Ambarella, Inc. (AMBA) unveils its latest artificial intelligence (AI) system-on-chip (SoC) portfolio, the 5nm CV75S family, during the ISC West security expo. This advancement offers the industry's most powerful and cost-efficient option for running multi-modal vision-language models (VLMs) and vision-transformer networks, making cutting-edge AI technologies accessible across various applications. AMBA Expands AI SoC Portfolio With CV75S Family Chris Day, VP of marketing and business development at Ambarel ...

SANTA CLARA, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ:AMBA), an edge AI semiconductor company, today announced during the ISC West security expo, the continued expansion of its AI system-on-chip (SoC) portfolio with the 5nm CV75S family. These new SoCs provide the industry's most power- and cost-efficient option for running the latest multi-modal vision-language models (VLMs) and vision-transformer networks. This efficiency makes these cutting-edge AI technologies feasible for a br ...

CHANGSHA CITY, China and SANTA CLARA, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- SANY Group (SANY), a worldwide leader in the commercial vehicle industry, and Ambarella, Inc. (NASDAQ:AMBA), an edge AI semiconductor company, announced a strategic cooperation focused on advanced mobility solutions for the global market. SANY agreed to leverage Ambarella's powerful CV3-AD family of automotive AI domain controller systems-on-chip (SoCs) to develop advanced automated driving solutions, and to achieve technical v ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2024 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) | --- | --- | --- | |----------------------------------- ...

Ambarella (AMBA) gained 13% during Tuesday’s extended trading session as the company reported a narrower-than-expected loss for the fourth quarter of fiscal 2024. The company reported a non-GAAP loss of 24 cents per share for the quarter, narrower than the Zacks Consensus Estimate of a loss of 33 cents.However, the bottom line compared unfavorably with the year-ago quarter’s non-GAAP earnings of 23 cents per share. The dismal year-over-year performance was mainly due to a decline in revenues.Fourth-quarter ...

Ambarella, Inc. (NASDAQ:AMBA) Q4 2023 Earnings Conference Call February 27, 2024 4:30 PM ET Company Participants Louis Gerhardy - Vice President, Corporate Development Fermi Wang - President and CEO John Young - CFO Conference Call Participants Neil Young - Needham Christopher Rolland - Susquehanna Matthew Ramsey - TD Cowen Tore Svanberg - Stifel Ross Seymore - Deutsche Bank Kevin Cassidy - Rosenblatt Securities Joe Moore - Morgan Stanley Operator Good day, and thank you for standing by. Welcome to Ambarell ...

Ambarella (AMBA) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.27%. A quarter ago, it was expected that this video-compression chipmaker would post a loss of $0.39 per share when it actually produced a loss of $0.28, delivering a surprise of 28.21%.Over the last four quarters, the co ...

Revenue Performance - Q4 FY2024 revenue was $51.6 million, down 38.1% YoY from $83.3 million in Q4 FY2023[1] - Full-year FY2024 revenue was $226.5 million, down 32.9% YoY from $337.6 million in FY2023[1] - Revenue for the three months ended January 31, 2024 was $51.6 million, compared to $83.3 million for the same period in 2023[17] Net Loss and Earnings Per Share - Q4 FY2024 GAAP net loss was $60.6 million, or $1.50 per diluted share, compared to a net loss of $11.1 million, or $0.29 per diluted share, in Q4 FY2023[1] - Full-year FY2024 GAAP net loss was $169.4 million, or $4.25 per diluted share, compared to a net loss of $65.4 million, or $1.70 per diluted share, in FY2023[1] - Net loss for the three months ended January 31, 2024 was $60.6 million, compared to a net loss of $11.1 million for the same period in 2023[17] - GAAP diluted net loss per share for the three months ended January 31, 2024 was $1.50, compared to $0.29 for the same period in 2023[21] - Non-GAAP diluted net loss per share for the three months ended January 31, 2024 was $0.24, compared to non-GAAP diluted net income per share of $0.23 for the same period in 2023[21] Non-GAAP Financial Metrics - Q1 FY2025 non-GAAP gross margin guidance is between 61.5% and 63.0%[3] - Non-GAAP net loss for the three months ended January 31, 2024 was $9.8 million, compared to non-GAAP net income of $8.9 million for the same period in 2023[21] - The difference between GAAP and non-GAAP gross margin was 2.7% for the three months ended January 31, 2024, compared to 3.9% for the same period in 2023[19] Operating Expenses and Costs - Q1 FY2025 non-GAAP operating expenses guidance is between $46.0 million and $49.0 million[3] - Total stock-based compensation for the three months ended January 31, 2024 was $28.5 million, compared to $29.1 million for the same period in 2023[18] - Total acquisition-related costs for the three months ended January 31, 2024 were $1.3 million, compared to $1.2 million for the same period in 2023[18] - Total restructuring expense for the three months ended January 31, 2024 was $104,000, compared to $0 for the same period in 2023[19] Cash and Financial Position - Total cash, cash equivalents, and marketable debt securities at the end of Q4 FY2024 was $219.9 million[4] - Cash and cash equivalents increased to $144,914 thousand from $113,541 thousand, a 27.6% increase[22] - Marketable debt securities decreased to $75,013 thousand from $93,322 thousand, a 19.6% decrease[22] - Accounts receivable, net decreased to $24,950 thousand from $51,987 thousand, a 52% decrease[22] - Inventories decreased to $29,043 thousand from $40,486 thousand, a 28.3% decrease[22] - Total current assets decreased to $280,157 thousand from $304,632 thousand, an 8% decrease[22] - Property and equipment, net decreased to $10,439 thousand from $11,814 thousand, an 11.6% decrease[22] - Deferred tax assets, non-current decreased to $234 thousand from $19,276 thousand, a 98.8% decrease[22] - Intangible assets, net decreased to $55,136 thousand from $58,497 thousand, a 5.7% decrease[22] - Total liabilities decreased to $97,784 thousand from $104,107 thousand, a 6.1% decrease[22] - Total shareholders' equity decreased to $559,871 thousand from $606,088 thousand, a 7.6% decrease[22] Future Outlook and Guidance - Q1 FY2025 revenue guidance is between $52.0 million and $56.0 million[3] - The company expects to return to revenue growth in FY2025 due to the strength of its AI products and early actions to help customers navigate excess inventory[5] Product and Operational Achievements - Key achievements in FY2024 included the ramp of the 5nm AI processor CV5 and sampling of three new 5nm AI processors: N1, CV72AQ, and CV3-AD685[5] Tax and Valuation Allowance - The company recorded a valuation allowance of $22.7 million on certain deferred tax assets for the three months ended January 31, 2024[21]

SANTA CLARA, Calif., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ:AMBA), an edge AI semiconductor company, today announced it will hold its fourth quarter and fiscal year 2024 earnings conference call on Tuesday, February 27th 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 per ...

SANTA CLARA, Calif., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced it will hold its fourth quarter and fiscal year 2024 earnings conference call on Tuesday, February 27th 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 pe ...