CEVA is trading 10.15% down at $24.35 after its November 9, 2026, third-quarter results missed analyst expectations. - Revenue was $29.1 million versus $32.7 million expected; non-GAAP EPS was $0.13 versus $0.19 expected. Shares were reported down 14% in premarket trading. - Record AI licensing, an 18% sequential rise in royalties, and management’s expectation of a strong fourth quarter were positives. A major connectivity agreement expected in Q3 was signed early in Q4.