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Ceva Inc (CEVA)
NASDAQ:CEVA
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
-0.05Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 15.26%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
CEVA's earnings call reflected a strong performance in 2024, marked by significant revenue and royalty growth, major strategic licensing deals, and successful AI product development. Although there were minor financial setbacks, such as a decline in financial income and a forecasted decrease in gross margin for the next quarter, the highlights significantly outweighed the lowlights.Company Guidance
During the CEVA fourth quarter and year-end 2024 earnings call, the company reported a strong financial performance with a 21% year-over-year revenue growth for the quarter, reaching $29.2 million. Licensing and related revenue increased by 33% to $15.7 million, while royalty revenue rose by 9% to $13.5 million. CEVA's gross margin was 88% on a GAAP basis and 89% on a non-GAAP basis. The company also highlighted record shipments of 623 million units in the quarter, driven by significant growth in Wi-Fi and Bluetooth IPs, which saw year-over-year shipment increases of 110% and 41%, respectively. For the full year 2024, CEVA achieved a 10% topline growth with total revenues of $106.9 million and record shipments of 2 billion units. Looking forward to 2025, CEVA anticipates continued growth in Wi-Fi, Bluetooth, and cellular IoT shipments, alongside expanding royalty contributions from mobile, driven by new long-term licensing agreements. The company expects annual revenue growth of 7% to 11% and significant year-over-year increases in non-GAAP operating income and net income.Strong Fourth Quarter Revenue Growth
CEVA reported a 21% year-over-year revenue growth for the fourth quarter, with licensing and royalties contributing to this achievement.
Record High Royalty Shipments
CEVA achieved an all-time high in royalty shipments, powering 623 million units in the quarter, marking the first time surpassing 600 million units in a single quarter.
Significant Licensing Deals
CEVA signed important licensing agreements including a long-term architecture licensing agreement with a top-tier MCU company for the Wi-Fi platform and a long-term licensing agreement with a leading U.S. OEM for the 5G modem.
Strong Full-Year Performance
For the full year 2024, CEVA delivered 10% topline growth, reaching $106.9 million, and achieved strong year-over-year 18% revenue growth in royalties.
AI Product Milestones
CEVA's AI products reached key milestones including licensing agreements for AI DSPs and NeuPro-Nano NPUs with a first-time customer.
Enhanced Profitability
CEVA doubled its non-GAAP EPS compared to 2023 and created shareholder value through strong operational performance.
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CEVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CEVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $31.72 | $34.96 | +10.21% |
| Nov 07, 2024 | $25.18 | $29.34 | +16.52% |
| Aug 07, 2024 | $16.13 | $19.44 | +20.52% |
| May 09, 2024 | $21.17 | $20.25 | -4.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ceva Inc (CEVA) report earnings?
Ceva Inc (CEVA) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Ceva Inc (CEVA) earnings time?
Ceva Inc (CEVA) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CEVA EPS forecast?
CEVA EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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