CEVA is trading 10.69% down at $34.54 after sluggish royalty growth and an announced COO transition overshadowed a second-quarter earnings beat.
- Licensing and related revenue rose 21% year over year to $18.2 million; royalty revenue increased only 1% to $10.8 million.
- Michael Boukaya is leaving as COO but will remain through December 31, 2026.
- Company-specific move followed CEVA’s August 10 earnings release and conference call; CEVA gained 8.65% August 7 as the broader market was modestly weaker.