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Sep 30
Ceva Q3 2025 Earnings Report
Ceva posted a net loss in Q3 2025 despite a year-over-year increase in total revenue and strong licensing activity, with AI processor licensing playing a major role.
Key Takeaways
Ceva reported $28.4 million in revenue for Q3 2025, a 4% increase year-over-year. The company recorded a GAAP net loss of $2.5 million, while non-GAAP EPS reached $0.11. AI processor licensing made up about one-third of licensing revenue, and wireless IoT shipments hit a record high at 579 million units.
Total revenue reached $28.4 million, up from $27.2 million in Q3 2024
GAAP net loss was $2.5 million, while non-GAAP net income was $2.7 million
AI processor licensing contributed around one-third of licensing revenue
Record 579 million Ceva-powered devices shipped, driven by Wi-Fi 6 and cellular IoT
Ceva
Ceva
Ceva Revenue by Segment
Revenue by Segment
Licensing Revenue
CapyFin.comRoyalty Revenue
CapyFin.com Forward Guidance
Ceva anticipates continued growth supported by AI processor licensing momentum and record wireless IoT demand, while remaining focused on managing expenses.
Positive Outlook
- Strong visibility into future revenue from multi-year AI licensing deals
- Record shipments in cellular IoT and Wi-Fi 6 strengthen royalty base
- Portfolio license agreement with Microchip for full NeuPro NPU family
- New connectivity wins for Wi-Fi 7 and Bluetooth High Data Throughput
- AI processor licensing now a significant revenue driver
Challenges Ahead
- GAAP net loss increased year-over-year
- Operating loss of $2.1 million for the quarter
- Sequential decline in cash and cash equivalents
- Year-to-date share repurchase outflow of $7.2 million may impact liquidity
- High R&D expenses continue to weigh on profitability
Revenue & Expenses
Visualization of income flow from segment revenue to net income