Ceva, Inc. reported financial results for the quarter ended June 30, 2026, posting total revenues of $29.0 million, a 13% increase year over year. Licensing and related revenues reached $18.2 million, up 21%, marking the highest level in three years driven by strong AI and connectivity demand. The company signed ten IP licensing agreements, including two with first-time customers. Royalty revenues grew 1% to $10.8 million, supported by wireless connectivity shipments and automotive AI programs. Non-GAAP operating income was $3.1 million with an 11% margin, compared to $0.8 million and 3% in the prior year period. GAAP diluted loss per share improved to $0.10 from $0.15. Ceva, Inc. operates as a licensor of silicon and software intellectual property for smart edge devices.

Michael Boukaya, Executive Vice President and Chief Operating Officer, will resign from his position, with his last day of service as COO is August 1, 2026. He will remain with the company to facilitate a ሂደ-smooth transition through December 31, 2026. Ceva, Inc. operates in the semiconductor-based IP licensing and processing technology sector.