Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2025 Financial Results

Core Viewpoint - Ambarella, Inc. reported strong financial results for the fourth quarter and full year of fiscal 2025, highlighting significant revenue growth driven by edge AI products and providing optimistic guidance for fiscal 2026 [1][4]. Financial Performance - Fourth quarter revenue reached $84.0 million, a 62.8% increase from $51.6 million in the same period of fiscal 2024 [5]. - For the fiscal year ended January 31, 2025, total revenue was $284.9 million, up 25.8% from $226.5 million in fiscal 2024 [5]. - Gross margin for the fourth quarter was 60.0%, slightly up from 59.8% year-over-year, while the fiscal year gross margin was 60.5%, compared to 60.4% in the previous year [5]. - The company reported a GAAP net loss of $20.2 million for the fourth quarter, improving from a loss of $60.6 million in the same quarter of fiscal 2024 [5]. - Non-GAAP net profit for the fourth quarter was $4.8 million, compared to a non-GAAP net loss of $9.8 million in the same period last year [5]. Cash Position - At the end of the fourth quarter of fiscal 2025, Ambarella had total cash, cash equivalents, and marketable debt securities of $250.3 million, an increase from $226.5 million in the prior quarter and $219.9 million year-over-year [3]. Future Guidance - For the first quarter of fiscal 2026, Ambarella expects revenue between $81.0 million and $87.0 million, with a non-GAAP gross margin projected between 61.0% and 62.5% [5]. - The company anticipates mid to high teens revenue growth in fiscal 2026, driven by its 5nm products, particularly the CV5 and CV7 families [4]. Market Position - Over 70% of Ambarella's total revenue in fiscal 2025 came from edge AI products, marking both a quarterly and annual record [4]. - The company has shipped approximately 30 million edge AI processors, integrating proprietary deep learning AI accelerators [4]. Operational Insights - Ambarella's focus on efficient operations aims to drive positive operating leverage moving forward [4]. - The company continues to invest in research and development, with operating expenses for R&D reaching $226.1 million for the fiscal year [16]. Conference Call - A conference call is scheduled to discuss the fourth quarter results, providing further insights into the company's performance and future strategies [6].