PR Newswire·Nov 9, 2026, 7:00 AM ET

Ceva, Inc. Announces Third Quarter 2026 Financial Results

Ceva reported Q3 2026 total revenues of $29.1 million, a 2% increase year-over-year.
Royalty revenue reached $12.7 million, representing an 18% sequential increase & a 3% year-over-year rise.
AI licensing revenue hit a record high, accounting for over 35% of total licensing & related revenues.
Customers shipped a record 623 million Ceva-powered devices, matching the all-time quarterly high.
A major U.S. customer's internally developed modem ramp is creating a multi-year smartphone royalty opportunity extending through 2027 & beyond.
The company signed 10 new IP licensing agreements, including three with first-time customers & six focused on AI technologies.
Non-GAAP diluted earnings per share were $0.13, compared to $0.11 in the same period last year.
GAAP operating loss was $3.5 million, an increase from $2.1 million in Q3 2025.
Non-GAAP operating income was $2.5 million, down from $3.1 million in the prior year quarter.
GAAP gross margin was 85%, while non-GAAP gross margin was 86%.
The CFO noted royalty growth was led by modem ramp & IoT strength, partially offset by softness in memory-related consumer devices.
A significant multi-year connectivity agreement expected in Q3 was signed early in Q4 2026.