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