CEVA (CEVA) Company Report

CEVA reported record fourth-quarter revenue of $31.3 million and full-year 2025 total revenue of $109.6 million, representing a 2% year-over-year increase for the full year.
The fourth quarter also saw the strongest royalty revenue in over four years at $13.8 million, contributing to a Non-GAAP earnings per share of $0.18 for the quarter.
The company ended Q4 2025 with a strong balance sheet, reporting $222 million in cash and equivalents and no debt.
CEVA signed a total of 54 deals in 2025, including 10 NeuPro NPU deals, with 18 deals signed in Q4 2025 alone.

Feb 17, 2026, 1:30 PM

Presentation

CEVA Reports Record Q4 2025 Revenue and Strong Full-Year Growth

CEVA

Earnings

Guidance Update

Revenue Acceleration/Inflection

CEVA reported record quarterly revenue of $31.1 million in Q4 2025, marking a 7% year-over-year increase, driven by an 11% increase in licensing revenue and a 2% increase in royalty revenue.
For the full year 2025, total revenue increased 2% to $109.6 million, with non-GAAP net income growing 20% and non-GAAP diluted EPS increasing 17% year-over-year.
The company achieved significant milestones in AI, signing 10 new NPU agreements in 2025, including a strategic deal with a leading PC OEM, and estimates $125 million in aggregated lifetime royalty potential from signed agreements.
CEVA expects total revenue to grow 8%-12% in 2026 over 2025, with lower growth in the first half and higher in the second half.

Feb 17, 2026, 1:30 PM

Transcript

CEVA Reports Q4 2025 Results and Outlines Strategic Growth Initiatives

CEVA

Earnings

Guidance Update

M&A

CEVA reported Q4 2025 revenue of $31.1 million, an increase of 7% year-over-year, with non-GAAP net income rising 86% to $4.9 million and non-GAAP diluted EPS reaching $0.18.
In 2025, the company signed 10 new NPU agreements, including a significant deal with a global PC OEM, contributing to an estimated $125 million in aggregated lifetime royalty potential from signed agreements.
CEVA exceeded 21 billion cumulative CEVA-powered units shipped by the end of Q4 2025, with smart edge applications accounting for 86% of total revenue in 2025.
Royalty contributions from new NPU and PC OEM design wins are projected to commence in 2027.
The company plans to leverage its strengthened balance sheet, holding approximately $200 million in cash, for non-organic growth and M&A opportunities to accelerate its licensing-to-royalty timeframe.

Feb 17, 2026, 1:30 PM

Transcript

CEVA Reports Record Q4 2025 Revenue and Strong 2026 Guidance

CEVA

Earnings

Guidance Update

New Projects/Investments

CEVA reported a record high quarterly revenue of $31.1 million in Q4 2025, an increase of 7% year-over-year, with non-GAAP net income growing 86% to $4.9 million and non-GAAP diluted EPS increasing 71% to $0.18. For the full year 2025, revenue increased 2% to $109.6 million, and non-GAAP net income grew 20%.
The company achieved a significant AI milestone in Q4 2025 by signing an NPU licensing agreement with a leading PC OEM, reinforcing its expansion into AI for the smart edge. This is part of over 10 NPU deals captured in 2025, with six NPU customers expected to be in production by the end of 2026, potentially contributing to royalties starting in early 2027, with an estimated $125 million in lifetime royalty potential.
For 2026, CEVA anticipates annual total revenue growth of 8%-12% over 2025, with lower growth in the first half and higher in the second half. Non-GAAP operating income and non-GAAP net income are expected to increase significantly by approximately 35%-40% year-over-year. Q1 2026 revenue is forecasted to be between $24 million-$28 million.
CEVA strengthened its balance sheet with approximately $222 million in cash and equivalents at year-end 2025, following a $63 million net follow-on offering. The company aims to pursue non-organic growth through M&A in the next 12 months to accelerate growth.

Feb 17, 2026, 1:30 PM

Transcript

CEVA Announces Q4 and Full Year 2025 Financial Results

CEVA

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

CEVA Inc. reported record total revenue of $31.3 million for Q4 2025, up 7% year-over-year, and $109.6 million for the full year 2025, an increase of 2%.
For Q4 2025, the company achieved non-GAAP net income of $4.9 million and non-GAAP diluted income per share of $0.18.
For the full year 2025, non-GAAP net income increased 20% year-over-year to $10.8 million, with non-GAAP diluted earnings per share growing 17% to $0.42.
Operational highlights include a strategic NPU licensing agreement with a leading PC OEM and record shipments of 2.1 billion Ceva-powered devices for the full year 2025.
The company also strengthened its balance sheet by raising approximately $63 million net through a follow-on offering.

Feb 17, 2026, 12:00 PM

8-K

Ceva, Inc. Announces Fourth Quarter and Full Year 2025 Financial Results

CEVA

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Ceva, Inc. reported record fourth-quarter revenue of $31.3 million, an increase of 7% year-over-year, contributing to a full-year 2025 total revenue of $109.6 million, up 2%.
The company secured a strategic NPU licensing agreement with a leading PC OEM, selecting NeuPro™ NPUs as foundational IP for next-generation on-device AI compute architecture.
Non-GAAP diluted income per share for Q4 2025 was $0.18, and full-year 2025 non-GAAP diluted earnings per share increased 17% to $0.42.
Ceva strengthened its balance sheet by raising approximately $63 million net through a successful follow-on offering.

Feb 17, 2026, 12:00 PM

Press Release

CEVA Highlights Breakthrough Year for AI Licensing in 2025

CEVA

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

2025 marked a breakthrough year for CEVA's artificial intelligence (AI) licensing business, with AI contributing more than 20% of annual licensing revenue. This represents a material shift in revenue mix and a significant inflection point for the company's AI business.
The company signed 10 NeuPro™ neural processing unit (NPU) agreements in 2025, including a strategic license with a leading PC original equipment manufacturer and a comprehensive portfolio license with Microchip Technology.
These NPU licenses, along with multiple AI Digital Signal Processor (DSP) agreements, span diverse markets such as PC, automotive, consumer, and industrial.
Six customers are expected to have silicon back by the end of 2026, providing increasing visibility into future deployments and royalty ramps. CEVA expects to build on this momentum in 2026.

Feb 17, 2026, 12:00 PM

Press Release

CEVA Integrates AI DSP into NXP Processors for Software-Defined Vehicles

CEVA

Product Launch

New Projects/Investments

Ceva, Inc. announced that NXP® Semiconductors has integrated Ceva's AI DSP into its S32Z2 and S32E2 processors.
This integration enables predictive analytics, energy management, and intelligent control for next-generation software-defined vehicles, facilitating real-time decision-making and intelligent perception.
The collaboration addresses the rapidly growing software-defined vehicle market, which is projected to expand from $213.5 billion in 2024 to over $1.2 trillion by 2030.

Jan 6, 2026, 12:01 PM

Press Release

CEVA Announces Commencement of Public Offering

CEVA

New Projects/Investments

Share Buyback

CEVA, Inc. announced the commencement of an underwritten public offering of 3,000,000 shares of its common stock.
The company has granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of common stock.
The principal purposes of this offering are to increase financial flexibility, obtain additional capital, and increase its public float.
CEVA intends to use the net proceeds to fund potential acquisitions of, or investments in, complementary technologies or businesses, and may also use them for working capital, capital expenditures, share repurchases, and other general corporate purposes.

Nov 19, 2025, 1:30 PM

8-K

CEVA Announces Pricing of Public Common Stock Offering

CEVA

New Projects/Investments

CEVA, Inc. announced the pricing of an underwritten public offering of 3,000,000 shares of its common stock at a price of $19.50 per share, expecting to generate approximately $58.5 million in gross proceeds.
The company has granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of common stock.
The proposed offering is anticipated to close on November 20, 2025, with the primary goals of increasing CEVA's financial flexibility, obtaining additional capital, and increasing its public float.
CEVA intends to use the net proceeds to fund potential acquisitions or investments in complementary technologies or businesses, as well as for working capital, capital expenditures, share repurchases, and other general corporate purposes.