Ambarella (AMBA) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to loss of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 175%. A quarter ago, it was expected that this video-compression chipmaker would post a loss of $0.19 per share when it actually produced a loss of $0.13, delivering a surprise of 31.58%.Over the last four quarters, the comp ...

Financial Performance - Revenue for Q3 FY2025 was $82.7 million, a 63% increase from $50.6 million in Q3 FY2024[3] - Gross margin under GAAP for Q3 FY2025 was 60.6%, compared to 59.3% in Q3 FY2024[3] - GAAP net loss for Q3 FY2025 was $24.1 million, or loss per diluted share of $0.58, an improvement from a net loss of $41.7 million, or loss per diluted share of $1.04, in Q3 FY2024[3] - Non-GAAP net income for Q3 FY2025 was $4.5 million, or earnings per diluted share of $0.11, compared to a non-GAAP net loss of $11.2 million, or loss per diluted share of $0.28, in Q3 FY2024[4] - For the three months ended October 31, 2024, GAAP net loss was $24,071 thousand compared to a loss of $41,710 thousand for the same period in 2023, representing a 42.5% improvement[21] - Non-GAAP net income for the three months ended October 31, 2024, was $4,459 thousand, while the same period in 2023 reported a loss of $11,178 thousand, indicating a significant turnaround[21] - The diluted net loss per share under GAAP for the three months ended October 31, 2024, was $(0.58), improving from $(1.04) in the same period of 2023[21] Cash and Assets - Cash, cash equivalents, and marketable securities at the end of Q3 FY2025 totaled $226.5 million, up from $219.8 million in the previous quarter[7] - Total current assets increased to $303,610 thousand as of October 31, 2024, up from $280,157 thousand at January 31, 2024, reflecting a 8.5% growth[23] - Cash and cash equivalents decreased to $127,122 thousand from $144,914 thousand, a decline of 12.3%[23] Liabilities and Equity - Total liabilities rose to $116,494 thousand as of October 31, 2024, compared to $97,784 thousand at January 31, 2024, marking an increase of 19.0%[23] - Total shareholders' equity decreased to $554,295 thousand from $559,871 thousand, a decline of 1.0%[23] Future Outlook - Ambarella expects Q4 FY2025 revenue to be between $76.0 million and $80.0 million[5] - Non-GAAP gross margin for Q4 FY2025 is expected to be between 61.5% and 63.0%[5] - The company aims to drive positive operating leverage and maintain positive free cash flow for 15 consecutive fiscal years[8] - Ambarella is focused on expanding its presence in IoT and automotive markets, anticipating growth in FY2025 and FY2026[8] Operational Costs - Stock-based compensation expense for the three months ended October 31, 2024, was $26,847 thousand, slightly down from $27,409 thousand in the same period of 2023[21] - Acquisition-related costs totaled $1,267 thousand for the three months ended October 31, 2024, compared to $1,277 thousand in the prior year[21] - The difference between GAAP and non-GAAP gross margin was 2.0% for the three months ended October 31, 2024, compared to 3.3% in 2023, attributed to stock-based compensation and other expenses[20] Revenue Composition - Edge AI revenue accounted for approximately 70% of total revenue, establishing a new record level[8]

Core Viewpoint - Ambarella, Inc. reported strong financial results for the third quarter of fiscal year 2025, with significant revenue growth driven by its edge AI semiconductor products, particularly in the IoT and automotive markets. Financial Performance - Revenue for Q3 FY2025 was $82.7 million, a 63% increase from $50.6 million in Q3 FY2024 [2] - For the nine months ending October 31, 2024, revenue reached $200.9 million, up 15% from $174.9 million in the same period of the previous year [2] - GAAP gross margin for Q3 FY2025 was 60.6%, compared to 59.3% in Q3 FY2024 [2] - Non-GAAP gross margin for Q3 FY2025 was 62.6%, consistent with the same period in FY2024 [3] Net Loss and Earnings - GAAP net loss for Q3 FY2025 was $24.1 million, or a loss of $0.58 per diluted share, an improvement from a net loss of $41.7 million, or $1.04 per diluted share, in Q3 FY2024 [2] - Non-GAAP net income for Q3 FY2025 was $4.5 million, or earnings of $0.11 per diluted share, compared to a non-GAAP net loss of $11.2 million, or a loss of $0.28 per diluted share, in Q3 FY2024 [3] Guidance for Future Performance - For Q4 FY2025, revenue is expected to be between $76.0 million and $80.0 million [4] - Non-GAAP gross margin is anticipated to be between 61.5% and 63.0% [4] - Non-GAAP operating expenses are projected to be between $49.0 million and $52.0 million [4] Cash Position - Total cash, cash equivalents, and marketable debt securities at the end of Q3 FY2025 were $226.5 million, an increase from $219.8 million at the end of the previous quarter [6] Market Position and Strategy - Edge AI revenue accounted for approximately 70% of total revenue, marking a record level for the company [7] - The company aims to leverage anticipated revenue growth to drive positive operating leverage and maintain its track record of 15 consecutive fiscal years of positive free cash flow [7]

SANTA CLARA, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced it will hold its third quarter fiscal year 2025 earnings conference call on Tuesday, November 26, 2024 at 1:30 p.m. (Pacific Time). The company will issue its earnings release after the market closes that same day. Those interested in asking a question on the call are required to register online in advance.  Once registered, the dial-in numbers will be provided with a pers ...

SANTA CLARA, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced it will hold its third quarter fiscal year 2025 earnings conference call on Tuesday, November 26, 2024 at 1:30 p.m. (Pacific Time). The company will issue its earnings release after the market closes that same day. Those interested in asking a question on the call are required to register online in advance. Once registered, the dial-in numbers will be provided with a perso ...

Group 1 - Ambarella Inc (AMBA) shares increased by 4.22% on October 2, reaching an intraday high of $56.57 before closing at $56.51, up from the previous close of $54.22 [1] - The current stock price is 14.22% below its 52-week high of $65.88 and 42.38% above its 52-week low of $39.69 [1] - Trading volume was 139,171 shares, which is 19.5% of the average daily volume of 713,491 [1] Group 2 - The average one-year price target for Ambarella Inc, based on estimates from 10 analysts, is $74.00, indicating a potential upside of 30.95% from the current price of $56.51 [2] - The consensus recommendation from 17 brokerage firms gives Ambarella Inc an average rating of 2.4, suggesting an "Outperform" status [2] - GuruFocus estimates the fair value (GF Value) for Ambarella Inc in one year to be $66.22, implying a potential upside of 17.18% from the current price of $56.51 [2]

Core Insights - Ambarella, Inc. announced the deployment of its Oculii™ AI 4D imaging radar technology in the 2023 and 2024 Lotus Eletre electric hyper-SUV and the 2024 Lotus Emeya fully electric hyper-GT, enhancing their L2+ semi-autonomous systems [1][2][4] Group 1: Technology and Performance - The Oculii radar technology provides ultra-fine angular resolution of one degree using only six transmit and eight receive antennas, which is more than double the resolution of competitors with the same antenna count [2][3] - This high resolution allows for better object detection in both urban and highway environments, ensuring timely and accurate avoidance and braking by the vehicles' L2+ systems [2][3] - Ambarella's technology reduces radar system power consumption and complexity, enabling the radar modules to be fitted into desired locations on the vehicles [3][4] Group 2: Future Developments - Lotus is evaluating Ambarella's centralized radar processing architecture to enhance ADAS and autonomous performance, which can detect objects over 500 meters away and achieve an angular resolution of 0.5 degrees [4] - The centralized processing architecture allows for real-time adaptation to driving conditions and maintains reduced data bandwidth and power consumption compared to competing solutions [4] Group 3: Upcoming Events - Test drives demonstrating Ambarella's centralized radar processing architecture will be available during AutoSens Europe, scheduled for October 8-10 in Barcelona [5]

Ambarella (AMBA) shares have plunged 13% year to date (YTD) against the Zacks Computer and Technology Sector and S&P 500 index’s return of 19.9% and 18%, respectively.Ambarella stock has also underperformed the Zacks Electronics - Semiconductors industry’s growth of 23.6% in the same time frame.Here’s Why AMBA Shares Are TumblingAmbarella is grappling with several headwinds, including the slowdown of electric vehicle (EV) market growth. Per a Forbes report, the EV market is expected to grow 16% in 2024 comp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMBARELLA, INC. (Exact name of registrant as specified in its charter) Title of each class Trading Symbol Name of each exchange on which registered Ordinary Shares, $0.00045 Par Value Per Share AMBA The Nasdaq Global Select Market 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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d ...

With a top AI stock taking it on the chin, investors appeared to be looking for alternatives with solid potential.The news has been very positive with microchip stock Ambarella (AMBA 1.51%) over the past few days, and investors have been piling into the artificial intelligence (AI)-focused company. According to data compiled by S&P Global Market Intelligence, as of Friday before market open Ambarella's share price was up a mighty 19% week to date. Solid quarterly results, a series of analyst price target ra ...