Q2 2025 CEVA Inc Earnings Call Transcript

Aug 11, 2025 / 12:30PM GMT

Release Date Price: $22.65 (+4.33%)

Transcript 10-Q8-K

Key Points

Positve

CEVA Inc (CEVA) secured 13 license agreements, including 5 first-time customers, showcasing the strength of their IP portfolio.
The company experienced a healthy sequential rebound in their royalty business, with a 16% increase in royalties sequentially.
CEVA Inc (CEVA) achieved a major milestone with over 20 billion CEVA-powered devices shipped, placing them among elite IP companies.
The company is seeing strong momentum in AI licensing, with significant deals in edge AI NPUs, indicating market readiness and innovation.
CEVA Inc (CEVA) anticipates sequential growth in royalties for the second half of the year, driven by consumer IoT and smartphone markets.

Negative

Revenue for the second quarter was $25.7 million, down 10% compared to the same quarter last year.
Licensing and related revenue declined by 13% year over year, primarily due to a catch-up in licensing revenue in the previous year.
Royalty revenue decreased by 5% year over year, reflecting a slower start in the handset market.
Total GAAP operating expenses for the second quarter were above guidance, due to higher employee-related benefit provisions.
The company reported a GAAP operating loss of $4.5 million for the second quarter, compared to a small loss in the same period last year.

Operator

Good morning and welcome to the CEVA Inc second-quarter 2025 earnings conference call. (Operator Instructions) Please note, today's event is being recorded.

All right. Now let's turn the conference over to Richard Kingston, Vice President, Market Intelligence, Investor and Public Relations. Please go ahead.

Richard Kingston

CEVA Inc - Vice President, Market Intelligence and Investor and Public Relations

Thank you, Rocco. Good morning everyone and welcome to CEVA's second-quarter 2025 earnings conference call. Joining me today on the call are Amir Panush, Chief Executive Officer; and Yaniv Arieli, Chief Financial Officer of CEVA.

Before handing over to Amir, I would like to remind everyone that today's discussion contains forward-looking statements that involve risks and uncertainties, as well as assumptions that if they materialize or prove incorrect or could cause the results of CEVA to differ materially from those expressed or implied by such forward-looking statements and assumptions.

Forward-looking statements include

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