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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
CEVA, Inc. is a global provider of intellectual property (IP) for advanced wireless connectivity and intelligent sensing solutions, serving semiconductor manufacturers and original equipment manufacturers (OEMs). The company specializes in developing and licensing a broad range of digital signal processors (DSPs), AI accelerators, wireless communication platforms, and complementary software. These offerings are engineered to support applications such as sensor data integration, image enhancement, machine vision, voice command processing, and artificial intelligence.
How they make money
Ceva operates a licensing and royalty business model where it licenses its proprietary silicon and software IP platforms to semiconductor and OEM companies. The company generates revenue through upfront licensing fees for the use of its technology and ongoing royalty payments based on the volume of chips shipped by customers that incorporate Ceva's IP.
Products & services
Ceva provides wireless communications, scalable AI, and connectivity IP platforms, including CevaWaves (Bluetooth/WiFi/UWB), PentaG2, SensPro, and NeuPro Studio, designed to power smart edge products.
Brands & revenue mix
CevaWaves
Wireless connectivity IP platform including Bluetooth, WiFi, and UWB.
Separate brand revenue is not available in this research.Source
PentaG2
Platform for cellular and wireless communications.
Separate brand revenue is not available in this research.Source
SensPro
Sensor hub DSP architecture.
Separate brand revenue is not available in this research.Source
NeuPro Studio
AI processor architecture and software suite.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customers based in Europe, the Middle East, and Asia Pacific accounted for 82% of total revenues for 2025, with China alone accounting for 62% of total revenues.
Suppliers, materials & equipment
Semiconductor and OEM supply chain — Ceva relies on a wide range of third-party suppliers and foundries used by its customers to manufacture chipsets containing Ceva IP; specific supplier names are not disclosed.Source
Business relationships & partnerships
CEVAnet — A third-party network of developers and technology providers that offer complementary offerings for Ceva's communication processors.Source
Strengths
Leadership in innovative silicon and software IP solutions across connectivity, perception, and intelligence layers.Source
Risks
High geographic concentration of revenue in China and the Asia Pacific region.Source
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Diluted weighted-average shares increased 17.1% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Total debt increased 299.2% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
26
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
29
Poor
Financial Strength
21
Business Quality / Moat
18
Management
40
Growth Quality
55
Risk / Durability
23
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
37
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
46/100
Building Historical Record
Model Score 46/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Recent buyback activity is present
What to watch
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for CEVA
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can CEVA maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is CEVA's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•How is CEVA likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What specifically needs to improve for CEVA to reach sustainable profitability?
•What future growth or profitability would be needed to justify CEVA's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CEVA
Detected from reported data — verify before acting.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on CEVA.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Leadership in innovative silicon and software IP solutions across connectivity, perception, and intelligence layers.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Semiconductors industry.
−High geographic concentration of revenue in China and the Asia Pacific region.
−Diluted weighted-average shares increased 17.1% year over year.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Weak26/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Poor
30
Debt Cost—
Debt Reduction YoY-448.8%
Debt / Equity0.09x
Tap for breakdown →
Revenue
Poor
12
Revenue YoY5.6%
Revenue CAGR6.1%
Net Margin-9.5%
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Asset
Fair
59
Asset Growth YoY25.7%
Liquidation/Share$14.00
Net Assets/MCap0.38x
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Capital
Poor
5
Earnings Yield-1.1%
Buyback Yield0.7%
Debt Cost—
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Management
Weak
40
ROIC-3.6%
ROE-3.2%
ROA-2.8%
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Moat
Poor
18
EPS Growth—
FCF/Share Growth-30.6%
Rev/Share Growth0.7%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Poor
27
Revenue12
Moat18
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Weak
44
Interest Coverage—
ROIC-3.6%
FCF Yield0.1%
Tap for breakdown →
Master
Poor
31
Financial44
Valuation0
Debt30
Tap for breakdown →
Resilience
Strong
76
Survival Years2.1 yrs
Current Ratio9.93x
FCF Margin0.5%
Tap for breakdown →
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Score Changes
5 historical score records available
Previous Score
27
Sep 14, 2026
Change
-0.4
points
Current Score
26
Oct 1, 2026
Category Changes
Revenue-0.3
Debt0
Assets-3.3
Capital-1.0
Management0
Moat0
Valuation0
Buffett-0.6
CEVA decreased 0.4 points because Asset declined by 3.3 points.
Negative Contributors
− Asset declined by 3.3 points
Projected Score
Projected Score
27
Projected Change
+0.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 0.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$31.45
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$115.7M
$109.6M
$106.9M
$97.4M
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····
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····
····
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Cost of Revenue
$14.6M
$14.2M
$12.8M
$11.6M
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····
····
····
····
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Gross Profit
$101.1M
$95.4M
$94.2M
$85.8M
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····
····
····
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Research & Development
$77.6M
$74.8M
$71.6M
$72.7M
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····
····
····
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SG&A Expenses
$32.7M
$31.4M
$29.5M
$26.0M
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····
····
····
····
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Operating Expenses
$110.7M
$106.8M
$101.7M
$99.2M
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····
····
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EBITDA
-$971K
-$554K
$1.4M
-$3.3M
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····
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····
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Operating Income
-$9.6M
-$11.3M
-$7.5M
-$13.5M
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····
····
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Interest Expense
$0.00
$0.00
$0.00
$0.00
····
····
····
····
····
····
····
Income Before Tax
-$4.0M
-$4.7M
-$2.8M
-$8.2M
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····
····
····
····
····
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Income Tax Expense
$7.0M
$5.9M
$6.0M
$10.2M
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····
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Net Income
-$11.0M
-$10.6M
-$8.8M
-$11.9M
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Basic EPS
$-0.40
$-0.44
$-0.37
$-0.51
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Basic Shares
28.00M
24.30M
23.61M
23.48M
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····
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Diluted Shares
28.00M
24.30M
23.61M
23.48M
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····
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Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Cash position grew
What Weakened
Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels, net income margin. Pressure indicators included EPS growth, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 13.1%. EPS declined 33.3%. Cash increased 52.3%. Total debt increased 299.2%. Net income margin improved by 4.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.