CEVA
Licenses connectivity, sensing, and edge AI IP for smart-edge devices.
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Profile
Licenses silicon and embedded-software IP for devices that connect, sense, and infer. Revenue comes from upfront licensing and royalties tied to customer shipments, with an Asia-heavy customer base and a portfolio centered on Connect and Sense & Infer.
Licenses semiconductor and embedded-software IP for smart-edge devices, with current work organized around Connect and Sense & Infer. Connect covers baseband, Bluetooth, Wi-Fi, NB-IoT, Ultra-Wideband, and related wireless platforms; Sense & Infer covers sensor fusion, audio, imaging, vision, DSPs, and edge AI.
Revenue comes from upfront access to platforms, IP cores, software, tools, customization, and support, plus royalties on customer shipments using CEVA IP. The customer mix is Asia-heavy, while development work spans France, Greece, Ireland, Israel, Serbia, and the United States.
Execution depends on licensees turning designs into shipped products and on protecting the patents, software, trade secrets, and contracts behind the IP model.
Company facts
Key statistics
Year to date +20.9% · Average volume (30d) 860.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 11, 2026 | Oppenheimer | Reiterate | Outperform | $42 | $38 |
| Jul 15, 2026 | Benchmark | Initiate | Hold | ||
| Jul 10, 2026 | Stifel Nicolaus | Target | $42 | $50 | |
| Jun 15, 2026 | Needham | Target | $55 | ||
| May 12, 2026 | UBS | Reiterate | Buy | $42 | $48 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | $0.07 | $0.08 | +9.2% | $28.2M | $29.0M | +3.0% | −17.46% |
| May 11, 2026Q1 FY26 | $0.02 | $0.04 | +100.0% | $26.1M | $27.0M | +3.5% | +1.70% |
| Feb 17, 2026Q4 FY25 | $0.18 | $0.18 | 0.0% | $31.0M | $31.3M | +0.9% | −1.76% |
| Nov 10, 2025Q3 FY25 | $0.10 | $0.11 | +10.0% | $31.0M | $28.4M | −8.5% | +0.27% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $24.2M | $25.7M | $28.4M | $31.3M | $27.0M | $29.0M | |
| Gross profit | $20.8M | $22.1M | $25.0M | $27.6M | $23.2M | $25.4M | |
| Operating income | −$4.4M | −$4.5M | −$2.1M | −$398.0K | −$5.0M | −$2.1M | |
| Net income | −$3.3M | −$3.7M | −$2.5M | −$1.1M | −$4.5M | −$2.9M | |
| Diluted EPS | −$0.14 | −$0.15 | −$0.10 | −$0.04 | −$0.16 | −$0.10 | |
| Gross margin | 85.6% | 86.2% | 88.0% | 88.1% | 85.8% | 87.4% | |
| Operating margin | -18.1% | -17.5% | -7.3% | -1.3% | -18.6% | -7.2% |
Fiscal years (4-quarter sums)FY21 $122.7M · FY22 $131.0M · FY23 $97.4M · FY24 $106.9M · FY25 $109.6M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $215.6M · Total debt $17.4M · Total assets $391.9M · Shareholders' equity $340.2M
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 27.86M · Float 24.69M · 88.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.42M | 8.68% | 13F | Aug 7, 2026 |
| State Street Corp | 1.67M | 6.00% | 13F | Aug 7, 2026 |
| Senvest Management, LLC | 1.63M | 5.86% | 13F | Aug 14, 2026 |
| Morgan Stanley | 1.45M | 5.19% | 13F | Aug 13, 2026 |
| Vanguard Capital Management | 1.41M | 5.04% | 13G | Jul 31, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 19, 2026 | Amir Panush | director, officer: Chief Executive Officer | +5,100 | $19.70 |
| Feb 20, 2026 | Yaniv Arieli | officer: Chief Financial Officer | +2,500 | $19.34 |
| Feb 23, 2026 | Jaclyn Liu | director | +1,310 | $19.15 |
Peers
- Cadence Design Systems
Configurable DSP and NPU IP for edge AI and audio
- Arm (ADR)
Broad processor and NPU IP for smart-edge SoCs
- Synopsys
DesignWare IP overlaps in embedded processors and interfaces
- Qualcomm
Integrated modem, RF, Wi-Fi, and edge AI platforms
- Silicon Labs
Low-power wireless SoCs and stacks for IoT designs
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CEVA | $27.25 | +0.52% | $755.5M | — | 39.6 | 6.5 | +13.1% |
| Cadence Design Systems | $329.89 | −3.10% | $93.74B | 67.7 | 39.7 | 16.1 | +24.2% |
| Arm (ADR) | $239.00 | −0.02% | $255.31B | 246.4 | 100.0 | 49.5 | +22.4% |
| Synopsys | $442.91 | +0.07% | $84.75B | 185.3 | 26.9 | 9.0 | +42.4% |
| Qualcomm | $164.28 | +0.07% | $172.40B | 18.7 | 17.7 | 3.9 | −4.0% |
| Silicon Labs | $218.54 | −0.05% | $7.21B | — | 60.0 | 8.4 | +18.3% |
| Median | 126.5 | 39.7 | 9.0 | +22.4% |