Ceva Inc. reported total revenues of $109.6 million for the fiscal year ending December 31, 2025, marking a 2.5% increase from $106.9 million in 2024. The company's licensing and related revenue rose by 6% to $63.6 million, while royalty revenues decreased by 2% to $46.0 million. The decline in royalty revenue was attributed to softness in the smartphone market and supply chain issues affecting unit shipments. Despite these challenges, Ceva achieved record shipments of 2.1 billion devices, a 6% year-over-year increase, driven by strong demand for Wi-Fi and cellular IoT technologies.
In terms of strategic developments, Ceva signed 54 licensing agreements in 2025, including ten for its NeuPro neural processing units (NPUs), which are increasingly being adopted across various sectors, including consumer electronics and automotive applications. The company also expanded its presence in the Asia-Pacific region, which accounted for 76.7% of total revenues, with China alone contributing 61.9%. This geographic diversification is expected to enhance Ceva's resilience against market fluctuations.
Operationally, Ceva's workforce comprised 424 employees as of December 31, 2025, with 311 in research and development. The company continues to invest heavily in R&D, with expenses rising to $74.8 million, representing 68.3% of total revenues. This investment is crucial for maintaining its competitive edge in the rapidly evolving semiconductor industry, particularly in the areas of connectivity, sensing, and inference technologies.
Looking ahead, Ceva anticipates continued growth driven by the increasing adoption of Physical AI technologies across various markets. The company has adjusted its revenue guidance for 2026 to reflect a more cautious outlook, projecting low-single-digit growth due to ongoing macroeconomic uncertainties and potential impacts on consumer demand. However, the strong pipeline of licensing agreements and the strategic focus on high-growth areas such as AI and advanced connectivity solutions position Ceva for sustained long-term growth.
About CEVA INC
Ceva, Inc. designs and licenses silicon and software intellectual property (IP) solutions that enable smart edge devices to connect, sense, and infer data efficiently. Its product portfolio includes wireless connectivity IP (Bluetooth, Wi-Fi, UWB, 5G), AI neural processing units (NPUs), sensor fusion processors, and embedded software. Serving semiconductor companies and OEMs, Ceva’s IP supports consumer IoT, automotive, industrial, infrastructure, mobile, and PC markets through a licensing and royalty business model.
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