025 Revenue Guidance Lowered Adopted cautious outlook, lowering 2025 revenue growth guidance from high-single digits to a low-single digits range.
Physical AI Market Expansion Physical AI sectors are projected to represent a $170 Billion total addressable market opportunity by 2030.
Capturing Generative AI Growth Focus remains on capturing secular growth via ubiquitous IP portfolio across connectivity, sensing, and inference layers.
Sufficient Capital Runway Cash, deposits, and securities, plus operating cash flow, provide sufficient capital to fund operations for next 12 months.

Peer Comparison

Revenue (TTM)

ADTRAN Holdings, Inc.ADTN
$1.04B
+14.3%
Ichor Holdings, Ltd.ICHR
$957.34M
+16.9%
ChipMOS TECHNOLOGIES INC.IMOS
$727.51M
-0.9%

Gross Margin (Latest Quarter)

Arteris, Inc.AIP
89.9%
-0.2pp
CEVA, Inc.CEVA
88.0%
+2.6pp
PowerFleet, Inc.AIOT
52.8%
-0.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
IMOS$1.47B187.81.0%36.2%
ICHR$1.08B-26.3-5.9%16.9%
POET$910.53M-12.3-119.7%6.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.0%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 12, 2026
|
EPS:$0.19
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $28.38M+4.3%
    |
    EPS: $-0.10-203.0%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 11, 2025|
    Revenue: $25.68M-9.7%
    |
    EPS: $-0.15+1119.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $24.25M+9.8%
    |
    EPS: $-0.14-39.1%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $106.94M+9.8%
    |
    EPS: $-0.37+27.5%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $27.21M+13.0%
    |
    EPS: $0.10-146.2%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $28.44M+8.7%
    |
    EPS: $-0.01-95.1%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $22.07M-16.0%
    |
    EPS: $-0.23+9.5%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 7, 2024|
    Revenue: $97.42M-27.6%
    |
    EPS: $-0.51+49.0%
    Miss