Israel's Valens Semiconductor Q3 revenue rises on automotive segment growth
VLN•Valens Semiconductor's third-quarter revenue rose year over year to $21.91 million, while adjusted loss per share was unchanged at $0.02. The company expects 2026 revenue of $78 million to $81 million and an adjusted EBITDA loss of $12.9 million to $14.9 million.
1. Quarterly results
Third-quarter revenue rose year over year to $21.91 million, beating the $21.50 million consensus estimate. Adjusted loss per share was $0.02, in line with estimates, and adjusted EBITDA loss narrowed to $2.75 million from a year earlier, compared with a $3.10 million expected loss. Net loss was $5.50 million.
2. Outlook and segments
Valens expects 2026 revenue of $78 million to $81 million and an adjusted EBITDA loss of $12.9 million to $14.9 million. Automotive revenue increased sequentially and year over year, while automotive gross margin rose on lower testing facility expenses and product mix changes. CIB gross margin declined, mainly due to a change in product mix. The company expects cash collections to improve in the fourth quarter due to the timing of third-quarter revenue.
