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CEVA stock ticker logo

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
$801.26M
P/E (TTM)
-69.4
55.7
Dividend Yield
--
52W High
$30.88
52W Low
$17.02
52W Range
85%
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

Q4 2025 Data

Revenue

$31.29M+0.00%
4-Quarter Trend

EPS

-$0.04+0.00%
4-Quarter Trend

FCF

$7.23M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Growth and Licensing Total revenues reached $109.6M in 2025, showing 2.5% growth over 2024. Licensing revenue grew 6% to $63.6M, driven by 54 new agreements.
Record Device Shipments Record 2.1B Ceva-powered devices shipped in 2025, marking 6% unit growth across the entire technology portfolio.
Future Royalty Visibility New 2025 licensing deals established $125M aggregate lifetime royalty potential, reinforcing long-term revenue visibility.
Gross Profit Improvement Gross profit rose to $95.4M in 2025, although operating loss widened to $(11.3M) compared to 2024.

Risk Factors

Intense Market Competition Intense market competition risks lower pricing and limits revenue expansion across core semiconductor IP markets.
Geographic Revenue Concentration Significant geographic risk exists as China accounted for 62% of total 2025 revenues reported.
Customer Dependence on Royalties Two largest royalty payers represented 39% of 2025 royalty revenue, indicating customer dependence risk.
Product Acceptance Dependency Business success relies heavily on customer product acceptance; IP solutions are components of final devices sold.

Outlook

Physical AI Strategy Focus Strategy centers on Physical AI stack: expanding influence across connect, sense, and infer foundational layers.
Scaling AI Inference Adoption Accelerating adoption of NeuPro NPUs and SensPro AI DSPs for generative and embedded AI workloads.
Platform Expansion Targets Expanding platform-level solutions, targeting growth verticals like AI PCs, robotics, and spatial computing.
Sustained R&D Investment Continued investment in high-leverage technologies for next-era edge intelligence, including Wi-Fi 7 and 5G-Advanced.

Peer Comparison

Revenue (TTM)

ADTN stock ticker logoADTN
$1.08B
+17.5%
ICHR stock ticker logoICHR
$947.65M
+11.6%
IMOS stock ticker logoIMOS
$774.75M
+41.0%

Gross Margin (Latest Quarter)

POET stock ticker logoPOET
100.0%
-299.1pp
APPS stock ticker logoAPPS
91.9%
+1.9pp
AIP stock ticker logoAIP
90.8%
-0.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
AEHR$3.02B-257.9-8.9%6.4%
ICHR$2.46B-46.2-7.7%19.7%
POET$1.84B-22.3-75.8%2.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
8.9%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Deep Research

Next earnings:May 5, 2026
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