NYSE$VLN

Valens Semiconductor Ltd · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

Valens Semiconductor exceeded revenue guidance and continued its growth trajectory in Q3 2025.

Valens Semiconductor posted strong Q3 2025 results with revenue beating guidance and the sixth consecutive quarter of growth. Despite a net loss, the company showed resilience across its key markets, particularly ProAV and medical. The quarter also marked a CEO transition.

Headline financials

Total Revenue

$17.3M

No prior period
EPS (adj)

-$0.04

No prior period
Gross Margin

63.0%

No prior period
Non-GAAP Gross Margin

66.7%

No prior period
Adjusted EBITDA

-$4.3M

No prior period
Total Cash and Deposits

$93.5M

No prior period
Weighted Average Shares

101.4M

No prior period
Net Income

-$7.32M

No prior period
Operating Income

-$8.04M

No prior period
Gross Profit

$10.9M

No prior period

Revenue & EPS history

Valens · Revenue · Quarterly

$17.3M

Q3 2025
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Revenue by segment

Valens · $16.9M total across 2 segments · Q1 2026

  • Cross-Industry Business
    $11M
  • Automotive
    $5.9M

Forward guidance

Valens expects continued momentum in Q4 2025, forecasting higher revenue and maintaining gross margins despite ongoing EBITDA losses.

Tailwinds

  • Q4 2025 revenue guidance of $18.2M–$18.9M, higher than Q3 2025
  • Expected gross margin of 58%–60% aligns with historical performance
  • Growth momentum continuing in ProAV and medical markets
  • Strong cash position with no debt
  • Improved adjusted EBITDA outlook vs prior quarters

Headwinds

  • Ongoing adjusted EBITDA losses projected for Q4 2025
  • Automotive segment revenue down year-over-year
  • Cash balance decreased from previous quarter due to share repurchases
  • No active share repurchase program going forward
  • CEO transition may create short-term uncertainty

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 Q3 2025

Historical avgQ3 2025

-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

Earnings price reactions
QuarterReport dateReaction (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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