Ceva announces Q3 adjusted EPS of 11 cents, surpassing consensus of 10 cents
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 10 2025
0mins
Should l Buy CEVA?
Q3 Financial Performance: Ceva reported Q3 revenue of $28.4M, surpassing the consensus estimate of $28.04M, with a non-GAAP gross margin of 89%, up from 87% in the previous year.
Strategic Licensing Agreements: The company secured several strategic licensing agreements, including a significant portfolio license for its NeuPro NPU family with Microchip, enhancing its position in wireless connectivity and AI expansion.
Growth in AI and Wireless IoT: Ceva's AI processor licensing is contributing significantly to its revenue, and wireless IoT shipments are at record highs, positioning the company for sustainable growth.
Focus on Physical AI: Ceva aims to lead in enabling Physical AI at the edge, reinforcing its role as a foundational technology provider for intelligent, connected devices.
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Analyst Views on CEVA
Wall Street analysts forecast CEVA stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 20.090
Low
33.00
Averages
36.00
High
40.00
Current: 20.090
Low
33.00
Averages
36.00
High
40.00
About CEVA
Ceva, Inc. is a licensor of silicon and software intellectual property (IP). The Company addresses the requirements of the consumer, industrial, infrastructure, automotive, mobile and PC markets by designing and licensing a range of processors, platforms, software and solutions which streamline the design of products for developing a variety of application specific solutions that address the connect, sense and infer use cases of smart edge devices. The Company's connect products include 5G/5G-A Baseband Platform (PentaG2), OpenRAN Platform, Cellular Internet of Things (IoT) (Ceva-Waves DragonFly) and Ultra-Wideband Platform (Ceva-Waves UWB). Its sense products include Vision/AI DSP, Audio and Control DSP, Neural-network-based noise cancellation, and Spatial Audio & Head Tracking. Its infer products include NPU IP for Generative AI, NPU IP for Embedded AI and AI SDK. It delivers its platforms, AI and sensor fusion DSPs and NPUs in the form of a hardware description language definition.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ceva Stock Faces Structural Weakness in Phase 18
- Phase Analysis: Ceva is currently in Phase 18 of the Adhishthana cycle, with shares declining over 40% since entering this phase, indicating persistent structural weakness and reflecting market pessimism about its future performance.
- Guna Triad Structure: Under the Adhishthana framework, Ceva's Phases 14, 15, and 16 were characterized by range-bound activity and sluggish price action, lacking the Satoguna characteristics necessary to support expansion in Phase 18, significantly reducing the probability of a bullish move.
- Investor Outlook: With a weak triad formation preceding it, Phase 18 has thus far delivered corrections rather than expansions, leading investors to approach aggressive bullish positions with caution and suggesting a reassessment under more favorable market conditions.
- External Pressures: Recent target cuts from research institutions have added to the cautious sentiment surrounding Ceva's stock, with the current environment favoring consolidation over momentum-driven movements, prompting investors to monitor for future structural improvements.
See More
Ceva to Participate in Multiple Upcoming Investor Conferences
- Investor Conference Schedule: Ceva will showcase its strategy and growth opportunities in Physical AI at the Mobile World Congress in Barcelona from March 2-5, 2026, which is expected to attract significant attention from industry investors.
- Industry Event Participation: Following this, Ceva will participate in the Embedded World 2026 in Nuremberg, Germany from March 10-12, further solidifying its market position in smart edge technology.
- One-on-One Meeting Opportunities: At the Loop Capital Markets 7th Annual Investor Conference and Stifel NYC Technology One-on-One Conference on March 10, 2026, Ceva will offer one-on-one meetings with its management team, aiming to deepen engagement and communication with investors.
- Strategic Showcase Platform: Ceva will further demonstrate its technological prowess at the 38th Annual ROTH Conference on March 23-24, 2026, leveraging this opportunity to strengthen relationships with potential investors and showcase its leadership in smart edge products.
See More
CEVA Reports Record Q4 2025 Revenue and Strategic AI Breakthrough
- Record Revenue: CEVA achieved an all-time high revenue of $31.3 million in Q4 2025, reflecting a 7% year-over-year and 10% sequential increase, showcasing the company's strong execution in wireless connectivity and AI, thereby reinforcing its market leadership.
- Licensing Revenue Growth: The company reported an 11% year-over-year increase in licensing revenue to $17.5 million, indicating robust demand across multiple markets, particularly in Wi-Fi 7 and combo connectivity, highlighting CEVA's technological diversity and market adaptability.
- Optimistic Outlook: Management anticipates total revenue growth of 8% to 12% in 2026, with non-GAAP net income expected to rise by 35% to 40% year-over-year, indicating that ongoing investments in AI and Physical AI will drive future growth.
- Record Device Shipments: CEVA powered 2.1 billion devices in 2025, with Wi-Fi shipments growing 48% year-over-year, demonstrating the company's strong performance in the rapidly expanding Smart Edge market.
See More
CEVA Reports Q4 Earnings Exceeding Expectations
- Earnings Highlights: CEVA's Q4 non-GAAP EPS stands at $0.18, aligning with expectations, while revenue hits $31.29 million, reflecting a 7.1% year-over-year increase and surpassing estimates by $0.26 million, indicating stable market performance.
- Licensing Revenue Growth: The company reports licensing and related revenue of $17.5 million, an 11% increase year-over-year, demonstrating sustained demand for CEVA's technology licensing and enhancing revenue diversification.
- Royalty Revenue Performance: Royalty revenue reaches $13.8 million, up 2%, marking the strongest quarterly royalty performance in over four years, showcasing CEVA's competitive edge in its core technology sectors.
- Balance Sheet Strengthening: CEVA successfully raised approximately $63 million net through a follow-on offering, further strengthening its balance sheet and providing financial support for future investments and expansion.
See More
CEVA Set to Announce Q4 Earnings with Significant Growth Expectations
- Earnings Announcement: CEVA is set to release its Q4 earnings on February 16 before market open, with a consensus EPS estimate of $0.18, reflecting a substantial year-over-year growth of 357.1%, which could enhance investor confidence and drive stock price appreciation.
- Revenue Expectations: The anticipated Q4 revenue is $31.03 million, representing a 6.3% year-over-year increase, indicating the company's stable performance in the market and potentially attracting more investor interest in its future growth prospects.
- Performance Prediction Trends: Over the past two years, CEVA has beaten EPS and revenue estimates 50% of the time; however, in the last three months, both EPS and revenue estimates have seen two downward revisions, reflecting a cautious market outlook on its short-term performance.
- Public Offering Plan: CEVA has announced an underwritten public offering of 3 million shares of common stock, which may provide the company with additional funding support to drive its future growth strategies.
See More
Key Wall Street Rating Changes Overview
- Shopify Upgrade: MoffettNathanson upgraded Shopify from neutral to buy, citing an attractive entry point due to market fears surrounding software companies, and believes Shopify will emerge as a long-term winner in the AI commerce landscape.
- Nvidia Outlook: Bernstein reiterated Nvidia as outperform, emphasizing that the AI growth trend remains robust, particularly in the AI compute sector, suggesting continued benefits for Nvidia and its peers.
- Thomson Reuters Upgrade: RBC upgraded Thomson Reuters from sector perform to outperform, indicating that the company's potential in the AI space will drive a rebound in stock price, creating an asymmetric upside opportunity in a complex market.
- Micron Price Target Increase: Deutsche Bank raised Micron's price target from $300 to $500 per share, asserting that the current market environment remains favorable for Micron's performance in the upcoming quarters, indicating strong growth potential.
See More
Ceva Stock Faces Structural Weakness in Phase 18
- Phase Analysis: Ceva is currently in Phase 18 of the Adhishthana cycle, with shares declining over 40% since entering this phase, indicating persistent structural weakness and reflecting market pessimism about its future performance.
- Guna Triad Structure: Under the Adhishthana framework, Ceva's Phases 14, 15, and 16 were characterized by range-bound activity and sluggish price action, lacking the Satoguna characteristics necessary to support expansion in Phase 18, significantly reducing the probability of a bullish move.
- Investor Outlook: With a weak triad formation preceding it, Phase 18 has thus far delivered corrections rather than expansions, leading investors to approach aggressive bullish positions with caution and suggesting a reassessment under more favorable market conditions.
- External Pressures: Recent target cuts from research institutions have added to the cautious sentiment surrounding Ceva's stock, with the current environment favoring consolidation over momentum-driven movements, prompting investors to monitor for future structural improvements.
See More
Ceva to Participate in Multiple Upcoming Investor Conferences
- Investor Conference Schedule: Ceva will showcase its strategy and growth opportunities in Physical AI at the Mobile World Congress in Barcelona from March 2-5, 2026, which is expected to attract significant attention from industry investors.
- Industry Event Participation: Following this, Ceva will participate in the Embedded World 2026 in Nuremberg, Germany from March 10-12, further solidifying its market position in smart edge technology.
- One-on-One Meeting Opportunities: At the Loop Capital Markets 7th Annual Investor Conference and Stifel NYC Technology One-on-One Conference on March 10, 2026, Ceva will offer one-on-one meetings with its management team, aiming to deepen engagement and communication with investors.
- Strategic Showcase Platform: Ceva will further demonstrate its technological prowess at the 38th Annual ROTH Conference on March 23-24, 2026, leveraging this opportunity to strengthen relationships with potential investors and showcase its leadership in smart edge products.
See More
CEVA Reports Record Q4 2025 Revenue and Strategic AI Breakthrough
- Record Revenue: CEVA achieved an all-time high revenue of $31.3 million in Q4 2025, reflecting a 7% year-over-year and 10% sequential increase, showcasing the company's strong execution in wireless connectivity and AI, thereby reinforcing its market leadership.
- Licensing Revenue Growth: The company reported an 11% year-over-year increase in licensing revenue to $17.5 million, indicating robust demand across multiple markets, particularly in Wi-Fi 7 and combo connectivity, highlighting CEVA's technological diversity and market adaptability.
- Optimistic Outlook: Management anticipates total revenue growth of 8% to 12% in 2026, with non-GAAP net income expected to rise by 35% to 40% year-over-year, indicating that ongoing investments in AI and Physical AI will drive future growth.
- Record Device Shipments: CEVA powered 2.1 billion devices in 2025, with Wi-Fi shipments growing 48% year-over-year, demonstrating the company's strong performance in the rapidly expanding Smart Edge market.
See More
CEVA Reports Q4 Earnings Exceeding Expectations
- Earnings Highlights: CEVA's Q4 non-GAAP EPS stands at $0.18, aligning with expectations, while revenue hits $31.29 million, reflecting a 7.1% year-over-year increase and surpassing estimates by $0.26 million, indicating stable market performance.
- Licensing Revenue Growth: The company reports licensing and related revenue of $17.5 million, an 11% increase year-over-year, demonstrating sustained demand for CEVA's technology licensing and enhancing revenue diversification.
- Royalty Revenue Performance: Royalty revenue reaches $13.8 million, up 2%, marking the strongest quarterly royalty performance in over four years, showcasing CEVA's competitive edge in its core technology sectors.
- Balance Sheet Strengthening: CEVA successfully raised approximately $63 million net through a follow-on offering, further strengthening its balance sheet and providing financial support for future investments and expansion.
See More
CEVA Set to Announce Q4 Earnings with Significant Growth Expectations
- Earnings Announcement: CEVA is set to release its Q4 earnings on February 16 before market open, with a consensus EPS estimate of $0.18, reflecting a substantial year-over-year growth of 357.1%, which could enhance investor confidence and drive stock price appreciation.
- Revenue Expectations: The anticipated Q4 revenue is $31.03 million, representing a 6.3% year-over-year increase, indicating the company's stable performance in the market and potentially attracting more investor interest in its future growth prospects.
- Performance Prediction Trends: Over the past two years, CEVA has beaten EPS and revenue estimates 50% of the time; however, in the last three months, both EPS and revenue estimates have seen two downward revisions, reflecting a cautious market outlook on its short-term performance.
- Public Offering Plan: CEVA has announced an underwritten public offering of 3 million shares of common stock, which may provide the company with additional funding support to drive its future growth strategies.
See More
Key Wall Street Rating Changes Overview
- Shopify Upgrade: MoffettNathanson upgraded Shopify from neutral to buy, citing an attractive entry point due to market fears surrounding software companies, and believes Shopify will emerge as a long-term winner in the AI commerce landscape.
- Nvidia Outlook: Bernstein reiterated Nvidia as outperform, emphasizing that the AI growth trend remains robust, particularly in the AI compute sector, suggesting continued benefits for Nvidia and its peers.
- Thomson Reuters Upgrade: RBC upgraded Thomson Reuters from sector perform to outperform, indicating that the company's potential in the AI space will drive a rebound in stock price, creating an asymmetric upside opportunity in a complex market.
- Micron Price Target Increase: Deutsche Bank raised Micron's price target from $300 to $500 per share, asserting that the current market environment remains favorable for Micron's performance in the upcoming quarters, indicating strong growth potential.
See More
