SEOUL, Korea and SANTA CLARA, Calif., Dec. 04, 2024 (GLOBE NEWSWIRE) -- LG Electronics (LG), a mobility sector technology leader, and Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced that LG will showcase its latest in-cabin solution, developed in partnership with Ambarella, during CES 2025. Ambarella worked in close cooperation with LG to integrate its CV25 AI system-on-chip (SoC) into LG’s Driver Monitoring System (DMS), which allows automotive OEMs to deliver safer vehicl ...

Ambarella TodayAMBAAmbarella$71.50 -0.05 (-0.07%) 52-Week Range$39.69▼$81.32Price Target$81.67Add to WatchlistIt has taken time for Ambarella NASDAQ: AMBA to gain traction, but its Q3 results prove it is. The shift from a pure-play computer vision company to an edge AI company focused on computer vision is instrumental to the company's traction and provides a vehicle for growth long into the future. The Q3 results are company-specific due to its leadership position in computer vision/AI technology but also ...

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Ambarella (AMBA 4.44%) stock soared nearly 19% Wednesday morning after reporting a strong earnings beat last night. The stock has since given back about half its gains, but as of 11:20 a.m. ET is still up 7.7%.Analysts had forecast Ambarella to earn $0.04 per share on $79 million in sales. In fact, the company reported Q3 earnings of $0.11 per share, and sales of $82.6 million. Adding to the good news, Ambarella raised guidance for Q4 sales. Ambarella Q3 earnings reflect AI gainsOnce upon a time, Ambarella ...

Ambarella (AMBA) reported third-quarter fiscal 2025 non-GAAP earnings of 11 cents per share, which surpassed the Zacks Consensus Estimate of 4 cents. The bottom line also experienced a robust improvement from the year-ago quarter’s loss of 28 cents per share.Ambarella’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 63.2%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Ambarella’s third-quarter revenues soared 63% year ove ...

Ambarella Inc (NASDAQ:AMBA) stock is gapping to 52-week highs, up 15.4% at $78.96 at last glance, after the semiconductor name's better-than-expected third-quarter results and current-quarter revenue forecast. CEO Fermi Wang attributed the success to strong sales from its Edge AI product, which he said represents roughly 70% of the company's total top line. Plus, a flood of analysts lifted their price targets on AMBA after the event. Should this positive price action hold, Ambarella stock will notch its bes ...

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Financial Data and Key Metrics Changes - Revenue for Q3 fiscal year 2025 was $82.7 million, up 30% sequentially and up 63% year-over-year, exceeding guidance [24][28] - Non-GAAP gross margin for Q3 was 62.6%, at the low end of prior guidance due to product mix [25] - Non-GAAP net profit for Q3 was $4.5 million, or $0.11 per diluted share [25] Business Line Data and Key Metrics Changes - Both automotive and IoT businesses saw a sequential revenue increase of about 30% [8] - AI revenue reached a record level, contributing to a higher blended average selling price [8] - The automotive business is projected to grow to approximately $80 million this year, with a five-year compounded annual growth rate in the mid-teens [10][12] Market Data and Key Metrics Changes - The automotive revenue funnel is approximately $2.2 billion, down from $2.4 billion a year ago, with significant volatility due to project delays and cancellations [12][73] - Approximately 15% of the pipeline is from China, with a fair distribution across other regions [50][56] Company Strategy and Development Direction - The company is focused on new product momentum, particularly with the CV5 and upcoming CV7, to drive revenue growth [9][21] - The strategic plan aligns with the growth of AI training and inference capacity in data centers, indicating a strong market opportunity for edge AI processing [21] - The company aims for a long-term non-GAAP operating margin target of 30% [22] Management's Comments on Operating Environment and Future Outlook - Management noted that the global automotive industry is under pressure, but they remain optimistic about growth in the automotive sector [10][11] - The company expects fiscal Q4 revenue to be in the range of $76 million to $80 million, with a normal seasonal decline anticipated [28] - Management highlighted the importance of addressing customer pain points related to software development and cost in the automotive sector [47][48] Other Important Information - The company has shipped over 25 million edge AI SoCs cumulatively, establishing a strong position in AI computer vision [20] - The first 2-nanometer chip is expected to tape out in Q4 next year, targeting IoT and enterprise applications [65] Q&A Session Summary Question: What changed in the recent results? - Management indicated that Q3 results rebounded from inventory correction, with growth driven by new product adoption and customer activity [33] Question: How does the automotive pipeline look? - The automotive pipeline has decreased year-over-year due to project delays and cancellations, but management remains optimistic about the CV3 domain controller opportunity [36][37] Question: What is the mix between CV2 and CV5? - AI revenue was approximately 70% in Q3, with CV5 expected to ship over 1 million units this year [40] Question: How is the geographic distribution of the automotive pipeline? - The pipeline is fairly distributed, with only 15% from China, and a higher percentage from Europe [50][56] Question: What is the competitive landscape for automotive design wins? - The competitive landscape includes major players like NVIDIA, Qualcomm, and Mobileye, with partnerships with Tier 1 suppliers like Conti and Bosch being crucial [78] Question: What is the impact of geopolitical risks? - Management believes that while geopolitical risks exist, they do not pose a significant threat specifically to the company [56] Question: What is the outlook for gross margins? - Management expects gross margins to be at the low end of the long-term model due to competition but remains optimistic about maintaining current levels [84]

Tuesday, November 26, 2024Markets needed to fight off some early morning doldrums, closing in the green for three of the four major indexes today. The Dow and the S&P 500 both registered new all-time closes today, +0.28% and +0.57%, respectively. The Nasdaq grew by +0.63% while the small-cap Russell 2000 slid -0.73% on the session.We saw Case-Shiller home prices come down unexpectedly for September to +4.6% in the 20-city survey. New York City reported the highest home price change for the month at +7.5%, f ...

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 ...