---
title: "Ceva Stock Turns Lower Despite Q1 Double Beat"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285964314.md"
description: "CEVA, Inc. (NASDAQ:CEVA) shares initially rose but later fell 4.14% to $35.44 after reporting Q1 results. The company achieved adjusted earnings per share of 4 cents, surpassing estimates of 2 cents, and revenue of $27.02 million, exceeding the $26.12 million forecast. Licensing revenues reached $17.8 million, an 18% year-over-year increase, while AI contributed over 20% to licensing revenues. Despite a strong performance, CEVA's stock has seen a pullback after a significant rise of about 90.7% over the past month."
datetime: "2026-05-11T14:57:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285964314.md)
  - [en](https://longbridge.com/en/news/285964314.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285964314.md)
---

# Ceva Stock Turns Lower Despite Q1 Double Beat

**CEVA, Inc.** (NASDAQ:CEVA) shares were trading higher Monday, but have since reversed and began trading lower after the company reported first-quarter financial results.

-   CEVA stock is approaching key resistance levels. Why did CEVA hit a new high?

## CEVA Q1 Highlights

CEVA reported adjusted earnings per share of 4 cents, beating the consensus estimate of 2 cents. In addition, the company posted revenue of $27.02 million, beating the consensus estimate of $26.12 million and representing a 11% year-over-year increase.

The company said licensing and related revenues totaled $17.8 million in the quarter, up 18% year-over-year and marking the highest level in three years.

Royalty revenues came in at $9.2 million, with smart edge royalties increasing 8% year-over-year, driven by record Wi-Fi shipments and contributions from cellular IoT, 5G infrastructure and automotive AI. CEVA said AI represented more than 20% of licensing and related revenues during the quarter. 

"We delivered a strong start to 2026, highlighted by our highest licensing and related revenues in three years and continued momentum across our connectivity and AI portfolios," said CEO **Amir Panush.**

## CEVA Shares Edge Lower

**CEVA Price Action:** CEVA shares are down 4.14% at $35.44 at the time of publication on Monday, according to Benzinga Pro. Over the past month, CEVA has gained about 90.7% versus a 8.9% rise in the S&P 500 and is up roughly 76% year-to-date compared to the index’s 7.6% gain, which may help explain some of the pullback on Monday.

**Read Also: Stock Market Today: S&P 500, Dow Futures Fall As Trump Rejects 'Totally Unacceptable' Iran Peace Proposal—Micron Technologies, Moderna In Focus**

_This illustration was generated using artificial intelligence via Midjourney._

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