CEVA Q2 revenue declines, net loss widens
Overview
CEVA Q2 revenue falls 9.5% yr/yr, but beats analysts' expectations
GAAP net loss widens to $3.7 mln from $0.3 mln in 2024
CEVA signs 4 NeuPro NPU deals, marking pivotal AI business moment
Outlook
CEVA expects sequential and year-over-year growth in second half 2025
Company sees strong demand for edge AI technologies driving growth
CEVA aims to improve profitability through disciplined expense management
Company well-positioned in wireless connectivity IP market
Result Drivers
AI LICENSING DEALS - Ceva signed 4 new NeuPro NPU agreements, marking a pivotal moment for its AI business
AUTOMOTIVE IP AGREEMENTS - Secured 2 strategic deals in the U.S. for V2X and 4D radar technologies
DEVICE SHIPMENTS - Record shipments of cellular IoT and Wi-Fi 6 devices contributed to royalty revenue
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $25.70 mln | $25.40 mln (5 Analysts) |
Q2 EPS |
| -$0.15 |
|
Q2 Net Income |
| -$3.70 mln |
|
Q2 Adjusted Gross Margin |
| 87.0% |
|
Q2 Adjusted Operating Income |
| $800,000 |
|
Q2 Operating Income |
| -$4.50 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for CEVA Inc is $31.50, about 31% above its August 8 closing price of $21.72
Press Release: ID:nPn2Z5mZta
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