Page 1

CEVA Second Quarter 2021 Earnings www.ceva-dsp.com Our performance in the second quarter was exceptional , both in terms of financial metrics , with all - time high revenue , and in terms of market traction , where our IP portfolio continues to attract customers who rely on us to streamline and expedite their loT and 5G strategies . Gideon Wertheizer , CEO Total Revenue $ 30.5M * 29 % Year over Year " Earnings Per Share 1 ¢ GAAP versus ( 5 ¢ ) in Q2 '20 22 ¢ NON - GAAP versus 12 ¢ in Q2 '20 Quarterly Performance Overview Q2 2020 Q2 2021 Revenue Breakdown $ 23.6M $ 30.5M Total Revenue YoY Change + 29 % $ 13.5M $ 15.5M $ 10.1M $ 14.9M Earnings $ 5.1M $ 2.9M Licensing , NRE & Related YoY Change + 15 % Royalties YoY Change + 48 % Non - GAAP net income YoY Change + 77 % Quarterly Revenues Licensing , NRE & Related $ 15.5M $ 14.4M $ 13.5M $ 12.4M $ 12.1M Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Royalties $ 16.1M $ 14.9M $ 12.5M $ 11M $ 10.1M Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 17 Deals Signed in the Quarter LO 5 1 11 14 base station & loT category 6 first - time CEVA customers Target Markets for Licensees Include P9 Wi Fi 5G Small Cells Surveillance TWS Earbuds Wi - Fi 6 Bluetooth 5 Shipment Data 451M Units * 81M 57M 313M * Smartphones Feature Phones Base Station & loT Acquisition of Intrinsix completed New NRE revenues . New customers and markets in the aerospace & defense fields INTRINSIX a CEVA company TM We welcome the Intrinsix team to the CEVA family Fast Facts $ 137m cash and cash equivalent balances , marketable securities and bank deposits , debt free 468 CEVA employees worldwide as of Q2 , 387 of which are engineers * indicates all - time record high NASDAQ : CEVA || visit us at investors.ceva-dsp.com