Overview
Silicon IP licensor's Q4 revenue slightly beat analyst expectations, growing 7% yr/yr
Company completed strategic NPU licensing agreement with leading PC OEM
Company raised $63 mln through follow-on offering, strengthening balance sheet
Outlook
Ceva anticipates continued demand for AI and connectivity technologies as industry shifts to Physical AI
Company expects sustained growth from diversified licensing agreements across smart edge markets
Ceva enters 2026 with strong market positioning in connectivity, sensing, and inference
Result Drivers
NPU LICENSING AGREEMENT - Strategic NPU licensing agreement with a leading PC OEM boosted revenue and validated AI strategy
DIVERSIFIED IP DEMAND - Signed 18 IP licensing agreements across AI, connectivity, and sensing, reflecting strong demand
ROYALTY REVENUE INCREASE - Achieved strongest quarterly royalty performance in over four years, contributing to revenue growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Beat* | $31.30 mln | $31.03 mln (5 Analysts) |
Q4 EPS | -$0.04 | ||
Q4 Net Income | -$1.10 mln | ||
Q4 Adjusted Gross Margin | 89.00% | ||
Q4 Adjusted Operating Income | $5.70 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for CEVA Inc is $33.00, about 45.6% above its February 13 closing price of $22.67
Press Release: ID:nPn91qRn4a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)