Ceva (NASDAQ:CEVA) Announces Quarterly Earnings Results

Ceva (NASDAQ:CEVA) issued its quarterly earnings results on Tuesday. The semiconductor company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18, FiscalAI reports. Ceva had a negative return on equity of 3.54% and a negative net margin of 10.49%.The business had revenue of $31.29 million during the quarter, compared to analysts’ expectations of $31.03 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis.

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

• Record Q4 revenue: CEVA reported an all-time high quarter of $31.1M, with licensing up 11% and 18 licensing deals signed (including multiple NPUs, Wi‑Fi7 and combo wins), signaling broad demand across its portfolio.
• NPU / PC OEM breakthrough: CEVA signed an NPU licensing agreement with one of the world’s leading PC OEMs for a dedicated NPU integrated into the OEM’s SoC, validating CEVA’s AI IP and accelerating on-device AI adoption in PCs.
• Strong 2026 outlook: Management guides 2026 revenue growth of 8%–12% and expects non‑GAAP net income to rise about 35%–40%, while keeping non‑GAAP expense growth well below top‑line expansion.
• Near‑term risks include smartphone softness and memory pricing/supply constraints that pressured annual royalties (royalties down 2% in 2025) and a currency headwind that is expected to add roughly $5M of non‑USD expense in 2026.
• Solid balance sheet and M&A optionality: CEVA ended the year with roughly $222M in cash/marketable securities and completed a $63M net follow‑on, which management says is intended to support strategic M&A to accelerate growth.

Ceva Trading Down 9.8%

NASDAQ:CEVA opened at $20.45 on Wednesday. The business’s 50-day moving average is $22.23 and its 200 day moving average is $23.72. Ceva has a 12 month low of $18.23 and a 12 month high of $38.94. The company has a market capitalization of $491.21 million, a P/E ratio of -44.46 and a beta of 1.50.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CEVA shares. Rosenblatt Securities restated a “buy” rating and set a $40.00 target price on shares of Ceva in a research note on Tuesday, November 11th. Stifel Nicolaus started coverage on shares of Ceva in a research note on Tuesday, February 10th. They issued a “buy” rating and a $30.00 price objective for the company. Barclays raised their price objective on shares of Ceva from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 12th. Loop Capital started coverage on shares of Ceva in a research note on Monday, December 1st. They set a “buy” rating and a $28.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ceva in a research note on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Defiance ETFs LLC bought a new position in Ceva during the fourth quarter valued at $10,420,000. Neuberger Berman Group LLC increased its holdings in shares of Ceva by 44.1% in the 4th quarter. Neuberger Berman Group LLC now owns 998,824 shares of the semiconductor company’s stock worth $21,505,000 after buying an additional 305,540 shares during the last quarter. HRT Financial LP purchased a new stake in shares of Ceva during the 4th quarter valued at about $5,182,000. Jane Street Group LLC lifted its holdings in shares of Ceva by 1,798.3% in the 4th quarter. Jane Street Group LLC now owns 253,967 shares of the semiconductor company’s stock valued at $5,465,000 after acquiring an additional 240,588 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Ceva by 391.2% in the fourth quarter. Stifel Financial Corp now owns 243,607 shares of the semiconductor company’s stock worth $5,242,000 after acquiring an additional 194,016 shares in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Ceva

Here are the key news stories impacting Ceva this week:

• Positive Sentiment: Ceva said 2025 was a “breakthrough year” for AI licensing: 10 NeuPro NPU agreements signed and AI contributed >20% of annual licensing revenue — supports revenue diversification and higher-margin licensing growth. Ceva Highlights Breakthrough Year for AI Licensing and Physical AI Adoption in 2025
• Positive Sentiment: Management outlined a 2026 revenue growth target of 8%–12% and said it will expand AI and connectivity leadership — forward guidance that can support multiple expansion if delivery continues. CEVA outlines 8%-12% revenue growth target for 2026 while expanding AI and connectivity leadership
• Positive Sentiment: Q4 results: EPS $0.18 (in line with consensus) and revenue of $31.29M (about +7% YoY). Hitting or roughly matching estimates reduces near-term downside risk and validates improving revenue trends. Ceva (CEVA) Meets Q4 Earnings Estimates
• Neutral Sentiment: Company released the full Q4 & FY2025 results, slide deck andcall transcript — useful for modeling revenue cadence, licensing backlog and margin recovery timing. (Earnings materials and transcript linked.) View Press Release / Slide Deck
• Neutral Sentiment: Analyst coverage and institutional flows remain mixed but constructive: recent buy/overweight notes and price targets (median ~ $35) contrast with some large Q4 portfolio moves — keeps upside narrative but execution is key. CEVA ($CEVA) Releases Q4 2025 Earnings
• Negative Sentiment: Profitability remains a concern: Ceva reported a negative net margin (~-10.5%) and negative ROE, so revenue growth must convert to margin improvement to sustain a higher valuation. Ceva, Inc. Announces Fourth Quarter and Full Year 2025 Financial Results
• Negative Sentiment: Some data sources report a small miss vs. certain street estimates (Quiver notes EPS/revenue about $0.01/$356K below some estimates) and there are conflicting short-interest reports (entries showing a “large increase” but numeric data is inconsistent), which can create near-term volatility. CEVA ($CEVA) Releases Q4 2025 Earnings

About Ceva

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.