Ceva, Inc. Reports $49.9 Million in Revenues for First Half of 2025, Faces Net Loss of $7.0 Million

Ceva, Inc. reported total revenues of $49.9 million for the first half of 2025, a slight decrease of 1% compared to $50.5 million in the same period of 2024. The company experienced a 10% decline in revenues for the second quarter, totaling $25.7 million, primarily due to lower licensing and related revenues. Licensing and related revenues for the first half of 2025 increased by 5% to $30.1 million, while royalty revenues decreased by 9% to $19.9 million. The net loss for the first half of 2025 was $7.0 million, compared to a loss of $5.7 million in the prior year, resulting in a basic and diluted net loss per share of $0.30.

In terms of operational changes, Ceva's customer base has diversified, with its five largest customers accounting for 42% of total revenues in the first half of 2025, down from 66% in the same period of 2024. The company secured thirteen new IP licensing agreements in the second quarter, including four significant deals for its NeuPro family of AI neural processing units (NPUs), indicating a pivotal moment for its AI business. The company also noted strong interest in its wireless communication technologies, particularly in the Bluetooth and Wi-Fi segments, which are expected to see substantial growth in the coming years.

Geographically, Ceva's revenues were primarily driven by the Asia Pacific region, which accounted for $37.3 million, or 75% of total revenues for the first half of 2025. The U.S. contributed $9.2 million, while Europe and the Middle East accounted for $3.6 million. The company reported a total employee headcount of 404 as of June 30, 2025, a slight decrease from 407 in the previous year, reflecting ongoing adjustments in its workforce to align with business needs.

Looking ahead, Ceva anticipates continued growth in its licensing and royalty revenues, particularly in the industrial IoT and consumer IoT markets. The company has lowered its revenue guidance for 2025 to a low-single-digit growth range, citing macroeconomic uncertainties and potential impacts on customer demand. Despite these challenges, Ceva remains optimistic about its long-term growth prospects, driven by its innovative product portfolio and strategic partnerships in the semiconductor industry. The company believes that its focus on connectivity, sensing, and inference technologies positions it well to capitalize on emerging trends in AI and IoT.