CEVA Records Highest Quarterly Revenue at $31.3M with 18 Licensing Deals
CEVA delivered record Q4 revenue of $31.3 million, up 7% year over year, with royalty revenue rising 2% to $13.8 million and 18 licensing deals. Full-year revenue increased 2% to $109.6 million, driven by a 65% jump in licensing revenue to $63.6 million and non-GAAP net income of $10.8 million.
1. Q4 Financial Highlights
In Q4, CEVA achieved record revenue of $31.3 million, marking a 7% increase year over year. Royalty revenue also grew 2% to $13.8 million, supported by diverse demand in AI connectivity and sensing applications.
2. Full-Year Results
Full-year revenue rose 2% to $109.6 million, driven by a 65% surge in licensing revenue to $63.6 million. Licensing agreements accounted for the majority of growth, highlighting CEVA's expanding presence in smart edge devices.
3. Licensing Agreement Momentum
CEVA signed 18 licensing deals in the quarter, underscoring strong industry adoption of its AI DSP and connectivity IP. These agreements reflect growing demand for efficient AI inference and sensor integration across automotive and IoT segments.
4. Profitability Improvements
Operating income climbed to $5.7 million from $4.5 million a year earlier, while non-GAAP net income increased to $10.8 million, or $0.42 per share, up from $9 million, or $0.36 per share. Diluted loss per share narrowed to $0.04.