Ambarella(US:AMBA)2025-11-25 21:14Revenue Performance - Revenue for Q3 FY 2026 was $108.5 million, up 31.2% from $82.7 million in Q3 FY 2025[3] - The company expects Q4 FY 2026 revenue to be between $97.0 million and $103.0 million[3] - The new revenue growth guidance for FY 2026 is projected to be between 36% and 38%, an increase from the previous estimate of 31% to 35%[6] - Ambarella's edge AI revenue has set its sixth consecutive revenue record, indicating strong demand for its products[6] Profitability Metrics - Non-GAAP net profit for Q3 FY 2026 was $11.9 million, or earnings per diluted share of $0.27, compared to $4.6 million, or $0.11 per diluted share in Q3 FY 2025[3] - GAAP net loss for Q3 FY 2026 was $15.1 million, or loss per diluted share of $0.35, an improvement from a loss of $24.1 million, or $0.58 per diluted share in Q3 FY 2025[3] - GAAP diluted net loss per share for Q3 2025 was $(0.35), an improvement from $(0.58) in Q3 2024[20] - Non-GAAP diluted net income per share for Q3 2025 was $0.27, compared to $0.11 in Q3 2024, reflecting a 145.5% increase[20] Cash and Assets - Total cash, cash equivalents, and marketable debt securities at the end of Q3 FY 2026 was $295.3 million, up from $261.2 million in the prior quarter[5] - Total current assets increased to $383,667,000 as of October 31, 2025, up from $320,551,000 at the end of January 2025, reflecting a 19.7% growth[21] - Cash and cash equivalents rose to $174,057,000, compared to $144,622,000 in January 2025, indicating a 20.3% increase[21] - Accounts receivable increased to $42,227,000 from $29,767,000, a growth of 42%[21] - Inventories rose to $39,159,000, up from $34,428,000, indicating a 13.3% increase[21] Liabilities and Equity - Total liabilities increased to $161,777,000 from $127,556,000, representing a 26.8% rise[21] - Shareholders' equity improved to $590,113,000 as of October 31, 2025, up from $561,412,000, showing a 5.1% increase[21] Operating Expenses - Operating expenses on a non-GAAP basis for Q4 FY 2026 are expected to be between $55.0 million and $58.0 million[3] - Year-to-date free cash flow is 14.8% of revenue, reflecting strong growth and operating efficiency[6] Historical Comparison - GAAP net loss for Q3 2025 was $15,107,000, compared to a loss of $24,071,000 in Q3 2024, representing a 37.5% improvement year-over-year[20] - Non-GAAP net income for Q3 2025 was $11,864,000, significantly higher than $4,459,000 in Q3 2024, marking a 166.5% increase[20]