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Ambarella(AMBA) - 2026 Q1 - Quarterly Results
AMBAAmbarella(AMBA)2025-05-29 20:18
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Financial Performance - Revenue for Q1 FY 2026 was 85.9million,up57.685.9 million, up 57.6% from 54.5 million in the same period of FY 2025[5] - Non-GAAP net profit for Q1 FY 2026 was 3.0million,orearningsperdilutedshareof3.0 million, or earnings per diluted share of 0.07, compared to a non-GAAP net loss of 10.5million,orlossperdilutedshareof10.5 million, or loss per diluted share of 0.26 in the same period of FY 2025[5] - Gross margin on a GAAP basis for Q1 FY 2026 was 60.0%, compared to 60.9% for the same period in FY 2025[5] - The company is increasing its FY 2026 revenue growth guidance to a range of 19% to 25%, approximately 348millionatthemid−point[6]−RevenueguidanceforQ2FY2026isexpectedtobebetween348 million at the mid-point[6] - Revenue guidance for Q2 FY 2026 is expected to be between 86.0 million and 94.0million[5]−Non−GAAPgrossmarginforQ2FY2026isexpectedtobebetween60.594.0 million[5] - Non-GAAP gross margin for Q2 FY 2026 is expected to be between 60.5% and 62.0%[5] Cash and Assets - Total cash, cash equivalents, and marketable debt securities at the end of Q1 FY 2026 was 259.4 million, up from 250.3millionattheendofthepriorquarter[4]−Totalassetsincreasedto250.3 million at the end of the prior quarter[4] - Total assets increased to 701,918 million from 688,968million,reflectingagrowthofapproximately1.38688,968 million, reflecting a growth of approximately 1.38%[22] - Current assets rose to 335,549 million, up from 320,551million,indicatinganincreaseofabout4.1320,551 million, indicating an increase of about 4.1%[22] - Cash and cash equivalents decreased slightly to 141,285 million from 144,622million,adeclineofapproximately2.4144,622 million, a decline of approximately 2.4%[22] Liabilities and Equity - Accounts payable surged to 35,290 million, up from 21,775million,representinganincreaseofabout62.221,775 million, representing an increase of about 62.2%[22] - Total liabilities increased to 129,202 million from 127,556million,agrowthofapproximately1.3127,556 million, a growth of approximately 1.3%[22] - Shareholders' equity rose to 572,716 million from 561,412million,reflectinganincreaseofabout2.3561,412 million, reflecting an increase of about 2.3%[22] - Accumulated deficit widened to (276,385) million from (252,057)million,indicatingadeteriorationinfinancialposition[22]−Additionalpaid−incapitalincreasedto(252,057) million, indicating a deterioration in financial position[22] - Additional paid-in capital increased to 848,756 million from 813,683million,showingagrowthofapproximately4.3813,683 million, showing a growth of approximately 4.3%[22] Expenses and Investments - Research and development expenses for Q1 FY 2026 were 58.8 million, compared to 54.1millioninthesameperiodofFY2025[18]−Thecompanyrepurchased24,152sharesforapproximately54.1 million in the same period of FY 2025[18] - The company repurchased 24,152 shares for approximately 1.0 million in Q1 FY 2026, with 48.0millionremainingforrepurchase[7]InnovationandDevelopment−AmbarellacontinuestoinnovatewiththedevelopmentofanewSoCtoextenditsreachintotheedgeAIinfrastructuremarket[6]InventoryandLeaseLiabilities−Inventoriesincreasedto48.0 million remaining for repurchase[7] Innovation and Development - Ambarella continues to innovate with the development of a new SoC to extend its reach into the edge AI infrastructure market[6] Inventory and Lease Liabilities - Inventories increased to 39,289 million from 34,428million,reflectingariseofabout14.334,428 million, reflecting a rise of about 14.3%[22] - Operating lease liabilities, current decreased to 2,335 million from $2,829 million, a decline of approximately 17.5%[22]