Valens Semiconductor Ltd. (NYSE:VLN) reported its third-quarter 2026 financial results on November 11, 2026, disclosing revenue of $21.9 million that exceeded the top end of the company's quarterly guidance range of $21.3 million to $21.7 million.

Key Highlights

  • Revenue above guidance: Q3 2026 revenue reached $21.9 million, compared to $18.1 million in Q2 2026 and $17.3 million in Q3 2025.
  • Segment split: Cross-Industry Business (CIB) accounted for approximately 65% of total revenue at $14.0 million; Automotive accounted for approximately 35% at $7.9 million.
  • GAAP gross margin: 62.2% in Q3 2026, with non-GAAP gross margin of 64.4%, both described as above guidance.
  • GAAP net loss: $(5.5) million in Q3 2026, compared to $(8.1) million in Q2 2026 and $(7.3) million in Q3 2025.
  • Adjusted EBITDA: A loss of $(2.7) million, better than the guidance range of $(3.4) million to $(2.8) million.
  • Cash position: Cash, cash equivalents and short-term deposits of $74.7 million as of September 30, 2026, down from $83.4 million as of June 30, 2026.
  • Full-year 2026 guidance reaffirmed: Revenue of $78 million to $81 million, "toward the upper end of the range," with Adjusted EBITDA loss expected between $(14.9) million and $(12.9) million.

Valens Semiconductor Q3 2026 Results: Revenue, Margins, and Segment Performance

According to the filing, Valens Semiconductor's Q3 2026 revenue of $21.9 million represented growth from $18.1 million in Q2 2026 and $17.3 million in the year-ago quarter. The company disclosed that CIB revenue of $14.0 million compared to $13.1 million in Q2 2026 and $13.2 million in Q3 2025, while Automotive revenue of $7.9 million compared to $5.0 million in Q2 2026 and $4.1 million in Q3 2025. The filing noted that the Automotive revenue result was "in line with our expectation and plan."

On gross margins, the filing reported that Q3 2026 CIB gross margin was 66.8% and Automotive gross margin was 53.9%. The company attributed the decrease in CIB gross margin compared to Q2 2026 and Q3 2025 "mainly due to a change in product mix," while the increase in Automotive gross margin compared to Q2 2026 was attributed to "lower testing facility expenses incurred to prioritize and support production requirements, as well as a change in product mix." The adjusted EBITDA improvement was described as "related mainly to revenue increase, partially offset by planned tape out costs."

The filing disclosed that the decrease in cash from $83.4 million as of June 30, 2026 to $74.7 million as of September 30, 2026 "primarily reflects timing differences in collections, driven by the higher volume of revenues recognized toward the end of the third quarter and are expected to be collected in the following quarter, in line with standard payment terms." On the business side, the company announced the VS6310 chipset, designed for integration into cameras and conference room peripherals, and disclosed a partnership with onsemi for automotive camera applications. The filing contains forward-looking statements that are subject to the company's cautionary language and risk factors described in its Form 20-F filed with the SEC on February 25, 2026.

What Was Disclosed

Valens Semiconductor disclosed Q3 2026 financial results showing revenue of $21.9 million above guidance, a GAAP net loss of $(5.5) million, an adjusted EBITDA loss of $(2.7) million, and $74.7 million in cash and equivalents. Full-year 2026 revenue guidance of $78 million to $81 million was reaffirmed.