CEVA, Inc. (NASDAQ:CEVA) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET

Company Participants

Richard Kingston - Vice President of Market Intelligence & Investor Relations

Amir Panush - Chief Executive Officer

Yaniv Arieli - Chief Financial Officer

Conference Call Participants

Matt Ramsay - TD Cowen

Kevin Cassidy - Rosenblatt Securities

Chris Reimer - Barclays

Operator

Good day, and welcome to the CEVA Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, today's event is being recorded.

I would now like to turn the conference over to Richard Kingston, Vice President, Market Intelligence and Investor and Public Relations. Please go ahead, sir.

Richard Kingston

Thank you, Rocco. Good morning, everyone. I'm well in the CEVA's second quarter 2023 earnings conference call. Joining me today on the call are Amir Panush, Chief Executive Officer; and Yaniv Arieli, Chief Financial Officer of CEVA.

Before handing over to Amir, I would like to remind everyone that today's discussions contain 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 regarding market trends and dynamics, including anticipated recovery in semiconductor startup funding and opportunities for WiFi and generative AI, our market position, strategy and growth drivers, demand for and benefits of our technologies and expectations and financial guidance regarding future performance, including expected recovery in revenues and guidance for the third quarter and full year 2023.

For information on the factors that could cause a difference in our results, please refer to our filings with the Securities and Exchange Commission. These include the effect of intense industry competition; the ability of DVA 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 cyclical nature of and general economic conditions in the semiconductor industry, see his ability to diversify its royalty streams and license revenues, CEVA's ability to continue to generate significant revenues from the handset baseband market and to penetrate new markets, and CEVA assumes no obligation to update any forward-looking statements or information, which speak of their respective dates.

In addition, we will be discussing certain non-GAAP financial measures, which we believe provide a more meaningful analysis of our core operating results and comparison of quarterly results. A reconciliation of non-GAAP financial measures is included in the earnings release we issued this morning and in the SEC filings section of our Investor Relations website at investors.ceva-dsp.com.