Revenue: As of FY2026 Q1, the actual value is USD 27.02 M, beating the estimate of USD 26.12 M.EPS: As of FY2026 Q1, the actual value is USD -0.16, beating the estimate of USD -0.1823.<h3>First Quarter 2026 Financial Highlights</h3><h4>Revenue</h4>CEVA, Inc. reported total revenues of $27.0 million for the first quarter of 2026, an 11% increase year-over-year compared to the first quarter of 2025. Licensing and related revenues reached $17.8 million, marking an 18% year-over-year increase and representing the highest in three years. Royalty revenues for the quarter were $9.2 million. AI-related activities contributed over 20% of the licensing and related revenues.<h4>Operational Metrics (GAAP)</h4>GAAP gross margin remained consistent at 86% for both Q1 2026 and Q1 2025. The GAAP operating loss was -$5.1 million in Q1 2026, compared to -$4.4 million in Q1 2025. GAAP net loss was -$4.5 million in Q1 2026, compared to -$3.3 million in Q1 2025. Cost of revenues increased to $3,729 thousand in Q1 2026 from $3,487 thousand in Q1 2025. Total operating expenses rose to $28,380 thousand in Q1 2026 from $25,140 thousand in Q1 2025. This included research and development, net, of $19,837 thousand in Q1 2026, up from $17,609 thousand in Q1 2025. Sales and marketing expenses were $3,766 thousand in Q1 2026, compared to $3,449 thousand in Q1 2025. General and administrative expenses were $4,660 thousand in Q1 2026, compared to $3,933 thousand in Q1 2025.<h4>Operational Metrics (Non-GAAP)</h4>Non-GAAP gross margin was 87% for both Q1 2026 and Q1 2025. Non-GAAP operating income increased to $0.5 million in Q1 2026 from $0.3 million in Q1 2025. Non-GAAP net income was $1.1 million in Q1 2026, compared to $1.4 million in Q1 2025.<h4>Cash and Balance Sheet Items</h4>Cash and cash equivalents were $21,367 thousand as of March 31, 2026, a decrease from $40,586 thousand as of December 31, 2025. Total current assets were $280,862 thousand as of March 31, 2026, compared to $284,836 thousand as of December 31, 2025. Total assets were $388,226 thousand as of March 31, 2026, compared to $388,256 thousand as of December 31, 2025. Total liabilities were $50,043 thousand as of March 31, 2026, compared to $51,798 thousand as of December 31, 2025. Total stockholders’ equity was $338,183 thousand as of March 31, 2026, compared to $336,458 thousand as of December 31, 2025.<h4>Operational Highlights</h4>CEVA, Inc. signed 14 IP licensing agreements during the quarter, including multi-technology engagements. A significant customer win was secured for the Bluetooth High Data Throughput (HDT) solution, which incorporates CEVA, Inc.’s internally developed RF technology. Customer engagements expanded in 5G NTN and Ultra-Wideband technologies, and CEVA, Inc.’s AI technology was integrated into the Renesas R-Car V4H platform for the 2026 Toyota RAV4. Additionally, a collaboration with NXP for software-defined vehicle processors was announced. Royalty revenues saw strong contributions from Wi-Fi, cellular IoT, 5G infrastructure, and automotive AI, with record Wi-Fi shipments, though this was partially offset by softness in smartphones.<h4>Outlook / Guidance</h4>The report indicates CEVA, Inc.’s forward-looking statements regarding its positioning for future growth, market position, and long-term targets, without providing specific quantitative forecasts for future financial measures for the upcoming quarter or the full year 2026. The company aims to strengthen the long-term royalty potential of its business through a shift towards higher-value, multi-technology engagements. CEVA, Inc. also continues to manage the impact of a weaker U.S. dollar.

CEVA | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 27.02 M