Ambarella(AMBA) - 2026 Q4 - Annual Results

Revenue Performance - Revenue for Q4 fiscal 2026 was $100.9 million, a 20.1% increase from $84.0 million in Q4 fiscal 2025[3] - For the fiscal year ended January 31, 2026, revenue was $390.7 million, up 37.2% from $284.9 million in fiscal 2025[3] - Revenue for the three months ended January 31, 2026, was $100.867 million, a 19.9% increase from $84.015 million in the same period of 2025[17] - Edge AI SoCs accounted for 80% of total revenue, with cumulative edge AI revenue reaching approximately $1 billion[6] Profit and Loss - GAAP net loss for Q4 fiscal 2026 was $16.4 million, or loss per diluted share of $0.38, compared to a loss of $20.2 million, or $0.48 per share in Q4 fiscal 2025[3] - Non-GAAP net profit for Q4 fiscal 2026 was $5.5 million, or earnings per diluted share of $0.13, compared to $4.8 million, or $0.11 per share in Q4 fiscal 2025[3] - The net loss for the three months ended January 31, 2026, was $16.435 million, an improvement from a net loss of $20.234 million in the same period of 2025[18] - Non-GAAP net income for the twelve months ended January 31, 2026, was $26.866 million, compared to a non-GAAP net loss of $6.783 million for the twelve months ended January 31, 2025[18] - The diluted net loss per share for the three months ended January 31, 2026, was $(0.38), an improvement from $(0.48) in the same period of 2025[18] Financial Position - Total cash, cash equivalents, and marketable debt securities at the end of Q4 fiscal 2026 was $312.6 million, up from $295.3 million in the prior quarter[5] - Total current assets increased to $410.275 million as of January 31, 2026, from $320.551 million as of January 31, 2025, representing a 28.0% growth[20] - Cash and cash equivalents rose to $191.019 million as of January 31, 2026, up from $144.622 million a year earlier, indicating a 32.0% increase[20] - Total liabilities increased to $203.811 million as of January 31, 2026, compared to $127.556 million as of January 31, 2025, reflecting a 59.7% rise[20] Guidance and Expectations - Guidance for Q1 fiscal 2027 projects revenue between $97.0 million and $103.0 million[3] - Expected non-GAAP gross margin for Q1 fiscal 2027 is between 59.0% and 60.5%[3] - Non-GAAP operating expenses for Q1 fiscal 2027 are expected to be between $55.0 million and $58.0 million[3] Stock-Based Compensation - The company reported total stock-based compensation of $20.981 million for the three months ended January 31, 2026, down from $27.548 million in the same period of 2025[18] - The difference between GAAP and non-GAAP gross margin was 1.4% for the three months ended January 31, 2026, due to stock-based compensation and amortization of acquisition-related costs[17] Share Repurchase Program - Ambarella's Board approved an extension of the share repurchase program, with approximately $48.0 million available for repurchase[7]