The substantial beat on earnings per share (EPS) expectations for Valens Semiconductor is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. However, the decline in revenue and historical context of a 9.0% drop in share price following last quarter's earnings beat introduce caution. The positive EPS surprise could outweigh concerns about revenue decline in the short term, but investors will also consider past performance and the overall trend in revenue.