Valens

Valens Semiconductor announced a collaboration with onsemi to develop a cost-optimized integrated sensor for high-volume 3-megapixel automotive camera applications, based on the MIPI A-PHY standard. Under the agreement, Valens will work with onsemi on the cost-optimized A-PHY offering that can be integrated into onsemi's image sensors, giving OEMs and Tier 1s a faster path to A-PHY. Valens CEO Yoram Salinger called the move a major milestone for the company, for MIPI A-PHY and for the automotive ecosystem as a whole, noting the integrated 3MP offering complements Valens' existing solutions and brings A-PHY to a much broader range of use cases. Ahmed Salem, Vice President and General Manager of the Intelligent Sensing Group at onsemi, said customer interest makes clear that MIPI A-PHY represents a significant business opportunity and that the collaboration helps enable a more streamlined camera architecture that reduces component count. The majority of automotive image sensors target the 1-3MP range, and as OEMs migrate toward higher resolutions, a 3MP offering addresses both a large established market and a growing upgrade opportunity. MIPI A-PHY is the first standard in the automotive industry for high-speed sensor connectivity, and Valens says it offers the first chipsets on the market to comply with the standard and the first to achieve design wins with multiple OEMs.

Valens Semiconductor reported second-quarter 2026 revenue of $18.1 million, exceeding its guidance range of $17.2 million to $17.6 million, and raised its full-year revenue outlook to between $78 million and $81 million from a prior range of $75 million to $77 million. GAAP gross margin came in at 61.5%, within guidance, while adjusted EBITDA loss was $4.2 million, better than the expected loss of $4.9 million to $4.4 million. The company also announced that Dean Martin will become Head of the Automotive business unit effective September 1, and that all four of its MIPI A-PHY design wins are progressing toward production with revenue expected to ramp in 2027. For the third quarter of 2026, Valens guided revenue of $21.3 million to $21.7 million, gross margin of 60% to 62%, and an adjusted EBITDA loss of $3.4 million to $2.8 million.

Valens Semiconductor reported a quarterly loss of $0.04 per share, matching the Zacks Consensus Estimate and unchanged from a year ago. Revenue for the quarter ended June 2026 reached $18.11 million, surpassing the consensus estimate by 4.05% and up from $17.06 million in the prior-year period. The company has topped consensus revenue estimates in each of the last four quarters. Shares have gained about 18.3% year-to-date, outperforming the S&P 500's 12.9% advance.

Valens Semiconductor shares surged 16.07% in premarket trading after the company raised its full-year 2026 revenue guidance to between $78.0 million and $81.0 million, above the analyst consensus of $75.6 million. The midpoint of $79.5 million represents approximately 13% growth over 2025. Second-quarter revenue reached $18.1 million, slightly below the $18.13 million consensus but up 6.1% year-over-year, while adjusted loss per share of $0.04 met expectations. The company also guided third-quarter revenue to $21.3 million to $21.7 million and an adjusted EBITDA loss of $3.4 million to $2.8 million, improving on the second quarter's $4.2 million loss. Valens ended the quarter with $83.4 million in cash and equivalents.