Q3 2025 CEVA Inc Earnings Call Transcript
Key Points
- CEVA Inc (CEVA) reported a third quarter that exceeded expectations with revenue of $28.4 million and non-GAAP EPS of $0.11.
- The company secured several strategic agreements in wireless connectivity and AI, reinforcing its market-leading position.
- CEVA's NeuPro NPU portfolio was adopted by Microchip, a leading microcontroller and connectivity provider, for its future roadmap.
- AI processor licensing contributed roughly a third of the licensing revenue in both the second and third quarters, indicating strong momentum.
- Royalty revenue increased by 6% year-over-year and 16% sequentially, driven by growth in consumer IoT and 5G infrastructure.
- GAAP operating loss for the third quarter was $2.1 million, compared to a loss of $2.6 million in the same period last year.
- GAAP net loss for the third quarter was $2.5 million, with a loss per share of $0.10, compared to a net loss of $1.3 million last year.
- Total operating expenses for the third quarter were $27.1 million, at the higher end of guidance.
- Non-GAAP operating expenses were also at the higher end of guidance, mainly due to higher employee benefit provisions.
- The company used $5.9 million of cash in operating activities during the third quarter.
Good day, and welcome to the CEVA third-quarter 2025 earnings conference call. (Operator Instructions) Please note today's event is being recorded.
I'd now like to turn the conference over to Richard Kingston, Vice President of Market Intelligence and Investor Relations. Please go ahead, sir.
Thank you, Rocco. Good morning, everyone, and welcome to CEVA's third-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 and as well as assumptions that if they materialize or prove incorrect, 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 statements regarding our market
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