Ceva, Inc. reported a total revenue of $56.1 million for the first half of 2026, marking a 12% increase compared to $49.9 million in the same period of 2025. The company’s licensing and related revenues reached $36.0 million, up 20% year-over-year, while royalty revenues totaled $20.0 million, reflecting a 1% increase. In the second quarter alone, revenues were $29.0 million, a 13% rise from $25.7 million in the prior year. Despite these gains, Ceva recorded a net loss of $7.4 million for the first half of 2026, slightly higher than the $7.0 million loss reported in the same period of 2025.

The company experienced notable growth in its licensing segment, with a 21% increase in licensing and related revenues in the second quarter, attributed to a landmark AI licensing agreement with a leading global AI platform and increased adoption of integrated connectivity solutions. Ceva signed ten licensing agreements during the quarter, including two with first-time customers, indicating a broadening customer base and demand for its technologies across various regions, including the U.S., Europe, and Asia-Pacific.

Operationally, Ceva's customer base remains concentrated, with its five largest customers accounting for 55% of total revenues in the second quarter of 2026, compared to 42% in the same period of 2025. The company reported a total of 567 million device shipments in the second quarter, a 16% increase year-over-year, with significant contributions from Bluetooth and Wi-Fi technologies. The company’s market share in the wireless connectivity IP market was reported at 68% in 2024, underscoring its leadership position in this sector.

Ceva's financial position remains stable, with cash and cash equivalents totaling $44.3 million as of June 30, 2026, alongside $171.3 million in marketable securities. The company generated $0.9 million in net cash from operating activities during the first half of 2026, a significant improvement from the $6.2 million used in the same period of 2025. Looking ahead, Ceva anticipates continued growth driven by the increasing demand for Physical AI technologies across various sectors, despite potential macroeconomic challenges and geopolitical uncertainties that could impact customer demand and project timelines.

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.

This description was generated via AI from an annual report. Updated about 1 year ago.

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