Valens Semiconductor Ltd. reported a positive start to 2025, with first quarter revenues of $16.828 million, surpassing the top end of its guidance range of $16.3 million to $16.6 million. This represents a significant increase from $11.559 million in Q1 2024.
The company achieved a GAAP gross margin of 62.9% and a non-GAAP gross margin of 66.7% for the quarter. Valens noted that the ProAV market is beginning to emerge from the bottom of its sales cycle, with increasing customer interest in its solutions.
In the automotive sector, interest in the MIPI A-PHY standard continued to build, following a partnership with Mobileye and successful interoperability testing with seven A-PHY silicon vendors. For the second quarter of 2025, Valens expects revenues to range between $16.5 million and $16.8 million.
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