Earnings ·
Valens Semiconductor Ltd. filed its unaudited condensed consolidated financial statements for the three and six months…
VLNWFValens Semiconductor Ltd.
Valens Semiconductor Ltd. filed its unaudited condensed consolidated financial statements for the three and six months ended June 30, 2026. The company reported revenues of $18.1 million for Q2 2026, up from $17.1 million in the prior year period, with a gross profit of $11.1 million. Net loss was $8.1 million for the quarter and $16.3 million for the six-month period. The company retired 3,302,194 treasury shares on January 22, 2026, following prior repurchases under two buyback programs totaling $25 million. Additionally, Valens settled a customer claim regarding damaged chips by paying a $250 thousand retention amount while an insurance company covered the remainder of the $1.73 million liability. The company operates in the semiconductor industry, specializing in high-speed connectivity PHY technologies for automotive and consumer electronics.