The licensing surge to a three-year high, driven by AI and connectivity deals, signals a fundamental demand inflection for Ceva's IP. The NeuPro-M deal expands the addressable customer base. Watch the conference call for licensing pipeline comments and Q3 guidance.
Price Chart
Executive Summary
Ceva reported Q2 2026 revenue of $29.0M (+13% YoY) and non-GAAP EPS of $0.08, compared to consensus of $0.07 — a 14.3% beat on Street-tracked non-GAAP EPS. Licensing and related revenue hit $18.2M, the highest in three years, with ten new IP licensing agreements including a key NeuPro-M NPU win at a leading AI/computing platform company. The strong licensing performance and improving operating leverage (non-GAAP operating margin 11% vs 3% a year ago) signal a material inflection in the business.
Key Financial Metrics
Key Facts
- Total revenue $29.0M, up 13% YoY
- Licensing & related revenue $18.2M, up 21% YoY and highest in three years
- Non-GAAP diluted EPS $0.08 vs consensus $0.07 (beat by 14.3%)
- Non-GAAP operating income $3.1M vs $0.8M YoY; margin expanded from 3% to 11%
- Ten IP licensing agreements signed, including two first-time customers and two direct OEM deals
- NeuPro-M NPU IP selected by a leading global AI and computing platform company
- Royalty revenue $10.8M, up 1% YoY and 17% sequentially
- GAAP net loss improved to ($2.9M) from ($3.7M) YoY
Financial Impact
Revenue $29.0M, non-GAAP net income $2.3M ($0.08/share)
Risk Factors
- Licensing revenue lumpiness may not sustain quarterly growth
- GAAP net loss persists despite non-GAAP profitability
- Geopolitical risks and trade disruptions could impact customer activity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302846590 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | 8-K | $31.92 $28.24 | ▼ −11.53% | ▼ −10.61% | $37.10 (+16.23%) |
Aug 10, 2026 7w ago | Press Release | $31.92 $28.24 | ▼ −11.53% | ▼ −10.61% | $37.10 (+16.23%) |
May 26, 2026 18w ago | DEFA14A | $41.79 $44.64 | ▲ +6.81% | ▲ +8.76% | $37.10 (−11.22%) |
Apr 20, 2026 23w ago | DEFA14A | $24.67 $36.59 | ▲ +48.32% | ▲ +43.40% | $37.10 (+50.39%) |
Apr 20, 2026 23w ago | 8-K | $24.67 $36.59 | ▲ +48.32% | ▲ +43.40% | $37.10 (+50.39%) |
US Market Status
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