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Ceva revenue rockets 13% to $29 million
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Ceva revenue rockets 13% to $29 million

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  • Ceva reported Q2 2026 revenue of $29 million, up 13% year over year, driven by higher licensing and related revenue.
  • GAAP net loss narrowed to $2.9 million, while non-GAAP operating income increased to $3.1 million.
  • Ceva signed ten IP licensing agreements during the quarter and expanded its AI and connectivity customer base.

Ceva (NASDAQ:CEVA) revealed Q2 2026 revenue of $29 million, up 13% year over year, as licensing and related revenue increased to $18.2 million.

Revenue growth compared with Q2 2025 was driven by higher intellectual property licensing activity, while royalty revenue reached $10.8 million, up 1% year over year and 17% sequentially.

Ceva signed ten IP licensing agreements during the quarter, including two agreements with first-time customers and two direct original equipment manufacturer deals, while GAAP gross margin reached 87%.

Ceva’s non-GAAP operating income increased to $3.1 million, representing an 11% margin, compared with $0.8 million and a 3% margin in the same period last year, while non-GAAP net income reached $2.3 million.

The company said a global AI and computing platform company selected its NeuPro-M neural processing unit intellectual property as part of its expanding AI-related customer base.

Ceva ended June 30, 2026 with approximately $220.7 million in cash, cash equivalents, marketable securities and short-term deposits as it continued investing in semiconductor IP development.