Valens Semiconductor achieved robust results in 1Q25, with revenues of $16.8M, surpassing both its prior guidance of $16.3-$16.6M and the previous quarter’s revenue of $16.7M. This marks a significant year-over-year growth from 1Q24 revenue of $11.6M. This performance reflects stabilization and initial recovery in market conditions, with the Company successfully navigating challenges that previously impacted industry-wide semiconductor demand and inventory corrections.