The chipmaker reported a narrower-than-expected Q1 loss and revenue beat, driven by cross-industry business demand.
Valens Semiconductor posted a Q1 non-GAAP loss of $0.05 per share, beating estimates by $0.01, as revenue rose 0.2% year-over-year to $16.86 million. The result exceeded expectations by $0.39 million.
Cross-Industry Business revenues accounted for 65% of total revenue at $11.0 million, down from $13.9 million in Q4 2025 but above the $11.7 million mark. The company did not disclose immediate market reactions to the earnings release.