Valens Semiconductor Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

November 08, 2024

Valens Semiconductor (NYSE:VLN) Third Quarter 2024 Results

Key Financial Results

Revenue: US$16.0m (up 13% from 3Q 2023).
Net loss: US$10.4m (loss narrowed by 17% from 3Q 2023).
US$0.098 loss per share (improved from US$0.12 loss in 3Q 2023).

earnings-and-revenue-growth — NYSE:VLN Earnings and Revenue Growth November 8th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Valens Semiconductor Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 5.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Valens Semiconductor that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.