CEVA
CEVA, Inc.

CEVA, Inc.CEVA

Technology · Semiconductors
33.36USD
+3.44%
Sep 23, 2026
CEVA overview ready
CEVA licenses wireless-connectivity, sensing, DSP and neural-processing IP plus embedded software to semiconductor and OEM customers building smart-edge SoCs.
Narrative is still early
Exposed to the Edge AI and Physical-System Automation narrative through Low-Power Edge AI Compute and Silicon Enablement — enabling supplier.
No clear price read
Longer-term context reads early trend, with a near-term setup of daily advance.
Fair valuation
The price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.
Fundamentals not measured
Primary risk
Dependence on semiconductor industry cycles.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 15

Conviction Level

NarrativeHeat6.9ThemeHeat7.1PriceAction7.4Valuation3.5CompanyPosition7.3
Price
Loading price history…

Price Action

No clear price read
Longer-term context reads early trend, with a near-term setup of daily advance.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$939.2M
Avg Volume (60D)
816.4K
60 sessions
Revenue Growth YoY
+2.5%
FY2025 vs FY2024
Gross Margin
+87.5%
Trailing twelve months
Operating Margin
-8.3%
Trailing twelve months
Free Cash Flow Yield
-0.1%
Distance from 200DMA
+14.3%
Next Earnings
2026-11-09
P/E
N/M
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
CEVA, Inc. has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.

What changed

  • MU, a AI Semiconductors and Advanced Packaging peer of CEVA, had a material event
    Dated 2026-09-11.
    2026-09-11
  • NVDA, a AI Semiconductors and Advanced Packaging peer of CEVA, had a material event
    Dated 2026-08-28.
    2026-08-28

Company Research

Thesis
CEVA licenses wireless-connectivity, sensing, DSP and neural-processing IP plus embedded software to semiconductor and OEM customers building smart-edge SoCs. Its revenue model converts design-license wins into royalties when customers' devices ship.
Opportunity
Moderate opportunity
Semiconductor IP, processor, accelerator and edge-SoC demand driven by embedding efficient local AI inference into phones, consumer devices, industrial equipment, vehicles, cameras, robotics and other connected physical systems.
Key risk
Dependence on semiconductor industry cycles.

Narrative & Theme

Edge AI and Physical-System Automation
Part of Low-Power Edge AI Compute and Silicon Enablement, with strong fit.
CEVA has a direct, monetizable exposure to the shift from cloud-only AI toward power-constrained local inference: its AI processor and DSP IP is designed into customers' SoCs, while its connectivity IP supports the connected devices in which edge intelligence is deployed.
Narrative HeatNeutral6.9 / 10
Theme HeatHeating up7.1 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Semiconductors
What they do

CEVA, Inc. licenses silicon and software intellectual property to semiconductor and original equipment manufacturer companies globally, enabling the development of system-on-chips for wireless communications and other applications.

How it earns

The company generates revenue primarily through licensing fees and royalties based on the use of its IP in customer products.

Products & services
PentaG-RAN hardware and software IP for 5G baseband processing
Ceva XC20 DSPs and PentaG2 platform for 5G/5G Advanced devices
Customers & end markets
Semiconductor companies
Original equipment manufacturers in wireless communications
Market position

Niche player specializing in edge AI and 5G-related IP solutions within the semiconductor industry.

Demand drivers
Medium cyclicality

Demand depends on semiconductor industry cycles and adoption rates of 5G and AI technologies.

Related companies

Finding other covered companies in the same part of this story…