NYSE$VLN
Valens Semiconductor Ltd · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Valens beats Q1 revenue and margin guidance on connectivity chip demand
Valens Semiconductor reported Q1 2026 revenue of $16.9 million, topping its $16.3–$16.7 million guidance and up slightly from $16.8 million a year ago. GAAP gross margin expanded to 62.2% (65.2% non-GAAP) versus guidance of 57–59%, driven by favorable Cross-Industry Business product mix. The company posted a GAAP net loss of $8.3 million ($0.08 per share) and an adjusted EBITDA loss of $5.5 million, better than the guided $(7.9)–$(7.5) million range. CIB revenues were $11.0 million (65% of total) while Automotive contributed $5.9 million (35%). Cash and short-term deposits totaled $86.1 million with no debt. Management guided Q2 revenue of $17.2–$17.6 million with gross margin of 60–62%.
- Q1 revenue of $16.9M beat the top end of guidance ($16.3–$16.7M) with GAAP gross margin at 62.2%, above the 57–59% target range.
- Cross-Industry Business generated $11.0M (65% of revenue) while Automotive grew to $5.9M; CEO highlighted VS6320/VS3000 adoption and MIPI A-PHY ecosystem progress.
- Adjusted EBITDA loss narrowed to $5.5M versus guidance of up to $7.9M; GAAP net loss was $8.3M ($0.08/share), non-GAAP loss $0.05/share.
- Cash, cash equivalents and short-term deposits were $86.1M as of March 31 with zero debt, down from $92.6M at year-end.
- Q2 2026 outlook: revenue $17.2–$17.6M, gross margin 60–62%, adjusted EBITDA loss $(4.9)–$(4.4)M.
Headline financials
Revenue & EPS history
Valens · Revenue · Quarterly
$16.9M
Revenue by segment
Valens · $16.9M total across 2 segments · Q1 2026
- Cross-Industry Business$11M—65.1%
- Automotive$5.9M—34.9%
Forward guidance
For Q2 2026, Valens expects revenue of $17.2–$17.6 million, gross margin of 60–62%, and an adjusted EBITDA loss of $(4.9)–$(4.4) million.
Tailwinds
- Revenue guidance implies sequential growth from Q1's $16.9M beat.
- Gross margin outlook of 60–62% remains well above historical guidance floors.
- Adjusted EBITDA loss expected to narrow further to $(4.9)–$(4.4)M.
Headwinds
- Company still guiding to adjusted EBITDA losses with no near-term profitability target.
- Cash balance declined sequentially as operating activities consumed $5.1M.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q1 2026
-2.6%
Avg return
Earnings day
-4.5%
Avg return
5 days after
-8.3%
Avg return
30 days after
18%
3 / 17 earnings
Positive
+8.9%
Q1 2026
Best reaction
-12.8%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +0.0% | +5.2% | — | |
| Q1 2026 | +8.9% | +5.2% | — | |
| Q3 2025 | -5.6% | -13.3% | -11.7% | |
| Q2 2025 | -12.8% | -8.4% | -16.4% | |
| Q1 2025 | -4.9% | -10.8% | -20.9% | |
| Q4 2023 | -5.1% | -2.1% | -0.4% | |
| Q3 2023 | -1.4% | -3.7% | +9.3% | |
| Q2 2023 | +1.6% | +0.4% | +0.8% | |
| Q1 2023 | -0.4% | -2.8% | -6.0% | |
| Q4 2022 | -0.9% | -10.2% | -30.8% | |
| Q3 2022 | +2.1% | -3.1% | +29.7% | |
| Q2 2021 | -5.1% | -10.9% | -16.3% | |
| Q2 2022 | +0.0% | -0.3% | +13.7% | |
| Q1 2022 | -2.7% | +11.7% | -3.9% | |
| Q4 2021 | -5.3% | -12.6% | -20.4% | |
| Q4 2020 | -5.3% | -12.6% | -20.4% | |
| Q3 2021 | -6.9% | -7.3% | -30.0% | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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