AI-extracted from the 10-Q filed 2026-08-10 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue of $29.0M (+13% YoY) driven by licensing gains including landmark AI deal; licensing up 21% YoY to $18.2M, royalties +1% YoY at $10.8M.
Biggest Revenue Drivers
Licensing and related revenues$18.2M+21% YoY
Landmark AI licensing agreement with leading global AI/computing platform company; customers increasingly adopting broader platform solutions; 10 licensing agreements signed including two first-time and two direct OEM customers.
Royalties$10.8M+1% YoY
Sequential growth from Q1; wireless connectivity strength with Bluetooth up 16% YoY, Wi-Fi up 28% YoY; automotive AI programs ramping; improved smartphone royalties.
Biggest Revenue Drivers
Total revenue: $29.0M+13% YoY
Licensing and related revenues$18.2M+21% YoY
Landmark AI licensing agreement with leading global AI/computing platform company; customers increasingly adopting broader platform solutions; 10 licensing agreements signed including two first-time and two direct OEM customers.
Royalties$10.8M+1% YoY
Sequential growth from Q1; wireless connectivity strength with Bluetooth up 16% YoY, Wi-Fi up 28% YoY; automotive AI programs ramping; improved smartphone royalties.
Largest Expense Items
Research and development, net$19.3M+3% YoY
Higher salaries and employee-related costs mainly from USD devaluation against NIS; 295 R&D personnel at quarter-end vs. 323 prior year.
Sales and marketing$3.3MFlat YoY
28 sales and marketing personnel at quarter-end vs. 34 prior year.
General and administrative$4.7M+8% YoY
Higher salaries, employee-related costs and equity-based compensation; 51 G&A personnel at quarter-end vs. 47 prior year.
Cost of revenues$3.6M+3% YoY
13% of revenues; primarily reflects higher payments to Israeli Innovation Authority.
Margins: Gross margin improved to 87% in Q2 2026 from 86% in Q2 2025, reflecting higher-margin licensing and related revenues. Operating margin remained negative at -7% due to high R&D and operating expenses.
Watch Items from the Filing
Customer concentration: largest customer represented ~21% of Q2 revenue; top five customers accounted for 55% of Q2 revenue versus 42% in Q2 2025, indicating elevated concentration risk.
Geographic concentration: Asia Pacific (primarily China) represented 59% of Q2 revenues ($17.2M); China specifically 48% ($13.9M). Exposure to geopolitical and trade policy risks.
Foreign exchange headwind: $1.0M FX loss in Q2 2026 vs. $0.6M gain in Q2 2025. NIS liabilities significantly exceed NIS assets due to operating leases; USD devaluation vs. NIS increased salary expenses.
Middle East geopolitical impact: Employees in Israel called to active reserve duty; business continuity plan executed. Potential for operational disruption if conflict escalates or continues.
Cash position stable at $220.7M ($122.7M held by foreign subsidiaries); liquidity sufficient for 12+ months of operations. Company intends to reinvest foreign earnings and avoid repatriation taxes.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Boukaya MichaelChief Operating OfficerDisposition to issuer · May 15, 2026
About CEVA INC (CEVA): stock profile, AI score and financials
CEVA INC (CEVA) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores CEVA at 31.1/100 on a composite quality score built from its SEC filings, placing it at rank #2,446 of 2,925 stocks — the bottom half of the AI-ranked universe. Areas of concern include revenue scale (18.2) and profitability (22.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 9.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), CEVA INC reports quarterly revenue of $29.0M, net income of $-2.9M, an operating margin of -7.1%. Top institutional holders of CEVA by reported 13-F value include BlackRock, STATE STREET, Senvest Management, based on the most recent SEC filings. CEVA trades on the Nasdaq exchange and files with the SEC under CIK 1173489. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CEVA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CEVA INC directly from SEC EDGAR.