Full Transcript: Valens Semiconductor Q1 2026 Earnings Call

Valens Semiconductor (NYSE:VLN) reported first-quarter fiscal results connected Wednesday. The transcript from the company's first-quarter net telephone has been provided below.

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Summary

Valens Semiconductor Ltd reported Q1 2026 revenues of $16.9 million, exceeding the apical extremity of their guidance.

GAAP gross borderline was 62.2%, surpassing expectations, portion adjusted EBITDA was a nonaccomplishment of $5.5 million, smaller than anticipated.

Strong adoption was seen for the VS3000 and VS6320 chips, with strategical partnerships and merchandise releases from large AV manufacturers.

The institution demonstrated the interoperability of its VA7000 chipset for automotive, reinforcing its presumption successful the market.

Guidance for Q2 2026 includes revenues betwixt $17.2 cardinal and $17.6 million, with a afloat twelvemonth outlook unchanged astatine $75-77 million.

CFO Guy Nathanson announced his departure, with a hunt underway for his replacement.

Full Transcript

OPERATOR

Thank you for lasting by and invited to The Valens Semiconductor Ltd First Quarter 2026 Financial Results Conference Call. All lines person been placed connected mute to forestall immoderate inheritance noise. After the speaker's remarks, determination volition beryllium a question and reply session. If you would similar to inquire a question during this time, simply property STAR followed by the fig 1 connected your telephone keypad. If you would similar to retreat your question again, property Star one. Thank you. I'd present similar to crook the telephone implicit to Mikey Benari of Investor Relations. You whitethorn begin.

Mikey Benari (Investor Relations)

Thank you and invited everyone to Valens Semiconductor Ltd archetypal 4th 2026 net call. With maine contiguous are Johan Zeinjer, Chief Executive Officer and Guy Nathanson, Chief Financial Officer,. Earlier contiguous we issued a property merchandise that is disposable connected the Investor Relations conception of our website nether investors.valens.com As a reminder, today's net telephone whitethorn see guardant looking statements and projections which bash not warrant aboriginal events oregon performance. These statements are taxable to the Safe harbor connection successful today's property release. Please notation to our Annual study connected Form 20-F filed with the SEC connected February 25, 2026 for a treatment of the factors that could origin existent results to disagree materially from those expressed oregon implied. We bash not undertake immoderate work to revise oregon update specified statements to bespeak caller information, consequent events oregon changes successful strategy. We volition beryllium discussing definite non GAAP measures connected this telephone which we judge are applicable successful assessing the fiscal show of the concern and you tin find reconciliation of these metrics wrong our net release. With that, I volition present crook the telephone implicit to Yola.