CEVA, Inc. (CEVA)

CEVA topped expectations on both the top and bottom line in the second fiscal quarter of 2026 (period ended June 30, 2026) when it reported results on August 10, 2026, with adjusted EPS of $0.08 topping the $0.07 estimate (+9%) and revenue of $29.0 million topping the $28.2 million estimate (+3%). Revenue rose 13.1% to about $29.0 million, up from roughly $25.7 million a year ago, reflecting the company’s licensing model for semiconductor IP across wireless, DSP, and AI-related connectivity technologies. Profitability stayed centered on high gross margins, with gross profit of about $25.4 million translating to a gross margin of roughly 87%, while operating margin was -7.2% alongside operating income of about -$2.1 million. Net income was -$2.9 million, improving 21.4% year over year from roughly -$3.7 million, and adjusted EPS increased 14.3% from $0.07 a year ago. The quarter generated operating cash flow of about $5.8 million. For the next period, consensus calls for EPS of $0.18 on revenue of $32.7 million.