Operator

Thank you for standing by, and welcome to the Valens Semiconductor First Quarter 2026 Financial Results Conference Call.[Operator Instructions] I'd now like to turn the call over to Michal Ben Ari, Investor Relations. You may begin.

Michal Ben Ari
Investor Relations Manager

Thank you, and welcome, everyone, to Valens Semiconductor's First Quarter 2026 Earnings Call. With me today are Yoram Salinger, Chief Executive Officer; and Guy Nathanzon, Chief Financial Officer. Earlier today, we issued a press release that is available on the Investor Relations section of our website under investors.valens.com. As a reminder, today's earnings call may include forward-looking statements and projections, which do not guarantee future events or performance.

These statements are subject to the safe harbor language in today's press release. Please refer to our annual report on Form 20-F filed with the SEC on February 25, 2026, for a discussion of the factors that could cause actual results to differ materially from those expressed or implied. We do not undertake any duty to revise or update such statements to reflect new information, subsequent events or changes in strategy. We will be discussing certain non-GAAP measures on this call, which we believe are relevant in assessing the financial performance of the business, and you can find reconciliations of these metrics within our earnings release. With that, I will now turn the call over to Yoram.

Yoram Salinger
CEO & Director

Thank you, Michal. Hello, everyone, and thank