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Valens Semiconductor shares surge after company raises full-year guidance
['Fiona Craig', 'Wed', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
The company reported an adjusted loss per share of $0.04, in line with analyst expectations.
Valens raises 2026 revenue forecastFollowing its second-quarter performance, Valens increased its full-year 2026 revenue guidance to between $78.0 million and $81.0 million.
"We are pleased with our performance in the second quarter, where we exceeded our guidance and delivered revenue of $18.1 million," said Yoram Salinger, CEO of Valens Semiconductor.
In the second quarter, Valens recorded an adjusted EBITDA loss of $4.2 million, outperforming its own guidance range for a loss of between $4.9 million and $4.4 million.
Valens Semiconductor stock price