Ceva (NASDAQ:CEVA) Announces Earnings Results, Beats Expectations By $0.02 EPS

Ceva (NASDAQ:CEVA) released its earnings results on Monday. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02, Briefing.com reports. Ceva had a negative net margin of 10.47% and a negative return on equity of 3.42%. The firm had revenue of $27.02 million during the quarter, compared to the consensus estimate of $26.12 million. During the same period in the previous year, the firm earned $0.06 earnings per share. Ceva’s revenue was up 11.6% compared to the same quarter last year.

Here are the key takeaways from Ceva’s conference call:

• CEVA reported a strong start to 2026 with revenues up 11% YoY to $27.0M and licensing revenue of $17.8M (its strongest licensing quarter in 3 years), and it raised its full?year outlook to the high end of the prior 8%–12% growth range while forecasting a 40%–50% increase in non?GAAP operating margins and net income.
• The company won strategic full?stack deals — notably a Bluetooth HDT (RF + modem + software) license with a leading U.S. semiconductor customer and expanded baseband engagements for NTN (satellite 5G) and UWB — signaling deeper, higher?value per?design engagements and greater long?term royalty potential.
• AI traction accelerated: AI accounted for >20% of licensing revenue this quarter, CEVA’s NeuPro?Nano won a leading award, and its AI DSP/accelerator is now in production on the Renesas R?Car V4H used in the 2026 Toyota RAV4, opening the door to meaningful automotive royalty streams.
• Royalty trends were mixed — total royalties were flat YoY while non?mobile royalties rose 8% and Wi?Fi shipments hit a record 91M units (+158% YoY), but smartphone royalties were soft due to seasonal/memory and inventory dynamics that management called largely timing?related.
• Financial position: GAAP results showed an operating and net loss, but non?GAAP net income was $1.1M, CEVA ended the quarter with about $260M in cash and equivalents, and guided Q2 revenue of $26M–$30M with ~87% GAAP gross margin.

Ceva Stock Performance

Shares of CEVA stock traded up $0.31 on Wednesday, hitting $37.39. The stock had a trading volume of 362,435 shares, compared to its average volume of 492,778. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -83.36 and a beta of 1.94. The stock’s 50 day moving average is $22.80 and its 200-day moving average is $22.74. Ceva has a 52-week low of $17.02 and a 52-week high of $39.94.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Ceva from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday. TD Cowen boosted their target price on shares of Ceva from $24.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday. Roth Mkm reiterated a “buy” rating and set a $40.00 price objective on shares of Ceva in a research note on Monday. JPMorgan Chase & Co. started coverage on shares of Ceva in a research note on Friday, May 8th. They set a “neutral” rating and a $30.00 price objective for the company. Finally, Oppenheimer boosted their price objective on shares of Ceva from $30.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ceva currently has a consensus rating of “Moderate Buy” and an average price target of $39.44.

Institutional Trading of Ceva

Institutional investors have recently added to or reduced their stakes in the stock. Amundi acquired a new stake in Ceva in the fourth quarter valued at $379,000. Creative Planning raised its holdings in Ceva by 40.8% in the third quarter. Creative Planning now owns 13,841 shares of the semiconductor company’s stock valued at $366,000 after acquiring an additional 4,012 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Ceva in the fourth quarter valued at $365,000. Los Angeles Capital Management LLC acquired a new stake in Ceva in the fourth quarter valued at $360,000. Finally, Inceptionr LLC acquired a new stake in Ceva in the fourth quarter valued at $337,000. 85.37% of the stock is owned by institutional investors and hedge funds.

Ceva Company Profile

Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.

Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.