Valens Semiconductor revenue accelerates to $21.9 million
Key points
- Valens Semiconductor (NYSE:VLN) reported third-quarter 2026 revenue of US$21.9 million, up from US$17.3 million a year earlier and US$18.1 million in the previous quarter.
- GAAP gross margin reached 62.2%, while GAAP net loss narrowed to US$5.5 million; adjusted EBITDA remained negative at US$2.7 million.
- The company maintained its 2026 revenue forecast of US$78 million–US$81 million and outlined plans to expand into mainstream markets, including video conferencing devices and automotive cameras.
Valens Semiconductor (NYSE:VLN) reported third-quarter 2026 revenue of US$21.9 million, exceeding its guidance and increasing from US$17.3 million in the prior-year quarter.
Revenue also increased from US$18.1 million in the second quarter, with Cross-Industry Business contributing US$14 million and Automotive generating US$7.9 million.
The company reported continued revenue growth across its business segments, supported by demand for semiconductor connectivity solutions.
GAAP gross margin reached 62.2%, improving sequentially but remaining below 63% a year earlier, while GAAP net loss narrowed to US$5.5 million and adjusted EBITDA recorded a loss of US$2.7 million.
Valens maintained its full-year 2026 revenue forecast of US$78 million–US$81 million, with management expecting results toward the upper end, while projecting an adjusted EBITDA loss between US$12.9 million and US$14.9 million.
Valens develops semiconductor connectivity solutions for automotive, audio-video and industrial applications, including technologies used to transmit high-speed data and video over wired connections.
The company ended September with US$74.7 million in cash, cash equivalents and short-term deposits, down from US$83.4 million at June 30, while outlining plans to target mainstream markets such as video conferencing equipment and automotive cameras.
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