# CEVA, Inc. (CEVA)

> Source: Nexqual · https://nexqual.com/CEVA · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, CEVA, Inc. (CEVA), nexqual.com/CEVA" · informational, not investment advice.

**Price:** USD 28.2 (-5.31% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 29.78 · day 27.75–28.9 · 52w 17.02–51.6 · market cap $794M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $116M, net income -$11.0M (-9.5% margin), free cash flow -$1.1M (SEC filings).
- 1 of 80 tracked superinvestors hold CEVA (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (9 analysts), mean target USD 45.56 (range 35–60).
- Total return with dividends: 1Y +2.8% vs S&P 500 +14.9%; 5Y -34.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD 0.19, revenue estimate $32.7M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $114M | $121M | $97.4M | $107M | $110M | $116M |
| Gross profit | $103M | $105M | $85.8M | $94.2M | $95.4M | — |
| Operating income | $7.0M | $3.9M | -$13.5M | -$7.5M | -$11.3M | -$9.6M |
| Net income | $396K | -$23.2M | -$11.9M | -$8.8M | -$10.6M | -$11.0M |
| EPS (diluted) | $0.02 | -$1.00 | -$0.51 | -$0.37 | -$0.44 | — |
| Free cash flow | $23.6M | $3.4M | -$9.2M | $516K | -$6.3M | -$1.1M |
| Gross margin | 90.9% | 87.5% | 88.0% | 88.1% | 87.1% | — |
| Operating margin | 6.2% | 3.2% | -13.8% | -7.1% | -10.4% | -8.3% |
| Net margin | 0.3% | -19.2% | -12.2% | -8.2% | -9.7% | -9.5% |
| Revenue growth | +13.5% | +5.9% | -19.2% | +9.8% | +2.5% | — |
| Cash + short-term investments | $35.6M | $20.5M | $23.7M | $18.8M | $220M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 6.9x · P/B 2.3x · FCF yield -0.13% · Earnings yield -1.38%

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold CEVA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $9.9M | New position |

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 9 analysts; mean target USD 45.56 (low 35, high 60).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | TD Cowen | Target lowered | Buy | $45 → $35 |
| 2026-09-14 | StoneX | Upgrade | Hold → Buy | $42 |
| 2026-08-11 | TD Cowen | Target lowered | Buy | $55 → $45 |
| 2026-08-11 | Oppenheimer | Target lowered | Outperform | $42 → $38 |
| 2026-08-11 | Rosenblatt | Target raised | Buy | $45 → $49 |
| 2026-08-10 | Needham | Target lowered | Buy | $55 → $43 |
| 2026-07-16 | Benchmark | Initiated | Hold |  |
| 2026-07-13 | TD Cowen | Target raised | Buy | $45 → $55 |
| 2026-07-10 | Stifel | Target raised | Buy | $42 → $50 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +2.8% | -34.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +2.9% | -8.2% |
| Volatility (annualized) | 74.3% | 53.8% |
| Max drawdown | -47.6% (Jun 2026→Sep 2026) | -64.7% (Nov 2021→Oct 2023) |

## Peers (Semiconductors)
NVTS (Navitas Semiconductor Corporati) USD 8.49 -7.31% · POWI (Power Integrations, Inc.) USD 47.12 -2.34% · DIOD (Diodes Incorporated) USD 81.64 -8.10% · VSH (Vishay Intertechnology, Inc.) USD 27.03 -9.54% · SYNA (Synaptics Incorporated) USD 117.04 -0.39% · PI (Impinj, Inc.) USD 162.7 -9.01%

## More
Full page: https://nexqual.com/CEVA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.19 | $0.17 | +12.5% | $32.7M | 9 |
| Next quarter (ends 2026-12-31) | $0.25 | $0.25 | -3.0% | $36.3M | 9 |
| Current fiscal year (ends 2026-12-31) | $0.55 | $0.53 | +3.8% | $125.0M | 9 |
| Next fiscal year (ends 2027-12-31) | $0.80 | $0.82 | -2.4% | $141.6M | 9 |