Core Insights - The demand for edge AI processors is significantly boosting Ambarella's growth, positioning it as a strong competitor in the semiconductor industry [1][6] - Ambarella's revenue growth and profitability are driven by its focus on edge AI applications, which are expected to dominate its revenue stream [7][8] Financial Performance - Ambarella's revenue for the second quarter of fiscal 2026 increased by 50% year over year, reaching $95.5 million, with a non-GAAP profit of $0.15 per share compared to a loss of $0.13 per share in the previous year [7] - The company has raised its full-year revenue growth forecast from 22% to 33%, now expecting total revenue of $379 million for fiscal 2026 [9] Market Position and Growth Potential - Edge AI processors are projected to account for 80% of Ambarella's overall revenue this year, reflecting strong demand across various applications [8] - The serviceable addressable market for edge AI chips is expected to grow at an annual rate of 18% over the next five years, potentially reaching $12.9 billion [11] - The edge AI processor market's revenue could increase by 20 times over the next decade, driven by advancements in processing capabilities [12] Valuation and Investment Outlook - Ambarella's stock price surged nearly 17% following the release of its quarterly results, yet it trades at just under 10 times sales, which is competitive compared to the U.S. technology sector's average price-to-sales ratio of 8.5 [13] - The company's ability to capture a larger share of the edge AI market presents a significant investment opportunity, suggesting that its growth trajectory may continue to exceed market expectations [15]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ______ Commission file number: 001-35667 AMBARELLA, INC. (Exact name of registrant as specified in its charter) Cayman Islands 98-0459628 (State or other ju ...

Core Insights - The back-to-school and college shopping season in the U.S. is experiencing a significant increase in early shopping, with 67% of shoppers starting their purchases by early July, up from 55% last year, marking the highest level since 2018 [1][2] Spending Trends - K-12 shoppers have an average budget of $295.81 for electronics, totaling $13.5 billion, $249.36 for clothing and accessories ($11.4 billion), $143.77 for school supplies ($6.6 billion), and $169.13 for shoes ($7.8 billion [3] - College students and parents are expected to spend an average of $309.50 on electronics ($20.7 billion), $191.39 on dorm furnishings ($12.28 billion), $166.07 on clothing and accessories ($11.1 billion), $140.24 on food ($9.4 billion), and $117.95 on shoes ($7.9 billion) [4] Company Insights - Costco Wholesale (COST) operates membership warehouses selling food and general merchandise at discounted prices, holding a Zacks Rank of 3 (Hold) and a VGM Score of B [5] - Lowe's Companies (LOW) is a leading home improvement retailer with a Zacks Rank of 3 and an upbeat VGM Score of A, offering essentials for back-to-campus needs [6] - Ambarella (AMBA) develops semiconductors for video compression and image processing, holding a Zacks Rank of 3 [7] - Amazon.com (AMZN) is a major e-commerce provider with a Zacks Rank of 3 [8] ETF Insights - ProShares Online Retail ETF (ONLN) tracks online retailers and charges 58 bps in fees with a yield of 0.65% annually [9] - VanEck Retail ETF (RTH) tracks the performance of various retail companies and charges 35 bps in fees with a yield of 0.70% annually [10][11] - Invesco Food & Beverage ETF (PBJ) focuses on U.S. food and beverage companies, charging 62 bps in fees with a yield of 1.68% annually [12] - VanEck Semiconductor ETF (SMH) tracks semiconductor companies and charges 35 bps in fees with a yield of 0.37% annually [13]

Group 1: Hong Kong Stocks Performance - BYD Electronics (00285) rose over 7%, reporting a nearly 14% year-on-year increase in net profit for the first half of 2025, with positive progress in AI data center business [1] - Beihai Kangcheng-B (01228) surged over 11%, achieving profitability in the first half of the year and recently forming a strategic partnership with Baiyang Pharmaceutical [1] - MicroPort Medical (00853) increased over 11%, with a reported loss of $46.602 million for the first half of 2025, a 51.9% reduction in loss year-on-year [1] - Bank of China Hong Kong (02388) rose over 6%, reporting a net profit of HKD 22.12 billion for the first half of 2025, with an increase in net trading income year-on-year [1] - UBTECH (09880) increased over 4%, announcing a strategic partnership agreement worth $1 billion with international investment firm Infini Capital [1] - Gold stocks performed well, with China Silver Group (00815) up over 8%, Zhaojin Mining (01818) up over 7%, Shandong Gold (01787) up over 6%, Chifeng Jilong Gold (06693) up over 6%, and Zijin Mining (02899) up over 6%, driven by rising gold prices due to increased interest rate cut expectations [1] Group 2: Chinese Companies' Financial Results - China Communications Construction (01800) fell over 5%, reporting a 16.9% year-on-year decrease in net profit for the first half of 2025 and not declaring an interim dividend [2] - Evergrande Property (06666) declined over 3%, with a 5.6% year-on-year drop in net profit for the first half of the year, with management expressing pessimism about economic benefits from Evergrande Group [2] - Zoomlion Heavy Industry (01157) rose over 2%, reporting a more than 20% year-on-year increase in net profit for the first half of 2025, with institutions optimistic about export growth in the second half [2] - Midea Group (00300) increased over 2%, reporting a 25.04% year-on-year increase in net profit for the first half of 2025 and proposing an interim dividend of HKD 5 per 10 shares [2] Group 3: US Stocks Performance - Autodesk (ADSK.US) rose 9.09%, reporting a 17% year-on-year revenue increase for the second fiscal quarter and raising its full-year revenue and adjusted EPS guidance [3] - Gap (GAP.US) increased 1.52%, with revenue slightly below market expectations for the second fiscal quarter, and management indicated that tariffs may pressure annual gross margins [3] - Marvell Technology (MRVL.US) fell 18.60%, reporting record revenue of $2.01 billion for the second quarter, a 58% year-on-year increase, but provided a Q3 revenue guidance slightly below expectations [3] - Alibaba (BABA.US) surged 12.90%, with a market value increase of $36.7 billion overnight, reporting an 18% year-on-year decline in Non-GAAP net profit, but strong resilience in core business [3] - Ambarella (AMBA.US) rose 16.78%, providing strong guidance for Q3 revenue, expected to be between $100 million and $108 million, reflecting continued growth in edge AI demand [3] - IREN Ltd (IREN.US) increased 14.93%, exceeding expectations in its fourth-quarter earnings report and announcing a priority partnership with NVIDIA [3] Group 4: Other Notable Stocks - Dell Technologies (DELL.US) fell 8.88%, reporting that its infrastructure division's operating profit margin was below expectations [4] - Affirm Holdings (AFRM.US) rose 10.59%, reporting better-than-expected revenue and profit for the fourth fiscal quarter [4] - TryHard Holdings (THH.US) declined 9.80%, issuing 1.5 million shares at $4 each, at the lower end of the pricing range [5] - GrowHub (TGHL.US) increased 1.48%, issuing 3.8 million shares at $4 each, also at the lower end of the pre-set pricing range [5]

Core Insights - Ambarella reported strong quarterly results, with a stock price increase of approximately 17% following the announcement [1] Financial Performance - For Q2 of fiscal 2026, Ambarella generated $95.5 million in revenue, marking a nearly 50% year-over-year increase [2] - The company's non-GAAP net income rose by 16% to $6.4 million, equating to $0.15 per share [2] - Analysts had underestimated the company's growth potential, with average revenue forecasts at $90 million and adjusted profit expectations at $0.05 per share [3] Market Position and Strategy - Ambarella specializes in the edge segment of the semiconductor market, focusing on AI solutions for edge computing, which is currently in high demand [4] - The company has shipped over 36 million edge AI processors to date, highlighting its significant market presence [4] Future Outlook - Ambarella raised its full-year revenue guidance, now expecting a 31% to 35% increase for fiscal 2026 compared to 2025, with a midpoint revenue estimate of around $379 million [5]

周五，安霸(AMBA.US)大涨超20%，创年内新高，报84.93美元。消息面上，该公司公布的2026财年第 二季度业绩超出市场预期，收入达9550万美元，同比增长49.9%，超出FactSet预期的9000万美元;Non- GAAP每股收益为0.15美元，超出IBES预期的0.05美元-0.10美元。公司上调2026财年收入增长目标至 31%-35%，并对第三季度收入给出强劲指引，预期范围为1亿至1.08亿美元，反映边缘AI需求持续增 长。 ...

智通财经APP获悉，周五，安霸(AMBA.US)大涨超20%，创年内新高，报84.93美元。消息面上，该公 司公布的2026财年第二季度业绩超出市场预期，收入达9550万美元，同比增长49.9%，超出FactSet预期 的9000万美元;Non-GAAP每股收益为0.15美元，超出IBES预期的0.05美元-0.10美元。公司上调2026财年 收入增长目标至31%-35%，并对第三季度收入给出强劲指引，预期范围为1亿至1.08亿美元，反映边缘 AI需求持续增长。 ...

Ambarella stock roared 20% higher Friday as the chip designer reported better-than-expected second-quarter results and issued strong guidance.Here's how the company did compared to LSEG expectations:Earnings: 15 cents per share adj. vs 5 cents per share expectedRevenue: $96 million vs $90 million expectedAmbarella, which is known for its system-on-chip semiconductors and software used for edge artificial intelligence, said it expects third-quarter revenue between $100 million and $108 million, beating the L ...

Financial Data and Key Metrics Changes - Revenue for Q2 fiscal year 2026 was $95.5 million, an increase of 11.2% sequentially and 49.9% year-over-year, exceeding prior guidance [23][7] - Non-GAAP gross margin for Q2 was 60.5%, at the low end of the prior guidance range [23] - Non-GAAP net profit for Q2 was $6.4 million, or $0.15 per diluted share [24] Business Line Data and Key Metrics Changes - Automotive revenue increased in the mid-single digits, while IoT revenue grew in the low teens, with IoT representing slightly more than 75% of total revenue [23] - The company reported strong demand for new five-nanometer AI SoCs across various applications, particularly in portable video and robotics [9][10] Market Data and Key Metrics Changes - The company anticipates revenue growth for fiscal year 2026 in the range of 31% to 35%, with a midpoint of approximately $379 million [9] - The edge AI business is expanding, with expectations for unit and average selling price growth [27] Company Strategy and Development Direction - The company is focusing on both autonomous driving and IoT markets, leveraging shared hardware architecture to optimize operational expenses [31] - The company is actively pursuing design wins in the automotive sector while also expanding its presence in the IoT market, particularly in portable video and robotics [12][19] Management's Comments on Operating Environment and Future Outlook - Management noted that while automotive growth is expected to eventually outperform IoT, the current strong performance in IoT is driven by shorter design cycles and more available opportunities [31][36] - The company remains optimistic about the edge AI market, with significant lifetime revenue opportunities in automotive autonomy [80] Other Important Information - The company has shipped over 36 million AI processors, establishing itself as a leader in the edge AI market [19] - The company is preparing for upcoming investor events, including participation in various conferences [5] Q&A Session Summary Question: Thoughts on IoT versus automotive focus - Management acknowledged the strong performance of IoT and indicated a balanced focus on both IoT and automotive markets, with plans to allocate more resources to IoT [31][32] Question: Expectations for automotive growth - Management expects automotive growth to eventually outperform IoT, particularly around 2027-2028, but noted that IoT will continue to contribute significantly in the near term [35][36] Question: Trends in robotic aerial drones - Management confirmed a growing trend in the drone market, with multiple companies focusing on autonomous drone applications [39] Question: Guidance for Q4 - Management indicated that seasonality is expected in Q4, driven by consumer cycles, but noted that growth rates are improving compared to previous years [48] Question: Non-security IoT growth - Management sees significant growth potential in non-security IoT applications, with expectations that this segment will outpace traditional security camera business [50][51] Question: Industry consolidation and strategy - Management refrained from commenting on industry rumors but emphasized the company's leadership in the edge AI market [57] Question: Demand pull-ins related to tariffs - Management stated that they have not observed any significant inventory buildup among customers, indicating confidence in demand stability [70] Question: Customer response to the Cooper development platform - Management reported positive feedback on the Cooper platform, which facilitates easier transitions between different chips for customers [72] Question: Growth drivers in IoT and automotive - Management indicated that growth is roughly split 50/50 between average selling price and unit growth [84] Question: IoT market split between security and non-security applications - Management noted that portable video applications are growing rapidly, with Insta360 being a significant customer [88]

Financial Data and Key Metrics Changes - Revenue for Q2 fiscal year 2026 was $95.5 million, an increase of 11.2% sequentially and 49.9% year-over-year, exceeding prior guidance [22][6][19] - Non-GAAP gross margin for Q2 was 60.5%, at the low end of the prior guidance range [22] - Non-GAAP net profit for Q2 was $6.4 million, or $0.15 per diluted share [23] Business Line Data and Key Metrics Changes - Automotive revenue increased in the mid-single digits, while IoT revenue grew in the low teens, with IoT representing slightly more than 75% of total revenue [22] - The company is seeing strong demand for new five-nanometer AI SoCs across various applications, particularly in portable video and robotics [7][9] Market Data and Key Metrics Changes - The company anticipates a revenue growth range of 31% to 35% for fiscal year 2026, with a midpoint of approximately $379 million [7][25] - The edge AI business is expanding, with significant growth expected in portable video applications and robotics [19][18] Company Strategy and Development Direction - The company is focusing on expanding its edge AI applications, including portable video, robotic aerial drones, and edge infrastructure [7][19] - Management emphasizes the importance of both automotive and IoT markets, with plans to allocate more resources to IoT due to its rapid growth [30][29] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the growth trajectory of both automotive and IoT markets, with expectations for automotive to eventually outperform IoT by 2027-2028 [32][31] - The company is actively working on design wins in the automotive sector while also capitalizing on the rapid growth in IoT applications [76][75] Other Important Information - The company has shipped over 36 million AI processors, establishing itself as a leader in the edge AI market [18][55] - The company is targeting a significant increase in average selling prices due to the demand for higher-end AI SoCs [19][100] Q&A Session Summary Question: Is the company considering a pivot towards IoT given its strong performance? - Management acknowledges the strong performance of IoT and plans to allocate more resources to this area while continuing to focus on automotive [30][29] Question: Will automotive outgrow IoT next year? - Management believes automotive will eventually outperform IoT but expects IoT to continue contributing significantly in the near term [32][31] Question: What is the outlook for the robotic aerial drones market? - Management sees a growing trend in autonomous drones and expects multiple companies to enter this space, indicating a significant market opportunity [36][35] Question: How does the company view the growth of non-security applications in IoT? - Management anticipates that non-security applications, particularly portable video, will continue to grow rapidly and may eventually surpass security applications [46][48] Question: What is the company's strategy regarding industry consolidation? - Management refrains from commenting on rumors but emphasizes the strength and focus on edge AI as a key differentiator in the market [54][55] Question: How does the company monitor potential demand pull-ins related to tariffs? - Management maintains regular communication with customers and distributors to monitor inventory levels and demand trends [66][65] Question: What feedback has the company received on the Cooper development platform? - Management reports positive feedback on the Cooper platform, which facilitates easier transitions between different chips for customers [68][67] Question: What is the split between security and non-security applications in IoT? - Management indicates that portable video is the fastest-growing non-security application, with a significant contribution from various product lines [82][81]