We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ambarella, Inc. (AMBA - Free Report) just released its second-quarter fiscal 2018 financial results, posting earning of $0.10 per share and revenues of $71.6 million. Currently, AMBA is a Zacks Rank #3 (Hold) and is up 3.03% to $56.05 per share in after-hours trading shortly after its earnings report was released.
AMBA:
Match earnings estimates. The company posted earnings of $0.10 per share, matching Wall Street estimates of $0.10 per share.
Beat revenue estimates. The company saw revenue figures of $71.6million, topping our estimate of $71 million.
Ambarella’s quarterly revenues climbed 10.0% from the year-ago period. The company first-half fiscal 2018 revenues were up 11.0% to $135.8 million. The semiconductors company’s earnings fell from $0.25 a share during the same period last year.
The company’s quarterly GAAP gross margin fell to 62.6%, from 66.7% a year ago. Ambarella repurchased a total of 595,770 shares of stock in the second quarter, which amounted to roughly $29.9 million.
Ambarella updated its third-quarter fiscal 2018 guidance and now expects to post revenues of between $87.5 million and $90.5 million, as well as a non-GAAP gross margin of 62.0% to 63.5%.
“During the second quarter, we had solid growth from IP security, both from professional and home monitoring camera markets,” Ambarella CEO Fermi Wang said in a statement. “We also continued to see growth in our OEM auto business, with strong design win activity and revenue from OEM auto video recorders. We continue to invest in the technologies required to deliver future generations of highly intelligent, HD and Ultra HD cameras with particular emphasis on high performance computer vision functionality.”
Here’s a graph that looks at Ambarella’s Price, Consensus and EPS Surprise history:
Ambarella (AMBA - Free Report) Stock Pops On Revenue Beat Ambarella, Inc. develops video compression and image processing semiconductors. The Company's products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems. Ambarella, Inc. is headquartered in Santa Clara, California.
Check back later for our full analysis on Ambarella’s earnings report!
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today. Learn more >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ambarella (AMBA) Stock Pops On Revenue Beat
Ambarella, Inc. (AMBA - Free Report) just released its second-quarter fiscal 2018 financial results, posting earning of $0.10 per share and revenues of $71.6 million. Currently, AMBA is a Zacks Rank #3 (Hold) and is up 3.03% to $56.05 per share in after-hours trading shortly after its earnings report was released.
AMBA:
Match earnings estimates. The company posted earnings of $0.10 per share, matching Wall Street estimates of $0.10 per share.
Beat revenue estimates. The company saw revenue figures of $71.6million, topping our estimate of $71 million.
Ambarella’s quarterly revenues climbed 10.0% from the year-ago period. The company first-half fiscal 2018 revenues were up 11.0% to $135.8 million. The semiconductors company’s earnings fell from $0.25 a share during the same period last year.
The company’s quarterly GAAP gross margin fell to 62.6%, from 66.7% a year ago. Ambarella repurchased a total of 595,770 shares of stock in the second quarter, which amounted to roughly $29.9 million.
Ambarella updated its third-quarter fiscal 2018 guidance and now expects to post revenues of between $87.5 million and $90.5 million, as well as a non-GAAP gross margin of 62.0% to 63.5%.
“During the second quarter, we had solid growth from IP security, both from professional and home monitoring camera markets,” Ambarella CEO Fermi Wang said in a statement. “We also continued to see growth in our OEM auto business, with strong design win activity and revenue from OEM auto video recorders. We continue to invest in the technologies required to deliver future generations of highly intelligent, HD and Ultra HD cameras with particular emphasis on high performance computer vision functionality.”
Here’s a graph that looks at Ambarella’s Price, Consensus and EPS Surprise history:
Ambarella, Inc. Price, Consensus and EPS Surprise
Ambarella, Inc. Price, Consensus and EPS Surprise | Ambarella, Inc. Quote
Ambarella (AMBA - Free Report) Stock Pops On Revenue Beat Ambarella, Inc. develops video compression and image processing semiconductors. The Company's products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems. Ambarella, Inc. is headquartered in Santa Clara, California.
Check back later for our full analysis on Ambarella’s earnings report!
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today. Learn more >>