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 ...

Exhibit 99.1 Ambarella, Inc. Announces Third Quarter Fiscal Year 2025 Financial Results November 26, 2024 —Santa Clara, Calif. – Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced financial results for its third quarter of fiscal year 2025 ended October 31, 2024. • Revenue for the third quarter of fiscal 2025 was $82.7 million, up 63% from $50.6 million in the same period in fiscal 2024. For the nine months ended October 31, 2024, revenue was $200.9 million, up 15% from $174.9 ...

SANTA CLARA, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc.  (NASDAQ: AMBA), an edge AI semiconductor company, today announced financial results for its third quarter of fiscal year 2025 ended October 31, 2024. Revenue for the third quarter of fiscal 2025 was $82.7 million, up 63% from $50.6 million in the same period in fiscal 2024. For the nine months ended October 31, 2024, revenue was $200.9 million, up 15% from $174.9 million for the nine months ended October 31, 2023.Gross margin under U.S. ...

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 ...

Shares of Ambarella Inc (AMBA, Financial) surged 4.22% in mid-day trading on Oct 2. The stock reached an intraday high of $56.57, before settling at $56.51, up from its previous close of $54.22. This places AMBA 14.22% below its 52-week high of $65.88 and 42.38% above its 52-week low of $39.69. Trading volume was 139,171 shares, 19.5% of the average daily volume of 713,491.Wall Street Analysts ForecastBased on the one-year price targets offered by 10 analysts, the average target price for Ambarella Inc (AMB ...

SANTA CLARA, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced in advance of AutoSens Europe that its Oculii™ AI 4D imaging radar technology is deployed worldwide in the 2023 and 2024 Lotus Eletre electric hyper-SUV as well as the 2024 Lotus Emeya fully electric hyper-GT from Lotus Technology. The vehicles’ L2+ semi-autonomous systems that have benefited from this groundbreaking radar technology include highway and urban navigation o ...

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 ...