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ROCKVILLE, Md. - Ceva, Inc. (NASDAQ:CEVA), a licensor of silicon and software IP for smart edge technologies, announced Wednesday it has reached a milestone of 20 billion Ceva-powered devices shipped worldwide. The company, currently valued at approximately $517 million, maintains impressive gross profit margins of 87.4% and a strong balance sheet with more cash than debt.
The achievement comes after more than two decades of the company providing technology for various devices ranging from early feature phones to modern AI-powered earbuds, smartwatches, 5G base stations, and ADAS-equipped vehicles. According to InvestingPro analysis, while the stock has faced challenges with a 36.7% decline over the past six months, analysts remain optimistic with a consensus "Buy" recommendation and potential upside based on their target prices.
"Surpassing 20 billion devices is more than a milestone - it’s a testament to Ceva’s role as a trusted innovation partner to the world’s leading technology companies," said Amir Panush, CEO of Ceva.
The company’s technology serves as a foundation for on-device AI, multi-modal sensing, and wireless connectivity across consumer, automotive, industrial, mobile, PC and IoT markets. Ceva’s IP components are integrated into products from numerous global manufacturers, though they typically remain invisible to end users.
Several industry partners acknowledged the milestone in the company’s press release, including executives from Actions Technology, Ambiq, ASR Microelectronics, Beken Corporation, Bestechnic, LG Electronics, Nokia Mobile Networks, NXP Semiconductors, Socionext, and UNISOC. With earnings scheduled for August 11, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research reports, which include over 30 key financial metrics and exclusive ProTips.
Ceva’s headquarters are in Rockville, Maryland, with operations worldwide supporting a global customer base. The company positions itself as a key enabler for the growing demand for edge AI technologies that allow devices to process data locally rather than relying solely on cloud computing.
This announcement comes as the technology industry continues expanding integration of AI capabilities into an increasingly diverse range of connected devices.
In other recent news, CEVA Inc. announced its first-quarter 2025 financial results, which did not meet expectations. The company reported earnings per share of $0.06, falling short of the forecasted $0.08. Additionally, CEVA’s revenue for the quarter was $24.2 million, which was below the anticipated $26.48 million. These financial results were a significant development for the company.
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