Israel's Valens Semiconductor Q1 revenue beats on automotive segment growth

Valens Semiconductor

13/05/2026 11:39

Overview

Israel connectivity chipmaker's Q1 revenue beat analyst expectations

Q1 pretax profit missed analyst expectations

Outlook

Valens expects Q2 2026 revenue of $17.2 mln to $17.6 mln

Company sees Q2 2026 gross margin between 60% and 62%

Valens forecasts Q2 2026 adjusted EBITDA loss of $4.9 mln to $4.4 mln

Result Drivers

AUDIO-VIDEO CHIPSET ADOPTION - Increased market adoption of VS6320 and VS3000 chipsets supported revenue, per CEO Yoram Salinger

AUTOMOTIVE SEGMENT GROWTH - Automotive revenues rose from prior periods, with focus on MIPI A-PHY ecosystem and demonstration of multi-vendor interoperability

CIB GROSS MARGIN IMPROVEMENT - Gross margin in the Cross-Industry Business segment increased versus Q4 2025, mainly due to product mix

Company press release: ID:nPn4Tc0Z3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$16.86 mln
$16.47 mln (3 Analysts)
Q1 Adjusted EPS
Beat
-$0.05
-$0.06 (3 Analysts)
Q1 Net Income
-$8.29 mln
Q1 Adjusted EBITDA
Beat
-$5.47 mln
-$7.50 mln (2 Analysts)
Q1 Pretax Profit
Miss
-$8.27 mln
-$7.37 mln (3 Analysts)
Q1 Adjusted Gross Margin
65.20%
Q1 Operating Expenses
-$19.43 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy."

Wall Street's median 12-month price target for Valens Semiconductor Ltd is $4.00, about 48.1% above its May 12 closing price of $2.70

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)