- Ambarella (NASDAQ:AMBA) guided on its FQ1 CC for FQ2 revenue of $43.5M-$45.5M, in-line with a $44.5M consensus.
- FQ1 gross margin was 62.7%, -140 bps Q/Q and -130 bps Y/Y, but near the high end of a guidance range of 61%-63% and helping EPS beat by $0.04. GAAP opex rose 19% Y/Y to $19.7M.
- Strong sales to IP security camera vendors fueled a 21% Y/Y revenue increase, offsetting GoPro-related weakness (previous) caused by camera launch timings.
Ambarella +3.9% AH on FQ1 beat, in-line guidance
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Symbol | Last Price | % Chg |
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AMBA | - | - |
Ambarella, Inc. |