Ceva, Inc. $(CEVA)$ announced its financial results for the second quarter ended June 30, 2025, reporting a total revenue of $25.7 million, representing a 6% sequential increase. The company highlighted the success of its AI business, with four new NeuPro NPU licensing deals marking a pivotal moment in customer adoption and underscoring the growing demand for its edge AI technologies. The quarter also saw Ceva secure two strategic automotive IP agreements with U.S. companies for V2X and 4D radar. Shipments of Ceva-powered devices reached 488 million units, including record highs in cellular IoT and Wi-Fi 6 shipments. The company surpassed the milestone of 20 billion Ceva-powered devices shipped, reinforcing its position as a leader in wireless connectivity IP. On the financial performance front, Ceva reported a non-GAAP gross margin of 87% for the second quarter of 2025, compared to 91% for the same period in 2024. Non-GAAP operating income stood at $0.8 million, down from $4.4 million in the second quarter of 2024. Non-GAAP net income was $1.8 million, with a diluted income per share of $0.07, compared to non-GAAP net income of $4.2 million and a diluted income per share of $0.17 reported for the same quarter last year. Ceva also continued its share repurchase program, buying back 300,000 shares for approximately $6.2 million during the quarter. The company remains focused on disciplined expense management and delivering improved profitability.