Key Points – Strong second-quarter performance: CEVA reported revenue of $29 million, up 13% year over year, driven by a 21% increase in licensing revenue and a 17% sequential recovery in royalties.
Non-GAAP operating margin expanded to 11% from 3% a year earlier. – Broader technology adoption supported licensing momentum: The company signed 10 agreements, including deals for its NeuPro-M AI processor, Wi-Fi 6 and Bluetooth IP, and a complete wireless baseband subsystem
Management said broader platform agreements could increase deal sizes, future royalties and customer integration. – CEVA raised its 2026 outlook: The company now expects full-year revenue growth of 13% to 15%, up from its prior 12% forecast, with non-GAAP operating income projected to rise about 70% and net income about 50% year over year. – 5 Computer Vision Stocks with a Clear Path to Growth Ceva (NASDAQ:CEVA) reported second-quarter revenue of $29 million, up 13% from a year earlier and 7% sequentially, as licensing activity reached its strongest level in three years and royalty revenue recovered from the prior quarter. Chief Executive Officer Amir Panush said licensing and related revenue rose 21% year over year to $18.2 million, representing 63% of total revenue. Royalty revenue totaled $10.8 million, up from $10.7 million a year earlier and 17% sequentially. “We delivered another strong quarter,” Panush said, citing momentum in wireless connectivity, automotive artificial intelligence programs and smartphone market-share gains.
Broader platform agreements drive licensing activity CEVA signed 10 licensing agreements during the quarter, including two with first-time customers and two directly with original equipment manufacturers. Panush said the company is increasingly seeing customers adopt broader platforms and deeper technology collaborations instead of individual intellectual-property blocks. Among the quarter’s agreements, a global AI and computing platform company selected CEVA’s…