Valens Semiconductor: Q1 Earnings Insights

Valens Semiconductor VLN reported its Q1 earnings results on Wednesday, May 10, 2023 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

Valens Semiconductor beat estimated earnings by 57.14%, reporting an EPS of $-0.03 versus an estimate of $-0.07.

Revenue was up $2.26 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 2.01% increase in the share price the next day.

Here's a look at Valens Semiconductor's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.11 -0.08 -0.10 -0.10
EPS Actual -0.03 -0.02 -0.08 -0.02
Revenue Estimate 23.15M 22.65M 21.69M 20.75M
Revenue Actual 23.47M 23.14M 22.48M 21.62M

To track all earnings releases for Valens Semiconductor visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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