Revenue Exceeds Guidance
Valens Semiconductor reported revenues of $16.8 million, surpassing the guidance range of $16.3 million to $16.6 million.
Strong Gross Margin Performance
GAAP gross margin for Q1 2025 was 62.9%, exceeding the guidance range of 60.8% to 61.3%.
Significant Automotive Milestones
Valens announced two major achievements in the automotive industry: a partnership with Mobileye for sensor connectivity and successful interoperability testing with seven vendors of A-PHY silicon.
Growth in Cross-Industry Business
The Cross-Industry Business unit accounted for $11.7 million in revenue, up from $7.2 million in Q1 2024, driven by increased interest in Pro AV and machine vision solutions.
Recognitions and Awards
Valens received the Best of Show Editor’s Choice Award at InfoComm China for its VS6320 chip, highlighting its technological superiority.