CEVA Projects Q4 Revenue Between $34M and $38M Driven by Smartphone Modem Royalties
CEVA, Inc. has provided a revenue guidance range of $34 million to $38 million for the fourth quarter, bolstered by an expected increase in smartphone modem royalties. While overall licensing revenues fell short of previous expectations, the company reported significant momentum in its artificial intelligence segment. CEO Amir Panush noted that AI licensing revenues reached record levels, now accounting for more than 35% of total licensing and related revenues. This shift highlights CEVA's successful pivot toward high-growth AI technologies despite broader fluctuations in its core licensing business.
Tickers: $CEVA
Topics: AI licensing earnings management guidance revenue performance