Ceva (NASDAQ:CEVA) Issues Earnings Results, Beats Estimates By $0.01 EPS

Ceva (NASDAQ:CEVA) posted its quarterly earnings results on Monday. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01, FiscalAI reports. The firm had revenue of $29.03 million during the quarter, compared to the consensus estimate of $28.19 million. Ceva had a negative return on equity of 3.42% and a negative net margin of 10.47%.The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share.

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

• CEVA reported 13% year-over-year revenue growth to $29 million, with licensing and related revenue up 21% to $18.2 million and non-GAAP operating margin expanding to 11% from 3% a year earlier.
• Customers increasingly adopted CEVA’s broader hardware and software platforms, including NeuPro-M AI IP for a major AI and computing platform company and complete connectivity and baseband solutions. Management said these deals should increase licensing value, customer stickiness, and future royalty opportunities.
• Royalty trends improved, supported by wireless connectivity, automotive AI programs, and smartphone share gains. CEVA shipped 567 million powered devices, up 16% year over year, while Wi-Fi shipments rose 28% and cellular IoT shipments reached a quarterly record.
• CEVA raised its 2026 revenue growth outlook to 13%–15% from 12% previously, and now expects non-GAAP operating income to grow approximately 70% and non-GAAP net income approximately 50% year over year.
• Management cautioned that memory pricing, supply constraints, and component-cost inflation could affect second-half handset demand, although it still expects normal seasonality and continued market-share gains. Bluetooth shipments declined 16% year over year and industrial IoT units fell from 24 million to 19 million.

Ceva Price Performance

NASDAQ CEVA opened at $31.92 on Tuesday. The company’s fifty day moving average price is $41.78 and its two-hundred day moving average price is $30.88. The company has a market capitalization of $889.29 million, a price-to-earnings ratio of -70.93 and a beta of 1.99. Ceva has a 12 month low of $17.02 and a 12 month high of $51.60.

Analysts Set New Price Targets

Several research firms have recently weighed in on CEVA. Roth Capital reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Ceva in a research note on Monday, May 11th. Rosenblatt Securities increased their target price on shares of Ceva from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. began coverage on shares of Ceva in a report on Friday, May 8th. They issued a “neutral” rating and a $30.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Ceva in a research report on Monday, July 6th. Finally, Needham & Company LLC reduced their target price on shares of Ceva from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Monday. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

Institutional Trading of Ceva

Several institutional investors and hedge funds have recently bought and sold shares of CEVA. Centaurus Financial Inc. lifted its stake in Ceva by 2.6% during the third quarter. Centaurus Financial Inc. now owns 21,905 shares of the semiconductor company’s stock worth $579,000 after purchasing an additional 550 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Ceva by 15.4% in the 4th quarter. Intech Investment Management LLC now owns 9,415 shares of the semiconductor company’s stock valued at $203,000 after buying an additional 1,258 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Ceva by 10.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,680 shares of the semiconductor company’s stock valued at $295,000 after buying an additional 1,270 shares during the last quarter. &PARTNERS raised its stake in Ceva by 12.6% during the fourth quarter. &PARTNERS now owns 12,499 shares of the semiconductor company’s stock worth $270,000 after acquiring an additional 1,394 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Ceva by 3.1% in the second quarter. American Century Companies Inc. now owns 53,354 shares of the semiconductor company’s stock worth $1,173,000 after acquiring an additional 1,619 shares during the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

Key Ceva News

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Quarterly results exceeded estimates: Ceva reported second-quarter EPS of $0.08 versus the $0.07 consensus estimate, while revenue reached $29.03 million, above expectations of $28.19 million. Revenue increased 13% year over year to its highest level in three years for licensing and related revenue, supported by demand for artificial intelligence and connectivity products. Ceva Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Insider buying provides a modest confidence signal: Executives, including CEO Amir Panush and CFO Yaniv Arieli, purchased shares in the past six months, with no reported insider sales. Institutional activity was mixed, although State Street and BlackRock increased their holdings in the latest reported quarter. Ceva Trading and Institutional Activity
• Neutral Sentiment: Analyst targets remain above the current trading range: Six analysts recently published targets with a median of $45, ranging from $36 to $55. However, these targets may not reflect updated post-earnings guidance or changing market expectations.
• Negative Sentiment: Profitability remains a concern: Despite the EPS beat, Ceva posted a negative net margin of 10.47% and negative return on equity of 3.42%. Analysts collectively expect a full-year loss of approximately $0.21 per share, which may be weighing on the stock despite stronger revenue growth. Ceva Shares Slip Despite Earnings Beat

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.