CEVA Reports Record Device Shipments and Strong AI Licensing Growth in Q3 2026
CEVA, Inc. (CEVA) reported third-quarter 2026 results characterized by record-breaking device shipments of 623 million units and significant momentum in AI licensing, which now accounts for over 35% of total licensing revenues. While total revenue grew 2% year-over-year to $29.1 million, the company faced some headwinds due to a delayed multi-year connectivity agreement with a strategic customer and price pressures in the compute-intensive consumer market. Despite these delays, royalty revenues saw an 18% sequential increase, driven by strong performance in Wi-Fi 6 and Industrial IoT shipments. The company provided optimistic Q4 revenue guidance of $34 million to $38 million, representing a potential 24% sequential growth at the midpoint. CEVA also revised its full-year non-GAAP expense growth downward to approximately 7%, signaling improved cost management alongside continued R&D investment.
Tickers: $CEVA
Topics: AI Licensing Device Shipments EPS IoT Revenue Growth
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Part of the story Fintech Sector Reports Strong Q3 2026 Results and Raised Annual Guidance (26 articles)