PR Newswire·Nov 11, 2026, 6:30 AM ET

Valens Semiconductor Reports Strong Third Quarter 2026 Results

Valens Semiconductor reported Q3 2026 revenue of $21.9 million, exceeding the guidance range of $21.3 million to $21.7 million.
Q3 2026 GAAP gross margin was 62.2% while non-GAAP gross margin was 64.4%, both surpassing company guidance.
Cash, cash equivalents, and short-term deposits totaled $74.7 million as of September 30, 2026.
The company announced the VS6310 low-power USB3 extension chipset for video conferencing devices such as PTZ cameras.
Valens partnered with onsemi to develop a cost-optimized integrated sensor for high-volume 3-megapixel automotive camera applications.
Cross-Industry Business (CIB) revenue reached $14.0 million, representing approximately 65% of total revenue.
Automotive revenue grew to $7.9 million, accounting for approximately 35% of total revenue.
GAAP net loss for Q3 2026 was $5.5 million, a decrease from $7.3 million in Q3 2025.
Adjusted EBITDA loss for the quarter was $2.7 million, which was better than the projected loss range of $2.8 million to $3.4 million.
Valens reaffirmed its full-year 2026 revenue guidance of $78 million to $81 million, aiming for the upper end of the range.
Full-year 2026 adjusted EBITDA is expected to be a loss between $12.9 million and $14.9 million.
The company will host a conference call at 8:30 a.m. Eastern Time to discuss operational and financial results.
The 2025 Annual Report on Form 20-F is available online or upon request via the investor relations section.