CEVA Inc
NASDAQ:CEVA
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CEVA Inc
CEVA, Inc. engages in the licensing of signal processing platforms and artificial intelligence processors to chip manufacturers. The company is headquartered in Rockville, Maryland and currently employs 476 full-time employees. The company went IPO on 2002-11-01. The firm offers digital signal processors, artificial intelligence (AI) processors, wireless platforms and complementary software for sensor fusion, image enhancement, computer vision, voice input and AI. The Company’s customers include semiconductor and original equipment manufacturer (OEM) companies focused on a range of cellular and Internet-of-things (IoT) end markets, including a base station, mobile, personal computer, consumer, automotive, robotics, industrial, aerospace and defense, and medical. Its portfolio also includes a range of application software optimized for its processors, including voice front-end processing and speech recognition, imaging and computer vision and sensor fusion. The Company’s smart sensing portfolio includes advanced technologies for cameras, microphones, sensor hubs and inertial measurement units (IMU).
CEVA, Inc. engages in the licensing of signal processing platforms and artificial intelligence processors to chip manufacturers. The company is headquartered in Rockville, Maryland and currently employs 476 full-time employees. The company went IPO on 2002-11-01. The firm offers digital signal processors, artificial intelligence (AI) processors, wireless platforms and complementary software for sensor fusion, image enhancement, computer vision, voice input and AI. The Company’s customers include semiconductor and original equipment manufacturer (OEM) companies focused on a range of cellular and Internet-of-things (IoT) end markets, including a base station, mobile, personal computer, consumer, automotive, robotics, industrial, aerospace and defense, and medical. Its portfolio also includes a range of application software optimized for its processors, including voice front-end processing and speech recognition, imaging and computer vision and sensor fusion. The Company’s smart sensing portfolio includes advanced technologies for cameras, microphones, sensor hubs and inertial measurement units (IMU).
Revenue Beat: CEVA reported Q3 revenue of $28.4 million, up 4% year-over-year and 11% sequentially, exceeding expectations.
AI Licensing Growth: AI processor licensing made up about one third of total licensing revenue for the second consecutive quarter and is becoming a major driver for the business.
Key Win: Microchip adopted CEVA’s full NeuPro NPU portfolio, validating a growing industry trend of embedding AI across product lines.
Record Connectivity: Wireless IP shipments and royalty revenues hit new highs, with strong growth in WiFi 6, cellular IoT, and automotive segments.
Royalty Revenue Up: Royalty revenue rose 6% year-over-year and 16% sequentially, with notable strength in consumer IoT and 5G infrastructure.
Guidance Maintained: Full-year revenue guidance was maintained, with Q4 revenue expected between $29 million and $33 million.