Valens Semiconductor reports Q4 EPS 6c, consensus (1c)

Reports Q4 revenue $21.94M, consensus $21.78M. “Valens Semiconductor demonstrated both its resilience and innovation in 2023. Against a backdrop of increasing headwinds in the global semiconductor industry, we continued to expand our engagements and partnerships and to enhance our lineup of high-performance connectivity solutions with a focus on addressing unmet needs and emerging trends,” said Gideon Ben-Zvi, CEO of Valens Semiconductor. “Revenues were at the top end of our guidance for both the fourth quarter and the full year, reaching $21.9 million and $84.2 million, respectively. Notably, automotive revenues delivered a record high, contributing over 30% to total revenues.”