Latest news with #Ambarella
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31-05-2025
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Ambarella, Inc. Announces First Quarter Fiscal Year 2026 Financial Results
SANTA CLARA, Calif., May 29, 2025 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced first quarter fiscal 2026 financial results for the period ended April 30, 2025. Revenue for the first quarter of fiscal 2026 was $85.9 million, up 57.6% from $54.5 million in the same period in fiscal 2025. Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2026 was 60.0%, compared with 60.9% for the same period in fiscal 2025. GAAP net loss for the first quarter of fiscal 2026 was $24.3 million, or loss per diluted ordinary share of $0.58, compared with a GAAP net loss of $37.9 million, or loss per diluted ordinary share of $0.93, for the same period in fiscal 2025. Financial results on a non-GAAP basis for the first quarter of fiscal 2026 are as follows: Gross margin on a non-GAAP basis for the first quarter of fiscal 2026 was 62.0%, compared with 63.4% for the same period in fiscal 2025. Non-GAAP net profit for the first quarter of fiscal 2026 was $3.0 million, or earnings per diluted ordinary share of $0.07. This compares with non-GAAP net loss of $10.5 million, or loss per diluted ordinary share of $0.26, for the same period in fiscal 2025. Based on information available as of today, Ambarella is offering the following guidance for the second quarter of fiscal year 2026, ending July 31, 2025: Revenue is expected to be between $86.0 million and $94.0 million. Gross margin on a non-GAAP basis is expected to be between 60.5% and 62.0%. Non-GAAP operating expenses are expected to be between $52.5 million and $55.5 million. Ambarella reports gross margin, net income (loss) and earnings (losses) per share in accordance with GAAP and, additionally, on a non-GAAP basis. Non-GAAP financial information excludes the impact of stock-based compensation and acquisition-related costs adjusted for the associated tax impact, which includes the effect of any benefits or shortfalls recognized. A reconciliation of the GAAP to non-GAAP gross margin, net income (loss) and earnings (losses) per share for the periods presented, as well as a description of the items excluded from the non-GAAP calculations, is included in the financial statements portion of this press release. Total cash, cash equivalents and marketable debt securities on hand at the end of the first quarter of fiscal 2026 was $259.4 million, compared with $250.3 million at the end of the prior quarter and $203.3 million at the end of the same quarter a year ago. 'As the established edge AI market leader, we achieved our fourth consecutive quarter of record AI revenue with results in the upper half of our Q1 revenue guidance range. We are increasing our fiscal 2026 revenue growth guidance to a range of 19% to 25%, or approximately $348 million at the mid-point, with the broader guidance range reflecting our consideration of the uncertain geopolitical environment,' said Fermi Wang, President & CEO. 'We continue to innovate at a rapid pace, and by leveraging our low power and scalable 3rd generation AI silicon and software architecture, our development of a new SoC is efficiently extending our reach into the edge AI infrastructure market.' Stock Repurchase During the second quarter of fiscal year 2026, Ambarella's Board of Directors approved an extension of the current share repurchase program for an additional twelve months ending June 30, 2026. In the first quarter of fiscal year 2026, the company repurchased a total of 24,152 shares for total consideration of approximately $1.0 million. As of today, there is approximately $48.0 million available for repurchase under the company's stock repurchase program. The repurchase program does not obligate the company to acquire any particular amount of ordinary shares, and it may be suspended at any time at the company's discretion. Quarterly Conference Call Ambarella plans to hold a conference call at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time today with Fermi Wang, President and Chief Executive Officer, and John Young, Chief Financial Officer, to discuss the first quarter of fiscal year 2026 results. A live and archived webcast of the call will be available on Ambarella's website at for up to 30 days after the call. About Ambarella Ambarella's products are used in a wide variety of edge AI and human vision applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver/cabin monitoring, autonomous driving and robotics applications. Ambarella's low-power systems-on-chip (SoCs) provide powerful deep neural network processing to enable intelligent perception, fusion and planning, and offer high-resolution video compression, advanced image and radar processing. For more information, please visit "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements that are not historical facts and often can be identified by terms such as 'outlook,' 'projected,' 'intends,' 'will,' 'estimates,' 'anticipates,' 'expects,' 'believes,' 'could,' 'should,' or similar expressions, including the guidance for the second quarter of fiscal year 2026 ending July 31, 2025, and the comments of our CEO relating to our expectation of future revenue growth, the growth potential for our edge AI inference products, our ability to continue to innovate, and our ability to expand into edge infrastructure. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. Our actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of our future performance. The risks and uncertainties referred to above include, but are not limited to, global economic and political conditions; changes in government policies, including possible trade tariffs and restrictions; revenue being generated from new customers or design wins, neither of which is assured; the commercial success of our customers' products; our customers' ability to manage their inventory requirements; our growth strategy; our ability to anticipate future market demands and future needs of our customers, particularly for AI inference applications; our ability to introduce, and to generate revenue from, new and enhanced solutions; our ability to develop, and to generate revenue from, new advanced technologies, such as computer vision, AI functionality and advanced networks, including vision-language models and GenAI; our ability to retain and expand customer relationships and to achieve design wins; the expansion of our current markets and our ability to successfully enter new markets and applications, such as edge infrastructure; anticipated trends and challenges, including competition, in the markets in which we operate; risks associated with global health conditions and associated risk mitigation measures; our ability to effectively manage growth; our ability to retain key employees; and the potential for intellectual property disputes or other litigation. Further information on these and other factors that could affect our financial results is included in the company's Annual Report on Form 10-K for our 2025 fiscal year, which is on file with the Securities and Exchange Commission. Additional information will also set forth in the company's quarterly reports on Form 10-Q, annual reports on Form 10-K and other filings the company makes with the Securities and Exchange Commission from time to time, copies of which may be obtained by visiting the Investor Relations portion of our web site at or the SEC's web site at Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. The results we report in our Quarterly Report on Form 10-Q for the first fiscal quarter ended April 30, 2025 could differ from the preliminary results announced in this press release. Ambarella assumes no obligation and does not intend to update the forward-looking statements made in this press release, except as required by law. Non-GAAP Financial Measures The company has provided in this release non-GAAP financial information, including non-GAAP gross margin, net income (loss), and earnings (losses) per share, as a supplement to the condensed consolidated financial statements, which are prepared in accordance with generally accepted accounting principles ("GAAP"). Management uses these non-GAAP financial measures internally in analyzing the company's financial results to assess operational performance and liquidity. The company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning, forecasting and analyzing future periods. Further, the company believes these non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key financial metrics that the company uses in making operating decisions and because the company believes that investors and analysts use them to help assess the health of its business and for comparison to other companies. Non-GAAP results are presented for supplemental informational purposes only for understanding the company's operating results. The non-GAAP information should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from non-GAAP measures used by other companies. With respect to its financial results for the first quarter of fiscal year 2026, the company has provided below reconciliations of its non-GAAP financial measures to its most directly comparable GAAP financial measures. With respect to the company's expectations for the second quarter of fiscal year 2026, a reconciliation of non-GAAP gross margin and non-GAAP operating expenses guidance to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability and low visibility with respect to the charges excluded from these non-GAAP measures. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results. AMBARELLA, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share and per share data) (unaudited) Three Months Ended April 30, 2025 2024 Revenue $ 85,872 $ 54,473 Cost of revenue 34,336 21,313 Gross profit 51,536 33,160 Operating expenses: Research and development 58,819 54,137 Selling, general and administrative 18,575 18,468 Total operating expenses 77,394 72,605 Loss from operations (25,858 ) (39,445 ) Other income, net 2,175 2,271 Loss before income taxes (23,683 ) (37,174 ) Provision for income taxes 645 758 Net loss $ (24,328 ) $ (37,932 ) Net loss per share attributable to ordinary shareholders: Basic $ (0.58 ) $ (0.93 ) Diluted $ (0.58 ) $ (0.93 ) Weighted-average shares used to compute net loss per share attributable to ordinary shareholders: Basic 42,219,972 40,774,991 Diluted 42,219,972 40,774,991 The following tables present details of stock-based compensation and acquisition-related costs included in each functional line item in the condensed consolidated statements of operations above: Three Months Ended April 30, 2025 2024 (unaudited, in thousands) Stock-based compensation: Cost of revenue $ 951 $ 607 Research and development 17,585 17,621 Selling, general and administrative 7,594 7,808 Total stock-based compensation $ 26,130 $ 26,036 Three Months Ended April 30, 2025 2024 (unaudited, in thousands) Acquisition-related costs: Cost of revenue $ 757 $ 757 Research and development — — Selling, general and administrative 456 520 Total acquisition-related costs $ 1,213 $ 1,277 The difference between GAAP and non-GAAP gross margin was 2.0% and 2.5%, or $1.7 million and $1.4 million, for the three months ended April 30, 2025 and 2024, respectively. The differences were due to the effect of stock-based compensation and amortization of acquisition-related costs. AMBARELLA, INC. RECONCILIATION OF GAAP TO NON-GAAP DILUTED EARNINGS (LOSSES) PER SHARE (in thousands, except share and per share data) Three Months Ended April 30, 2025 2024 (unaudited) GAAP net loss $ (24,328 ) $ (37,932 ) Non-GAAP adjustments: Stock-based compensation expense 26,130 26,036 Acquisition-related costs 1,213 1,277 Income tax effect 14 152 Non-GAAP net income (loss) $ 3,029 $ (10,467 ) GAAP - diluted weighted average shares 42,219,972 40,774,991 Non-GAAP - diluted weighted average shares 42,451,235 40,774,991 GAAP - diluted net loss per share $ (0.58 ) $ (0.93 ) Non-GAAP adjustments: Stock-based compensation expense 0.62 0.64 Acquisition-related costs 0.03 0.03 Income tax effect — — Effect of Non-GAAP - diluted weighted average shares — — Non-GAAP - diluted net income (loss) per share $ 0.07 $ (0.26 ) AMBARELLA, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited, in thousands) April 30, January 31, 2025 2025 ASSETS Current assets: Cash and cash equivalents $ 141,285 $ 144,622 Marketable debt securities 118,102 105,643 Accounts receivable, net 30,235 29,767 Inventories 39,289 34,428 Restricted cash 441 7 Prepaid expenses and other current assets 6,197 6,084 Total current assets 335,549 320,551 Property and equipment, net 10,248 9,084 Intangible assets, net 44,895 47,279 Operating lease right-of-use assets, net 4,377 5,188 Goodwill 303,625 303,625 Other non-current assets 3,224 3,241 Total assets $ 701,918 $ 688,968 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable 35,290 21,775 Accrued and other current liabilities 73,479 80,781 Operating lease liabilities, current 2,335 2,829 Income taxes payable 1,633 1,383 Deferred revenue, current 12,114 14,226 Total current liabilities 124,851 120,994 Operating lease liabilities, non-current 2,056 2,436 Other long-term liabilities 2,295 4,126 Total liabilities 129,202 127,556 Shareholders' equity: Preference shares — — Ordinary shares 19 19 Additional paid-in capital 848,756 813,683 Accumulated other comprehensive income (loss) 326 (233 ) Accumulated deficit (276,385 ) (252,057 ) Total shareholders' equity 572,716 561,412 Total liabilities and shareholders' equity $ 701,918 $ 688,968 Contact: Louis Gerhardy408.636.2310lgerhardy@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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31-05-2025
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Ambarella First Quarter 2026 Earnings: Beats Expectations
Revenue: US$85.9m (up 58% from 1Q 2025). Net loss: US$24.3m (loss narrowed by 36% from 1Q 2025). US$0.58 loss per share (improved from US$0.93 loss in 1Q 2025). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US. Performance of the American Semiconductor industry. The company's shares are down 15% from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Ambarella, and understanding them should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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31-05-2025
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Ambarella Inc (AMBA) Q1 2026 Earnings Call Highlights: Record AI Revenue and Strategic Growth ...
Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ambarella Inc (NASDAQ:AMBA) reported first-quarter revenue of $85.9 million, exceeding the midpoint of their guidance range. AI revenue accounted for more than 75% of Q1 revenue, marking the fourth consecutive quarter of record AI revenue. The company increased its fiscal 2026 revenue growth estimate to a range of 19% to 25%, reflecting strong market demand. Ambarella Inc (NASDAQ:AMBA) is expanding its market reach with new edge infrastructure products, leveraging their third-generation AI accelerator. The company has a strong cash position with $259.4 million in cash and marketable securities, up $56 million from the previous year. Geopolitical uncertainties remain a concern, potentially impacting future revenue and growth projections. Gross margin is expected to decline in the next quarter due to changes in customer and product mix. There is uncertainty regarding the seasonality of revenue due to geopolitical factors, which could affect the second half of the fiscal year. The company faces competition in the low-end market from Chinese and Taiwanese suppliers, which could impact market share. Ambarella Inc (NASDAQ:AMBA) is cautious about potential indirect impacts from tariffs, which could affect financial performance. Warning! GuruFocus has detected 3 Warning Signs with AMBA. Q: Can you clarify the growth profile for the year, especially regarding the first and second halves? A: Dr. Fermi Wong, President and CEO: We are confident about our second-half growth and have extended our guidance range to reflect regular seasonality and strong growth. The geopolitical situation adds uncertainty, but we maintain high confidence in our second-half performance. Q: Could you explain what you mean by "edge infrastructure" and how it fits into your product strategy? A: Dr. Fermi Wong, President and CEO: Edge infrastructure refers to integrating multiple endpoints using a server or AI box to run advanced AI models. This approach allows for upgrading existing installations without replacing all endpoints, which is becoming a trend. Q: How is the non-camera IoT business performing, and will you consider breaking it out separately in your financials? A: Louis Gerhary, Vice President, Corporate Development: Most of our revenue still comes from data ingested through cameras, but we are seeing growth in other IoT markets. Security is less than half of our revenue now, and we are leveraging our expertise into additional vertical applications. Q: With the strong product cycle, could there be a change in your seasonality, especially as human interface devices become less relevant? A: Dr. Fermi Wong, President and CEO: Geopolitical uncertainties make seasonality a question mark, but we are not ruling out regular seasonality. We have provided a broader range for annual guidance to account for these uncertainties. Q: How do you view the competitive landscape for edge infrastructure compared to traditional processors like FPGAs and GPUs? A: Louis Gerhary, Vice President, Corporate Development: We approach this market with a more efficient solution in terms of performance per watt and thermal impacts. Our advantages in other markets will apply to the edge market, particularly in near-edge applications using cameras. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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31-05-2025
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Ambarella First Quarter 2026 Earnings: Beats Expectations
Revenue: US$85.9m (up 58% from 1Q 2025). Net loss: US$24.3m (loss narrowed by 36% from 1Q 2025). US$0.58 loss per share (improved from US$0.93 loss in 1Q 2025). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US. Performance of the American Semiconductor industry. The company's shares are down 15% from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Ambarella, and understanding them should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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31-05-2025
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Ambarella price target raised to $75 from $70 at Northland
Northland analyst Gus Richard raised the firm's price target on Ambarella (AMBA) to $75 from $70 and keeps an Outperform rating on the shares. Ambarella reported 'a strong quarter,' guided to Q2 results 'well above consensus,' and expects FY26 revenue to grow 19%-25%, up from prior expectations of mid to high-teens, the analyst tells investors. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on AMBA: Disclaimer & DisclosureReport an Issue Ambarella price target lowered to $65 from $85 at Roth Capital Ambarella's Promising Edge AI Expansion Drives Buy Rating Ambarella price target raised to $63 from $50 at BofA Ambarella's Promising Outlook: Strategic Expansion and Diversified Revenue Streams Drive Buy Rating Ambarella's Strong AI Prospects Offset by Competitive and Operational Challenges: Hold Rating Maintained Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
