Ceva, Inc. Announces Second Quarter 2026 Financial Results

Company posts highest licensing and related revenues in three years on strong AI and connectivity demand

ROCKVILLE, Md. — Aug. 10, 2026 — Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP for the Smart Edge, today announced its financial results for the second quarter ended June 30, 2026.

Second Quarter Highlights: *

• Total revenues of $29.0 million, up 13%.
• Licensing and related revenues of $18.2 million, up 21% and the highest in three years.
• Ten IP licensing agreements, including two with first-time customers and two directly with OEMs.
• Royalty revenues of $10.8 million, up 1% year over year and 17% sequentially, supported by strong wireless connectivity shipments, continued ramp of automotive AI programs and improving smartphone royalties.
• Non-GAAP operating income of $3.1 million and non-GAAP operating margin of 11%, compared with $0.8 million and 3%.

*Unless otherwise stated, all comparisons are to the second quarter 2025.

Amir Panush, Chief Executive Officer of Ceva, commented, “We delivered another strong quarter, with revenue increasing 13% year over year, fueled by licensing and related revenue growing 21% to its highest level in three years. These results reflect the growing strategic importance of proven silicon and software IP as customers accelerate increasingly complex AI and connectivity technologies that enable Physical AI.

Our agreement signed in the quarter with a leading global AI and computing platform company represents an important expansion of our AI customer base. By combining hardware IP, software and system-level expertise, Ceva can deepen its role in customer designs, increase its content opportunity and support larger, longer-term relationships.”

Business and Market Highlights

Licensing momentum during the quarter was led by the selection of Ceva’s NeuPro-M NPU IP for next-generation custom AI silicon by a leading global AI and computing platform company. The engagement expands Ceva’s AI licensing business into a new category of platform customer that controls both the hardware and operating-system environment.

Ceva also saw increased adoption of its diverse portfolio of broader connectivity solutions. A high-volume U.S. semiconductor company added to its portfolio a third-party chip based on Ceva’s Wi-Fi 6 and Bluetooth Low Energy IP that was originally developed with another Ceva customer. Separately, an existing U.S. customer expanded its license from an individual baseband component IP to Ceva’s complete baseband processing subsystem.

Overall, Ceva signed ten licensing agreements during the quarter, including two with first-time customers and two directly with OEMs. Additional connectivity agreements were signed with customers across the U.S., Europe, China and the broader Asia-Pacific. Ceva also launched RealSpace Elevate, extending its Microsoft-certified spatial audio technology into the PC gaming market.

Other Second Quarter financial data: *

• GAAP gross margin was 87%, as compared to GAAP gross margin of 86%
• GAAP operating loss was $2.1 million, as compared to a GAAP operating loss of $4.5 million
• GAAP net loss was $2.9 million, as compared to a GAAP net loss of $3.7 million
• GAAP diluted loss per share was $0.10, as compared to GAAP diluted loss per share of $0.15
• Non-GAAP gross margin was 88%, as compared to non-GAAP gross margin of 87%
• Non-GAAP operating income was $3.1 million, as compared to non-GAAP operating income of $0.8 million
• Non-GAAP net income and non-GAAP diluted earnings per share were $2.3 million and $0.08, respectively, compared with non-GAAP net income and non-GAAP diluted earnings per share of $1.8 million and $0.07, respectively

*Unless otherwise stated, all comparisons are to the second quarter 2025.

Yaniv Arieli, Chief Financial Officer of Ceva, added, “Licensing and related revenues reached $18.2 million in the quarter, while trailing-twelve-month licensing and related revenues increased 13% to $69.6 million, demonstrating sustained momentum in the business. Combined with improving royalty trends and disciplined expense management, this drove non-GAAP operating margin to 11%, up from 3% a year ago, demonstrating the operating leverage inherent in our business model.”

Financial tables

To read financial tables, click here

Ceva Conference Call

On August 10, 2026, Ceva management will conduct a conference call at 8:30 a.m. Eastern Time to discuss the operating performance for the quarter.

The conference call will be available via the following dial in numbers:

• U.S. Participants: Dial 1-844-435-0316 (Access Code: Ceva)
• International Participants: Dial +1-412-317-6365 (Access Code: Ceva)

The conference call will also be available live via webcast at the following link: https://app.webinar.net/P3eXEg0zQLb. Please go to the website at least fifteen minutes prior to the call to register.

For those who cannot access the live broadcast, a replay will be available by dialing +1 855-669-9658 or +1 412-317-0088 (access code: 9794488) from one hour after the end of the call until 9:00 a.m. (Eastern Time) on August 17, 2026. The replay will also be available at Ceva’s web site at www.ceva-ip.com.

Explore Ceva IP:

• Scalable 5G modem platform
• Scalable Edge NPU IP for Generative AI
• Bluetooth Connectivity Platform
• Multi-protocol wireless plaform integrating 802.11ax (Wi-Fi 6), Bluetooth 5.4 Dual Mode, 802.15.4 (for Thread, Zigbee and Matter)

About Ceva, Inc.

Ceva powers the Smart Edge, bridging the digital and physical worlds to bring AI-driven products to life. Our Ceva AI fabric portfolio of silicon and software IP enables devices to Connect, Sense, and Infer – the essential capabilities for the intelligent edge. From 5G, cellular IoT, Bluetooth, Wi-Fi, and UWB connectivity to scalable Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software, Ceva provides the foundational IP for devices that connect, understand their environment, and act in real time.

With more than 21 billion devices shipped and trusted by 400+ customers worldwide, Ceva is the backbone of today’s most advanced smart edge products – from AI-infused wearables and IoT devices to autonomous vehicles and 5G infrastructure. Our differentiated solutions deliver seamless integration into existing design flows, total flexibility to combine solutions based on design needs and ultra‑low‑power performance in minimal silicon footprint, helping customers accelerate development, reduce risk, and bring innovative products to market faster. As technology evolves toward Physical AI, Ceva’s IP portfolio lays the foundation for systems that are always connected, contextually aware, and capable of intelligent, real-time decision-making.

Visit us at www.ceva-ip.com.