Saturday 17 October 2026
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Ceva, Inc.
CEVA Technology Semiconductors
Ceva, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $109.6 million, up 2.49% from fiscal 2024. In the quarter to June 2026, revenue grew 13.1%, EPS grew 33.3% and free cash flow grew 31.0%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
27.50
1.75
−5.98%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 17.11 | 32.00 | 20.40 | 21.17 | 20.45 | 40.09 | 23.71 | 16.38 | 16.02 | 18.23 |
Analyst estimates 2026–2028 Powerpack |
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| High | 36.81 | 51.80 | 49.75 | 33.16 | 46.50 | 83.95 | 45.80 | 36.29 | 33.44 | 38.94 | |||||
| People | |||||||||||||||
| People | Employees | 270 | 313 | 341 | 382 | 404 | 476 | 485 | 450 | 428 | 424 | ||||
| Revenue/emp, $m | 0.27 | 0.28 | 0.23 | 0.23 | 0.25 | 0.24 | 0.25 | 0.22 | 0.25 | 0.26 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 73 | 88 | 78 | 87 | 100 | 114 | 121 | 97 | 107 | 110 | ||||
| Gross margin, % | 91.62 | 92.05 | 89.79 | 88.40 | 89.29 | 90.88 | 87.45 | 88.04 | 88.06 | 87.08 | |||||
| EBT | 16 | 19 | 1 | 1 | 3 | 9 | 4 | (8) | (3) | (5) | |||||
| EBT margin, % | 22.61 | 21.60 | 1.67 | 1.57 | 2.51 | 8.10 | 3.48 | (8.42) | (2.58) | (4.28) | |||||
| Net income | 13 | 17 | 1 | 0 | (2) | 0 | (23) | (12) | (9) | (11) | |||||
| Depreciation | 4 | 4 | 5 | 6 | 6 | 7 | 8 | 5 | 3 | 4 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 3.48 | 4.02 | 3.53 | 3.97 | 4.54 | 4.99 | 5.20 | 4.15 | 4.53 | 4.51 | ||||
| Earnings | 0.63 | 0.78 | 0.03 | 0.00 | (0.11) | 0.02 | (1.00) | (0.51) | (0.37) | (0.44) | |||||
| Cash flow | 0.69 | 1.12 | 0.39 | 0.44 | 0.69 | 1.13 | 0.30 | (0.27) | 0.15 | (0.14) | |||||
| Capex | (0.11) | (0.19) | (0.24) | (0.49) | (0.13) | (0.10) | (0.15) | 1.18 | (0.13) | 0.02 | |||||
| Free cash flow | 0.58 | 0.93 | 0.15 | (0.05) | 0.55 | 1.03 | 0.15 | 0.91 | 0.01 | (0.12) | |||||
| Book value | 10.15 | 11.24 | 11.16 | 11.45 | 11.80 | 12.13 | 11.17 | 11.26 | 11.29 | 13.85 | |||||
| Shares, m | 21 | 22 | 22 | 22 | 22 | 23 | 23 | 23 | 24 | 24 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 54.19 | 59.55 | 552.25 | 2,696.00 | 0.00 | 2,620.61 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 9.64 | 11.56 | 6.25 | 6.78 | 10.03 | 8.67 | 4.86 | 5.22 | 6.97 | 4.77 | |||||
| P/B | 3.31 | 4.13 | 1.98 | 2.35 | 3.86 | 3.57 | 2.26 | 1.92 | 2.79 | 1.55 | |||||
| EV/Sales | 7.90 | 9.97 | 4.38 | 5.13 | 8.73 | 7.31 | 3.71 | 3.51 | 5.44 | 2.75 | |||||
| EV/FCF | 47.55 | 42.90 | 102.27 | (314.36) | 190.63 | 52.06 | (106.37) | 24.87 | (79.30) | (28.81) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 14 | 24 | 9 | 10 | 15 | 26 | 7 | (6) | 3 | (3) | ||||
| Capex | (2) | (4) | (5) | (11) | (3) | (2) | (3) | 28 | (3) | 1 | |||||
| Free cash flow | 12 | 20 | 3 | (1) | 12 | 24 | 3 | 21 | 0 | (3) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 122 | 136 | 156 | 152 | 139 | 154 | 144 | 182 | 186 | 256 | ||||
| Total debt | — | — | — | 11 | 9 | 8 | 10 | — | — | — | |||||
| Net debt | (127) | (139) | (146) | (145) | (130) | (155) | (138) | (167) | (164) | (222) | |||||
| Shareholders’ equity | 212 | 245 | 246 | 251 | 261 | 277 | 259 | 264 | 267 | 336 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 5.76 | 6.56 | 0.21 | 0.01 | (0.79) | 0.12 | (7.28) | (3.88) | (2.87) | (3.05) | ||||
| ROIC | 10.57 | 9.37 | (0.78) | (1.13) | (0.36) | 3.61 | 2.02 | (8.61) | (4.58) | (6.19) | |||||
| ROE | 6.59 | 7.46 | 0.23 | 0.01 | (0.93) | 0.15 | (8.66) | (4.54) | (3.31) | (3.53) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Ceva, Inc. vs peers in Semiconductors (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| WOLF Wolfspeed, Inc. | $1.4B | — (loss-making) | — | — | n/m | — | 100.00% | 100.00% | Compare |
| AMBQ Ambiq Micro, Inc. | $1.3B | — (loss-making) | — (loss-making) | +89.68% (above 0%: growing) | n/m | +18.56% (above 0%: growing) | 45.03% | (25.74%) | Compare |
| POET POET Technologies Inc. | $1.0B | — (loss-making) | — | +112.25% (above 0%: growing) | n/m | −55.77% (below 0%: shrinking) | 100.00% | (3,542.81%) | Compare |
| AIP Arteris, Inc. | $979.1M | — (loss-making) | — (loss-making) | +46.25% (above 0%: growing) | n/m | +403.35% (above 0%: growing) | 85.05% | (57.63%) | Compare |
| CEVA Ceva, Inc. | $823.5M | — (loss-making) | — (loss-making) | +13.07% (above 0%: growing) | n/m | +31.02% (above 0%: growing) | 87.44% | (7.15%) | |
| AOSL Alpha and Omega Semiconductor Limited | $707.3M | — (loss-making) | — (loss-making) | −3.46% (below 0%: shrinking) | n/m | −45.84% (below 0%: shrinking) | 23.09% | (6.45%) | Compare |
| NVEC NVE Corporation | $501.6M | 26.6× | 17.7× | +80.75% (above 0%: growing) | +78.38% (above 0%: growing) | +27.04% (above 0%: growing) | 81.28% | 65.85% | Compare |
| INDI indie Semiconductor, Inc. | $462.5M | — (loss-making) | — (loss-making) | +23.97% (above 0%: growing) | n/m | −134.86% (below 0%: shrinking) | 36.07% | (54.81%) | Compare |
| LAES SEALSQ Corp. | $445.7M | — | — | — | — | −417.61% (below 0%: shrinking) | — | — | Compare |
| Median of peers | $843.2M | — | — | +63.50% | — | −45.84% | 81.28% | (25.74%) |
Ceva, Inc. (CEVA) key facts
- Strength: Ceva, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $109.6 million, up 2.49% from fiscal 2024.
- Ceva, Inc. (CEVA) is a Semiconductors company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, CEVA traded at $27.50, a market capitalization of $823.5 million.
- Return on equity was −3.53% and debt-to-equity 0.00.
- Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 7.03 (safe zone) for fiscal 2025.