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Valens Semiconductor reports Q3 EPS (4c), consensus (6c)

Reports Q3 revenue $17.34M, consensus $15.4M. “We are pleased to report a strong third quarter, well above our initial expectations, delivering revenues of $17.3 million,” said Gideon Ben-Zvi, CEO of Valens Semiconductor (VLN). “In the industrial machine vision market, we powered the market’s first end-to-end camera-to-processor MIPI A-PHY platform from D3 Embedded. In medical, we announced our first three product launches for the high-growth-potential endoscopy vertical. In automotive, our partner Sony Semiconductor Solutions brought to market a highly innovative A-PHY camera offering, and the standard received yet another strong endorsement from market leader Samsung.”

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