Overview
- Q4 revenue reached $31.1 million, with licensing at $17.5 million (56%) and royalties at $13.8 million (44%), gross margin about 88%–89%, GAAP net loss $1.1 million, and non-GAAP net income $4.9 million.
- CEVA signed 18 licenses in Q4, including three NPU deals, and said a leading PC OEM is integrating its NPU IP into an in-house SoC.
- For 2025, the company signed 54 licenses, including 10 for NPUs, and estimates about $125 million in lifetime royalties from those agreements with initial contributions expected in 2027.
- 2026 guidance calls for 8%–12% revenue growth with Q1 revenue of $24 million to $28 million and a projected 35%–40% increase in non-GAAP net income.
- CEVA ended the year with roughly $222 million in cash after a ~$63 million follow-on and plans to pursue M&A, while flagging a ~$5 million FX expense headwind plus smartphone softness and memory supply constraints.