Ceva (CEVA) Tops Q3 Earnings and Revenue Estimates

Core Insights - Ceva (CEVA) reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.10 per share, but down from $0.14 per share a year ago, representing an earnings surprise of +10.00% [1] - The company achieved revenues of $28.38 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.21% and up from $27.21 million year-over-year [2] - Ceva has outperformed consensus revenue estimates three times in the last four quarters [2] Earnings Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [2] - The earnings surprise in the previous quarter was +40%, with actual earnings of $0.07 per share compared to an expected $0.05 [1] Stock Performance - Ceva shares have declined approximately 17.1% since the beginning of the year, contrasting with the S&P 500's gain of 14.4% [3] - The current Zacks Rank for Ceva is 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $31.39 million, and for the current fiscal year, it is $0.44 on revenues of $109.34 million [7] - The outlook for the Electronics - Semiconductors industry, where Ceva operates, is currently in the top 38% of Zacks industries, suggesting a favorable environment for stock performance [8] Industry Context - GlobalFoundries Inc. (GFS), another company in the same industry, is expected to report quarterly earnings of $0.38 per share, reflecting a year-over-year decline of -7.3% [9] - GlobalFoundries' anticipated revenues are $1.68 billion, down 3.7% from the previous year [10]