For the third quarter of 2026, analysts expect CEVA Inc to report consensus revenue of $32.71 million and earnings per share of $0.19, with the current stock price of $29.63 trading below the average analyst price target of $42.63.
Investors are primarily focused on the growth trajectory of high-margin licensing revenue, which is expected to benefit from recent design wins in the High-Performance Computing (HPC) and Edge AI segments.
Management recently highlighted record-breaking connectivity shipments, and the market is looking for these volumes to translate into sustained royalty revenue growth across Bluetooth and Wi-Fi platforms.
Additionally, the deployment of the NeuPro-Nano NPU family for consumer AIoT devices is viewed as a critical driver for CEVA's long-term competitive positioning in the silicon IP market.