CEVA, Inc. (CEVA) AI Stock Analysis

CEVA, Inc. licenses technologies specializing in wireless connectivity and smart sensing for semiconductor companies and original equipment manufacturers. Its portfolio includes digital signal processors, artificial intelligence processors, and wireless platforms, complemented by software solutions for sensor fusion, image enhancement, computer vision, and voice input. CEVA offers DSP-based platforms for 5G baseband processing, imaging solutions for camera-enabled devices, and ultra-low power sensing applications. Its wireless IoT portfolio spans IP solutions for Bluetooth, Wi-Fi, Ultra-wideband, and NB-IoT. Founded in 1999 and based in Rockville, Maryland, CEVA reaches customers across mobile, consumer electronics, automotive, aerospace, defense, and industrial markets.

From FY2020 to FY2025, CEVA delivered a 5-year revenue CAGR of 1.8%. Revenue grew 13.5% in FY2021 to $113.8M, reached $120.6M in FY2022, dropped 19.2% in FY2023 to $97.4M, then recovered to $106.9M in FY2024 and $109.6M in FY2025. Gross margin remained high at 87.1% in FY2025. However, operating margin stood at -10.4% in FY2025 with net income of -$10.6M, alongside R&D expense of $74.8M. Over the trailing twelve months, revenue totaled $115.7M with a profit margin of -9.5%. In the latest quarter ended June 30, 2026, quarterly revenue grew 13.1% year-over-year while quarterly earnings expanded 95.9%.

As of June 30, 2026, CEVA held $215.6M in cash and short-term investments against total debt of $17.4M, resulting in net cash of $198.1M. The company shows solid liquidity with a current ratio of 10.12 and a debt-to-equity ratio of 0.05. In FY2025, operating cash flow stood at $3.5M and free cash flow was $516,000. Capital expenditures were $3.0M, while share buybacks totaled $7.2M.

At a last close of $27.50, CEVA has a market cap of $774.2M and an enterprise value of $743.5M. The stock trades at a forward P/E of 42.6x and an EV/EBITDA of 126.8x, compared to the median of its US-listed Technology peers of 18.8x and 16.6x, respectively. Its price-to-sales ratio of 6.7x is also above the peer median of 2.8x. Over the past year, CEVA declined 3.4% while the S&P 500 gained 16.8%. Over 5 years, the stock fell 35.6% compared to an 83.0% return for the S&P 500.

Wall Street coverage includes 7 Strong Buy, 1 Buy, and 1 Hold ratings. The mean price target is $46.67, indicating 69.7% upside relative to the last close of $27.50. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $125.0M and EPS of $0.55, representing estimated EPS growth of 30.5%. Over the last 4 quarters, CEVA beat EPS estimates 2 times. The next earnings date is November 9, 2026.

This page is an AI-written research summary of CEVA, Inc. (CEVA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CEVA income statement, CEVA balance sheet, CEVA key metrics, CEVA analyst forecast, CEVA chart. See the CEVA stock overview for the latest quote and news.