CEVA, Inc. reported a 21% YoY decline in Q2 FY23 revenue to $26.17 million, missing the consensus of $30.62 million. The company's licensing business was impacted by a slowdown in the funding of semiconductor startups. Licensing, non-recurring engineering (NRE), and related revenue decreased 24% YoY to $16.8 million, while royalty revenue declined by 15% YoY to $9.4 million. CEVA shares traded lower by 14.5% at $21.47.