Ceva, Inc. — Third Quarter 2026 Earnings Summary

Ceva, Inc. reported third-quarter 2026 total revenues of $29.1 million, representing a 2% year-over-year increase, driven by $12.7 million in royalty revenues that grew 18% sequentially. The company achieved record AI licensing revenues, which accounted for more than 35% of total licensing and related revenues, while customer shipments of Ceva-powered devices reached an all-time quarterly record of 623 million. Despite the revenue growth, the company reported a GAAP net loss of $2.3 million, contrasting with a non-GAAP net income of $3.8 million. Management highlighted a multi-year smartphone modem ramp and expanded AI infrastructure agreements as key drivers for future royalty growth through 2027 and beyond.