Valens Semiconductor Ltd. · NYSE:VLN
Valens Semiconductor — Q3 2026 Earnings Presentation
33 slides from Valens Semiconductor's earnings presentation, Nov 11, 2026
Slide 1: Valens Semiconductor (NYSE:VLN)
Valens Semiconductor (NYSE:VLN) November 11, 2026 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This press release 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," "
Slide 3: A Leading Provider of High-Performance Connectivity Chipsets
A Leading Provider of High-Performance Connectivity Chipsets High Speed High-bandwidth connectivity for a variety of applications, with no latency. Long Reach Unprecedented flexibility for system design over the simplest wiring infrastructure. Lowest Error Rate Reliable, error-free connectivity for
Slide 4: 2 Core Businesses 1 Core Technology
2 Core Businesses 1 Core Technology Audio-Video Automotive Samsung Logitech Epson Mercedes-Benz 4 A-PHY Design “The Wall” Digital Signage Rally PLUS BrightLink Interactive Ultra On the road since 2020, Wins Ultra-HD System Short-Throw Projector now across all models SoP 2027 Core Enabler Crestron Si
Slide 5: Valens' Digital Connectivity
Valens’ Digital Connectivity The Valens Edge: A DSP-Based Approach to Error Handling Backed by 134 Patents Benefits to OEMs Highly Reliable Data Scalable Simple, Flexible Standards- Transmission Bandwidth Long-Distance Wiring Architectures Based Valens delivers the most optimized connectivity soluti
Slide 6: Q3 Business Highlights
|_| Q3 Business Highlights
Slide 7: Audio-Video: New Products hit the market
Audio-Video: New Products hit the market RTK-L3 USB 3.2 Companion SW21AB-V3 Atlona Omega 2 Series Table Extension Kit 2-Way 4K HDMI 2.0 Switch Presentation and Collaboration Products Valens chip Valens chip Valens chip 7
Slide 8: Customer testimonial: Jabra Reach
Valens chip “Walking into a room and connecting your own laptop should be the simplest thing in the world, but too often it isn’t. You have the wrong cable, the wrong connector, a dropped signal or a table full of adapters. Jabra Reach solves that at the infrastructure level. Users get one cable to
Slide 9: Automotive: Valens-onsemi Strategic Partnership Brings A-PHY to the Mainstream
Automotive: Valens-onsemi Strategic Partnership Brings A-PHY to the Mainstream The level of interest we’re seeing from OEM customers and partners makes clear that MIPI A-PHY represents a significant business opportunity. As automotive imaging systems continue to grow in scale and sophistication, cus
Slide 10: Valens' Growth Plan
Valens’ Growth Expanding from Plan premium-only to mainstream 10
Slide 11: Audio-Video
Audio-Video 11
Slide 12: Two Layers of Accelerated Growth
Two Layers of Accelerated Growth Embedding our Chipset Selling System-Level in New Product Products Categories 12
Slide 13: Growth Layer 1: Embedding our Chipset in New Product Categories
Audio-Video Growth Layer 1: Embedding our Chipset in New Product Categories 13
Slide 14: VS6310: Purpose-Built for Embedded Connectivity
VS6310: Purpose-Built for Embedded Connectivity Lower Lower Lower Bandwidth Distance Power Optimized for Embedded Applications: Increases stickiness | Expands market | Strengthens the Valens ecosystem 14
Slide 15: A Roadmap to Embedded Connectivity Across the Room
A Roadmap to Embedded Connectivity Across the Room Room Touch Video e/PTZ PC Controller Bar Camera 600K 470K 1,160K 200K units sold in 2026 units sold in 2026 units sold in 2026 units sold in 2026 Growing to Growing to Growing to Growing to 960K by 2030 600K by 2030 1,580K by 2030 230K by 2030 With
Slide 16: Growth Layer 2: Selling System-Level Products
Audio-Video Growth Layer 2: Selling System-Level Products 16
Slide 17: Moving Up the Value Chain
Moving Up the Value Chain Chipsets OEM (Product) Distributor End Customer Chipsets End Customer Chipsets 17
Slide 18: Acroname: Bringing Product Manufacturing Expertise to Our Unique Technology
Acroname: Bringing Product Manufacturing Expertise to Our Unique Technology Product So f t w a r e Chips ‘Brainstem’ Link monitoring technology Product Performance manufacturing analytics expertise 18
Slide 19: Building a Comprehensive Product Portfolio
Building a Comprehensive Product Portfolio Planned Portfolio Dongles | Box Extenders | Active Cables | Mini Extenders | Adaptors Complementing our Customer Products Across Various Installations 19
Slide 20: Early Successes
Early Embedding our Chipset in New Selling System-Level Products Product Categories Successes USB & Power Extender USB3 4K video Collab Compute Partner USB3 & 4K Extender 20
Slide 21: Automotive
Automotive 21
Slide 22: Breaking Beyond the Premium Camera Segment
Breaking Beyond the Premium Camera Segment 4-5 MP 6-8 MP Other 1-3 MP Slow adoption of Premium No prominent advanced tech 2nd source | Confidential 22
Slide 23: Valens-onsemi Joint A-PHY Offering
Valens-onsemi Joint A-PHY Offering Integrated Sensor Strategic Partnership Traditional Camera ▪ Joint product development Architecture 2-Chip Camera ▪ Manufactured at onsemi-owned fab □ Real A-PHY 2nd source □ Reduced supply chain risk □ Improved control of cost structure Sensor Serializer ▪ Joint G
Slide 24: End-to-End A-PHY Offering Targeting Broad In-Car Applications
End-to-End A-PHY Offering Targeting Broad In-Car Applications Valens End to End Integrated Sensor | Valens Deserializer Applications 8MP Front ADAS Sensor Sensor Integrated Sensor | Valens Deserializer Applications Surround View DMS/OMS 3MP Side ADAS Sensor E-Mirrors Rear ADAS | Confidential 24
Slide 25: Expanding Valens Automotive Opportunity to Mainstream Sensor Market
Expanding Valens Automotive Opportunity to Mainstream Sensor Market 300 280M 259M 250 Image Sensor Units 200 150 100 50 35M 38M 41M 0 2026 2027 2028 2029 2030 Premium applications Mainstream applications Source: Valens analysis; 2026 total automotive image sensor units based on Yole Group, Automotiv
Slide 26: Financial Outlook
Financial Outlook 26
Slide 27: Revenues ($M)
Revenues ($M) $70.6 $21.9 $19.4 $18.1 $17.1 $17.3 $7.9 $16.8 $16.9 $5.5 $5.0 $4.3 $4.1 $5.1 $5.9 Cross-Industry Business2 Automotive $13.9 $14.0 $12.8 $13.2 $13.1 $11.7 $11.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1 2025 2026 1 Exceeding the guidance range of $21.3M- $21.7M. | Confidential 2 Cross-Industry Business r
Slide 28: Gross Margin
Gross Margin 53.9% GAAP Gross Margin % Q3-2026 66.8% Automotive 62.2% Audio-Video (CIB) Company 41.5% Q2-2026 69.2% 61.5% 43.2% Q3-2025 69.1% 63.0% | Confidential 28
Slide 29: Operating Expenses (US$ Millions)
Operating Expenses (US$ Millions) 25 $20.9 $20.0 $19.4 $19.9 20 $18.2 $19.1 $19.0 15 10 5 0 Q1-2025 Q2-2025 Q3-2025 Q4-2025 Q1-2026 Q2-2026 Q3-2026 SG&A R&D | Confidential 29
Slide 30: Adjusted EBITDA (US$ Millions)
Adjusted EBITDA (US$ Millions) (2.7) (4.0) (4.2) (4.3) (4.3) (4.3) (5.5) (0.05) (0.07) (0.07) (0.08) (0.08) (0.09) (0.08) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Adj. EBITDA Loss Per Share | Confidential 30
Slide 31: Balance Sheet (US$ Millions)
Balance Sheet (US$ Millions) Cash Balance1 Inventory Level 14 100 13.1 92.6 12.5 90 86.1 12 83.4 10.9 80 74.7 10.1 10 70 60 8 Millions Millions 50 6 40 30 4 20 2 10 - - 1 Cash Balance is defined as cash, cash equivalents and short-term deposits, excluding restricted short-term | Confidential deposit
Slide 32: 2026 Guidance
2026 Guidance Full-Year 2026 Revenue: $78M – $81M Adjusted EBITDA loss: ($14.9M) – ($12.9M) “We are reaffirming our previously announced guidance for the full year 2026 to be between $78 million to $81 million toward the upper end of the range. We expect full year 2026 Adjusted EBITDA to be in the r
Slide 33: Thank You
THANK YOU investors@valens.com 33