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Dec 31, 2025
Ceva Q4 2025 Earnings Report
Ceva reported a record fourth quarter revenue, driven by strong licensing and royalty performance, and strengthened its balance sheet through a successful follow-on offering.
Key Takeaways
Ceva, Inc. announced record financial results for the fourth quarter and full year ended December 31, 2025. The company achieved its highest quarterly revenue in history, driven by a strategic NPU licensing agreement and strong demand across AI, connectivity, and sensing. Full-year results also showed growth in total revenue, licensing revenue, and record device shipments.
Ceva completed a strategic NPU licensing agreement with a leading PC OEM, positioning NeuPro™ NPUs as foundational IP for next-generation on-device AI compute architecture.
The company reported record total revenue of $31.3 million for the fourth quarter, marking a 10% sequential and 7% year-over-year increase.
Licensing and related revenue grew to $17.5 million, up 11%, while royalty revenue increased to $13.8 million, up 2%, representing the strongest quarterly royalty performance in over four years.
Ceva strengthened its balance sheet by raising approximately $63 million net through a successful follow-on offering.
Revenue by Segment
Forward Guidance
The company anticipates continued growth and market share gains in 2026, driven by its leadership in connectivity, sensing, and inference, and the increasing adoption of Physical AI.
Positive Outlook
- Ceva expects to capitalize on the industry's transition towards Physical AI, leveraging its leadership in connectivity, sensing, and inference.
- The strategic NPU licensing agreement with a leading PC OEM is expected to drive future growth in on-device AI compute architecture.
- Diversified multi-IP engagements are building a growing licensing and royalty flywheel, supporting sustained value creation.
- The strengthened balance sheet provides financial flexibility to support future growth initiatives.
- Continued market share gains by Ceva customers in smart edge markets are expected to contribute to revenue growth.
Challenges Ahead
- Intense industry competition could impact market share and profitability.
- The lengthy sales cycle for IP and related solutions may affect revenue recognition timelines.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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