Ceva, Inc. filed its third-quarter 2026 earnings press release on November 9, 2026, reporting total revenues of $29.1 million and a sequential royalty revenue increase of 18% for the period ended September 30, 2026.

Key Highlights

  • Total revenues: $29.063 million for Q3 2026, up 2% year over year.
  • Royalty revenues: $12.725 million, up 18% sequentially and 3% year over year.
  • Record AI licensing: AI licensing revenues accounted for more than 35% of total licensing and related revenues, described by the company as an all-time high.
  • Device shipments: 623 million Ceva-powered devices shipped by customers, matching the all-time quarterly record, including record cellular IoT and Wi-Fi 6 shipments.
  • GAAP net loss: $2.301 million, or $0.08 diluted loss per share, compared to a net loss of $2.509 million, or $0.10 per share, in Q3 2025.
  • Non-GAAP net income: $3.8 million, with non-GAAP diluted earnings per share of $0.13, compared to $2.7 million and $0.11 in Q3 2025.
  • IP agreements: 10 IP licensing agreements signed during the quarter, including three with first-time customers, with six covering AI technologies.

Ceva Reports Q3 2026 Financials with Royalty Rebound and AI Licensing Milestone

According to the filing, Ceva, Inc. (NASDAQ:CEVA) reported total revenues of $29.063 million for the three months ended September 30, 2026, a 2% increase compared to $28.384 million in the same period of 2025. Licensing and related revenues were $16.338 million, up from $16.028 million a year earlier, while royalty revenues reached $12.725 million, rising from $12.356 million year over year and from approximately $10.8 million in the prior sequential quarter, representing the 18% sequential gain the company highlighted.

On a GAAP basis, the company disclosed a gross margin of 85%, compared to 88% in Q3 2025, and a GAAP operating loss of $3.516 million versus a loss of $2.084 million in the year-ago period. GAAP net loss was $2.301 million, or $0.08 per diluted share, based on a weighted-average share count of 28.323 million. The filing attributed royalty growth partly to "the ramp of internally developed modems at a major U.S. customer," while noting that "memory-related softness in compute-intensive consumer devices" partially offset gains, according to CFO Yaniv Arieli's comments in the filing.

Non-GAAP gross margin was 86%, non-GAAP operating income was $2.5 million, and non-GAAP net income was $3.8 million, or $0.13 per diluted share. The filing disclosed that 10 IP licensing agreements were signed in the quarter, six of which were for AI technologies, including one targeting AI infrastructure with a new customer. Three of Ceva's highest-volume connectivity customers extended multi-year agreements, with one adding Wi-Fi 6 and Wi-Fi 7 to existing Bluetooth and DSP deployments. For the nine months ended September 30, 2026, total revenues were $85.120 million, compared to $78.307 million in the same period of 2025, and the GAAP net loss was $9.670 million versus $9.540 million.

What Was Disclosed

Ceva disclosed Q3 2026 GAAP and non-GAAP financial results, royalty and licensing revenue breakdowns, device shipment totals, and details of 10 IP licensing agreements signed during the quarter, including six covering AI technologies.