CEVA (CEVA) Posts Record Q4 Revenue on Strong Licensing and Wi-Fi Growth

CEVA Inc. (NASDAQ:CEVA) is one of the best small cap tech stocks with high upside potential. On February 17, CEVA concluded 2025 with a record-breaking Q4, generating $31.3 million in revenue, which was a 7% increase year-over-year. This was driven by an 11% rise in licensing revenue and strong demand for connectivity, particularly in Wi-Fi, where shipments grew 31% over the previous year.

The company maintained exceptional profitability with non-GAAP gross margins reaching 89% and non-GAAP net income surging 86% to $4.9 million. These results reflect a successful push into the AI sector, with the company signing 18 licensing agreements in the quarter, including significant deals for its Neural Processing Unit technology

For 2026, CEVA Inc. (NASDAQ:CEVA) expects revenue growth between 8% and 12%, with non-GAAP operating income projected to climb as much as 40%. The CEO highlighted the company’s expanding NPU pipeline and noted recent design wins with top PC OEMs for AI-integrated chips as a major growth catalyst.

CEVA Inc. (NASDAQ:CEVA) provides silicon and software IP solutions to semiconductor and original equipment manufacturer companies in the US, Europe, the Middle East, the Asia Pacific, and internationally.

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