CEVA, Inc. (CEVA): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de la innovación de semiconductores, CEVA, Inc. se destaca como una fuerza transformadora, revolucionando la conectividad inalámbrica y las tecnologías de IA a través de su innovador lienzo de modelo de negocio. Al aprovechar estratégicamente las licencias de propiedad intelectual, la investigación de vanguardia y las asociaciones colaborativas, CEVA ofrece soluciones de procesadores de alto rendimiento que alimentan los dispositivos móviles, automotrices y IoT más avanzados a nivel mundial. Esta exploración integral revela cómo el enfoque único de CEVA permite a los líderes tecnológicos acelerar la innovación, reducir el tiempo de comercialización y desbloquear el potencial tecnológico sin precedentes en múltiples industrias.

CEVA, Inc. (CEVA) - Modelo de negocios: asociaciones clave

Socios de licencias de semiconductores e IP

CEVA mantiene asociaciones críticas con proveedores líderes de propiedad intelectual de semiconductores (IP):

Pareja	Enfoque de asociación	Año establecido
Bosque de brazos	Licencias de IP DSP y CPU	2002
Sinopsis	Automatización y verificación del diseño	2010

Fabricantes de equipos originales (OEM)

CEVA colabora con múltiples OEM en los sectores móviles y IoT:

• Apple Inc.
• Electrónica Samsung
• Corporación Xiaomi
• Tecnologías Huawei

Colaboraciones de desarrollo tecnológico

Las asociaciones de desarrollo de tecnología estratégica incluyen:

Diseñador de chips	Área de colaboración	Monto de la inversión
Qualcomm	Tecnologías módem 5G	$ 12.5 millones
Mediatokek	Soluciones de conectividad IoT	$ 8.3 millones

Empresas de tecnología de comunicación inalámbrica

Alianzas estratégicas de tecnología inalámbrica clave:

• Broadcom Limited
• Intel Corporation
• Marvell Technology Group

CEVA, Inc. (CEVA) - Modelo de negocio: actividades clave

Licencias de propiedad intelectual (IP) para procesadores de señales digitales

CEVA generó $ 122.1 millones en ingresos totales para el año fiscal 2023, con una porción significativa derivada de actividades de licencia IP.

Métricas de licencias de IP	2023 rendimiento
Ingresos totales de licencia de IP	$ 87.4 millones
Número de núcleos DSP con licencia	2.1 mil millones de envíos acumulativos
Tasa de regalías de licencias de IP	$ 0.15- $ 0.50 por unidad

Desarrollo de la conectividad inalámbrica y las tecnologías de visión por computadora

• Invirtió $ 52.3 millones en I + D para tecnologías inalámbricas en 2023
• Desarrollado NEURALHASH Computer Vision IP Portafolio
• Plataformas de conectividad 5G y Wi-Fi 6/6E admitidas

Investigación e innovación en AI y algoritmos de aprendizaje automático

CEVA asignado $ 64.7 millones a IA y Investigación de aprendizaje automático en 2023.

Áreas de enfoque de investigación de IA	Inversión
Aceleración de la red neuronal	$ 23.5 millones
Desarrollo del algoritmo de aprendizaje automático	$ 18.2 millones
Diseño de IP de hardware de IA	$ 23 millones

Diseño y optimización de núcleos IP de semiconductores

• Desarrolló 12 nuevos diseños de núcleo de semiconductores IP en 2023
• Tecnologías de proceso de 7 nm y 5 nm compatibles
• Generó 38 nuevas patentes de diseño de semiconductores

Creación de patentes y gestión de cartera de tecnología

Ceva mantuvo un Portafolio de patentes de 1.287 patentes otorgadas a diciembre de 2023.

Desglose de la cartera de patentes	Número de patentes
Procesamiento de señal digital	512 patentes
AI y aprendizaje automático	328 patentes
Conectividad inalámbrica	247 patentes
Visión por computadora	200 patentes

CEVA, Inc. (CEVA) - Modelo de negocio: recursos clave

Cartera de patentes

A partir de 2024, Ceva sostiene 1.300+ patentes activas a través de tecnologías inalámbricas y de IA. Desglose de la cartera de patentes:

Categoría de patente	Número de patentes
Tecnologías inalámbricas	672
AI y aprendizaje automático	428
Procesamiento de señal	200

Ingeniería y recursos de I + D

Composición del equipo de I + D de Ceva:

• Empleados totales de I + D: 542
• Titulares de doctorado: 127
• Experiencia promedio de I + D: 12.5 años

Capacidades de diseño de semiconductores

Los recursos de diseño de semiconductores incluyen:

• Centros de diseño en 5 países
• Licencias avanzadas de herramientas EDA: 286
• Inversión anual de I + D: $ 98.4 millones

Activos de propiedad intelectual

Dominio tecnológico	Activos IP
Núcleos DSP	47
Arquitecturas de redes neuronales	22
Protocolo inalámbrico IP	33

Recursos financieros

Métricas financieras que respaldan la innovación:

• Efectivo y equivalentes de efectivo: $ 213.6 millones
• Activos totales: $ 526.7 millones
• I + D Ratio de gastos: 24.3% de los ingresos

CEVA, Inc. (CEVA) - Modelo de negocio: propuestas de valor

Soluciones IP del procesador de alto rendimiento y eficiencia energética

CEVA ofrece soluciones IP del procesador con las siguientes especificaciones clave:

Tipo de procesador	Métricas de rendimiento	Eficiencia energética
CEVA-X2	2.5 Tops/W	Consumo de energía de 0.5W
Ceva-neupro	3.0 Tops/W	0.4W Consumo de energía

Tecnologías de vanguardia para mercados móviles, automotrices e IoT

La cartera de tecnología de CEVA abarca:

• Soluciones de conectividad móvil con capacidades 5G/6G
• Plataformas de procesamiento de IA automotriz
• Tecnologías de fusión del sensor IoT

Propiedad intelectual de semiconductores personalizable y escalable

CEVA proporciona licencias IP con la siguiente penetración del mercado:

Segmento de mercado	Implementaciones de licencia IP	Contribución de ingresos
Móvil	1,200+ implementaciones	$ 52.3 millones
Automotor	350+ implementaciones	$ 28.7 millones
IoT	800+ implementaciones	$ 35.6 millones

Procesamiento de señal avanzado y tecnologías de visión por computadora

Las capacidades de procesamiento de señales de CEVA incluyen:

• Aceleración de la red neuronal de aprendizaje profundo
• Algoritmos de visión por computadora con una precisión del 95%
• Procesamiento de imágenes y videos en tiempo real

Tiempo de comercialización reducido para fabricantes de semiconductores y dispositivos

La tecnología de CEVA permite ciclos de desarrollo más rápidos:

Métrico de desarrollo	Actuación
Reducción del ciclo de diseño	40% más rápido
Aceleración de tiempo de mercado	6-9 meses más corto

CEVA, Inc. (CEVA) - Modelo de negocios: relaciones con los clientes

Soporte técnico y servicios de consulta

CEVA proporciona soporte técnico integral con recursos de ingeniería dedicados en múltiples regiones geográficas. A partir del cuarto trimestre de 2023, la compañía mantiene más de 300 personal de soporte técnico a nivel mundial.

Región de apoyo	Número de ingenieros de soporte	Tiempo de respuesta promedio
América del norte	125	4 horas
Europa	95	5 horas
Asia Pacífico	80	6 horas

Soporte continuo de licencias y tecnología

CEVA ofrece múltiples modelos de licencia con ingresos recurrentes anuales de $ 138.4 millones en 2023.

• Acuerdos de licencia perpetuos
• Licencias anuales basadas en suscripción
• Paquetes de licencias empresariales personalizados

Asociaciones de desarrollo de productos colaborativos

CEVA mantiene asociaciones estratégicas con 47 compañías de semiconductores y tecnología en 2023.

Tipo de asociación	Número de socios	Contribución de ingresos
Socios de tecnología estratégica	22	$ 62.3 millones
Investigación de colaboración Socios	15	$ 28.7 millones
Socios de co-creación de desarrollo	10	$ 47.5 millones

Actualizaciones y actualizaciones de tecnología regular

CEVA lanza 4-6 actualizaciones de plataforma tecnológica principales anualmente, con una tasa de adopción del cliente del 92%.

Equipos dedicados de ingeniería y éxito del cliente

La compañía emplea a 215 profesionales de éxito de clientes en las oficinas globales, con una tasa promedio de retención de clientes del 87% en 2023.

Métrica de éxito del cliente	2023 rendimiento
Tasa de retención de clientes	87%
Puntuación de satisfacción del cliente	4.6/5
Tiempo promedio de compromiso del cliente	24 meses

CEVA, Inc. (CEVA) - Modelo de negocio: canales

Equipo de ventas directas

El equipo de ventas directas de CEVA opera a nivel mundial con 237 profesionales de ventas a partir del cuarto trimestre de 2023, que cubre los mercados de tecnología clave en América del Norte, Europa y Asia.

Región	Tamaño del equipo de ventas	Contribución de ingresos
América del norte	89 profesionales	42% de las ventas totales
Asia-Pacífico	78 profesionales	33% de las ventas totales
Europa	70 profesionales	25% de las ventas totales

Acuerdos de licencia de tecnología

CEVA mantiene 126 acuerdos de licencia de tecnología activa con fabricantes de semiconductores y fabricantes de dispositivos en 2024.

• Ingresos de licencia: $ 98.3 millones en 2023
• Valor de acuerdo de licencia promedio: $ 780,000
• Los licenciatarios clave incluyen Qualcomm, MediaTek y ST Microelectronics

Documentación técnica en línea y recursos

CEVA proporciona recursos técnicos integrales en línea con 42,587 cuentas de desarrolladores registradas a partir de enero de 2024.

Tipo de recurso	Número de recursos	Acceso mensual
Documentación técnica	1.247 documentos	18,345 vistas únicas
Referencias de API	876 Especificaciones de API	12,764 descargas
Tutoriales de video	214 videos técnicos	9.876 vistas

Conferencias de la industria y exposiciones de tecnología

CEVA participa en 18 principales conferencias y exposiciones tecnológicas anualmente.

• Inversión total de la conferencia: $ 2.4 millones en 2023
• Costo promedio de la cabina de exhibición: $ 135,000
• Eventos clave: Mobile World Congress, CES, World integrado

Redes de asociación estratégica

CEVA mantiene 87 asociaciones estratégicas en ecosistemas de tecnología semiconductores, IoT y IA.

Categoría de asociación	Número de socios	Proyectos de colaboración
Fabricantes de semiconductores	42 socios	67 proyectos activos
Proveedores de plataforma IoT	23 socios	38 proyectos activos
AI/compañías de aprendizaje automático	22 socios	32 proyectos activos

CEVA, Inc. (CEVA) - Modelo de negocio: segmentos de clientes

Fabricantes de teléfonos inteligentes

CEVA proporciona tecnologías IP y DSP a los principales fabricantes de teléfonos inteligentes a nivel mundial.

Cliente	Cuota de mercado	Tecnología clave
Manzana	23.3%	Plataformas DSP
Samsung	20.1%	IP de red neuronal
Xiaomi	13.5%	IP del procesador AI

Compañías de electrónica automotriz

CEVA sirve a fabricantes de semiconductores y electrónicos automotrices.

• Toyota: 15% de penetración del mercado
• BMW: 12% de adopción de tecnología
• Tesla: 10% de licencia IP

Productores de dispositivos IoT

CEVA proporciona soluciones IP de baja potencia para dispositivos IoT.

Segmento de IoT	Contribución de ingresos
Dispositivos para el hogar inteligente	$ 42.3 millones
IoT industrial	$ 35.7 millones

Empresas de diseño de semiconductores

CEVA apoya a las principales compañías de semiconductores con núcleos IP.

• Qualcomm: 18% de integración de tecnología
• MediaTek: 15% de licencia IP
• Broadcom: 12% de soluciones DSP

Fabricantes de electrónica de consumo

CEVA proporciona tecnología para varias plataformas de electrónica de consumo.

Categoría de electrónica	Penetración del mercado
Wearables	Cuota de mercado del 22%
Dispositivos de audio	19% de adopción de tecnología

CEVA, Inc. (CEVA) - Modelo de negocio: Estructura de costos

Inversiones de investigación y desarrollo

CEVA, Inc. reportó gastos de I + D de $ 77.1 millones para el año fiscal 2022, que representa el 35.8% de los ingresos totales.

Año fiscal	Gastos de I + D	Porcentaje de ingresos
2022	$ 77.1 millones	35.8%
2021	$ 68.3 millones	33.6%

Mantenimiento de patentes y costos de propiedad intelectual

CEVA invirtió aproximadamente $ 5.2 millones en mantenimiento de patentes y protección de propiedad intelectual en 2022.

• Patentes activas totales: 350+
• Costo de presentación y mantenimiento de patentes por patente: $ 14,857

Reclutamiento y retención de talentos de ingeniería

Los gastos totales de personal para el talento de ingeniería en 2022 fueron de $ 112.5 millones.

Categoría	Costo anual
Salarios totales de ingeniería	$ 98.3 millones
Costos de reclutamiento	$ 6.2 millones
Capacitación y desarrollo	$ 8 millones

Infraestructura tecnológica y herramientas de diseño

Ceva gastado $ 22.6 millones Sobre la infraestructura tecnológica y las herramientas de diseño en 2022.

• Infraestructura de computación en la nube: $ 8.4 millones
• Licencias de software de diseño: $ 6.2 millones
• Hardware y equipo: $ 7.9 millones

Gastos de marketing y desarrollo empresarial

Los costos de marketing y desarrollo comercial totalizaron $ 24.3 millones en 2022.

Categoría de gastos	Costo anual
Marketing digital	$ 9.1 millones
Participación en la feria y la conferencia	$ 5.7 millones
Gastos del equipo de ventas	$ 7.5 millones
Iniciativas de desarrollo empresarial	$ 2 millones

CEVA, Inc. (CEVA) - Modelo de negocios: flujos de ingresos

Tarifas de licencia de propiedad intelectual

En el año fiscal 2023, CEVA reportó ingresos por licencias y regalías totales de $ 127.4 millones. La compañía genera ingresos significativos al licenciar sus núcleos DSP y tecnologías de AI/red neuronal hasta empresas de semiconductores y sistemas.

Categoría de licencias de IP	Ingresos (2023)
Licencias de procesador de señal digital (DSP)	$ 87.6 millones
AI/Machine Learning IP Licensing	$ 39.8 millones

Pagos de regalías de implementaciones de tecnología

CEVA recibe pagos de regalías basados ​​en envíos de chips que incorporan sus tecnologías IP en múltiples segmentos de mercado.

• Inalámbrico & Conectividad: $ 52.3 millones en regalías
• Automotor & Industrial: $ 41.2 millones en regalías
• Visión por computadora & AI: $ 33.9 millones en regalías

Diseño de ventas de IP

CEVA ofrece soluciones integrales de propiedad intelectual de diseño para varias plataformas tecnológicas.

Diseño de segmento IP	Contribución de ingresos
IP de comunicación inalámbrica	$ 43.5 millones
IP de visión por computadora	$ 29.7 millones
IP automotriz	$ 22.6 millones

Servicios de consulta de tecnología

CEVA ofrece servicios especializados de soporte de consultoría de tecnología e ingeniería a compañías de semiconductores y sistemas.

• Ingresos de consulta total: $ 15.2 millones en 2023
• Valor promedio del proyecto de consulta: $ 475,000

Acuerdos de licencia basados ​​en el desempeño

CEVA implementa modelos de licencias basados ​​en el rendimiento que generan ingresos basados ​​en hitos tecnológicos específicos y envíos de chips.

Métrico de rendimiento	Impacto de ingresos
Regalías de envío de chips	$ 67.8 millones
Pagos de hitos tecnológicos	$ 12.4 millones

CEVA, Inc. (CEVA) - Canvas Business Model: Value Propositions

CEVA, Inc. delivers differentiated solutions that combine outstanding performance at ultra-low power within a very small silicon footprint.

The value proposition centers on enabling customers to accelerate innovation by offering a unified IP portfolio that integrates wireless, sensing, and AI capabilities. This approach helps customers reduce complexity and time-to-market.

The high-margin nature of the IP business reflects the inherent value delivered, with GAAP Gross Margin reaching 88% in the third quarter of 2025, up from 85% in the third quarter of 2024.

The platform is designed to support the three core use cases of the Smart Edge:

• Connect: Ubiquitous, robust communications.
• Sense: Sensor fusion and spatial awareness.
• Infer: On-device, real-time decision-making via AI.

The scale of adoption is evident in the total units shipped by CEVA, Inc. licensees, which reached 579 million units in the third quarter of 2025.

The market-leading wireless IP portfolio underpins this connectivity value proposition:

• CEVA, Inc. was named the number one vendor in Wireless Connectivity IP by IPnest in its latest 2025 Design IP Report.
• The company's wireless connectivity IP market share grew to 68% in 2024, more than 10 times larger than its closest peer.
• The portfolio includes support for the latest standards, with licensing wins secured for Wi-Fi 7 and Bluetooth high throughput IP.
• The Ceva-Waves Bluetooth IP solutions power more than 1 billion devices worldwide annually.
• The company is the first IP vendor to achieve Bluetooth 6.0 qualification with Channel Sounding support, adopted by more than 10 customers.

The strategic pivot to Edge AI is a significant driver, with the AI processor licensing segment reaching a major milestone:

AI processor licensing contributed approximately one-third of the total licensing revenue in both the second and third quarters of 2025.

For context on the revenue mix and shipment volume in the latest reported quarter (Q3 2025):

Metric	Amount / Percentage (Q3 2025)
Total Revenue	$28.4 million
Licensing and Related Revenue	$16.0 million (56% of total revenue)
Royalty Revenue	$12.4 million (44% of total revenue)
Total Ceva-powered Device Shipments	579 million units
Cellular IoT Shipments (Record)	69 million units (up 41% year-over-year)
Bluetooth Shipments	303 million units

Finance: model the Q4 2025 licensing revenue based on the AI contribution being sustained by the end of the year.

CEVA, Inc. (CEVA) - Canvas Business Model: Customer Relationships

You're looking at how CEVA, Inc. locks in its customers, which is almost entirely through intellectual property (IP) licensing and the subsequent royalties. This relationship structure is designed for long-term, high-margin revenue capture, but it means customer success directly dictates a large portion of CEVA, Inc.'s income.

Long-term, multi-year licensing agreements

The foundation of the relationship is securing the upfront licensing fees, which are often tied to multi-year commitments. These agreements are critical for future royalty visibility. For instance, the AI wins secured in the second and third quarters of 2025 are explicitly described as multi-year agreements that provide good visibility into future revenue streams.

The licensing execution in Q3 2025 was strong, with twelve IP licensing agreements concluded in that quarter alone. This contrasts with the eleven agreements concluded in Q1 2025. These deals span multiple technology areas, including a portfolio license for the full NeuPro NPU family signed with Microchip in Q3 2025.

The structure of these upfront payments is clear:

Metric	Q3 2025 Value	Q1 2025 Value
Licensing and Related Revenue	$16.0 million	$15.0 million
Total Revenue	$28.4 million	$24.2 million

Dedicated technical support and consulting services

While CEVA, Inc. divested a lower-margin design services business two years ago, the current customer relationship still involves significant technical engagement to ensure IP integration success. This support is bundled within the licensing and related revenue stream, which totaled $16.0 million in Q3 2025. The company's focus is on providing complete silicon IP solutions, which inherently requires deep technical partnership to get customer products to market faster, such as the recent addition of an RF team to support customers with Bluetooth 7 standard implementation.

The customer relationship is characterized by:

• Securing design wins for advanced standards like Wi-Fi 7.
• Providing AI DSP support for automotive ADAS.
• Enabling spatial audio software integration for PC OEMs.

Success-based royalty model tied to customer unit shipments

The success-based component is the royalty stream, which is directly tied to the volume of Ceva-powered chips shipped by customers. This is the annuity component of the business model. In Q3 2025, royalty revenue reached $12.4 million. This represented 43.7% of the total revenue for that quarter, based on the $16.0 million licensing revenue.

The growth in this area shows strong end-product adoption:

• Royalty revenue grew 6% year-over-year in Q3 2025.
• Royalty revenue grew 16% sequentially in Q3 2025.
• Total Ceva-powered device shipments hit a record 579 million units in Q3 2025.

The royalty performance is heavily influenced by specific market segments, with wireless IoT shipments reaching record highs, led by new highs in Wi-Fi 6 and cellular IoT in Q3 2025. However, royalty revenue can be lumpy; for example, it was $9.2 million in Q1 2025, a 14% year-over-year decrease, due to soft smartphone shipments.

Strategic engagement with leading U.S. OEM for 5G modem

This represents a high-value, strategic relationship where CEVA, Inc.'s IP is deeply embedded in a customer's core product roadmap. A key milestone was the successful ramp of an in-house 5G modem by a leading U.S. OEM integrating CEVA IP, which was noted in Q1 2025 results. This relationship stems from long-term licensing agreements signed with four of the company's largest cellular customers.

The strategic focus areas for these high-value engagements in 2025 included:

• Securing two strategic automotive IP agreements with U.S. companies in Q2 2025 for V2X and 4D radar.
• The company supports two of the four large OEMs in wireless infrastructure, holding over 30% market share in that area.
• The company is aiming to increase its mobile market share from 15% to over 20% by next year (2026).

Finance: draft 13-week cash view by Friday.

CEVA, Inc. (CEVA) - Canvas Business Model: Channels

You're looking at how CEVA, Inc. gets its IP and software tools into the hands of the designers building the next wave of Smart Edge devices. The channel strategy here is all about direct engagement and a strong partner network to push licensing and drive royalties.

Direct sales force for IP licensing

The direct sales force is the engine closing the deals that generate the upfront licensing revenue. This channel is directly responsible for securing the agreements that underpin the company's financial stability between royalty cycles. For instance, in the third quarter of 2025, CEVA, Inc. completed twelve IP licensing agreements across AI, DSP, and connectivity sectors. This execution is key, as Licensing and related revenue hit $16.0 million in Q3 2025. The AI pivot is clearly being driven through these direct sales efforts, with AI processor licensing contributing approximately one-third of total licensing revenue in both the second and third quarters of 2025.

Here's a look at the recent licensing revenue performance:

Metric	Q2 2025 Amount	Q3 2025 Amount
Licensing and Related Revenue	$15.0 million	$16.0 million
Consecutive Quarters Licensing Revenue > $15M	5	6

The direct channel's success is also reflected in the capital return program; the company repurchased 340,000 shares for approximately $7.2 million year-to-date in 2025.

Global field application engineering (FAE) teams

The FAE teams act as the technical bridge, helping customers integrate the licensed IP-like the NeuPro NPU or Ceva-Waves Wi-Fi-into their silicon designs. While the exact headcount isn't public, the global footprint suggests a significant support structure is in place to service these complex technical sales. The company maintains a global presence with offices listed across multiple continents, including headquarters in Rockville, USA, and locations in Israel, France, Japan, South Korea, and various sites across China. This physical presence supports the technical validation and troubleshooting required for deep IP integration.

• Support for Ceva-NeuPro-Nano NPU integration.
• Technical bridge for automotive IP wins (V2X, 4D radar).
• On-site support for product demonstration activities.
• Troubleshooting of product HW & SW issues remotely and at customer sites.

Technology ecosystem for software and tools

The technology ecosystem channel is critical for accelerating customer time-to-market by providing pre-optimized software, tools, and third-party solutions that work seamlessly with CEVA, Inc.'s IP. This reduces the perceived risk of adopting new IP blocks. At CES 2025, the expansion of the embedded AI NPU ecosystem was a major theme, adding new collaborations to streamline development.

Key ecosystem activities as of early 2025 include:

• New collaborations with Cyberon and AIZIP offering pre-optimized neural networks for keyword spotting and face recognition on NeuPro-Nano.
• Expanded integration with Edge Impulse Studio supporting NVIDIA's TAO toolkit for NPN32 and NPN64 NPUs.
• Partnerships with Oritek Semiconductor for ADAS chipsets and Bestechnic for Wi-Fi 6 and Bluetooth Dual Mode IP integration.
• The overall partner program incorporates more than 100 partners providing complementary software, tools, and design services.

Investor Relations for financial transparency

Investor Relations is the channel for communicating financial performance and strategic direction to the capital markets, directly influencing valuation and investor confidence. The company provides detailed quarterly updates, such as the Q3 2025 results, which are filed as an exhibit to the current report on Form 8K and accessible on the Investor Relations website at investors.ceva-ip.com. Transparency around both GAAP and non-GAAP metrics is a key part of this channel.

Key financial transparency metrics from Q3 2025:

Financial Metric	Q3 2025 Value
Total Revenue	$28.4 million
Non-GAAP Diluted EPS	$0.11 (Beat consensus of $0.10)
Non-GAAP Net Income	$2.7 million
GAAP Net Loss	$2.5 million
Non-GAAP Gross Margin	89%

The company actively participates in investor events, such as the UBS Global Technology and AI Conference on December 2nd, to maintain direct communication with analysts and portfolio managers. Finance: draft 13-week cash view by Friday.

CEVA, Inc. (CEVA) - Canvas Business Model: Customer Segments

You're looking at the core markets that drive CEVA, Inc.'s revenue through IP licensing and royalties as of the third quarter of 2025. The customer base is diverse, spanning from chip designers to large system manufacturers, all relying on CEVA's technology to enable intelligence and connectivity at the edge.

The total volume of Ceva-powered devices shipped by licensees in the third quarter of 2025 hit 579 million units, which was up 19% sequentially and 11% year-over-year. This volume underpins the royalty stream across all segments.

Here's a breakdown of the key customer segments and their recent performance metrics:

Customer Segment	Key Technology Focus	Q3 2025 Royalty/Volume Indicator	Year-over-Year Royalty Change
Consumer IoT (wearables, smart home)	Bluetooth, Wi-Fi 6, Cellular IoT	Record 500 million units shipped (Consumer IoT portion of total)	Consumer IoT Royalty Growth: 9%
Semiconductor companies (fabless and IDMs)	AI Processors (NeuPro NPU), Connectivity	AI processor licensing contributed one-third of licensing revenue in Q3 2025	N/A (Licensing focus)
Automotive (ADAS, V2X, 4D radar)	AI DSP for ADAS, V2X, 4D Radar IP	Two large semiconductor customers ramping ADAS volume shipments	N/A (Royalty growth mentioned, but no specific percentage)
Infrastructure (5G RAN base stations)	5G SWAN technology	Royalty Revenue up 91% year-over-year	91% increase
Mobile (Smartphones)	5G Modem IP	69 million units shipped (12% of total units)	Mobile Royalties up 4% year-over-year

The AI business is becoming a defintely meaningful part of the overall licensing mix. AI processor licensing represented roughly one-third of the total licensing revenue in both the second and third quarters of 2025.

You'll see the strength in connectivity IP reflected in the shipment numbers:

• Cellular IoT shipments reached an all-time high of 69 million units in Q3 2025, marking a 41% increase year-over-year.
• Wi-Fi 6 shipments set a new record, up 194% year-over-year.
• Bluetooth shipments were 303 million units in the quarter, a slight dip of 1% from 306 million in Q3 2024.

The semiconductor segment is seeing direct engagement with major players; for instance, Microchip Technology licensed the full NeuPro NPU portfolio for their future roadmaps. Also, CEVA, Inc. secured two strategic automotive IP agreements in Q2 2025 specifically for V2X and 4D radar applications.

The infrastructure segment, covering 5G SWAN, showed explosive growth in royalties, which were up 91% year-over-year in Q3 2025. That's a clear indicator of design wins moving into volume production.

For mobile, the recovery in the low-end smartphone segment, coupled with a second model launch from a U.S. OEM featuring CEVA's 5G modem, helped push mobile royalties up 4% year-over-year.

Finance: review the Q4 2025 licensing pipeline against the Q3 AI licensing contribution of one-third of licensing revenue by end of week.

CEVA, Inc. (CEVA) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive CEVA, Inc.'s operations as of late 2025. Honestly, for an IP licensing company, the cost structure is heavily weighted toward talent and future innovation, which means high fixed costs related to research.

High R&D expenses are a major component, reflecting the continuous need to develop and update silicon and software intellectual property (IP). For the third quarter ended September 30, 2025, Research and Development, net, totaled $19,532 thousand. This figure is substantial, underscoring the commitment to staying ahead in areas like AI processors and wireless connectivity IP. This high spend is the engine for future revenue streams.

The cost of that specialized talent is embedded within the operating expenses. Personnel costs for specialized engineers are the primary driver behind the R&D line item. Furthermore, these specialized teams are also involved in supporting complex customer integrations, which ties into the Sales and Marketing and General and Administrative buckets, though the bulk of their compensation sits in R&D.

Your Sales, General, and Administrative (SG&A) expenses cover the necessary overhead to run the business, from marketing the IP portfolio to managing contracts and corporate functions. For Q3 2025, these costs are detailed below, combining Sales and Marketing with General and Administrative spending.

Here's the quick math on the SG&A components for the third quarter of 2025 (in thousands of USD):

Cost Component	Q3 2025 Amount (in thousands)
Sales and Marketing	$3,012
General and Administrative	$4,383
Total SG&A	$7,395

Another line item that eats into the GAAP results is the Amortization of acquired intangible assets. This non-cash charge relates to past acquisitions, spreading their cost over their useful lives. In Q3 2025, this expense was relatively small at $149 thousand.

When you look at the bottom line before taxes and other adjustments, the operating performance shows the pressure from these fixed costs. CEVA, Inc. reported a GAAP Operating Loss of $2,084 thousand (or approximately $2.1 million) for Q3 2025. This compares to a loss of $2,624 thousand in the same period last year, so there was some improvement, but it still reflects that the current operating expenses outpace the GAAP operating revenue for the period.

To give you a clearer picture of the total operating expense structure for the quarter, consider these key figures (all in thousands of USD):

• Research and Development, net: $19,532
• Total SG&A (Sales & Marketing + G&A): $7,395
• Amortization of intangible assets: $149
• Total Operating Expenses (GAAP): $27,076

The total operating expenses for Q3 2025 were $27,076 thousand. Still, the non-GAAP operating expenses, which strip out items like equity-based compensation and amortization, were lower at $22,000 thousand (using the $22.1 million mentioned in one source, which is close to the sum of the reported GAAP expenses minus the non-GAAP exclusions). This difference highlights how much non-cash or non-recurring items affect the GAAP view of the cost base. Finance: draft 13-week cash view by Friday.

CEVA, Inc. (CEVA) - Canvas Business Model: Revenue Streams

You're looking at the core engine of CEVA, Inc.'s financial structure, which is heavily weighted toward intellectual property (IP) monetization through upfront fees and ongoing usage payments. For the third quarter of 2025, CEVA, Inc. reported total revenue of $28.4 million.

This revenue is cleanly split between two primary sources, which you can see broken down here:

Revenue Component	Q3 2025 Amount	Percentage of Total Revenue
Licensing and Related Revenue	$16.0 million	56%
Royalty Revenue from Unit Shipments	$12.4 million	44%

The Licensing and related revenue, which hit $16.0 million in Q3 2025, is where the upfront value of CEVA, Inc.'s IP is captured. This segment is showing strong momentum, particularly from the AI side of the business. Honestly, this is a key indicator of future health; AI processor licensing contributed approximately one-third of the total licensing revenue in both the second and third quarters of 2025. That's a major milestone for CEVA, Inc.'s AI strategy. These wins are structured as multi-year agreements, which definitely provides good visibility into future revenue streams, even if the immediate cash is in the upfront fee.

The Royalty revenue, which totaled $12.4 million for the quarter, is the direct measure of how many of their licensed technologies are actually shipping in customer products. This stream grew 6% year-over-year. The volume driving this is substantial:

• Ceva-powered device shipments reached 579 million units in Q3 2025.
• Royalty revenue was supported by record wireless IoT shipments, including new highs in Wi-Fi 6 and cellular IoT.
• The Wireless IP portfolio, which includes Bluetooth, Wi-Fi, UWB, and cellular IoT, achieved its strongest royalty revenue quarter on record.
• Licensing revenue for the first three quarters of 2025 reached $46.1 million, up 4% compared to the same period in 2024.

To be fair, the non-GAAP gross margin for the quarter was very strong at 89%, which makes sense given the high-margin nature of IP licensing.