Quarterly ResultMay 13, 2026, 08:07 AM
Valens Semiconductor Q1 Revenue $16.9M, Exceeds Guidance
AI Summary
Valens Semiconductor reported strong first-quarter 2026 results, exceeding its revenue and gross margin guidance. The company achieved $16.9 million in revenues and a GAAP gross margin of 62.2%. While the company continues to operate at a net loss and adjusted EBITDA loss, management highlighted increased adoption of Audio-Video chipsets and progress in the automotive MIPI A-PHY ecosystem. For the second quarter of 2026, Valens projects revenues between $17.2 million and $17.6 million.
Key Highlights
- Valens Semiconductor Q1 2026 revenues reached $16.9 million, exceeding guidance of $16.3-$16.7 million.
- Q1 2026 GAAP gross margin was 62.2% (non-GAAP 65.2%), above guidance of 57%-59%.
- Cross-Industry Business (CIB) revenues were $11.0 million, approximately 65% of total revenues.
- Automotive revenues were $5.9 million, approximately 35% of total revenues.
- Q1 2026 GAAP net loss amounted to $(8.3) million, and adjusted EBITDA loss was $(5.5) million.
- Cash, cash equivalents, and short-term deposits were $86.1 million as of March 31, 2026.
- For Q2 2026, Valens expects revenues of $17.2-$17.6 million and adjusted EBITDA loss of $(4.9)-$(4.4) million.