Valens Semiconductor Reports Q1 Earnings Beat and Reaffirms Full-Year Outlook
Valens Semiconductor reported first-quarter revenue of $16.9 million, exceeding its guidance range of $16.3 to $16.7 million. The company also delivered a GAAP gross margin of 62.2% above expectations and an adjusted EBITDA loss narrower than forecasted at $5.5 million. Management highlighted strong performance in audio/video chips like the VS3000 and VS6320, as well as progress on automotive connectivity standards with its VA7000 chipset.
Topics: audio/video chips automotive connectivity ebitda performance semiconductors