CEVA, Inc. (NASDAQ:CEVA) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET

Company Participants

Richard Kingston - VP, Market Intelligence, Investor & Public Relations

Gideon Wertheizer - CEO & Director

Yaniv Arieli - CFO & Treasurer

Conference Call Participants

Matthew Ramsay - Cowen and Company

Kevin Cassidy - Rosenblatt Securities

Suji Desilva - ROTH Capital Partners

Chris Reimer - Barclays Bank

David O'Connor - BNP Paribas Exane

Martin Yang - Oppenheimer

Operator

Good day, and welcome to the Second Quarter 2022 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. Please go ahead.

Richard Kingston

Thank you, Ako. Good morning, everyone, and welcome to CEVA's Second quarter 2022 Earnings Conference Call. I'm joined today by Gideon Wertheizer, Chief Executive Officer; and Yaniv Arieli, Chief Financial Officer of CEVA. Gideon will cover the business aspects and highlights on the second quarter and provide general qualitative data. Yaniv will then cover the financial results for the second quarter and also provide guidance for the third quarter and full year 2022.

I'll start with the forward-looking statements. Please note 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 growth in the wireless component of the global semiconductor market are and our customer's gain in market share and the future of 5G and Wi-Fi, our market position and strategy, including the strength of our technology offerings and efforts with respect to our co-creation business proposition, impacts of global economic uncertainty and COVID on our business, including royalties, demands for and benefits of our technologies, and expectations and financial guidance regarding future performance, including for the full year and third quarter of 2022.

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 scope and the duration of the pandemic, including continued restrictions in China, the extent and the length of the restrictions associated with the pandemic, and the impact on customers, consumer demand and the global economy generally; the ability of CEVA's IPs for smarter connected devices to continue to be strong growth drivers for us; our success in entering new markets and maintaining our market position in existing markets; the ability of new products incorporating our technologies to achieve market acceptance; the speed and extent of the expansion of the 5G and IoT markets; our ability to execute more base station and IoT license agreements; the effect of enhanced industry competition and consolidation; global chip market trends including supply chain issues as a result of COVID-19 and other factors; and our ability to successfully integrate Intrinsix into our business.