Comparing JPMorgan BetaBuilders U.S. Small Cap Equity ETF (CBOE:BBSC) and Vanguard Small-Cap ETF (VB +2.50%) reveals distinct choices in cost and diversification for investors seeking exposure to smaller American companies.
Both funds provide a path into the U.S. small-cap market, yet they differ in their construction and scale. BBSC targets the 95th to 99th percentiles of market capitalization, while VB tracks a broad index to capture a diversified group of small companies.
Snapshot (cost & size)MetricBBSCVBIssuerJ.P. MorganVanguardExpense ratio0.09%0.03%1-yr return (as of June 3, 2026)36.0%28.8%Dividend yield1.0%1.2%Beta1.141.05AUM$692.7 million$177.4 billionBeta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.
VB is significantly more affordable with an expense ratio of 0.03%, compared to 0.09% for BBSC. Additionally, the Vanguard fund provides a higher payout for income-seeking investors with its 1.2% trailing-12-month distribution yield.
Performance & risk comparisonMetricBBSCVBMax drawdown (5 yr)(30.9%)(28.2%)Growth of $1,000 over 5 years (total return)$1,379$1,410What's insideThe Vanguard Small-Cap ETF (VB +2.50%) offers broad exposure through 1,357 holdings, with its largest sector weights in industrials at 21%, technology at 17%, and financial services at 13%. Its largest positions include EMCOR Group Inc (EME +4.63%) at 0.51%, Bloom Energy Corp (BE +6.25%) at 0.48%, and Ciena Corp (CIEN +2.04%) at 0.48%. This fund was launched in 2004 and has a trailing-12-month dividend of $3.50 per share.
The JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC +2.66%) is more concentrated with 782 holdings and focuses on technology at 18%, financial services at 17%, and healthcare at 16%. Its top holdings include TTM Technologies Inc (TTMI +8.77%) at 0.87%, Semtech Corp (SMTC +6.02%) at 0.79%, and Sitime Corp (SITM +8.58%) at 0.77%. Launched in 2020, BBSC has a trailing-12-month dividend of $0.89 per share.
For more guidance on ETF investing, check out the full guide at this link.
What this means for investorsAs investors are steadily rotating out of large-cap stocks into less expensive investments, they are increasingly finding good values with small-cap stocks. This year, the Russell 2000 small-cap index has beaten the S&P 500 with a return of about 17% year-to-date and 40% over the past 12 months.
While both of these ETFs focus on small-caps, they look at slightly different areas of the universe The BBSC ETF includes small-cap between the 95th and 99th percentile of stocks, so it excludes the microcaps. Thus, it holds less stocks, about 728. The Vanguard ETF invests in a broader swath of the small-cap universe, holding about 1,300 stocks.
The JPMorgan ETF has been a slightly better performer YTD and beats the Vanguard ETF over the past 12 months. But the Vanguard ETF has better five-year annualized returns and has a lower expense ratio.
Both are solid options if you are looking for a small-cap ETF, but it is really hard to beat VBʻs miniscule 0.03% expense ratio and better longer-term returns.
Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bloom Energy, Ciena, EMCOR Group, and SiTime. The Motley Fool has a disclosure policy.
Shares of Semtech (SMTC - Free Report) have gained 16.3% over the past four weeks to close the last trading session at $158.79, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $204.83 indicates a potential upside of 29%.
The average comprises 12 short-term price targets ranging from a low of $175.00 to a high of $230.00, with a standard deviation of $16.41. While the lowest estimate indicates an increase of 10.2% from the current price level, the most optimistic estimate points to a 44.9% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
But, for SMTC, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in SMTCThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, six estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 12.9%.
Moreover, SMTC currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much SMTC could gain, the direction of price movement it implies does appear to be a good guide.
Ultra-efficient NPU IP recognized for advancing edge AI in resource-constrained devices
, /PRNewswire/ -- Embedded World -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP for the Smart Edge, today announced that its Ceva-NeuPro-Nano neural processing unit NPU IP has won the Artificial Intelligence category of the 2026 embedded award at the embedded world Exhibition & Conference in Nuremberg, Germany.
NeuPro-Nano, part of Ceva’s scalable NeuPro family of neural processing units (NPUs), won the Artificial Intelligence Award at embedded world 2026, recognizing its ultra-efficient AI acceleration for resource-constrained edge devices and enabling advanced on-device intelligence for next-generation smart edge applications. The embedded award honors the most innovative products in the embedded systems industry and is judged by an independent panel of industry and academic experts. Ceva-NeuPro-Nano was recognized for delivering powerful AI inference capabilities with exceptional energy efficiency and minimal silicon footprint, enabling advanced AI workloads directly on highly resource-constrained edge devices.
"Winning the Artificial Intelligence award at embedded world is a strong validation of our vision for scalable, energy-efficient edge AI," said Yaron Galitzky, Executive Vice President, AI Division at Ceva. "NeuPro-Nano enables a new generation of devices that can perceive, understand and act on real-world data locally, bringing practical Physical AI capabilities to power- and cost-constrained edge products."
Ceva-NeuPro-Nano is designed to bring efficient AI inference to cost- and power-constrained edge devices such as smart sensors, wearables, consumer electronics, industrial IoT systems and smart home products. Its compact architecture supports modern neural networks used for computer vision, audio and speech processing, sensor fusion and contextual awareness, enabling devices to intelligently process data from their surroundings while maintaining minimal silicon footprint and ultra-low power consumption.
NeuPro-Nano is part of Ceva's scalable NeuPro family of NPUs, which delivers efficient neural network acceleration across a wide range of edge AI workloads. Ceva's scalable NPU family supports AI inference processing capabilities ranging from tens of GOPS (Giga Operations Per Second) to hundreds of TOPS (Tera Operations Per Second), enabling efficient AI from ultra-low-power edge devices to high-performance AI systems. The NeuPro family is gaining strong market traction, with 10 customers licensing NeuPro technologies in 2025 across consumer IoT, industrial, automotive, infrastructure and PC applications, reflecting the growing demand for efficient on-device AI processing.
The embedded award is presented annually at the embedded world Exhibition & Conference and recognizes outstanding innovation across the embedded systems ecosystem, highlighting technologies that enable the next generation of intelligent connected devices.
About Ceva, Inc.
Ceva powers the Smart Edge, bridging the digital and physical worlds to bring AI-driven products to life. Our Ceva AI fabric portfolio of silicon and software IP enables devices to Connect, Sense, and Infer – the essential capabilities for the intelligent edge. From 5G, cellular IoT, Bluetooth, Wi-Fi, and UWB connectivity to scalable Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software, Ceva provides the foundational IP for devices that connect, understand their environment, and act in real time.
With more than 20 billion devices shipped and trusted by 400+ customers worldwide, Ceva is the backbone of today's most advanced smart edge products - from AI-infused wearables and IoT devices to autonomous vehicles and 5G infrastructure. Our differentiated solutions deliver seamless integration into existing design flows, total flexibility to combine solutions based on design needs and ultra–low–power performance in minimal silicon footprint, helping customers accelerate development, reduce risk, and bring innovative products to market faster. As technology evolves toward Physical AI, Ceva's IP portfolio lays the foundation for systems that are always connected, contextually aware, and capable of intelligent, real-time decision-making.
Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.
Impinj (NASDAQ:PI – Get Free Report) and Ceva (NASDAQ:CEVA – Get Free Report) are both computer and technology companies, but which is the better investment? We will compare the two companies based on the strength of their valuation, profitability, institutional ownership, risk, earnings, dividends and analyst recommendations.
Analyst Ratings This is a breakdown of recent recommendations and price targets for Impinj and Ceva, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Impinj 2 2 5 0 2.33 Ceva 1 0 7 0 2.75 Impinj currently has a consensus price target of $167.63, suggesting a potential upside of 64.71%. Ceva has a consensus price target of $30.29, suggesting a potential upside of 54.28%. Given Impinj’s higher probable upside, equities analysts clearly believe Impinj is more favorable than Ceva.
Profitability This table compares Impinj and Ceva’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Impinj -3.00% 8.49% 3.11% Ceva -9.71% -3.15% -2.75% Insider & Institutional Ownership 85.4% of Ceva shares are owned by institutional investors. 12.4% of Impinj shares are owned by insiders. Comparatively, 2.4% of Ceva shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Earnings & Valuation This table compares Impinj and Ceva”s revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Impinj $361.08 million 8.52 -$10.85 million ($0.39) -260.95 Ceva $109.60 million 4.97 -$10.64 million ($0.43) -45.65 Ceva has lower revenue, but higher earnings than Impinj. Impinj is trading at a lower price-to-earnings ratio than Ceva, indicating that it is currently the more affordable of the two stocks.
Risk & Volatility Impinj has a beta of 1.67, indicating that its stock price is 67% more volatile than the S&P 500. Comparatively, Ceva has a beta of 1.53, indicating that its stock price is 53% more volatile than the S&P 500.
Summary Impinj beats Ceva on 9 of the 14 factors compared between the two stocks.
About Impinj (Get Free Report)
Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that consists of reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enable its partners to solve enterprise business problems, such as retail self-checkout and loss prevention. The company primarily serves retail, supply chain and logistics, automotive, aviation, banking, datacenters, food, healthcare, industrial and manufacturing, linen and uniform tracking, sports, and travel industries through original equipment and device manufacturers, tag service bureaus, systems integrators, value-added resellers, independent software vendors, and other solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.
About Ceva (Get Free Report)
CEVA, Inc. provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices. The company’s wireless IoT products comprise RivieraWaves’ Bluetooth 5dual mode and low energy platforms, RivieraWaves’ Wi-Fi platforms, ultra-wide band platforms, and Cellular IoT and RedCap platforms, as well as sense and inference processors and platforms consist of NeuPro-M neural processing unit (NPU) family; SensPro2 sensor hub AI platforms addressing imaging, vision, powertrain, and applications, including DSP processors, AI accelerators, and a software portfolio; and Ceva-BX1 and Ceva-BX2 audio AI DSPs. Its sensing and audio software comprise RealSpace spatial audio software package; WhisPro speech recognition; ClearVox, a voice front-end software package for voice-enabled devices; and CDNN, a neural network graph compiler that enables AI developers to automatically compile, optimize, and run pre-trained networks onto embedded devices. The company’s application software IP are licensed primarily to OEMs who embed it in their system on chip designs. It delivers AI DSPs and NPUs in the form of a hardware description language definition; and offers development platforms, software development kits, and software debug tools, which facilitate system design, debug, and software development. The company licenses its technology through a direct sales force. CEVA, Inc. was formerly known as ParthusCeva, Inc. and changed its name to CEVA, Inc. in December 2003. The company was incorporated in 1999 and is headquartered in Rockville, Maryland.
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Shares of Ceva, Inc. (NASDAQ:CEVA – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.2857.
CEVA has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Ceva in a report on Wednesday. TD Cowen started coverage on Ceva in a report on Friday, March 20th. They issued a “buy” rating and a $22.00 target price for the company. Oppenheimer reiterated an “outperform” rating and issued a $30.00 target price (down from $33.00) on shares of Ceva in a research note on Wednesday, February 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 target price on shares of Ceva in a research note on Thursday, March 12th. Finally, Stifel Nicolaus started coverage on shares of Ceva in a research note on Tuesday, February 10th. They issued a “buy” rating and a $30.00 target price on the stock.
Get Our Latest Research Report on Ceva
Institutional Inflows and Outflows Hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in Ceva by 77.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,446 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 632 shares during the last quarter. State of Wyoming acquired a new position in Ceva in the 3rd quarter valued at $39,000. Russell Investments Group Ltd. grew its stake in Ceva by 771.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,380 shares of the semiconductor company’s stock valued at $63,000 after buying an additional 2,107 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Ceva by 422.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,731 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 2,208 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ceva by 47.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,758 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 2,172 shares during the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.
Ceva Stock Up 1.7% Shares of CEVA opened at $20.59 on Friday. The company’s fifty day moving average is $20.13 and its 200-day moving average is $22.74. Ceva has a 12 month low of $17.02 and a 12 month high of $30.88. The firm has a market cap of $571.37 million, a price-to-earnings ratio of -47.88 and a beta of 1.53.
Ceva (NASDAQ:CEVA – Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The semiconductor company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Ceva had a negative net margin of 9.71% and a negative return on equity of 3.15%. The company had revenue of $31.29 million for the quarter, compared to analyst estimates of $31.03 million. During the same quarter in the prior year, the business posted $0.11 EPS. Ceva’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts predict that Ceva will post -0.12 earnings per share for the current fiscal year.
About Ceva (Get Free Report)
Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.
Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.
Further Reading Five stocks we like better than Ceva
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, /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP for the Smart Edge, will announce results for the first quarter 2026 on May 11, 2026 before the NASDAQ market opens.
Following the release, Ceva management will conduct a conference call at 8:30 a.m. Eastern Time to discuss the operating performance for the quarter.
The conference call will be available via the following dial in numbers:
U.S. Participants: Dial 1-844-435-0316 (Access Code: Ceva) International Participants: Dial +1-412-317-6365 (Access Code: Ceva) The conference call will also be available live via webcast at the following link: https://app.webinar.net/N8PRLk4oljM. Please go to the web site at least fifteen minutes prior to the call to register.
For those who cannot access the live broadcast, a replay will be available by dialing +1 855-669-9658 or +1 412-317-0088 (access code: 4033535) from one hour after the end of the call until 9:00 a.m. (Eastern Time) on May 18, 2026. The replay will also be available at Ceva's web site at www.ceva-ip.com.
About Ceva, Inc.
Ceva powers the Smart Edge, bridging the digital and physical worlds to bring AI-driven products to life. Our Ceva AI fabric portfolio of silicon and software IP enables devices to Connect, Sense, and Infer – the essential capabilities for the intelligent edge. From 5G, cellular IoT, Bluetooth, Wi-Fi, and UWB connectivity to scalable Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software, Ceva provides the foundational IP for devices that connect, understand their environment, and act in real time.
With more than 20 billion devices shipped and trusted by 400+ customers worldwide, Ceva is the backbone of today's most advanced smart edge products - from AI-infused wearables and IoT devices to autonomous vehicles and 5G infrastructure. Our differentiated solutions deliver seamless integration into existing design flows, total flexibility to combine solutions based on design needs and ultra–low–power performance in minimal silicon footprint, helping customers accelerate development, reduce risk, and bring innovative products to market faster. As technology evolves toward Physical AI, Ceva's IP portfolio lays the foundation for systems that are always connected, contextually aware, and capable of intelligent, real-time decision-making.
Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.
, /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP for the Smart Edge, today announced that Sven-Christer Nilsson will retire from its Board of Directors and will not seek re-election at the Company's upcoming annual meeting of stockholders on June 2, 2026.
Mr. Nilsson has served as a member of Ceva's Board of Directors since November 2002. He also serves on the Audit Committee, Strategy Committee, and is the Chair of the Nomination and Governance Committee. Following more than two decades of dedicated service, Mr. Nilsson has informed the Board of his decision to retire.
Peter McManamon, Chairman of the Board of Ceva, commented, "On behalf of the entire Board of Directors and management team, I would like to extend our sincere thanks to Sven-Christer for his many years of dedicated service and commitment to Ceva. Over more than 20 years, Sven-Christer has provided invaluable leadership, deep industry insight and thoughtful guidance to the Board and management team. We are truly grateful for his contributions and wish him all the very best in his retirement."
Mr. Nilsson brought decades of leadership experience in the telecommunications industry, including senior executive roles at Ericsson, and has served on the boards of several public companies and institutions in Europe and the US.
About Ceva, Inc.
Ceva powers the Smart Edge, bridging the digital and physical worlds to bring AI-driven products to life. Our Ceva AI fabric portfolio of silicon and software IP enables devices to Connect, Sense, and Infer – the essential capabilities for the intelligent edge. From 5G, cellular IoT, Bluetooth, Wi-Fi, and UWB connectivity to scalable Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software, Ceva provides the foundational IP for devices that connect, understand their environment, and act in real time.
With more than 20 billion devices shipped and trusted by 400+ customers worldwide, Ceva is the backbone of today's most advanced smart edge products - from AI-infused wearables and IoT devices to autonomous vehicles and 5G infrastructure. Our differentiated solutions deliver seamless integration into existing design flows, total flexibility to combine solutions based on design needs and ultra–low–power performance in minimal silicon footprint, helping customers accelerate development, reduce risk, and bring innovative products to market faster. As technology evolves toward Physical AI, Ceva's IP portfolio lays the foundation for systems that are always connected, contextually aware, and capable of intelligent, real-time decision-making.
Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.
Ceva (CEVA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
On April 27, 2026, CEVA Inc CEVA shares fell 6.0% today, closing at $27.14. The stock has experienced notable volatility over the past year, with a 52-week high of $30.88 and a low of $17.02.
GF Value™ verdict: The current price of $27.14 is 16.5% above the GF Value™ estimate of $23.30.GF Score™: CEVA has a GF Score™ of 75/100, indicating it is rated as above average.Most notable signal: In the last three months, insiders have bought $0.2 million worth of shares, showing positive sentiment from those within the company. Is CEVA Overvalued or Undervalued? The current market price of CEVA Inc at $27.14 exceeds the GF Value™ estimate of $23.30 by 16.5%, which categorizes the stock as overvalued according to GuruFocus' proprietary measure of intrinsic value. With CEVA being classified as 'modestly overvalued', this indicates a potential risk for investors, as the stock price may not be sustainable if the underlying business performance does not improve or if market conditions change. The margin of safety appears limited, making it critical for potential investors to assess the risks involved before making any commitments.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the current valuation, market participants may want to consider the implications of investing in a stock that is trading above its calculated intrinsic value.
How Does CEVA's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 54.2x 821.5x The current forward P/E ratio of 54.2x is significantly lower than CEVA's 5-year median P/E of 821.5x, indicating that the stock is trading below its historical valuation levels. This analysis aligns with the GF Value™ verdict, suggesting that while the stock may be overvalued relative to its intrinsic value, it is trading at a much more favorable P/E ratio compared to its historical averages.
What Does CEVA's GF Score™ Tell Us? Metric Rating GF Score™ 75/100 Financial Strength 8/10 Profitability 4/10 Growth 6/10 Valuation 6/10 Momentum 5/10 The GF Score™ of 75/100 indicates that CEVA is above average in terms of its overall quality as an investment. The company's Financial Strength rating of 8/10 is its strongest area, suggesting a solid balance sheet and good liquidity. However, the profitability rank of 4/10 is a weakness, indicating that while the company is financially stable, it may be struggling to convert revenues into profits effectively. The Growth and Valuation rankings at 6/10 suggest moderate growth prospects and a fair valuation compared to its peers, while the Momentum rank of 5/10 indicates average price performance over recent periods.
What Are Insiders Doing with CEVA Stock? In the last three months, insiders at CEVA have purchased $0.2 million in shares, with no reported selling activity. This trend of insider buying can be a positive signal, suggesting that those with the most intimate knowledge of the company's operations believe the stock is undervalued or that the company is poised for better performance in the future. The lack of selling during this period further reinforces the notion of confidence from the management team.
What This Means for Investors Based on the current analysis and the GF Value™ estimate, CEVA Inc appears to be overvalued at this time, with a significant premium over its calculated intrinsic value. This situation warrants caution for potential investors looking to enter at these price levels.
For the complete analysis, visit the CEVA Inc CEVA stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is CEVA's GF Score™?
CEVA has a GF Score™ of 75/100, indicating it is rated as above average in terms of quality and investment potential.
Is CEVA overvalued or undervalued?
CEVA is currently overvalued, as its market price of $27.14 exceeds the GF Value™ estimate of $23.30 by 16.5%.
What is CEVA's P/E ratio?
CEVA's forward P/E ratio is 54.2x, which is significantly lower than its 5-year median P/E of 821.5x, indicating a more favorable valuation than its historical levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
ThinkPad Headset 8550 (Aura Edition) powered by Ceva RealSpace® delivers low-latency, head-tracked spatial audio to enhance immersion across music, video and gaming, extending usage beyond conference calls
, /PRNewswire/ -- As hybrid work continues to blur the line between productivity and entertainment, Lenovo is betting that better audio, not just better video, can make digital experiences feel more natural across the board. Ceva, Inc. (NASDAQ: CEVA), today announced that Lenovo has selected its RealSpace® spatial audio software for its new ThinkPad Dual-Mode Wireless ANC Foldable Headset 8550 (Aura Edition).
Lenovo ThinkPad Dual-Mode Wireless ANC Foldable Headset 8550 (Aura Edition) powered by Ceva RealSpace® spatial audio software delivers immersive 3D sound with integrated head tracking for PC, multimedia and gaming applications. The 8550 headset is designed to recreate the sensation of being physically present, whether listening to music, watching a movie, or playing a game. Instead of a traditional stereo experience, audio is rendered in a virtual 3D space that remains anchored in place. As users turn their head, sound stays fixed in the environment, just as it would in the real world, creating a more natural and immersive listening experience.
This capability is enabled by Ceva's RealSpace technology, which combines advanced spatial audio rendering with low-latency head tracking in a single optimized solution. The result is a stable and responsive sound field that adapts in real time to user movement, maintaining immersion across a wide range of entertainment content. The spatial audio sound, optimized and tuned by Ceva, is complemented by Sound by Bose which delivers expertly tuned audio for both calls and music.
The impact is especially noticeable across media. Movies gain a more cinematic soundstage, music becomes more immersive, and in games, directional audio cues such as footsteps and environmental effects feel more precise and responsive. By enhancing entertainment experiences, the headset is designed to extend usage beyond traditional work scenarios and encourage all-day use.
"People do not separate their day into 'work audio' and 'entertainment audio.' They expect a great experience everywhere," said Wayne Liang, Product Director, Lenovo. "With Ceva's RealSpace spatial audio and head tracking, we are enabling a more natural and engaging listening experience that encourages users to stay immersed throughout the day."
This approach reflects a broader shift in how audio is used to enhance digital experiences. While spatial audio is increasingly common in premium devices, Lenovo's implementation emphasizes flexibility and everyday usability. The spatial audio processing runs directly on the headset, enabling consistent performance across PCs, tablets, and smartphones without requiring a closed ecosystem.
"A headset that lives on your desk gets used for eight hours a day, that raises the bar for what audio needs to deliver, because people aren't just taking calls anymore.," said Chad Lucien, Vice President and General Manager of the Sensor and Audio Business Unit at Ceva. "By combining spatial audio and head tracking in a single efficient solution, we enable devices that deliver a more immersive and responsive experience throughout the day."
The launch reflects growing adoption of Ceva's RealSpace technology among leading OEMs seeking to deliver immersive audio while maintaining flexibility in product design. The software is optimized for low power and efficient compute and can run either on the headset or on connected devices such as PCs or smartphones, giving manufacturers greater freedom in system design and cost optimization.
For more information, visit https://www.ceva-ip.com/product/ceva-realspace.
About Ceva, Inc.
Ceva powers the Smart Edge, bridging the digital and physical worlds to bring AI-driven products to life. Our Ceva AI fabric portfolio of silicon and software IP enables devices to Connect, Sense, and Infer – the essential capabilities for the intelligent edge. From 5G, cellular IoT, Bluetooth, Wi-Fi, and UWB connectivity to scalable Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software, Ceva provides the foundational IP for devices that connect, understand their environment, and act in real time.
With more than 20 billion devices shipped and trusted by 400+ customers worldwide, Ceva is the backbone of today's most advanced smart edge products - from AI-infused wearables and IoT devices to autonomous vehicles and 5G infrastructure. Our differentiated solutions deliver seamless integration into existing design flows, total flexibility to combine solutions based on design needs and ultra–low–power performance in minimal silicon footprint, helping customers accelerate development, reduce risk, and bring innovative products to market faster. As technology evolves toward Physical AI, Ceva's IP portfolio lays the foundation for systems that are always connected, contextually aware, and capable of intelligent, real-time decision-making.
Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.
Pre-Market Stock Futures: Futures are trading higher as we get set to end what has been one of the wildest weeks on Wall Street in some time. After blowing through all-time highs for the umpteenth time on Wednesday, stocks started higher again on Thursday but started to sell off after the noon hour. While most of the upside for much of the week was related to the peace process with Iran and falling oil prices, that unraveled some on Thursday when a Chinese tanker was attacked near a key oil route, which was all it took to send oil prices higher again, and wake up the sellers who were noticeably absent much of the week as technology earnings blew away estimates. When it was all said and done on Thursday, all of the major indices finished the day lower, with the small-cap heavy Russell 2000 leading the way lower, closing down 1.67% at 2,838, while the Dow Jones Industrial Average traded lower by 0.63% to finish the day at 49,596. The S&P 500 closed Thursday at 7,337, down 0.38%, while the tech-loaded Nasdaq fared the best, closing down 0.13% at 25,806.
Treasury Bonds: After a slew of buyers showed up when Treasury yields hit 5% earlier this week on the longest maturities, the sellers had seen enough and returned, and yields across the Treasury curve were all higher on Thursday, with only the shortest T-bill maturities being bought. The attack on the Chinese ship and the spike in oil prices were seen as the provocateur, and likely, as with equities, some profit-taking was involved as well. By the close, the 30-year long bond was trading at 4.96%, while the 10-year note was last seen at 4.38%.
Oil and Gas: Prices were mixed across the energy complex on Thursday, but we didn’t see the drastic moves that have been part and parcel for energy trading since the start of the war with Iran. This comes as the U.S. Secretary of Energy noted that Iran has cut oil output by 400,000 barrels per day amid collapsing exports and a lack of storage. Brent Crude closed trading on Thursday at $100.50, down 0.81%, while West Texas Intermediate was last seen at $95.20, up 0.13%. Natural gas also traded higher, finishing the session at $2.78, up 1.83%.
Gold: Gold continued its winning ways Thursday, following up on a series of recent strong showings. Morgan Stanley noted Thursday that it sees gold trading back to $5,200 by year-end, while many Wall Street analysts have year-end targets well above that. Gold was last seen Thursday at $4,712, up 0.47%, while Silver ended the day at $79.51, up 2.94%.
Crypto: The cryptocurrency market experienced a widespread pullback, with major assets retreating after a solid rally earlier in the week. Bitcoin failed to sustain its push above $82,000, falling back to trade around $80,000–$81,000 during the day. After hitting a 3-month high on Wednesday, sellers returned, and the combination of weak equities and the ever-present geopolitical issues was cited as the cause. At 8 AM EDT, Bitcoin was trading at $80,220, while Ethereum was quoted at $2,295.
24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.
Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Friday May, 8, 2026.
Upgrades: Devon Energy (NYSE: DVN | DVN Price Prediction) was upgraded to Buy from Hold at Jefferies, which raised the price target for the shares to $62 from $53. Fastly (NASDAQ: FSLY) was upgraded to Outperform from Market Perform at Raymond James, with a $23 target price. Qualcomm (NASDAQ: QCOM) was raised to Outperform from Neutral at Daiwa, with a $225 target price. Shake Shack (NYSE: SHAK) was upgraded to Buy from Hold at Stifel, which dropped the target price for the shares to $85 from $105. Tapestry (NYSE: TPR) was upgraded to Buy from Hold at Stifel, which raised the price target for the stock to $187 from $142. Downgrades: Deckers Outdoors (NYSE: DECK) was cut to Underweight from Equal Weight at Wells Fargo, with a $90 target price. Epam Systems (NYSE: EPAM) was downgraded to Neutral from Buy at Goldman Sachs, which slashed the target price for the stock to $110 from $215. HubSpot (NYSE: HUBS) was downgraded to Neutral from Overweight at Cantor Fitzgerald, which slashed the price target for the shares to $200 from $325. Nike (NYSE: NKE) was downgraded to Equal Weight from Overweight at Wells Fargo, which trimmed the target price for the stock to $45 from $55. Planet Fitness (NYSE: PLNT) was downgraded to Neutral from Outperform by KGI Securities, which has a $50.50 target price. Initiations: Applied Materials (NASDAQ: AMAT) was initiated with a Buy rating at HSBC with a $517 target price. CEVA (NASDAQ: CEVA) was initiated with a Neutral rating at JPMorgan, with a $30 target price. ClearPoint Neuro (NASDAQ: CLPT) was resumed with a Buy rating at Stifel, with a $16 target price. Kopin (NASDAQ: KOPN) was assumed with a Buy rating at Canaccord, with a $5.50 target price. Satellogic (NASDAQ: SATL) was started with a Buy rating at Roth Capital, with a $10 target price.
A major win at a leading U.S. semiconductor company validates Ceva's strategy to deliver system-level wireless solutions, deepening customer partnerships across the wireless value chain
, /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP for the Smart Edge, today announced a major customer win for its Bluetooth® High Data Throughput (HDT) solution including Ceva's internally developed RF technology, a significant commercial milestone validating the company's strategy to expand its wireless offering and deliver comprehensive, system-level solutions to its customers.
Ceva-Waves Links Bluetooth HDT platform — digital baseband, software stack, and integrated RF in a single solution — marks the company's evolution from component IP to full-stack wireless partner The customer, a leading U.S.-based semiconductor company, had previously licensed Ceva's Bluetooth IP portfolio and has now adopted Ceva's Bluetooth HDT platform, combining digital baseband, software stack and Ceva's internally developed RF technology. This progression to an integrated wireless connectivity subsystem reflects the value Ceva delivers through reduced integration complexity, faster time-to-market and deeper strategic partnerships with its customers.
This design win captures two reinforcing growth dynamics. Bluetooth 6.0 designs are entering production at multiple customers, with royalties beginning to ramp, while early Bluetooth HDT design wins position Ceva at the center of the next wave of high-performance wireless devices. A more integrated platform means greater value per engagement, while deepening its position within customer platforms across multiple product generations.
The Bluetooth connectivity market sees annual device shipments in the billions, with increasing design complexity driving demand for more integrated solutions. As the industry shifts toward the physical infrastructure required to support edge AI and data-intensive applications, connectivity is becoming a critical layer of that stack, enabling efficient data movement, low-latency communication and seamless device interaction. Suppliers capable of delivering integrated, system-level wireless platforms are increasingly favored in this environment.
The addition of internally developed RF to Ceva's platform does more than deepen its offering to existing customers; it materially expands the addressable market. Large-scale system companies and major semiconductor players that previously required a complete wireless solution, and were not served by a digital-only IP offering, can now engage with Ceva as a system-level wireless partner. Customers requiring only digital baseband IP continue to have that option, giving Ceva the ability to serve the full spectrum of wireless design requirements.
"Securing this major Bluetooth HDT design win including our integrated RF technology is a pivotal milestone for Ceva," said Amir Panush, Chief Executive Officer of Ceva. "Our deliberate investment in RF technology, including targeted asset acquisition, is now translating into customer adoption. This is not just a design win; it validates that our evolution from component IP to full-stack wireless solutions is working. We are delivering more complete solutions, adding greater value across the wireless stack, and building deeper, multi-generational relationships with leading companies."
"As Bluetooth evolves to support higher data throughput and more advanced use cases, the complexity of wireless design is increasing significantly," said Andrew Zignani, Senior Research Director at ABI Research. "Solutions that combine digital baseband, software stack and RF are becoming increasingly important to reduce integration effort and accelerate time-to-market. By addressing this at a system level, Ceva is well-positioned to capture a broader share of next-generation wireless platforms."
Built on its field-proven Ceva-Waves Links family, this design win and an active pipeline of Bluetooth HDT evaluations across industrial, consumer and edge AI applications reflect the growing demand for complete wireless platforms as part of the broader AI hardware stack and the increasing role of connectivity in enabling next-generation AI-driven devices.
For more information, visit https://www.ceva-ip.com/product/ceva-waves-bluetooth/
About Ceva, Inc.
Ceva powers the Smart Edge, bridging the digital and physical worlds to bring AI-driven products to life. Our Ceva AI fabric portfolio of silicon and software IP enables devices to Connect, Sense, and Infer – the essential capabilities for the intelligent edge. From 5G, cellular IoT, Bluetooth, Wi-Fi, and UWB connectivity to scalable Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software, Ceva provides the foundational IP for devices that connect, understand their environment, and act in real time.
With more than 21 billion devices shipped and trusted by 400+ customers worldwide, Ceva is the backbone of today's most advanced smart edge products - from AI-infused wearables and IoT devices to autonomous vehicles and 5G infrastructure. Our differentiated solutions deliver seamless integration into existing design flows, total flexibility to combine solutions based on design needs and ultra–low–power performance in minimal silicon footprint, helping customers accelerate development, reduce risk, and bring innovative products to market faster. As technology evolves toward Physical AI, Ceva's IP portfolio lays the foundation for systems that are always connected, contextually aware, and capable of intelligent, real-time decision-making.
Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.
SOURCE Ceva, Inc.
Related Links https://mma.prnewswire.com/media/74483/ceva__inc__logo.jpg
Highlights strong licensing growth driven by integrated solutions and accelerating edge AI adoption
, /PRNewswire/ -- Ceva, Inc. (NASDAQ: CEVA), the leading licensor of silicon and software IP for the Smart Edge, today announced its financial results for the first quarter ended March 31, 2026.
First Quarter Highlights: *
Ceva, Inc. reported Q1 2026 revenue of $27M and non-GAAP diluted EPS of $0.04. 14 license agreements were concluded in the quarter, including 2 OEM and 3 multi-technology deals. Ceva-powered device shipments were 458M units, including a record 91M Wi-Fi units. Strategic wins included Bluetooth HDT with integrated RF, 5G NTN, UWB, and Auto AI entering production on the 2026 Toyota RAV4. For more information, view the infographic. Delivered total revenues of $27.0 million, up 11% year-over-year Licensing and related revenues of $17.8 million, up 18% year-over-year and the highest in three years Royalty revenues of $9.2 million, with smart edge royalties up 8% year-over-year, driven by record shipments in Wi-Fi, and strong contribution from cellular IoT, 5G infrastructure and automotive AI Signed 14 IP licensing agreements, including several multi-technology engagements with existing customers Secured a major customer win for Bluetooth High Data Throughput (HDT) solution, including Ceva's internally developed RF technology, demonstrating its system-level connectivity strategy Expanded customer engagements in 5G NTN and Ultra-Wideband, increasing value per design AI represented more than 20% of licensing and related revenues, with strong growth and key production milestones, including the Renesas R-Car V4H platform entering the 2026 Toyota RAV4, alongside a collaboration with NXP for its latest software-defined vehicle processors *Unless otherwise stated, all comparisons are to first quarter 2025.
Amir Panush, Chief Executive Officer of Ceva, commented, "We delivered a strong start to 2026, highlighted by our highest licensing and related revenues in three years and continued momentum across our connectivity and AI portfolios. Importantly, this quarter reflects the successful execution of our strategy to expand beyond discrete IP into more integrated, system-level solutions. A major Bluetooth HDT licensing agreement, including RF, alongside our expansion in 5G NTN and Ultra-Wideband, demonstrates how we are increasing our value per design and deepening customer engagement. We also saw encouraging trends in royalties, with continued strength across our smart edge markets, partially offset by softness in smartphones."
"In AI, our growth strategy and relentless focus on market-leading innovation are translating into production, with our technology integrated into leading automotive platforms and entering mass-volume production. With AI contributing over 20% of licensing and related revenues and a strong pipeline of engagements, we believe we are well positioned as the industry accelerates toward hybrid AI and the expansion of Physical AI at the edge."
Business and Market Highlights
During the first quarter, Ceva signed 14 IP licensing agreements across connectivity, AI, and satellite communications, including several multi-technology engagements aligned with its strategy to deliver more integrated, system-level solutions.
The company secured a major full-stack Bluetooth HDT solution license, marking a key milestone in expanding value per design and increasing royalty contribution, while helping customers reduce integration complexity and accelerate time-to-market. Additional wins included a Wi-Fi 7 design targeting consumer IoT, a Wi-Fi 6 / Bluetooth combo engagement with a leading edge-AI SoC platform provider, and multiple Bluetooth and Wi-Fi agreements.
Ceva also expanded into new connectivity domains, introducing its PentaG-NTN platform and progressing a satellite customer engagement to a more integrated baseband solution. In Ultra-Wideband, the company launched its next-generation platform and secured a new customer as adoption accelerates across industrial and automotive applications.
In AI, Ceva continued to expand its footprint with multiple licensing agreements and achieved a key production milestone, with its AI DSP and accelerator deployed in the Renesas R-Car V4H platform, now entering production in the 2026 Toyota RAV4. The company also announced a collaboration with NXP for its latest software-defined vehicle processors. AI represented more than 20% of licensing and related revenues in the quarter, reflecting strong growth and increasing contribution.
Across its markets, Ceva continues to see strong demand in IoT and AI-driven applications, with record Wi-Fi shipments and significant growth in cellular IoT. These trends, together with the shift toward more integrated, system-level solutions and increasing adoption of Bluetooth and Wi-Fi combo chips, are driving higher value per device and reinforcing the company's long-term royalty growth model.
Other first quarter financial data: *
GAAP gross margin was 86%, in line with last year GAAP operating loss was $5.1 million, as compared to a GAAP operating loss of $4.4 million GAAP net loss was $4.5 million, as compared to a GAAP net loss of $3.3 million GAAP diluted loss per share was $0.16, as compared to GAAP diluted loss per share of $0.14 Non-GAAP gross margin was 87%, in line with last year Non-GAAP operating income was $0.5 million, as compared to non-GAAP operating income of $0.3 million Non-GAAP net income and non-GAAP diluted earnings per share were $1.1 million and $0.04, respectively, compared with non-GAAP net income and non-GAAP diluted earnings per share of $1.4 million and $0.06, respectively *Unless otherwise stated, all comparisons are to first quarter 2025.
Yaniv Arieli, Chief Financial Officer of Ceva, added, "Our first quarter results reflect strong licensing execution and the continued progression toward higher-value, multi-technology engagements. This shift is driving improved economics per deal and strengthening the long-term royalty potential of our business. We also continue to see encouraging trends across our diversified end markets, particularly in IoT and AI-driven applications. We continue to manage the impact of a weaker U.S. dollar and are implementing measures to partially offset the resulting expenses."
Ceva Conference Call
On May 11, 2026, Ceva management will conduct a conference call at 8:30 a.m. Eastern Time to discuss the operating performance for the quarter.
The conference call will be available via the following dial in numbers:
U.S. Participants: Dial 1-844-435-0316 (Access Code: Ceva) International Participants: Dial +1-412-317-6365 (Access Code: Ceva) The conference call will also be available live via webcast at the following link: https://app.webinar.net/N8PRLk4oljM. https://app.webinar.net/ePpLk12BRaDhttps://app.webinar.net/GvAklQElMmjPlease go to the web site at least fifteen minutes prior to the call to register.
For those who cannot access the live broadcast, a replay will be available by dialing +1 855-669-9658 or +1 412-317-0088 (access code: 4033535) from one hour after the end of the call until 9:00 a.m. (Eastern Time) on May 18, 2026. The replay will also be available at Ceva's web site at www.ceva-ip.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that if they materialize or prove incorrect, could cause the results of Ceva to differ materially from those expressed or implied by such forward-looking statements and assumptions. Forward-looking statements include statements about Ceva's positioning for future growth and to serve as a foundational technology provider for intelligent, connected devices, licensing agreement wins, future industry demand, our market position for the future and future growth in the demand of our products, our forecast of financial measures for the following quarter and 2026, our long term targets and underlying assumptions, our future investments, expectations about future market, the success of our strategies and agreements, visibility into future revenue streams, and Ceva's focus on expense management and profitability improvement. The risks, uncertainties and assumptions that could cause differing Ceva results include: the effect of intense industry competition; the ability of Ceva's technologies and products incorporating Ceva's technologies to achieve market acceptance; Ceva's ability to meet changing needs of end-users and evolving market demands; the lengthy sales cycle for IP and related solutions; Ceva's ability to diversify royalty streams and license revenues; geopolitical risks and instability, including the impact of tariffs and other trade measures and potential disruptions related to ongoing conflicts in the Middle East; and general market conditions and other risks relating to Ceva's business and industry, including, but not limited to, those that are described from time to time in our SEC filings. Ceva assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
About Ceva, Inc.
Ceva powers the Smart Edge, bridging the digital and physical worlds to bring AI-driven products to life. Our Ceva AI fabric portfolio of silicon and software IP enables devices to Connect, Sense, and Infer – the essential capabilities for the intelligent edge. From 5G, cellular IoT, Bluetooth, Wi-Fi, and UWB connectivity to scalable Edge AI NPUs, AI DSPs, sensor fusion processors and embedded software, Ceva provides the foundational IP for devices that connect, understand their environment, and act in real time.
With more than 21 billion devices shipped and trusted by 400+ customers worldwide, Ceva is the backbone of today's most advanced smart edge products - from AI-infused wearables and IoT devices to autonomous vehicles and 5G infrastructure. Our differentiated solutions deliver seamless integration into existing design flows, total flexibility to combine solutions based on design needs and ultra–low–power performance in minimal silicon footprint, helping customers accelerate development, reduce risk, and bring innovative products to market faster. As technology evolves toward Physical AI, Ceva's IP portfolio lays the foundation for systems that are always connected, contextually aware, and capable of intelligent, real-time decision-making.
Visit us at www.ceva-ip.com and follow us on LinkedIn, X, YouTube, Facebook, and Instagram.
CEVA, INC. AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF LOSS – U.S. GAAP
U.S. dollars in thousands, except per share data
Three months ended
March 31,
2026
2025
Unaudited
Unaudited
Revenues:
Licensing and related revenues
$ 17,820
$ 15,042
Royalties
9,204
9,203
Total revenues
27,024
24,245
Cost of revenues
3,729
3,487
Gross profit
23,295
20,758
Operating expenses:
Research and development, net
19,837
17,609
Sales and marketing
3,766
3,449
General and administrative
4,660
3,933
Amortization of intangible assets
117
149
Total operating expenses
28,380
25,140
Operating loss
(5,085)
(4,382)
Financial income, net
1,877
2,100
Remeasurement of marketable equity securities
64
(54)
Loss before taxes on income
(3,144)
(2,336)
Income tax expense
1,315
991
Net loss
$ (4,459)
$ (3,327)
Basic and diluted net loss per share
$ (0.16)
$ (0.14)
Weighted-average shares used to compute net loss
per share (in thousands):
Basic and diluted
27,678
23,764
Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures
U.S. dollars in thousands, except per share data
Three months ended
March 31,
2026
2025
Unaudited
Unaudited
GAAP net loss
$ (4,459)
$ (3,327)
Equity-based compensation expense included in cost of
revenues
182
159
Equity-based compensation expense included in research
and development expenses
2,863
2,466
Equity-based compensation expense included in sales
and marketing expenses
717
566
Equity-based compensation expense included in general
and administrative expenses
1,610
1,132
Amortization of intangible assets related to acquisition of
businesses
176
208
Costs associated with asset acquisition
61
144
Loss (income) associated with the remeasurement of
marketable equity securities
(64)
54
Non-GAAP net income
$ 1,086
$ 1,402
GAAP weighted-average number of Common Stock
used in computation of diluted net loss per share (in
thousands)
27,678
23,764
Weighted-average number of shares related to
outstanding stock-based awards (in thousands)
1,810
1,618
Weighted-average number of Common Stock used
in computation of diluted earnings per share, excluding the
above (in thousands)
29,488
25,382
GAAP diluted loss per share
$ (0.16)
$ (0.14)
Equity-based compensation expense
$ 0.19
$ 0.18
Amortization of intangible assets related to acquisition
of businesses
$ 0.01
$ 0.01
Costs associated with asset acquisition
$ 0.00
$ 0.01
Non-GAAP diluted earnings per share
$ 0.04
$ 0.06
Three months ended
March 31,
2026
2025
Unaudited
Unaudited
GAAP operating loss
$ (5,085)
$ (4,382)
Equity-based compensation expense included in
cost of revenues
182
159
Equity-based compensation expense included in
research and development expenses
2,863
2,466
Equity-based compensation expense included in
sales and marketing expenses
717
566
Equity-based compensation expense included in
general and administrative expenses
1,610
1,132
Amortization of intangible assets related to acquisition
of businesses
176
208
Costs associated with asset acquisition
61
144
Total non-GAAP operating income
$ 524
$ 293
Three months ended
March 31,
2026
2025
Unaudited
Unaudited
GAAP gross profit
$ 23,295
$ 20,758
GAAP gross margin
86 %
86 %
Equity-based compensation expense included in
cost of revenues
182
159
Amortization of intangible assets related to acquisition
of businesses
59
59
Total non-GAAP gross profit
23,536
20,976
Non-GAAP gross margin
87 %
87 %
Three months ended
March 31,
2026
2025
Unaudited
Unaudited
GAAP operating expenses
28,380
25,140
Equity-based compensation expense included in
research and development expenses
(2,863)
(2,466)
Equity-based compensation expense included in
sales and marketing expenses
(717)
(566)
Equity-based compensation expense included in
general and administrative expenses
(1,610)
(1,132)
Amortization of intangible assets related to acquisition
of businesses
(117)
(149)
Costs associated with asset acquisition
(61)
(144)
Total non-GAAP operating expenses
$ 23,012
$ 20,683
CEVA, INC. AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)
March 31,
December 31,
2026
2025 (*)
Unaudited
Unaudited
ASSETS
Current assets:
Cash and cash equivalents
$ 21,367
$ 40,586
Marketable securities and short-term bank deposits
194,326
181,397
Trade receivables, net
17,737
19,495
Unbilled receivables
31,135
29,860
Prepaid expenses and other current assets
16,297
13,498
Total current assets
280,862
284,836
Long-term assets:
Severance pay fund
7,225
7,530
Deferred tax assets, net
274
257
Property and equipment, net
9,010
7,054
Operating lease right-of-use assets
17,190
17,486
Investment in marketable equity securities
119
55
Goodwill
58,308
58,308
Intangible assets, net
868
1,044
Other long-term assets
14,370
11,686
Total assets
$ 388,226
$ 388,256
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Trade payables
$ 2,388
$ 2,418
Deferred revenues
2,968
3,496
Accrued expenses and other payables
19,224
21,026
Operating lease liabilities
2,794
1,743
Total current liabilities
27,374
28,683
Long-term liabilities:
Accrued severance pay
7,428
7,690
Operating lease liabilities
14,083
14,388
Other accrued liabilities
1,158
1,037
Total liabilities
50,043
51,798
Stockholders' equity:
Common stock
28
28
Additional paid in-capital
343,298
337,966
Treasury stock
0
(1,591)
Accumulated other comprehensive income (loss)
(660)
79
Accumulated deficit
(4,483)
(24)
Total stockholders' equity
338,183
336,458
Total liabilities and stockholders' equity
$ 388,226
$ 388,256
(*) Derived from audited financial statements.
The Company believes that the presentation of non-GAAP measures in the press release is useful to investors in analyzing the results for the quarters ended March 31, 2026, and 2025 because the exclusion of the applicable expenses may provide a meaningful analysis of the Company's core operating results and comparison of quarterly results. Further, the Company believes it is useful for investors to understand how the expenses associated with the application of FASB ASC No. 718 are reflected in its statements of income. The reconciliation of financial measures should be reviewed in addition to and in conjunction with results presented in accordance with GAAP and are intended to provide additional insight into the Company's operations that, when viewed with its GAAP results and the accompanying reconciliation, offer a more complete understanding of factors and trends affecting the Company's business. The reconciliation of financial measures should not be viewed as a substitute for the Company's reported GAAP results.
A reconciliation of non-GAAP guidance to the corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to the Company's results computed in accordance with GAAP.
Ceva (CEVA - Free Report) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +77.78%. A quarter ago, it was expected that this chip designer would post earnings of $0.18 per share when it actually produced earnings of $0.18, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Ceva, which belongs to the Zacks Internet - Software industry, posted revenues of $27.02 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.04%. This compares to year-ago revenues of $24.25 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ceva shares have added about 71.8% since the beginning of the year versus the S&P 500's gain of 8.1%.
What's Next for Ceva?While Ceva has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ceva was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.07 on $27.62 million in revenues for the coming quarter and $0.50 on $120.34 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Elastic (ESTC - Free Report) , is yet to report results for the quarter ended April 2026.
This software developer is expected to post quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year change of +19.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Elastic's revenues are expected to be $446.3 million, up 14.9% from the year-ago quarter.
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CEVA CEVA is experiencing a decline in its stock price following the release of its Q1 results. The company, which specializes in licensing connectivity, sensing, and edge AI technology for smart devices, exceeded expectations on both revenue and earnings. CEVA reported an 11.6% year-over-year revenue increase to $27 million. For Q2, the company anticipates revenue between $26 million and $30 million, aligning closely with market expectations. Additionally, CEVA forecasts FY26 revenue growth at the upper end of its previous guidance of 8-12%.
CEVA is transitioning from standalone IP blocks to more integrated, system-level solutions aimed at enhancing design value. In Q1, the company secured a significant Bluetooth HDT contract with a major U.S. semiconductor client, encompassing RF, modem, and software technology. Licensing and related revenue surged by 18% year-over-year to $17.8 million, marking the highest level in three years. Notably, AI contributed over 20% to licensing revenue, bolstered by new AI agreements and growth in the automotive sector. Royalty revenue stood at $9.2 million, consistent with the previous year. While smart-edge royalty growth was 8%, this was tempered by a downturn in smartphone sales. Wi-Fi shipments hit a record 91 million units, and cellular IoT shipments rose by 38% year-over-year. The non-GAAP gross margin remained robust at 87%, similar to last year, with expectations to reach 88% in Q2. Looking forward, CEVA is optimistic about trends in the smart edge market, including hybrid AI, increasing wireless complexity, and the adoption of Wi-Fi/Bluetooth, UWB, and 5G/satellite connectivity.Analyst Insight
This quarter reflects CEVA's strategic shift towards higher-value edge AI and integrated connectivity IP, capitalizing on the increasing complexity of devices and the demand for on-device intelligence. The rise in licensing revenue to its highest level in three years, with AI comprising over 20% of that revenue, underscores this transition. However, the stock's negative market response seems linked to its in-line guidance after a strong share performance, with a rise of over 80% since early April. Profitability remains a concern, as GAAP losses widened and non-GAAP net income fell year-over-year. While CEVA is advancing in edge AI and complex wireless connectivity, investors may seek clearer evidence that licensing successes are translating into stronger royalty income and earnings growth.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Ceva (CEVA - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Ceva is one of 594 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Ceva is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CEVA's full-year earnings has moved 1.9% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CEVA has returned about 83.2% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 17.5% on average. This shows that Ceva is outperforming its peers so far this year.
Blink Charging (BLNK - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 23%.
For Blink Charging, the consensus EPS estimate for the current year has increased 43.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Ceva belongs to the Internet - Software industry, a group that includes 170 individual companies and currently sits at #87 in the Zacks Industry Rank. Stocks in this group have lost about 11.5% so far this year, so CEVA is performing better this group in terms of year-to-date returns.
In contrast, Blink Charging falls under the Electronics - Miscellaneous Services industry. Currently, this industry has 3 stocks and is ranked #25. Since the beginning of the year, the industry has moved +83.8%.
Ceva and Blink Charging could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
On May 28, 2026, CEVA Inc CEVA shares rose 3.0% to $41.76. The stock has demonstrated significant price performance over the past year, with a remarkable year-to-date increase of 94.0% and a 52-week trading range between $17.02 and $42.67.
GF Value™ verdict: Current price of $41.76 is 85.2% above the GF Value™ of $22.55, indicating significant overvaluation. GF Score™ of 68/100, suggesting the stock is above average based on key financial metrics. Most notable signal: The momentum rank of 8/10 indicates strong recent price performance. Is CEVA Overvalued or Undervalued? CEVA Inc's current share price of $41.76 is well above its GF Value™ of $22.55, reflecting an 85.2% overvaluation according to GuruFocus' proprietary measure of intrinsic value. The GF Valuation label indicates that the stock is significantly overvalued, which presents a risk for potential investors. A significant margin of safety is absent, as the current price does not allow for much downside protection if the market corrects itself.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given CEVA's high valuation compared to its intrinsic value, there is a substantial risk of a price correction in the future, suggesting that the stock may be trading at an unsustainable level.
How Does CEVA's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 821.5x 821.5x Forward P/E 78.8x - The current P/E ratio of CEVA Inc stands at an astronomical 821.5x, which aligns with its 5-year median P/E but diverges sharply from the forward P/E of 78.8x. This analysis suggests that CEVA is trading well above its historical valuation levels, reinforcing the GF Value™ verdict that the stock is overvalued.
What Does CEVA's GF Score™ Tell Us? Metric Rating GF Score™ 68/100 Financial Strength 7/10 Profitability 4/10 Growth 5/10 Valuation 3/10 Momentum 8/10 CEVA's GF Score™ of 68/100 indicates that the stock is above average in terms of its financial health, although it shows mixed results across different categories. The strongest area appears to be financial strength with a rating of 7/10, while the weakest area is valuation, with a low score of 3/10, reflecting the overvaluation highlighted by the GF Value™ analysis. Additionally, the high momentum score of 8/10 indicates that the stock has shown strong price appreciation recently.
What Are Insiders Doing with CEVA Stock? In the last three months, there have been no insider transactions reported for CEVA Inc. This lack of insider activity may suggest a neutral sentiment among executives regarding the stock's current price and future prospects. Without recent buying or selling from insiders, it is challenging to gauge their confidence in the company's future performance.
What This Means for Investors Based on the GF Value™ analysis, CEVA Inc is currently overvalued. Potential investors should exercise caution given the significant disparity between the current stock price and its intrinsic value, as well as the associated risks of a possible market correction.
For the complete analysis, visit the CEVA Inc CEVA stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is CEVA's GF Score™?
CEVA's GF Score™ is 68/100, indicating that the stock is above average based on key financial metrics.
Is CEVA overvalued or undervalued?
CEVA is overvalued according to the GF Value™ analysis, with its current price significantly above its intrinsic value.
What is CEVA's P/E ratio?
CEVA's P/E ratio is currently 821.5x, which is well above its historical median and suggests a high valuation relative to earnings.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Director Buys BLCO 4,300 Shares for $77,000Bausch + Lomb (BLCO +0.20%), a global leader in eye health products and surgical devices, reported a recent insider buy amid ongoing sector activity.
Alfonso Eduardo, Director at Bausch + Lomb, reported an open-market purchase of 4,300 common shares for a total consideration of approximately $77,000, according to the SEC Form 4 filing.
Transaction summaryMetricValueShares traded4,300Transaction value~$77,000Post-transaction shares (direct)13,855Post-transaction shares (indirect)0Post-transaction value (direct ownership)~$255,000Transaction value based on SEC Form 4 weighted average purchase price ($17.90); post-transaction value based on March 2, 2026 market close ($18.41). Bausch + Lomb's matching share program granted an additional 4,300 restricted share units at no cost in connection with this purchase, vesting in equal thirds on the first, second, and third anniversaries of the grant date, subject to continued board service.
Key questionsWhat does this purchase indicate about Alfonso Eduardo's ownership strategy?
The open-market purchase of 4,300 shares at $17.90 triggered an equal grant of 4,300 matching restricted share units, bringing Alfonso's total holdings from roughly 5,255 to 13,855 shares. As a director who joined January 1, 2026, he is required to hold $400,000 in equity within five years — this transaction brings him to roughly $248,000 toward that threshold. He paid for half out of pocket; the rest vests over three years."Were any derivative securities or indirect entities involved in this transaction?
The filing includes two transactions: an open-market purchase of 4,300 shares at $17.90, and a matching grant of 4,300 restricted share units at no cost, awarded automatically under the company's matching share program. No options, trusts, or indirect entities were involved. All activity is direct.Was this purchase executed at a premium or discount to recent market prices?
The shares were acquired at $17.90, a small discount to the March 2 closing price of $18.41. The timing also coincides with Alfonso building toward a mandatory $400,000 director ownership requirement, which adds context to the price level at which he chose to trigger the matching program.Company overviewMetricValuePrice (as of market close March 23, 2026)$15.84Market capitalization$5.61 billionRevenue (TTM)$5.10 billionNet income (TTM)($360.00 million)* 1-year performance metrics, if present, are calculated using full year figures provided by the Q4 and full year 2025 earnings press release as the reference date.
Company snapshotBausch + Lomb offers a broad portfolio of vision care products, ophthalmic pharmaceuticals, and surgical devices, including contact lenses, lens care solutions, over-the-counter eye health products, and surgical equipment for eye procedures.BLCO generates revenue through the sale of branded and generic eye health products to healthcare providers, clinics, and direct-to-consumer channels globally.The company serves ophthalmologists, optometrists, surgical centers, and end consumers seeking vision correction and eye health solutions worldwide.Bausch + Lomb is a global leader in eye health, operating across three key segments: Vision Care/Consumer Health Care, Ophthalmic Pharmaceuticals, and Surgical. The company leverages a diversified product portfolio and extensive distribution network to serve both healthcare professionals and consumers. Its scale, established brand, and focus on innovation position it competitively within the medical instruments and supplies industry.
What this transaction means for investorsEduardo wrote a $77,000 check for company stock earlier this month. Bausch + Lomb then handed him the same number of shares again for free — that's the matching program at work. Buy on the open market, get an equal grant of restricted units vesting over three years. It's worth understanding the full context before reading too much into it. Alfonso joined the board on January 1, 2026 and is working toward a mandatory director ownership threshold. Part of what's happening here is a new director using the matching program to build that position efficiently. The matching program is designed to help with exactly that.That doesn't make it meaningless. He still put up real cash. He can't flip the matched units either — they vest in thirds over three years, so he has to stick around for the payoff. That's still the kind of alignment retail investors should want to see from a board member. BLCO operates in eye health, a sector with steady long-term demand. A new director building a required stake through the matching program is standard governance. Whether it signals anything beyond that is harder to say but worth…keeping an eye on.
Seena Hassouna has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Bausch + Lomb Corporation (NYSE:BLCO – Get Free Report) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 4,006,617 shares, a growth of 50.7% from the February 26th total of 2,659,462 shares. Based on an average trading volume of 422,793 shares, the short-interest ratio is presently 9.5 days. Approximately 1.1% of the shares of the company are short sold.
Analysts Set New Price Targets Several research analysts recently commented on BLCO shares. Evercore set a $18.00 target price on shares of Bausch + Lomb and gave the stock an “in-line” rating in a report on Monday, January 5th. Wall Street Zen downgraded Bausch + Lomb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $19.00 price objective on shares of Bausch + Lomb in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $18.00 price objective on shares of Bausch + Lomb in a research report on Thursday, February 19th. Finally, Stifel Nicolaus set a $16.00 target price on Bausch + Lomb in a research note on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.25.
Read Our Latest Report on BLCO
Insider Buying and Selling In related news, EVP A Robert D. Bailey bought 14,600 shares of Bausch + Lomb stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $17.15 per share, for a total transaction of $250,390.00. Following the acquisition, the executive vice president owned 231,890 shares in the company, valued at $3,976,913.50. This trade represents a 6.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brent L. Saunders purchased 14,700 shares of the stock in a transaction on Friday, March 6th. The shares were bought at an average price of $17.14 per share, for a total transaction of $251,958.00. Following the acquisition, the chief executive officer owned 966,575 shares of the company’s stock, valued at approximately $16,567,095.50. The trade was a 1.54% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 33,300 shares of company stock worth $570,868. 0.15% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Bausch + Lomb A number of hedge funds and other institutional investors have recently made changes to their positions in BLCO. Caitong International Asset Management Co. Ltd increased its stake in Bausch + Lomb by 104.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,227 shares of the company’s stock valued at $38,000 after acquiring an additional 1,136 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Bausch + Lomb by 729.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,322 shares of the company’s stock worth $30,000 after purchasing an additional 2,042 shares during the period. Wells Fargo & Company MN boosted its holdings in Bausch + Lomb by 31.2% during the fourth quarter. Wells Fargo & Company MN now owns 5,903 shares of the company’s stock valued at $101,000 after purchasing an additional 1,403 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Bausch + Lomb by 55.3% during the third quarter. Jones Financial Companies Lllp now owns 9,112 shares of the company’s stock valued at $132,000 after purchasing an additional 3,246 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in shares of Bausch + Lomb in the 4th quarter valued at approximately $178,000. 11.07% of the stock is owned by institutional investors.
Bausch + Lomb Stock Performance BLCO opened at $15.38 on Monday. The stock’s 50 day simple moving average is $17.02 and its 200-day simple moving average is $16.31. The company has a current ratio of 1.55, a quick ratio of 1.04 and a debt-to-equity ratio of 0.77. The stock has a market cap of $5.46 billion, a PE ratio of -15.08, a P/E/G ratio of 0.64 and a beta of 0.58. Bausch + Lomb has a 1 year low of $10.45 and a 1 year high of $18.92.
Bausch + Lomb (NYSE:BLCO – Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). Bausch + Lomb had a positive return on equity of 2.77% and a negative net margin of 7.06%.The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts forecast that Bausch + Lomb will post 0.74 EPS for the current year.
About Bausch + Lomb (Get Free Report)
Bausch + Lomb Corporation operates as an eye health company in the United States, Puerto Rico, China, France, Japan, Germany, the United Kingdom, Canada, Russia, Spain, Italy, Mexico, Poland, South Korea, and internationally. It operates in three segments: Vision Care, Pharmaceuticals, and Surgical. The Vision Care segment provides contact lens that covers the spectrum of wearing modalities, including daily disposable and frequently replaced contact lenses; and contact lens care products comprising over-the-counter eye drops, eye vitamins, and mineral supplements that address various conditions, such as eye allergies, conjunctivitis, dry eye, and redness relief.
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VAUGHAN, Ontario--(BUSINESS WIRE)--Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, will release its first-quarter financial results on Wednesday, April 29, 2026. The company will host a conference call and live webcast at 8 a.m. ET to discuss the results and provide a business update. All materials will be made available on the Investor Relations section of the Bausch + Lomb website prior to the start of the.
Shares of Bausch + Lomb Corporation (NYSE:BLCO – Get Free Report) have been given an average recommendation of “Hold” by the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $18.25.
A number of brokerages have issued reports on BLCO. The Goldman Sachs Group reiterated a “neutral” rating and set a $19.00 price objective on shares of Bausch + Lomb in a research note on Friday, January 9th. Evercore set a $18.00 target price on shares of Bausch + Lomb and gave the company an “in-line” rating in a research report on Monday, January 5th. Royal Bank Of Canada upped their price target on shares of Bausch + Lomb from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Barclays lifted their price objective on shares of Bausch + Lomb from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, February 19th. Finally, Citigroup boosted their price objective on shares of Bausch + Lomb from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, February 19th.
View Our Latest Report on Bausch + Lomb
Bausch + Lomb Price Performance Bausch + Lomb stock opened at $15.24 on Tuesday. The firm has a market cap of $5.41 billion, a PE ratio of -14.94, a price-to-earnings-growth ratio of 0.64 and a beta of 0.58. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.04. The stock’s fifty day moving average price is $16.98 and its two-hundred day moving average price is $16.31. Bausch + Lomb has a one year low of $10.45 and a one year high of $18.92.
Bausch + Lomb (NYSE:BLCO – Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Bausch + Lomb had a negative net margin of 7.06% and a positive return on equity of 2.77%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. As a group, research analysts expect that Bausch + Lomb will post 0.74 EPS for the current fiscal year.
Insider Activity In other Bausch + Lomb news, CEO Brent L. Saunders purchased 14,700 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $17.14 per share, for a total transaction of $251,958.00. Following the purchase, the chief executive officer owned 966,575 shares in the company, valued at approximately $16,567,095.50. This trade represents a 1.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sam Eldessouky purchased 4,000 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $17.13 per share, with a total value of $68,520.00. Following the acquisition, the chief financial officer directly owned 403,130 shares in the company, valued at $6,905,616.90. This represents a 1.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 33,300 shares of company stock worth $570,868. Insiders own 0.15% of the company’s stock.
Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Oaktree Capital Management LP bought a new stake in shares of Bausch + Lomb during the 2nd quarter valued at approximately $32,801,000. Goldentree Asset Management LP lifted its stake in Bausch + Lomb by 3.0% in the 3rd quarter. Goldentree Asset Management LP now owns 2,660,508 shares of the company’s stock valued at $40,002,000 after purchasing an additional 77,323 shares during the last quarter. Compass Rose Asset Management LP boosted its position in Bausch + Lomb by 22.0% in the third quarter. Compass Rose Asset Management LP now owns 1,000,000 shares of the company’s stock valued at $15,070,000 after buying an additional 180,000 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in Bausch + Lomb in the second quarter valued at approximately $202,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Bausch + Lomb during the third quarter worth $2,249,000. Institutional investors own 11.07% of the company’s stock.
About Bausch + Lomb (Get Free Report)
Bausch + Lomb Corporation operates as an eye health company in the United States, Puerto Rico, China, France, Japan, Germany, the United Kingdom, Canada, Russia, Spain, Italy, Mexico, Poland, South Korea, and internationally. It operates in three segments: Vision Care, Pharmaceuticals, and Surgical. The Vision Care segment provides contact lens that covers the spectrum of wearing modalities, including daily disposable and frequently replaced contact lenses; and contact lens care products comprising over-the-counter eye drops, eye vitamins, and mineral supplements that address various conditions, such as eye allergies, conjunctivitis, dry eye, and redness relief.
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VAUGHAN, Ontario--(BUSINESS WIRE)--Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, today announced the presentation of new scientific data and events taking place during the American Society of Cataract and Refractive Surgery (ASCRS) annual meeting in Washington, D.C., April 10-13, 2026. Forty-five presentations and posters will highlight the results of studies evaluating the company's broad portfolio of prod.
Biodesix (NASDAQ:BDSX – Get Free Report) and Bausch + Lomb (NYSE:BLCO – Get Free Report) are both medical companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, earnings, analyst recommendations, dividends, profitability, institutional ownership and valuation.
Insider & Institutional Ownership 21.0% of Biodesix shares are owned by institutional investors. Comparatively, 11.1% of Bausch + Lomb shares are owned by institutional investors. 30.1% of Biodesix shares are owned by company insiders. Comparatively, 0.8% of Bausch + Lomb shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Volatility and Risk Biodesix has a beta of 0.57, indicating that its stock price is 43% less volatile than the S&P 500. Comparatively, Bausch + Lomb has a beta of 0.65, indicating that its stock price is 35% less volatile than the S&P 500.
Profitability This table compares Biodesix and Bausch + Lomb’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Biodesix -39.85% -1,760.83% -40.28% Bausch + Lomb -7.06% 2.77% 1.31% Analyst Recommendations This is a breakdown of recent ratings and recommmendations for Biodesix and Bausch + Lomb, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Biodesix 1 0 5 0 2.67 Bausch + Lomb 1 10 4 0 2.20 Biodesix currently has a consensus target price of $32.50, indicating a potential upside of 143.99%. Bausch + Lomb has a consensus target price of $18.25, indicating a potential upside of 10.94%. Given Biodesix’s stronger consensus rating and higher possible upside, equities analysts plainly believe Biodesix is more favorable than Bausch + Lomb.
Earnings & Valuation This table compares Biodesix and Bausch + Lomb”s revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Biodesix $88.50 million 1.48 -$35.26 million ($4.85) -2.75 Bausch + Lomb $5.10 billion 1.15 -$360.00 million ($1.02) -16.13 Biodesix has higher earnings, but lower revenue than Bausch + Lomb. Bausch + Lomb is trading at a lower price-to-earnings ratio than Biodesix, indicating that it is currently the more affordable of the two stocks.
Summary Biodesix beats Bausch + Lomb on 8 of the 14 factors compared between the two stocks.
About Biodesix (Get Free Report)
Biodesix, Inc. operates as a data-driven diagnostic solutions company in the United States. The company offers blood-based lung tests, including Nodify XL2 and Nodify CDT tests, together marketed as part of Nodify Lung Nodule Risk Assessment testing strategy, to assess the risk of lung cancer and help in identifying the appropriate treatment pathway and help physicians in reclassifying risk of malignancy in patients with suspicious lung nodules. It also provides GeneStrat ddPCR and NGS, and VeriStrat tests, which are used in the diagnosis of lung cancer to measure the presence of mutations in the tumor and the state of the patient's immune system to establish the patient's prognosis and help guide treatment decisions. In addition, the company, through its partnership with Bio-Rad Laboratories, Inc., provides Bio-Rad SARS-CoV-2 ddPCR, a COVID-19 Test under Biodesix WorkSafe testing program; and Platelia SARS-CoV-2 Total Ab test, an antibody test for detecting a B-cell immune response to SARS-CoV-2 that indicate recent or prior infection. Further, it offers diagnostic and clinical research, as well as clinical trial testing services to biopharmaceutical companies; and discovers, develops, and commercializes companion diagnostics. The company was formerly known as Elston Technologies, Inc. and as changed to Biodesix, Inc. in 2006. Biodesix, Inc. was incorporated in 2005 and is headquartered in Louisville, Colorado.
About Bausch + Lomb (Get Free Report)
Bausch + Lomb Corporation operates as an eye health company in the United States, Puerto Rico, China, France, Japan, Germany, the United Kingdom, Canada, Russia, Spain, Italy, Mexico, Poland, South Korea, and internationally. It operates in three segments: Vision Care, Pharmaceuticals, and Surgical. The Vision Care segment provides contact lens that covers the spectrum of wearing modalities, including daily disposable and frequently replaced contact lenses; and contact lens care products comprising over-the-counter eye drops, eye vitamins, and mineral supplements that address various conditions, such as eye allergies, conjunctivitis, dry eye, and redness relief. Its Pharmaceuticals segment offers proprietary and generic pharmaceutical products for post-operative treatments, as well as for the treatment of glaucoma, eye inflammation, ocular hypertension, dry eyes, and retinal diseases. The Surgical segment provides medical device equipment, consumables, and technologies for the treatment of cataracts, corneal, vitreous, and retinal eye conditions; and intraocular lenses and delivery systems, phacoemulsification equipment, and other surgical instruments and devices for cataract surgery. The company sells its products and services through direct sales forces and independent distributors. Bausch + Lomb Corporation was founded in 1853 and is headquartered in Vaughan, Canada. Bausch + Lomb Corporation is a subsidiary of Bausch Health Companies Inc.
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VAUGHAN, Ontario--(BUSINESS WIRE)--Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, today announced its one-of-a-kind ONE by ONE Recycling program, created in collaboration with international recycling leader TerraCycle®, has collected and recycled a total of 119,715,074 units, or 724,922 pounds, of used contact lenses, eye care and lens care materials in the United States – the equivalent of about five backya.
VAUGHAN, Ontario--(BUSINESS WIRE)--Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, today announced the release of its 2025 Sustainability Impact Report, outlining progress against its environmental, social and governance priorities and introducing The Broader Perspective, the company's sustainability framework designed to guide future action and accountability. Anchored in the belief that seeing the full pict.
VAUGHAN, Ontario--(BUSINESS WIRE)--Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, today announced its first-quarter 2026 financial results. “We're doing exactly what we said we would: driving sustainable growth and margin expansion, improving how we sell and operate and continuing to invest in a pipeline that will carry us forward,” said Brent Saunders, chairman and CEO, Bausch + Lomb. Select Company Highlig.
Bausch + Lomb (BLCO - Free Report) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to a loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +43.37%. A quarter ago, it was expected that this company would post earnings of $0.35 per share when it actually produced earnings of $0.32, delivering a surprise of -8.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Bausch + Lomb, which belongs to the Zacks Medical Services industry, posted revenues of $1.24 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.33%. This compares to year-ago revenues of $1.14 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Bausch + Lomb shares have lost about 8% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Bausch + Lomb?While Bausch + Lomb has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Bausch + Lomb was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.15 on $1.37 billion in revenues for the coming quarter and $0.78 on $5.43 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical Services is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Sotera Health Company (SHC - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.
This company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +21.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Sotera Health Company's revenues are expected to be $271.98 million, up 6.9% from the year-ago quarter.
VAUGHAN, Ontario--(BUSINESS WIRE)--Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, today announced that it will deliver more than 40 scientific data presentations at the Association for Research in Vision and Ophthalmology (ARVO) Annual Meeting taking place in Denver, CO, May 3-7, 2026. Scientific posters and papers will highlight the results of various studies across the company's broad portfolio of products.
VAUGHAN, Ontario--(BUSINESS WIRE)--Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, today announced the second event in its R&D “Teach-in” webinar series that provides deeper insights on the company's robust and differentiated product pipeline. On Monday, June 1, 2026, at 1:00 p.m. ET, Executive Vice President of Research & Development and Chief Medical Officer Yehia Hashad, MD, will be joined by membe.
With consumer sentiment sitting at 53.3 in March 2026, deep in pessimistic territory, retail investors are hunting for defensive names that can grow even as households tighten budgets. Healthcare keeps that promise. Personal healthcare spending climbed from $3.432 trillion in January 2025 to $3.741 trillion by March 2026, outpacing total consumption while motor vehicles and other discretionary categories softened. Medical device stocks trading below $30 give individual investors an affordable way to ride that resilience.
With that in mind, here are two medical device stocks under $30 that look attractive on fundamentals, guidance and capital-return policy heading into the back half of 2026.
Envista (NYSE: NVST) Envista (NYSE:NVST | NVST Price Prediction) is a dental products holding company whose brands include DEXIS, Kerr, Nobel Biocare, Ormco and Spark clear aligners.
Shares closed at $24.28 on May 12, 2026, up 11.84% year to date and 30.89% over the past year, which keeps the name well inside the sub-$30 bucket. The most recent quarter strengthens the case. Q1 FY26 revenue of $705.5 million grew 14.4% year over year and beat consensus by 3.74%, while adjusted EPS of $0.36 topped the $0.3132 estimate by 14.94%. Adjusted EBITDA rose 25% to $98.9 million, and management reaffirmed full-year adjusted EPS guidance of $1.35 to $1.45.
The bull case is straightforward. Core revenue expanded across every major business, Spark aligners turned profitable in the second half of 2025, and the board authorized a new $300 million share buyback running through December 31, 2029. CEO Paul Keel called the quarter “a good start to 2026” with momentum carrying into the back half. The leadership team also received broad equity awards in February, a signal of internal confidence at recent price levels.
The key risk: free cash flow swung to negative $15.7 million in Q1, and management flagged tariff exposure plus pricing pressure from China’s volume-based procurement program. Those are real headwinds, but they sit against guided adjusted EBITDA growth of 7% to 13%. For investors who want dental exposure with a clear capital-return story, Envista screens well at this price.
Bausch & Lomb (NYSE: BLCO) Bausch & Lomb (NYSE:BLCO) is an eye health company selling contact lenses, surgical implants and prescription pharmaceuticals across the MIEBO, XIIDRA, LUMIFY and PreserVision brands.
The stock changed hands at $16.03 on May 12, 2026, off 6.15% year to date but up 34.82% over the past year. That pullback looks more like consolidation than rejection. Q1 FY26 revenue reached $1.244 billion, up 9.4% year over year, and the company swung to $33 million in operating income from an $83 million loss a year earlier. Adjusted EPS of $0.05 came in 6.72% below consensus, yet management still raised full-year revenue guidance to $5.420 billion to $5.520 billion and adjusted EBITDA to $1.010 billion to $1.060 billion.
The growth engine is pharmaceuticals. MIEBO grew 33% and XIIDRA grew 30%, lifting the segment 14%. CEO Brent Saunders said the company is “driving sustainable growth and margin expansion”, and H.C. Wainwright carries a Buy rating with a $20 price target. Four independent directors also bought shares at $15.90 on April 30, 2026, a tangible vote of confidence right near the current quote.
The principal risk is structural. Bausch & Lomb is still working through its separation from Bausch Health Companies, carries roughly $97 million in quarterly interest expense and continues to post GAAP losses. Tariff policy could also pressure the international book. For investors comfortable with a leveraged separation story, the eye-care franchise has visible momentum.
Envista and Bausch & Lomb both pair growth with real balance-sheet questions, so position size, time horizon and personal risk tolerance still matter. Read the filings, watch the next quarter and decide what actually fits your portfolio.
VAUGHAN, Ontario--(BUSINESS WIRE)--Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, today announced the election of the 10 directors nominated at its 2026 annual meeting of shareholders (the “Annual Meeting”) held on May 20, 2026. The detailed results of the vote for the election of directors are set out below: Name For Against Broker Non-Votes Eduardo Alfonso, M.D. 331,573,622 4,244,069 11,452,072 Nathalie Be.
VAUGHAN, Ontario--(BUSINESS WIRE)--Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, today announced that Chairman and CEO Brent Saunders and Chief Medical Officer and Head of Research and Development Yehia Hashad, MD, will participate in a fireside chat at the Goldman Sachs 47th Annual Global Healthcare Conference in Miami, FL, on Tuesday, June 9, 2026, at 1:20 p.m. ET. A live webcast of the session will be av.
VAUGHAN, Ontario--(BUSINESS WIRE)--Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, today announced the U.S. launch of Blink Triple Care Preservative Free eye drops, which provide instant, long-lasting relief for dry eyes without the use of preservatives and are packaged in a multi-dose bottle. Blink Triple Care Preservative Free is made with the same clinically proven formula as Blink Triple Care, helping red.
Rubrik, Inc. is rapidly evolving into a critical enterprise cyber resilience platform, blending data protection, identity security, and AI capabilities. RBRK delivered strong Q1 results: 39% revenue growth to $387.1M, 32% ARR growth to $1.57B, and positive adjusted EPS of $0.16. Despite robust growth and expanding margins, the stock trades at a lofty valuation, and management guides for sharply lower Q2 EPS and margin compression.
I am reiterating my “buy” rating on Rubrik following a strong Q1 FY27, with revenue up 39% YoY (vs. 32% guidance) and raised full-year guidance. RBRK's moat in data and identity protection and remediation, plus platform consolidation trends, are driving robust $100K+ ARR customer growth and expanding margins. Mythos is catalyzing increased enterprise conversations around cyber resilience, which could support 20%+ revenue growth beyond FY28.
Rubrik stands out as a software leader with >40% normalized revenue growth and a significant Q1 beat, supporting my reiterated buy rating. RBRK's near-pure subscription model delivers high revenue visibility, with Q1 ARR of $1.57B already at 95% of full-year high-end guidance. Gross margins remain best-in-class at ~80%, supporting positive free cash flow even as Rubrik maintains hypergrowth.
Key Takeaways Rubrik posted non-GAAP EPS of $0.16 vs a 3-cent loss estimate, a 633.3% surprise.Rubrik revenues rose 39% to $387.07M, driven by subscription revenues up 41% to $374.2M.Rubrik set Q2 revenues at $395M-$397M and raised FY27 outlook, despite material rights headwinds. Rubrik, Inc. (RBRK - Free Report) delivered a strong first-quarter fiscal 2027, with non-GAAP earnings of 16 cents per share compared with the Zacks Consensus Estimate of a 3-cent loss, resulting in an earnings surprise of 633.3%.
Total revenues were $387.07 million, up 39% year over year and beating the consensus mark of $366 million by 5.71%. Results were supported by subscription momentum, with subscription ARR increasing 32% year over year to $1.57 billion.
Rubrik shares lost 3.1% at the time of writing this article.
RBRK’s Top-Line DetailsSubscriptions (96.7% of total revenues) revenues increased 41% year over year to $374.2 million, beating the Zacks Consensus Estimate by 5.5%.
Rubrik also continued to work through the accounting dynamics tied to its cloud transition. Material rights contributed $8.5 million to first-quarter revenues, down from $13.4 million in the year-ago period. Excluding material rights, revenues increased 43% year over year.
Rubrik’s land-and-expand motion remained a key operating feature in the quarter. Subscription net retention was approximately 120%, supported by expansion across data growth in existing applications, broader coverage across applications and identities, and uptake of newer security products.
Enterprise penetration also improved. The company ended the quarter with 2,946 customers generating at least $100,000 in subscription ARR, up 24% year over year. Customers with $1 million or more in subscription ARR grew more than 50%. Rubrik also posted net new subscription ARR of $103 million, a first-quarter record, while cloud ARR rose 43% year over year to $1.39 billion and represented 89% of subscription ARR.
The company maintained an exceptional Net Promoter Score of more than 80, placing it among the top 1% of enterprise software companies globally.
RBRK’s Operating DetailsRBRK posted expanding margins, reflecting the benefits of scale. Non-GAAP gross margin was 82.9% compared with 80.5% in the year-ago quarter, with management citing better efficiency in cloud hosting costs and improved productivity in customer support.
On a non-GAAP basis, research & development expenses increased 31.1% year over year to $81.3 million. Sales and marketing expenses were up 21.2% year over year to $176.8 million. General and administrative expenses increased 10.7% year over year to $38.2 million in the reported quarter.
Operating income totaled $24.6 million on a non-GAAP basis against the year-ago quarter’s operating loss of $18.2 million.
Rubrik also highlighted improved operating leverage through its subscription ARR contribution margin. The metric was 13.2% compared with 8% in the first quarter of fiscal 2026, reflecting higher sales, scale benefits and tighter cost management across the business.
Rubrik’s Balance Sheet and Cash FlowAs of April 30, 2026, cash and cash equivalents and short-term investments were $1.75 billion compared with $1.67 billion as of Jan. 31, 2026.
In the reported quarter, the company generated a cash flow from operations of $81.7 million compared with $93 million in the previous quarter.
As of Jan. 31, 2026, free cash flow was $73.6 million compared with $70 million in the prior period.
RBRK Initiates Q2 and FY27 GuidanceFor the second quarter of fiscal 2027, Rubrik expects revenues of $395 million to $397 million and non-GAAP earnings of 3 to 5 cents per share. The company also guided to a non-GAAP subscription ARR contribution margin of approximately 11-12%.
For fiscal 2027, Rubrik raised its full-year outlook and now expects subscription ARR of $1.854 billion to $1.862 billion and revenues of $1.638 billion to $1.648 billion. The company guided to non-GAAP earnings of 25 to 35 cents per share and free cash flow of $293 million to $303 million, while noting that material rights revenues are expected to remain a headwind as the cloud transition nears completion.
Rubrik’s Zacks Rank & Stocks to ConsiderCurrently, RBRK has a Zacks Rank #4 (Sell).
Micron Technology (MU - Free Report) , Sandisk Corporation (SNDK - Free Report) and Amphenol (APH - Free Report) are some better-ranked stocks that investors can consider in the broader Zacks Computer and Technology sector.
MU and SNDK each sport a Zacks Rank #1 (Strong Buy), while APH carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Micron Technology shares have soared 249% in the year-to-date period. The company is scheduled to release third-quarter fiscal 2026 results on June 24.
Sandisk Corporation shares have returned 641.3% in the year-to-date period. The company is expected to report fourth-quarter fiscal 2026 results on Aug.13.
Amphenol shares have gained 8.7% in the year-to-date period. The company is expected to report second-quarter fiscal 2026 results on July 29.
Rubrik earns a Strong Buy rating, driven by robust growth, expanding margins, and a deepening cybersecurity ecosystem. RBRK's moat is reinforced by high-margin SaaS offerings in identity security and AI acceleration, making customer switching costly and unlikely. Q1 2027 results showed 32% YoY subscription ARR growth to $1.57B, 39% total revenue growth, and non-GAAP gross margin expansion to 82.9%.
LAS VEGAS--(BUSINESS WIRE)--Rubrik FORWARD -- Rubrik (NYSE: RBRK), the Security and AI Operations company, today unveiled Autonomous Business Recovery (ABR) for Cloud Applications, the agentic cyber resilience solution that recovers cloud applications from data to network, identity and configurations. The end result is a rebuild of an organization's Minimum Viable Business (MVB) at machine speed. At a time when powerful AI models collapse the window between vulnerability discovery and exploitat.
LAS VEGAS--(BUSINESS WIRE)--Rubrik FORWARD -- Rubrik (NYSE: RBRK), the Security and AI Operations Company, today announced the launch of Rubrik AI, which transforms its platform with agentic-first experiences to operate at AI speed. Rubrik AI adapts to each organization's context and security threats and autonomously acts at machine speed across Rubrik's product portfolio. From day one, Rubrik built an API-first platform to provide the industry's leading cyber resilience for customers. Now, the.
LAS VEGAS--(BUSINESS WIRE)--Rubrik (NYSE: RBRK), the Security and AI Operations Company, today announced, Project Hourglass, an alliance with elite Global Systems Integrators (GSIs) to deliver Rubrik Agent Cloud for Anthropic's Claude Code to their enterprise clients. GSI leaders, including Cognizant, Deloitte, LTM, HCLTech, NTT Data, and Wipro, are integrating Rubrik Agent Cloud (RAC) into their cybersecurity and digital transformation architectures. Project Hourglass addresses the critical se.
LAS VEGAS--(BUSINESS WIRE)--Rubrik FORWARD — Rubrik (NYSE: RBRK), the Security and AI Operations company, today unveiled the next stage of Rubrik Annapurna, establishing the AI-ready unstructured data layer for enterprise Data Intelligence platforms of choice. Annapurna scans and catalogs unstructured data in place across distributed systems, publishes a queryable catalog into a lakehouse, and eliminates the data duplication and Extract, Transform, Load (ETL) overhead that has historically kept.
LAS VEGAS--(BUSINESS WIRE)--Rubrik FORWARD — Rubrik (NYSE: RBRK) today introduced two new Identity Resilience capabilities to expand its product suite. The first, Identity Continuity is powered by the acquisition of Strata.io, which enables organizations to secure, modernize, and manage human and agent identities without disrupting existing infrastructure. The second is Identity Roll Forward, industry-first capabilities, fully developed in-house by the Rubrik team.
Rubrik Identity Resilience now allows you to roll forward legitimate changes such as employee onboarding and offboarding without reintroducing attacker persistence, reducing weeks of manual rebuild of your identity systems. With the acquisition of Strata, Rubrik automatically fails over to a secondary Identity Provider (IdP) to keep critical applications online throughout an incident and enables customers to fully restore identity systems. Recent data from Rubrik Zero Labs revealed that 90% of IT and security leaders cite identity-based threats as their top concern.
“When an IdP is compromised, organizations face an impossible choice: roll back to a past clean state and lose legitimate business progress or stay compromised and leave the attacker's backdoors intact,” said Anneka Gupta, Chief Product Officer at Rubrik. “Now, Rubrik eliminates this trade-off by not only recovering identity to a clean, current state to wipe out attacker persistence, but also keeping authentication running automatically if a primary IdP goes down.”
Rubrik acquired Strata, a company specializing in Identity Orchestration. Its core mission is to unify fragmented Identity and Access Management (IAM) infrastructures across multi-cloud, hybrid, and on-premises environments without forcing enterprises to rewrite their application code. Strata CEO and Co-Founder, Eric Olden co-authored the SAML identity federation standard, the ubiquitous standard used for authorization and authentication by identity providers, which enables seamless navigation between secure websites without repeated logins. Notably, Strata CTO, Granville Schmidt has been the chair of JavaScript security working group.
“Rubrik has built the most comprehensive offering for identity resilience, and Strata closes the most critical gap: Identity Continuity,” said Mike Tornincasa, Chief Business Officer, Rubrik. ”Strata’s work on agentic identity along with our new combined team and shared focus on innovation and customer impact will define how the world achieves complete Identity Resilience.”
Rubrik Identity Resilience enhanced by new solutions:
Identity Roll Forward: Allows organizations to surgically reconstruct Active Directory. Identity Roll Forward uses Rubrik intelligence and third party signals to identify, isolate, and reverse unauthorized changes while keeping legitimate modifications completely intact.Identity Continuity: Keeps authentication running automatically when the primary Identity Provider goes down. With the acquisition of Strata.io, Rubrik Identity Resilience ensures that while recovery is underway, authentication never stops. Through automatic failover to a secondary Identity Provider, users retain access to critical applications keeping the business operational throughout a cyber incident.Terms of Rubrik’s acquisition of Strata.io were not disclosed.
Rubrik Identity Roll Forward and Identity Continuity are in private preview.
Learn more breaking news at Rubrik FORWARD:
Rubrik Now Available as AI AgentRubrik Launches Rubrik Agent Cloud for Anthropic's Claude CodeRubrik Unlocks Unstructured DataRubrik Introduces Introduces Autonomous Business Recovery Solution for Cloud ApplicationsGlobal Systems Integrators Partner with Rubrik to Deliver Rubrik Agent Cloud for Anthropic's Claude CodeSAFE HARBOR STATEMENT
Any unreleased services or features referenced in this document are not currently available and may not be made generally available on time or at all, as may be determined in our sole discretion. Any such referenced services or features do not represent promises to deliver, commitments, or obligations of Rubrik, Inc. and may not be incorporated into any contract. Customers should make their purchase decisions based upon services and features that are currently generally available.
About Rubrik
Rubrik (NYSE: RBRK), the Security and AI Operations Company, leads at the intersection of data protection, cyber resilience, and enterprise AI acceleration. Rubrik Security Cloud delivers complete cyber resilience by securing, monitoring, and recovering data, identities, and workloads across clouds. Rubrik Agent Cloud accelerates trusted AI agent deployments at scale by monitoring and auditing agentic actions, enforcing real-time guardrails, fine-tuning for accuracy and undoing agentic mistakes. For more information, please visit www.rubrik.com and follow @rubrikInc on X (formerly Twitter) and Rubrik on LinkedIn.
Delivers Runtime Agent Security and Agent Rewind for Code Repository and Agentic Harness
LAS VEGAS--(BUSINESS WIRE)--Rubrik FORWARD--Rubrik (NYSE: RBRK), the Security and AI Operations Company, today announced Rubrik Agent Cloud (RAC) for Anthropic’s Claude Code and Claude Cowork. Organizations can now deploy Claude-powered agents at scale with observability, control, and the industry’s only agent rewind to reverse unintended actions, and immutable codebase recovery when an incorrect action outruns version control. A new, additional layer of resilience for Claude agents backs up, monitors, and restores the configuration that governs how agents behave.
AI agents now write, push, and deploy code autonomously, but enterprise security infrastructure was built assuming humans are always in the loop. A gap could enable rogue commits, repo ransomware, prompt injection, and IP exfiltration at machine speed - with blast radius far beyond what traditional DevSecOps controls were designed to handle.
“Organizations are adopting Claude faster than any agentic technology we have seen, and every security leader asks the same question: how do we stay in control when an agent can act?” said Anneka Gupta, Chief Product Officer, Rubrik. “Rubrik Agent Cloud gives organizations a resilience layer for Claude, which allows them to see what agents can access, govern what they do, rewind their actions, and recover both the code and the agent’s own configuration when something is destroyed or tampered with. Working with Anthropic, a leader in AI, lets us bring that control to customers from day one.”
RAC for Claude Code and Cowork: Delivers enterprise control and resilience layers for organizations deploying Anthropic’s Claude. The autonomous environment is secured with the following capabilities:
Semantic AI Governance Engine (SAGE): The industry’s first AI governance engine, designed to secure and control autonomous agents in real time. SAGE replaces static, manual oversight with intent-driven governance to safely scale the enterprise AI workforce. Agent Inventory: Delivers 360-degree visibility into risk, access permissions, and policy violations across all deployed agents. Agent Rewind: Provides the power to instantly and precisely reverse unintended actions from custom agents to agents developed in popular agentic tools, including agentic development environments like Claude Code and Cowork. Codebase Resilience: Enhanced rewind for code & developer pipelines maintains continuous, immutable snapshots of GitHub and Azure DevOps repositories, stored outside the repo and beyond the reach of compromised credentials. When an agent or an attacker exploiting one takes an action that version control cannot undo, such as force-pushing over commit history or deleting every branch, RAC restores a known-good state with one-click repository or org-level recovery, including ransomware rollback for code. Resilience for Claude Agents: Backs up, version-tracks, and restores the configuration that governs how Claude agents behave (system prompts, tool permissions, skills, and key files such as CLAUDE.md and settings) across organization, repository, and user levels. Rubrik continuously monitors for configuration drift and flags changes that appear malicious or unauthorized before they propagate. Rather than a blunt rollback, Rubrik’s intelligent recovery is able to autonomously tie the detected drift to the healthy backup snapshots to enable fast, orchestrated recovery. For more information, check out the Rubrik Agent Cloud for Claude Code and Cowork here.
Learn more breaking news at Rubrik FORWARD:
Rubrik Now Available as AI Agent Rubrik Unlocks Unstructured Data Rubrik Introduces Autonomous Business Recovery Solution for Cloud Applications Global Systems Integrators Partner with Rubrik to Deliver Rubrik Agent Cloud for Anthropic's Claude Code Rubrik Advances Identity Resilience Through Strata Acquisition and Identity Roll Forward Innovation SAFE HARBOR STATEMENT: Any unreleased services or features referenced in this document are not currently available and may not be made generally available on time or at all, as may be determined in our sole discretion. Any such referenced services or features do not represent promises to deliver, commitments, or obligations of Rubrik, Inc. and may not be incorporated into any contract. Customers should make their purchase decisions based upon services and features that are currently generally available.
About Anthropic
Anthropic is an AI safety and research company dedicated to building reliable, interpretable, and steerable AI systems. Its Claude family of models enables advanced capabilities across a wide range of applications, including code understanding and security analysis.
About Rubrik
Rubrik (NYSE: RBRK), the Security and AI Operations Company, leads at the intersection of data protection, cyber resilience, and enterprise AI acceleration. Rubrik Security Cloud delivers complete cyber resilience by securing, monitoring, and recovering data, identities, and workloads across clouds. Rubrik Agent Cloud accelerates trusted AI agent deployments at scale by monitoring and auditing agentic actions, enforcing real-time guardrails, fine-tuning for accuracy and undoing agentic mistakes. For more information, please visit www.rubrik.com and follow @rubrikInc on X (formerly Twitter) and Rubrik on LinkedIn.
