These Analysts Revise Their Forecasts On Ambarella After Q1 Results

Ambarella, Inc. AMBA reported better-than-expected earnings for its first quarter on Thursday.The company posted quarterly earnings of 7 cents per share which beat the analyst consensus estimate of 3 cents per share. The company reported quarterly sales of $85.87 million which beat the analyst consensus estimate of$85.18 million.“As the established edge AI market leader, we achieved our fourth consecutive quarter of record AI revenue with results in the upper half of our Q1 revenue guidance range. We are i ...