Add as a preferred source on GoogleCEVA Forecasts Fourth-Quarter Revenue of $34 Million to $38 Million
A $36 million midpoint would be about 24% above Q3 revenue, with higher smartphone modem royalties at a major U.S. customer among the expected drivers.
CEVA, Inc. expects fourth-quarter revenue of $34 million to $38 million. Revenue at the $36 million midpoint would be its highest quarterly total.
The $36 million midpoint is about 24% above CEVA's $29.1 million in Q3 revenue. That quarter's revenue fell short of estimates, as detailed in the company's third-quarter results.
CEVA's forecast assumes higher smartphone modem royalties from a major U.S. customer, seasonal factors and a robust licensing pipeline. Royalties rose 18% sequentially in Q3, while memory headwinds and pressure in compute-intensive consumer markets weighed on device volumes.
AI licensing revenue reached a quarterly record and accounted for more than 35% of licensing and related revenue, CEO Amir Panush said. Panush also said licensing revenue fell below expectations.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.