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Ceva Inc (CEVA) stock

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NASDAQ: CEVA Nasdaq Semiconductors Next results ~November 9, 2026

D Fundamentals grade

Ceva Inc is a US-listed company in the semiconductors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$12

Valuation models combined (4)

Base case. Range ~$11–$12. Weighted average of 4 models (growth cash-flow model, forward price-to-earnings vs peers, forward price-to-sales vs peers, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Ceva Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders3 buying, 0 selling3 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds134 adding, 69 cuttingOf 34 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Ceva files

Where Ceva stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $116m, up 8.8% on a year earlier, faster than the 3.0% growth a quarter earlier. Free-cash-flow margin held at -0.9%. Operating margin widened to -8.3% from -10.7%. The diluted share count is up 10.8% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 1 financial-health checks. Our revenue-to-maturity cash-flow model value is $11.69 a share, against a share price of $31.92.

Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Ceva Inc's trailing-twelve-month revenue grew 8.8% year on year, with a free-cash-flow margin of -0.9%. Where it stands out: gross margin of 87.5% ranks 3 of 73 semiconductor companies we cover. Where it lags: days sales outstanding of 147 days ranks 59 of 62 semiconductor companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 372.4% while net income fell 8.9%: a 364pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 5.8 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Results due soon. Results are expected around 9 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -8.3%: costs exceed revenue.
  • Burning cash. Free cash flow was -0.9% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 18.2% of revenue, against a median of 6.4% for semiconductor companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 10.8% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 75% and a beta of 3.5 against the S&P 500.

Latest results: FY2026 Q2

Filed August 10, 2026
Earnings per share
$0.08 against an average estimate of $0.07: beat by 9.0%
Revenue
$29m, up 13.1% on a year earlier
Share reaction
-20.3% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
Next report
November 9, 2026; average EPS estimate $0.19

Ceva's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.8%
  • 1 week-4.5%
  • 1 month-24.3%
  • This year+30.6%
  • 1 year+3.3%
  • 5 years-41.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$116M
Operating margin
-8.3%
Net margin
-9.5%
EPS (TTM, diluted)
$-0.42

Growth

Revenue growth
+8.8%
Change in growth rate
+5.8 pts
Share count change
+10.8%

Cash

Free cash flow (TTM)
-$1.1M
FCF margin
-0.9%
Stock pay % of revenue
18.2%

Earnings

Last results
August 10, 2026
Next results (est.)
November 9, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Ceva Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Ceva Inc as an operating company, with every model that fits that kind of business. Cost of equity 12.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.76 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$11 ~$10–$13 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$12 ~$11–$21 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.7 ~$0.4–$1.1 Left out: out of range vs price (0.02x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$11 ~$11–$34 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$12 ~$11–$13 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$12 ~$11–$12 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Ceva Inc with Semiconductors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$23.36$33.55$46.15$22.09$26.96$45.50$43.24$25.58$22.71$31.55$21.52$28.10
Market value$490m$724m$1.0bn$497m$602m$1.0bn$1.0bn$593m$533m$745m$523m$739m
+ Net debt (− = net cash)−$19m−$18m−$22m−$22m−$23m−$21m−$33m−$20m−$23m−$18m−$41m−$44m
Enterprise value$471m$705m$1.0bn$475m$579m$985m$973m$573m$510m$726m$482m$695m
Multiples
Price / sales 8.2x10.0x11.9x6.4x6.9x10.0x8.8x4.9x5.5x7.0x4.8x6.4x
Price / earnings 78.2x55.2x61.1xn/mn/m—n/m—————
Price / free cash flow 28.5x59.9x51.2x93.9x96.9x82.3x42.6x173.1x—n/m——
EV / EBITDA 64.0x44.7x57.0xn/mn/mn/m95.1x80.8x————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

40 /100

Weak moat

How hard Ceva's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -0.4% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 88.8%, moving by 2.1 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -0.5%; its worst year was -10.7%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 6 of 10 years, at a median 6.1% of revenue.

  • Discipline 1 / 20

    The diluted share count rose 17.6% over five years; stock-based pay has been a median 12.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, before the open. Analysts expect revenue of $33m and EPS of $0.19 (range $0.16 to $0.20) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.55 +31% $125m +14%
Next $0.80 +46% $142m +13%

Next year's EPS estimate has moved −2.4% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.3% on 90 days ago. In the last 30 days, 7 analysts raised Ceva Inc's forecast and 0 cut it.

Consensus EPS forecast Ceva Inc, last 90 days
$0.50 $0.60 $0.70 $0.80 $0.90 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.53 Current fiscal year, 60 days ago: $0.55 Current fiscal year, 30 days ago: $0.55 Current fiscal year, 7 days ago: $0.55 Current fiscal year, Now: $0.55 $0.55 Next fiscal year, 90 days ago: $0.82 Next fiscal year, 60 days ago: $0.80 Next fiscal year, 30 days ago: $0.80 Next fiscal year, 7 days ago: $0.80 Next fiscal year, Now: $0.80 $0.80

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.53$0.82
60 days ago $0.55$0.80
30 days ago $0.55$0.80
7 days ago $0.55$0.80
Now $0.55$0.80

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.07 $0.08 +9.0%
Mar 2026 $0.02 $0.04 +122.0%
Dec 2025 $0.18 $0.18 −1.1%
Sept 2025 $0.10 $0.11 +4.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 10, 2026

No numeric guidance in Ceva Inc's latest earnings release (filed August 10, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

9 analysts, Oct 2026
Buy889%
Hold111%
Sell00%

Monthly trend

  1. Oct 20261719
  2. Sep 20261719
  3. Aug 20261629
  4. Jul 20261629

Counts of recommendations published by analysts covering Ceva Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.8%
of tradable shares
Days to cover
4.76
at average volume
Short interest, 1 month
−7%
to October 15, 2026
Held by institutions
90%
of shares
Held by insiders
3.5%
of shares
Employees
374
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +3.3%

$27.21 on October 31, 2025 to $28.10

ThenNowEffect
Revenue (last 12 months) $106m $116m +8.8%
P/S multiple 6.1x 6.4x +5.1%
Share count 24m 26m −9.7%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

Last 3 years +44.3%

$19.48 on November 3, 2023 to $28.10

ThenNowEffect
Revenue (last 12 months) $110m $116m +5.6%
P/S multiple 4.1x 6.4x +54.1%
Share count 23m 26m −11.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CEVA−5%−41%−11%+39%−32%+31%
Industry peers (median)+36%−34%+16%−15%+19%+13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CEVA42%25%42%58%58%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CEVA−45%−47%−53%−35%−52%−48%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 78% from February 16, 2021 to August 6, 2024. Getting back needed a 360% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$17.21 – $50.06
From 52-week high
−43.9%
vs 50-day average
−7.9%
vs 200-day average
−8.2%
Volatility (1 year)
75%
Beta vs S&P 500
3.51

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±12.5%
After a week
6 up, 6 down
typical move ±12.0%
After a month
6 up, 6 down
typical move ±16.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 10, 2026 −20.3% −0.3% −15.4% −27.3%
May 11, 2026 +0.3% +0.1% −1.0% +11.1%
February 17, 2026 −11.4% +0.7% −11.2% −18.3%
November 10, 2025 −0.3% +1.8% −9.9% −10.9%
August 11, 2025 +8.6% +0.9% +9.2% +5.8%
May 7, 2025 −23.6% +1.1% −16.4% −23.6%
February 13, 2025 +9.3% +1.1% +8.7% −3.4%
November 7, 2024 +12.3% +1.2% +8.7% +25.3%
August 7, 2024 +26.8% +1.6% +38.6% +42.7%
May 9, 2024 −7.4% +0.7% −4.8% −3.3%
February 14, 2024 +21.3% +1.6% +10.6% +14.8%
November 8, 2023 −8.1% −0.7% +8.9% +6.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Ceva Inc in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Ceva Inc
$90M $100M $110M $120M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $103.6M Revenue (TTM), FY23 Q4: $97.4M Revenue (TTM), FY24 Q1: $93.2M Revenue (TTM), FY24 Q2: $98.7M Revenue (TTM), FY24 Q3: $101.9M Revenue (TTM), FY24 Q4: $106.9M Revenue (TTM), FY25 Q1: $109.1M Revenue (TTM), FY25 Q2: $106.4M Revenue (TTM), FY25 Q3: $107.5M Revenue (TTM), FY25 Q4: $109.6M Revenue (TTM), FY26 Q1: $112.4M Revenue (TTM), FY26 Q2: $115.7M $115.7M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $103.6M
FY23 Q4 $97.4M
FY24 Q1 $93.2M
FY24 Q2 $98.7M
FY24 Q3 $101.9M
FY24 Q4 $106.9M
FY25 Q1 $109.1M
FY25 Q2 $106.4M
FY25 Q3 $107.5M
FY25 Q4 $109.6M
FY26 Q1 $112.4M
FY26 Q2 $115.7M
Revenue growth, TTM YoY Ceva Inc
-40% -20% 0% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -15.6% Revenue growth, TTM YoY, FY23 Q4: -23.9% Revenue growth, TTM YoY, FY24 Q1: -22.2% Revenue growth, TTM YoY, FY24 Q2: -9.9% Revenue growth, TTM YoY, FY24 Q3: -1.7% Revenue growth, TTM YoY, FY24 Q4: 9.8% Revenue growth, TTM YoY, FY25 Q1: 17.0% Revenue growth, TTM YoY, FY25 Q2: 7.7% Revenue growth, TTM YoY, FY25 Q3: 5.5% Revenue growth, TTM YoY, FY25 Q4: 2.5% Revenue growth, TTM YoY, FY26 Q1: 3.0% Revenue growth, TTM YoY, FY26 Q2: 8.8% 8.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -15.6%
FY23 Q4 -23.9%
FY24 Q1 -22.2%
FY24 Q2 -9.9%
FY24 Q3 -1.7%
FY24 Q4 9.8%
FY25 Q1 17.0%
FY25 Q2 7.7%
FY25 Q3 5.5%
FY25 Q4 2.5%
FY26 Q1 3.0%
FY26 Q2 8.8%
Operating margin (TTM) Ceva Inc
-20% -15% -10% -5% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -9.3% Operating margin (TTM), FY23 Q4: -13.8% Operating margin (TTM), FY24 Q1: -17.0% Operating margin (TTM), FY24 Q2: -10.6% Operating margin (TTM), FY24 Q3: -10.2% Operating margin (TTM), FY24 Q4: -7.1% Operating margin (TTM), FY25 Q1: -6.4% Operating margin (TTM), FY25 Q2: -10.7% Operating margin (TTM), FY25 Q3: -10.1% Operating margin (TTM), FY25 Q4: -10.4% Operating margin (TTM), FY26 Q1: -10.7% Operating margin (TTM), FY26 Q2: -8.3% -8.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -9.3%
FY23 Q4 -13.8%
FY24 Q1 -17.0%
FY24 Q2 -10.6%
FY24 Q3 -10.2%
FY24 Q4 -7.1%
FY25 Q1 -6.4%
FY25 Q2 -10.7%
FY25 Q3 -10.1%
FY25 Q4 -10.4%
FY26 Q1 -10.7%
FY26 Q2 -8.3%
FCF margin (TTM) Ceva Inc
-15% -10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -10.1% FCF margin (TTM), FY23 Q4: -9.5% FCF margin (TTM), FY24 Q1: -13.2% FCF margin (TTM), FY24 Q2: -4.7% FCF margin (TTM), FY24 Q3: -2.4% FCF margin (TTM), FY24 Q4: 0.5% FCF margin (TTM), FY25 Q1: 1.0% FCF margin (TTM), FY25 Q2: -0.2% FCF margin (TTM), FY25 Q3: -6.0% FCF margin (TTM), FY25 Q4: -5.7% FCF margin (TTM), FY26 Q1: -5.1% FCF margin (TTM), FY26 Q2: -0.9% -0.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -10.1%
FY23 Q4 -9.5%
FY24 Q1 -13.2%
FY24 Q2 -4.7%
FY24 Q3 -2.4%
FY24 Q4 0.5%
FY25 Q1 1.0%
FY25 Q2 -0.2%
FY25 Q3 -6.0%
FY25 Q4 -5.7%
FY26 Q1 -5.1%
FY26 Q2 -0.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 38 45 60 54 49 51 59 73 88 78 87 100 114 121 97 107 110 116
Gross profit 34 41 57 50 44 46 54 67 81 70 77 90 103 105 86 94 95 101
EBITDA 5 10 19 13 5 2 7 16 18 2 1 2 10 7 −11 −4 −8 −6
Operating income 5 10 19 12 5 1 6 14 16 −1 −2 −1 7 4 −13 −8 −11 −10
Net income 8 11 19 14 7 −1 6 13 17 1 0 −2 0 −23 −12 −9 −11 −11
Diluted EPS $0.41 $0.51 $0.77 $0.59 $0.30 −$0.04 $0.30 $0.61 $0.75 $0.03 $0.00 −$0.11 $0.02 −$1.00 −$0.51 −$0.37 −$0.44 −$0.42
Growth (year on year)
Revenue — +16.8% +34.1% −10.9% −8.9% +3.9% +17.1% +22.1% +20.4% −11.0% +11.9% +15.1% +13.5% +5.9% −19.2% +9.8% +2.5% +8.8%
EBITDA — +90.6% +83.3% −32.4% −57.9% −59.2% +232.9% +114.2% +13.3% −90.7% −29.3% — +313.9% −30.7% −249.3% — — —
Operating income — +98.7% +88.0% −33.4% −61.5% −69.3% +331.7% +127.9% +10.3% −107.8% — — — −44.7% −445.7% — — —
Net income — +36.3% +63.1% −26.3% −51.2% −112.3% — +109.0% +30.0% −96.6% — — — — — — — —
Diluted EPS — +24.4% +51.0% −23.4% −49.2% −113.3% — +103.3% +23.0% −96.0% — — — — — — — —
Margins
Gross margin 89.3% 91.7% 94.1% 92.6% 89.4% 90.2% 90.9% 91.6% 92.1% 89.8% 88.4% 89.3% 90.9% 87.5% 88.0% 88.1% 87.1% 87.5%
EBITDA margin 14.2% 23.2% 31.7% 24.0% 11.1% 4.4% 12.4% 21.7% 20.4% 2.1% 1.4% 2.5% 9.0% 5.9% −10.9% −4.2% −7.2% −5.6%
Operating margin 12.9% 22.0% 30.8% 23.0% 9.7% 2.9% 10.6% 19.8% 18.1% −1.6% −2.2% −0.8% 6.2% 3.2% −13.8% −7.1% −10.4% −8.3%
Net margin 21.7% 25.3% 30.8% 25.5% 13.7% −1.6% 10.5% 18.0% 19.5% 0.7% 0.0% −2.4% 0.3% −19.2% −12.2% −8.2% −9.7% −9.5%
Free-cash-flow margin 14.7% 34.6% 44.3% 33.4% 26.2% 15.1% 28.9% 16.6% 23.2% 6.8% 7.1% 12.2% 20.7% 2.8% −9.5% 0.5% −5.7% −0.9%
Cash flow
Cash from operations 6 16 27 19 14 9 19 14 24 9 10 15 26 7 −6 3 −3 4
Capital spending 0 1 0 1 1 1 2 2 4 3 3 3 2 3 3 3 3 5
Free cash flow 6 16 27 18 13 8 17 12 20 5 6 12 24 3 −9 1 −6 −1
Stock-based pay 3 2 5 5 6 5 4 6 9 10 11 14 13 15 16 16 20 21
Free cash flow after stock pay 3 13 22 13 7 3 13 6 12 −5 −5 −1 11 −11 −25 −15 −26 −22
Balance sheet
Cash 12 17 15 18 24 16 19 18 22 22 23 21 33 20 23 18 41 44
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −12 −17 −15 −18 −24 −16 −19 −18 −22 −22 −23 −21 −33 −20 −23 −18 −41 −44
Diluted shares — 22m 24m 23m 22m 21m 21m 22m 23m 23m 22m 22m 23m 23m 23m 24m 24m 26m
Returned to shareholders
Buybacks 1 2 — 27 20 19 10 3 0 20 9 5 0 7 6 8 7 —
Total returned 1 2 — 27 20 19 10 3 0 20 9 5 0 7 6 8 7 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 1 checks passed · June 30, 2026
What it owns · $392m
Short-term assets $283mLonger-term assets $109m
What it owes, and who funded it · $368m
Short-term liabilities $28mShareholders' equity $340m
  • Short-term assets cover short-term liabilities $283m of assets due within a year against $28m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Ceva Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$7.2M
Returned to shareholders
-114%
of free cash flow
Buybacks, last 3 fiscal years
$21.8M
Diluted share count
+10.8%
year over year
Total shareholder yield
0.9%
dividends 0.0% + buybacks 0.9% of market value
R&D spending
67.1%
of revenue
Days sales outstanding
147 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in semiconductors
Last 12 months unless stated CEVA AIP VLN MRAM INDI NVTS Median
Revenue, last 12 months $116m $85m $71m $62m $231m $37m $1.1bn
Revenue growth, last 12 months 8.8% 33.8% 22.1% 20.9% 6.2% −46.4% 13.7%
Revenue growth, 3-year average 1.8% 17.9% — 0.5% 14.1% −12.2% 3.9%
Revenue growth, latest quarter 13.1% 46.2% — 41.9% 24.0% −27.3% 20.1%
Gross margin 87.5% 87.6% 62.4% 52.3% 37.8% 38.1% 48.3%
Operating margin −8.3% −47.7% −48.2% −15.5% −63.3% −316.9% 4.8%
Operating margin, 3-year average −9.9% −53.7% — −10.0% −66.9% −204.8% 4.8%
Net margin −9.5% −46.7% −44.7% −4.2% −64.8% −856.9% 5.3%
Cash from operations / revenue 3.3% 10.1% −18.0% 6.8% −30.9% −181.9% 17.4%
Free-cash-flow margin −0.9% 8.0% −19.5% −8.6% −36.2% −185.7% 9.6%
Free-cash-flow margin, 3-year average −1.9% −2.0% — 5.1% −35.0% −111.3% 8.5%
Stock pay / revenue 18.2% 25.3% 23.4% 8.7% 30.3% 74.3% 5.8%
Change in share count 10.8% 10.6% −2.2% 2.3% 9.2% 20.2% 0.9%

Median of all 75 companies we cover in semiconductors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

75 semiconductor companies
Measure Company Peer median Rank
Revenue growth Growth 8.8% 13.7% 47 of 75
Change in growth rate Growth +5.8pp +3.7pp 26 of 75
Gross margin Profitability 87.5% 48.3% 3 of 73
Operating margin Profitability -8.3% 4.8% 56 of 75
Net margin Profitability -9.5% 5.3% 55 of 75
Free-cash-flow margin Cash generation -0.9% 9.6% 52 of 75
Stock pay as % of revenue Cash generation 18.2% 6.4% 59 of 74
Change in share count Balance sheet 10.8% 0.9% 61 of 72
Days sales outstanding Balance sheet 147 days 58 days 59 of 62

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Connectivity Products $81.9M 74.8% ▼ 9.0%
Smart Sensing Products $27.7M 25.2% ▲ 63.6%
Products and services
Line of business Revenue Share YoY
Licenses $63.6M 58.0% ▲ 6.0%
Royalty $46M 42.0% ▼ 2.0%
Geography
Region Revenue YoY
Asia Pacific $84M ▲ 13.8%
China $67.9M ▲ 28.9%
United States $19.3M ▼ 5.0%
Europe and Middle East $6.3M ▼ 51.0%
Other $0 ▼ 100.0%

These categories overlap or exclude eliminations, so shares aren't shown.

From Ceva Inc's 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.2B
Institutions reporting
208
Shares held vs prior quarter
▲ 1.2%
Positions opened / closed
69 / 20

Top buyers and sellers, Q2 2026: 134 institutions bought and 69 sold ; the biggest buyer was T. Rowe Price Investment Management, Inc (+493K shares) and the biggest seller Senvest Management, LLC (−725K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $114M 2.4M 9.6% ▲ 9.5%
State Street Corp $78.9M 1.7M 6.6% ▲ 34.6%
Senvest Management, LLC $77M 1.6M 6.5% ▼ 30.8%
Morgan Stanley $68.2M 1.4M 5.7% ▼ 21.4%
Vanguard Capital Management LLC $56.4M 1.2M 4.7% ▲ 5.5%
T. Rowe Price Investment Management, Inc. $55.7M 1.2M 4.7% ▲ 71.7%
Vanguard Portfolio Management LLC $52.7M 1.1M 4.4% ▼ 1.5%
Neuberger Berman Group LLC $51.6M 1.1M 4.3% ▲ 9.4%
Awm Investment Company, Inc. $37.7M 800K 3.2% ▼ 7.5%
Geode Capital Management, LLC $34.1M 723K 2.9% ▲ 12.6%
Deutsche Bank Ag\ $33.9M 720K 2.9% ▲ 26.5%
Disciplined Growth Investors Inc $31.3M 663K 2.6% ▲ 47.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Ceva Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $173,906 3 trades by 3 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $173,906 net buying
Insider Date Trade Shares Price Value
Liu Jaclyn Director February 23, 2026 Buy 1,310 $19.15 $25,086
Arieli Yaniv Chief Financial Officer February 20, 2026 Buy 2,500 $19.34 $48,350
Panush Amir Chief Executive Officer February 19, 2026 Buy 5,100 $19.70 $100,470

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 9, 2026 estimated from the company's past filing pattern, not announced

  • August 10, 2026
  • May 11, 2026
  • February 17, 2026
  • November 10, 2025
  • August 11, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Ceva Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Ceva Inc in brief

What does Ceva Inc do?
Ceva Inc is a US-listed company in the semiconductors industry. Its financial year ends in December.
What is Ceva Inc's stock ticker?
Ceva Inc trades under the ticker CEVA on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Ceva Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Ceva Inc reported revenue of $116M, 8.8% higher than a year earlier, according to its SEC filings.
What is Ceva Inc's free cash flow?
Ceva Inc's free-cash-flow margin is -0.9% of revenue over the trailing twelve months, ranking 52 of the 75 semiconductor companies we cover.
Who are Ceva Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Senvest Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Ceva Inc buying back stock, and does it pay a dividend?
Ceva Inc spent $7.2M on share repurchases over the trailing twelve months, and its diluted share count still rose 10.8% over the year.
What is Ceva Inc's market cap?
On November 2, 2026, Ceva Inc's market capitalisation was about $739M and net debt of -$44.3M. Market figures come from third-party market data and may be delayed.
Who are Ceva Inc's competitors?
In our Semiconductors peer group, the companies closest to Ceva Inc are Arteris, Inc., Valens Semiconductor Ltd., Everspin Technologies Inc., Indie Semiconductor, Inc. and Navitas Semiconductor Corp. The side-by-side comparison below sets their revenue, margins and growth against Ceva Inc's.
Are insiders buying or selling Ceva Inc stock?
Over the last 12 months, Ceva Inc's directors and officers reported 3 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Ceva Inc's next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Ceva Inc announces its own schedule.