Slide 1: Valens Semiconductor (NYSE:VLN)
Valens Semiconductor (NYSE:VLN) August 2026 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "p
Slide 3: A leading provider of high-performance connectivity chipsets
High Bandwidth High-speed connectivity for a variety of applications, with no latency. A leading provider of high-performance Long Reach connectivity chipsets Unprecedented flexibility for system Design over the simplest wiring infrastructure. Lowest Error Rate Reliable, error-free connectivity for
Slide 4: The Pain Points of Wired Connectivity
The Pain Points of Wired Connectivity Too many cables Distance limitations Video resolution At our homes, offices, Extended reach Handling high-throughput, plants & vehicles compromises signal time-sensitive content integrity transmission Rough environments High costs Installation complexity EMC, EM
Slide 5: Select Customers & Products Empowered by Valens
Select Customers & Products Empowered by Valens Digital Video Industrial Entertainment Education Medical Automotive Signage Conferencing Machine Vision 4 A-PHY Design Wins 5
Slide 6: Sticking to our CORE
Sticking to our CORE The Valens Edge: A DSP-Based Approach to Error Handling Backed by 134 Patents Valens delivers the most optimized connectivity solutions for long-reach, high-resolution video. We provide superior performance wherever others can’t. 6
Slide 7: The Valens Difference: Best-in-class EMC Performance
The Valens Difference: Best-in-class EMC Performance Legacy connectivity solutions are Valens’ unique approach to noise handling RESTRICTED by noise, forcing OEMs to: LIBERATES Customers, offering them: ▪ Reduce bandwidth ▪ Scalable Bandwidth ▪ Deploy expensive wiring ▪ Simple Wiring ▪ Shorten cable
Slide 8: Spotlight on Audio-Video Success
Spotlight on Audio-Video Success Valens Created the Leading Industry Standard and Largest Interoperable Ecosystem Founding Members ▪ Inventor of HDBaseT technology – an audio-video industry standard ▪ Co-Founder of the HDBaseT Alliance, with Samsung, LG and Sony Pictures. Over 200 members developing
Slide 9: Audio-Video: Strong Growth Opportunities
Opportunity Spotlight Audio-Video: Strong Growth Opportunities Hybrid work/education leading to Select products based on the VS6320 chipset, all released to market in 2025 4K growing demand for 4K/8K video, higher frame rates, and uncompressed content Advancements in AI-based video conferencing tech
Slide 10: Spotlight on Automotive Success
Spotlight on Automotive Success Enabling State-of-the-Art Infotainment Systems In Mercedes-Benz Vehicles ▪ On the road with Mercedes since 2020 ▪ The only multi-gig connectivity over unshielded cabling (UTP) 4 Design Wins with Leading OEMs ▪ Valens is the first A-PHY silicon provider with multiple d
Slide 11: Technological Superiority
Technological Superiority Data Rate Sensor Automotive OEMs have called for a Integration global standard for next-generation sensor connectivity. That standard is MIPI A-PHY. Noise Product Immunity/ Maturity EMC ▪ Best-in-class EMC performance ▪ Clear roadmap to ultra-high bandwidth Security Ecosyst
Slide 12: Automotive: The Foundation for Next-Gen ADAS & Autonomous Systems
Growth Automotive: The Foundation for Next-Gen Engine ADAS & Autonomous Systems Total Addressable Market (TAM)1 Market Drivers $5,000 ▪ Race towards higher levels of ADAS and Software-Defined $4,500 Vehicles, leading to: $4,000 ▪ Increasing number of high-resolution sensors $3,500 ▪ Complex, central
Slide 13: Financial Outlook
Financial Outlook 13
Slide 14: Revenues
Revenues Annual $24.2 Quarterly $23.9 $100 $21.9 $90.7 $90 $21.5 $84.2 $7.5 $8.7 $19.4 $16.2 $79.5 $6.1 $80 $18.1 $17.3 $16.7 $16.8 $17.1 $16.9 $70.7 $70.6 $16.0 $5.5 $70 $26.8 $7.9 $4.1 $5.0 $4.3 $60.0 $14.2 $5.0 $5.1 $60 $56.9 $57.9 $19.0 $13.6 $5.9 $1.0 Millions Millions $6.6 $2.1 $4.5 $11.6 $50
Slide 15: Key Financial Data
Key Financial Data (US$ Millions) Annual Q1-2025 Q2-2025 Q3-2025 Q4-2025 Q1-2026 Q2-2026 2025 Company $16.8 $17.1 $17.3 $19.4 $70.6 $16.9 $18.1 Cross-Industry Revenue $11.7 $12.8 $13.2 $13.9 $51.6 $11.0 $13.1 Business Automotive $5.1 $4.3 $4.1 $5.5 $19.0 $5.9 $5.0 Company 62.9% 63.5% 63.0% 60.5% 62.
Slide 16: Cash Balance, Inventory Level, Working Capital
Cash Balance1,3 Inventory Level Working Capital2 160 142.0 140 131.0 16 180.0 120 13.8 160.0 158.8 14 12.5 100 140.0 133.6 92.6 12 10.9 86.1 83.4 10.2 10.1 120.0 80 10 95.7 91.3 Millions 100.0 Millions 88.9 Millions 8 60 80.0 6 40 60.0 4 40.0 20 2 20.0 - - - 1 Cash Balance is defined as cash, cash e
Slide 17: investors@valens.com
investors@valens.com 17
Slide 18: Appendix - GAAP to Non-GAAP Reconciliation
Appendix - GAAP to Non-GAAP Reconciliation ($ Thousands) Q2/26 Q1/26 Q4/25 Q3/25 Q2/25 Q1/25 Revenues 18,105 16,859 19,403 17,335 17,059 16,828 COGS 6,966 6,372 7,657 6,413 6,224 6,246 GAAP gross profit 11,139 10,487 11,746 10,922 10,835 10,582 GAAP gross margin 61.5% 62.2% 60.5% 63.0% 63.5% 62.9% D
Slide 19: Appendix - Company's Profit And Loss
Appendix - Company’s Profit And Loss Q2 Q1 Year ended December 31 2026 2026 2025 2024 2023 2022 REVENUES 18,105 16,859 70,625 57,859 84,161 90,715 COST OF REVENUES (6,966) (6,372) (26,540) (23,582) (31,569) (27,325) GROSS PROFIT 11,139 10,487 44,085 34,277 52,592 63,390 OPERATING EXPENSES: Research
Slide 20: Appendix - Company's Consolidated Balance Sheet
Appendix - Company’s Consolidated Balance Sheet (U.S. dollars in thousands, except for number of shares and par value) June 30, 2026 March 31, 2026 CURRENT ASSETS: Cash and cash equivalents 42,557 28,970 Short-term deposits 40,874 57,147 Restricted short-term deposit 1,120 1,144 Trade accounts recei
Slide 21: Appendix - Company's Consolidated Balance Sheet
Appendix - Company’s Consolidated Balance Sheet (U.S. dollars in thousands, except for number of shares and par value) Liabilities and Shareholders’ Equity June 30, 2026 March 31, 2026 CURRENT LIABILITIES: Trade accounts payable 5,608 4,447 Accrued compensation 5,548 7,767 Current maturities of oper