🔴 CEVA is trading 5.2% down in pre-market despite Q2 earnings beat and 13% revenue growth

CEVA is trading at $36.68 (-5.15%) in pre-market after reporting second-quarter 2026 results before the open and beating expectations.

• Revenue rose 13% year over year, while licensing revenue reached $18.2 million, a three-year high.
• The decline indicates a negative initial market reaction and may reflect profit-taking after CEVA’s 8.65% gain on August 7.
• Earnings were scheduled for August 10 before the Nasdaq open.