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How Ceva (CEVA) makes money

Ceva (CEVA) made $29.0M of revenue in the second quarter 2026 (Q2 2026), +13% from a year earlier. License brought in $18.2M (63%); Royalty brought in $10.8M (37%).

Drawing the Sankey…

Ceva revenue by segment, Q2 2026Ceva revenue by segment, Q2 2026License$18.2MRoyalty$10.8M
Ceva: revenue by line, Q4 2024 to Q2 2026Ceva: revenue by line, Q4 2024 to Q2 2026LicenseRoyaltyLicense: $18.2M latest$18.2MRoyalty: $10.8M latest$10.8MQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
License went from 54% of revenue in Q4 2024 to 63% in Q2 2026, the largest shift in the mix.
Ceva revenue by quarterCeva revenue by quarter$29.2MQ4 2024$24.2MQ1 2025$25.7MQ2 2025$28.4MQ3 2025$31.3MQ4 2025$27.0MQ1 2026$29.0MQ2 2026
Ceva: where each dollar of revenue goesCeva: where each dollar of revenue goesIncome tax6¢Operating cash flow20¢Free cash flow18¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
License$18.2M62.8%+2%+21%
Royalty$10.8M37.2%+17%+1%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$29.0M100.0%
Income tax$1.8M6.3%
Operating cash flow$5.8M20.1%
Free cash flow$5.2M17.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$29.0M+13%
Q1 2026$27.0M+12%
Q4 2025$31.3M+7%
Q3 2025$28.4M+4%
Q2 2025$25.7M-10%
Q1 2025$24.2M+10%
Q4 2024$29.2M+21%

From Ceva's 10-Q filed Aug 10, 2026 (on EDGAR).

Questions

How does Ceva make money?

Ceva (CEVA) made $29.0M of revenue in the second quarter 2026 (Q2 2026), +13% from a year earlier. License brought in $18.2M (63%); Royalty brought in $10.8M (37%).

What is Ceva's biggest business?

License: $18.2M in the second quarter 2026, 63% of revenue, +21% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.