Overview

* CEVA ( 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 ( CEVA ) signs 4 NeuPro NPU deals, marking pivotal AI business moment

Outlook

* CEVA ( CEVA ) expects sequential and year-over-year growth in second half 2025

* Company sees strong demand for edge AI technologies driving growth

* CEVA ( CEVA ) aims to improve profitability through disciplined expense management

* Company well-positioned in wireless connectivity IP market

Result Drivers

* AI LICENSING DEALS - Ceva ( 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $25.70 $25.40

Revenue mln mln (5

Analysts

)

Q2 EPS -$0.15

Q2 Net -$3.70

Income mln

Q2 87.0%

Adjusted

Gross

Margin

Q2 $800,000

Adjusted

Operatin

g Income

Q2 -$4.50

Operatin mln

g Income

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 ( CEVA ) is $31.50, about 31% above its August 8 closing price of $21.72

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)