🔴 CEVA is trading 12.08% down in pre-market after royalty growth lagged licensing gains

CEVA is trading 12.08% down at $34.00 after its second-quarter 2026 earnings release highlighted mixed operating results.

• Licensing and related revenue rose 21% year over year to $18.2 million, a three-year high.
• Royalty revenue increased 1% to $10.8 million.
• Investors also weighed COO Michael Boukaya’s departure, offsetting the earnings beat and strong AI licensing momentum. [Earnings Report ID: 6a79be4b2adc7aab4d45cfcd]