CEVA stock rises 2.16 percent after Q2 outlook improves

CEVA stock was trading at USD 34.08 on Nasdaq on September 23, 2026, up 2.16 percent during the session. The move follows a second quarter in which revenue increased 13 percent year over year to USD 29.033 million.

Licensing revenue sets the pace

According to Benzinga on September 17, 2026, licensing and related revenue rose 21 percent year over year to USD 18.2 million in Q2 2026. That figure represented 63 percent of quarterly revenue and marked the company's strongest licensing quarter in three years.

CEVA signed 10 licensing agreements during Q2 2026, including two with first-time customers and two direct original equipment manufacturer agreements. The mix matters because broader platform engagements can expand future royalty opportunities beyond the initial licensing payment.

Guidance moves to 13 percent

Management raised its full-year 2026 revenue growth outlook to 13 percent to 15 percent from the previous 12 percent target, according to Benzinga. The company also guided for Q3 2026 revenue of USD 30.5 million to USD 34.5 million.

Adjusted earnings per share came in at USD 0.08 versus a USD 0.07 consensus estimate, while quarterly revenue exceeded the USD 28.19 million estimate, according to Zacks on September 22, 2026. The result gives investors two measurable operating signals: faster licensing growth and a higher full-year revenue target.

Stock remains below its yearly high

CEVA stock stood at USD 34.08 on Nasdaq on September 23, 2026, with a market capitalization of USD 949,447,296. The price was 33.95 percent below the 52-week high of USD 51.60 and above the 52-week low of USD 17.02.