Loading…
Licenses semiconductor IP—DSP processor cores and wireless connectivity—that chipmakers embed into their own SoC designs.
Licenses semiconductor IP—DSP processor cores and wireless connectivity—that chipmakers embed into their own SoC designs.
Earns two ways: upfront licence fees when a chipmaker signs on, and royalties on each chip later shipped with the licensed design, reported to Ceva after the fact. Royalties from phones, earbuds and other devices are the steadier stream, while licence revenue is lumpy.
Moat: narrow (IP / patents, switching costs). Licensed IP cores are embedded deep in customer chip designs, creating switching costs across product generations.
Headquarters: San Jose, California, US · Founded: 2002 · Employees: 424
Size CEVA (CEVA) is a United States Information Technology company (Semiconductors) with a market value of $763M, the 2426th largest of 3,117 United States companies the cockpit tracks. Shares closed at $27.10 on 6 Nov 2026.
Performance Over six months the shares fell 26.7%, against -26.0% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 19 in its peer set.
Growth Revenue grew 8.8% over the last twelve months (peer median +28.1%); the operating margin is -9.6% (peer median -3.0%).
Valuation It trades at 39.7× forward earnings against a peer median of 14.0× (most expensive of 6).
Capital Return on invested capital runs 21.0 points below its cost of capital (14.6% WACC).
Short interest Short interest is 10.5% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $116M | $110M | $107M | $97.4M | $121M |
| Revenue growth | — | +2% | +10% | -19% | — |
| Gross profit | $101M | $94.8M | $93.6M | $85.2M | $103M |
| EBITDA | -$7.18M | -$13.0M | -$8.68M | -$9.17M | $11.5M |
| Net income | -$11.0M | -$10.6M | -$8.79M | -$11.9M | -$23.2M |
| Free cash flow | -$1.06M | -$6.28M | $516,000 | -$9.21M | $3.42M |
| Capital expenditure | $4.87M | $2.92M | $2.96M | $2.88M | $3.50M |
| Total debt | $17.4M | $16.1M | $5.56M | $6.46M | $7.89M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CEVA CEVA | $763M | -27% | +9% | -10% | 39.7× | n/a |
| Arm ARM | $204B | -18% | +25% | 17% | 67.7× | n/a |
| Synopsys SNPS | $86.3B | -13% | +46% | 12% | 25.6× | 39.2% |
| Cadence Design Systems CDNS | $87.8B | -12% | +18% | 30% | 34.0× | 29.9% |
| Arteris AIP | $875M | -44% | +34% | -44% | n/a | 55.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CEVA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.5% | -9.8% | 7th lowest of 21 |
| 6-month return | -26.7% | -26.0% | 10th highest of 19 |
| Distance from 52-week high | -47.5% | -53.1% | 8th highest of 21 |
| Revenue growth (TTM) | +8.8% | +28.1% | 9th lowest of 21 |
| Operating margin | -9.6% | -3.0% | 7th lowest of 21 |
| Forward P/E | 39.7× | 14.0× | most expensive of 6 |
| ROIC minus cost of capital | -21.0 pp | -6.6 pp | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CEVA CEVA | United States | $763M | -27% | +9% | -10% | 39.7× | n/a | n/a |
| Tech Semiconductors 300046.SZ | China | $766M | -33% | +27% | 8% | n/a | 45.7% | -1.6% |
| Aeva Technologies AEVA | United States | $767M | -34% | +56% | -611% | n/a | n/a | n/a |
| Myson Century 5314.TWO | Taiwan | $759M | -39% | +235% | 19% | n/a | 9.2% | +172.5% |
| Canadian Solar CSIQ | United States | $755M | -45% | -16% | -2% | n/a | n/a | n/a |
| SENASIC Electronics Technology 6675.HK | Hong Kong | $779M | n/a | +45% | -11% | n/a | n/a | n/a |
| Shenzhen Topray Solar 002218.SZ | China | $779M | -32% | -8% | -17% | n/a | 35.9% | -5.6% |
| PixArt Imaging 3227.TWO | Taiwan | $781M | -20% | +5% | 18% | 14.0× | 0.0% | +2.3% |
| Infotmic 000670.SZ | China | $782M | -18% | +38% | 2% | n/a | n/a | n/a |
| Zhejiang MTCN Technology 003026.SZ | China | $742M | -24% | +29% | 17% | n/a | 30.7% | +9.5% |
| Crealights Technology 1191.HK | Hong Kong | $790M | n/a | +42% | -7% | n/a | n/a | n/a |
| Changzhou Shichuang Energy 688429.SS | China | $733M | -13% | +30% | -38% | n/a | n/a | n/a |
| Henan Ancai Hi-Tech 600207.SS | China | $797M | -13% | -41% | -39% | n/a | n/a | n/a |
| Yuneng Technology 688348.SS | China | $729M | -39% | -40% | -58% | n/a | n/a | n/a |
| Wuxi ETEK Microelectronics 688601.SS | China | $799M | -25% | +15% | -5% | 14.3× | n/a | n/a |
| SFA Semicon 036540.KS | South Korea | $728M | -27% | +37% | -4% | n/a | n/a | n/a |
| Changzhou Galaxy Century Microelectronics 688689.SS | China | $723M | -9% | +29% | 11% | n/a | n/a | n/a |
| Everlight Electronics 2393.TW | Taiwan | $807M | -17% | -3% | 10% | 13.3× | -11.7% | -1.9% |
| Hangzhou Star Shuaier Electric Appliance 002860.SZ | China | $810M | +16% | -14% | 7% | 24.6× | 19.8% | +18.4% |
| Alpha and Omega Semiconductor L AOSL | United States | $716M | -38% | -2% | -6% | n/a | n/a | n/a |
| Hd Hyundai Energy Solutions 322000.KS | South Korea | $714M | -63% | +39% | 16% | 11.4× | 3.2% | +4.5% |