Overview
- Valens reported Q1 revenue of $16.9 million, topping guidance, with a 62.2% GAAP gross margin.
- Adjusted EBITDA came in at a $5.5 million loss, which was smaller than anticipated.
- The company guided Q2 revenue to $17.2 million to $17.6 million and kept its 2026 outlook at $75 million to $77 million.
- Leaders cited strong uptake of the VS3000 and VS6320 chips in pro A/V gear and showed the VA7000 automotive chipset working with other vendors’ systems.
- CFO Guy Nathanson announced his departure, and the company has begun a search for his replacement.