Valens Semiconductor Shares Slip on Downbeat Outlook

Dow Jones
Yesterday
 

By Connor Hart

 

Shares of Valens Semiconductor fell after the company's outlook for the current quarter underwhelmed investors.

The stock were down 10%, at $2.44, in premarket trading Wednesday. Through Tuesday's close, shares have nearly doubled since the beginning of the year.

The company before the bell projected second-quarter revenue of $17.2 million to $17.6 million, missing the $18.1 million that analysts polled by FactSet are expecting.

Valens additionally guided for gross margin to range between 60% and 62% and for its adjusted Ebitda--or earnings before interest, taxes, depreciation and amortization--loss to range between $4.9 million and $4.4 million.

The outlooks came as the company reported a loss of $8.29 million during the first quarter, slightly narrower than its year-ago loss of $8.31 billion. The quarterly loss came out to 8 cents a share, compared with analyst views for a loss of 6 cents a share.

Revenue ticked up 0.2% to $16.9 million, just ahead of Wall Street models for $16.5 million.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

May 13, 2026 08:59 ET (12:59 GMT)

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