CEVA, Inc. (CEVA) Stock

CEVA, Inc. (CEVA) is a Technology stock trading at $28.11 (as of 2026-08-20), with a market capitalization of $791.41M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

CEVA, Inc. licenses wireless connectivity and smart sensing technologies to semiconductor and original equipment manufacturers. Its offerings include digital signal and AI processor IP, wireless platforms, and related software for uses such as sensor fusion, imaging/computer vision, audio and voice, and low-power always-on sensing across mobile, IoT, and infrastructure markets.

Understand CEVA, Inc.: how it makes money

CEVA licenses wireless connectivity and smart sensing technology (including digital signal processor and AI processor designs, plus complementary software) to semiconductor and OEM customers, and it makes money primarily from licensing and royalties tied to customer adoption and product shipments.

CEVA's profit engine is technology adoption by chip and OEM customers, which converts its licensed IP into licensing and royalty revenue as those customers build and ship CEVA-powered products.

Business quality (Weak): The model can generate very high gross profit (86.2% gross margin), but the latest quarter shows an operating loss (operating margin -18.8%), so operating expense levels and the mix of licensing versus engineering revenue are key swing factors.

Bull case

  • Broad IP footprint across wireless connectivity and smart sensing (DSP, AI processors, and related software), which can support multiple customer product cycles: If more customer designs adopt CEVA IP, that can drive licensing and royalty activity tied to shipments.
  • Royalties and licensing create a linkage between CEVA technologies and downstream device volumes: Tracking CEVA-Powered Smart Edge Device Shipments helps gauge the scale of installed adoption.

Bear case

  • Operating profitability is not assured even with strong gross margin: In the latest quarter, operating margin was -18.8%, indicating operating expenses outweighed gross profit.
  • Revenue visibility can be sensitive to whether IP licensing converts into ongoing royalty-bearing shipments: If customer adoption slows, licensing and royalty revenue (including royalties tied to categories like base station and IoT) may not keep pace with costs.
Valuation — source: SEC EDGAR (first-party)
Price$28.11
Market Cap$791.41M
Price / Book2.33
Price / Sales6.84
FCF Yield-0.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$109.60M
Net Margin-9.7%
Revenue Growth (YoY)13.1%
EPS Growth (YoY)-33.3%
FCF Growth (YoY)955.1%
Financial Health — source: SEC EDGAR
Altman Z-Score10.01 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($55.18M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOAmir Panush
Employees406
CountryUS
IPO Date2002-11-01

Related Companies (Business model: SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)

  • Taboola.com Ltd. (TBLA)
  • Nextdoor Holdings, Inc. (NXDR)
  • EverQuote, Inc. (EVER)
  • Sabre Corporation (SABR)
  • HealthStream, Inc. (HSTM)
  • Rackspace Technology, Inc. (RXT)
  • Viant Technology Inc. (DSP)
  • PubMatic, Inc. (PUBM)
CEVA earnings history · CEVA institutional & insider holders · CEVA KPIs & operating metrics · CEVA financials · CEVA investor presentations & press releases · CEVA SEC filings · CEVA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.