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 latest quarterly financial results, posting adjusted earnings of $0.13 per share and revenues of $56.9 million.
Currently, AMBA is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have dipped slightly over the past month, including a 0.3% loss during regular trading hours today.
The stock is currently up 2.1% to $50.41 per share in after-hours trading shortly after its earnings report was released.
Ambarella:
Beat earnings estimates. The company posted non-GAAP earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09. Investors should note that this consensus projection has remained stagnant over the duration of the quarter.
Beat revenue estimates. The company saw revenue figures of $56.9 million, just edging out our consensus estimate of $56.23 million. Total revenue was down 11.2% year over year.
Gross margin on a non-GAAP basis was 61.8%, down from 64.3% in the year-ago period. GAAP gross margin was 61.3%, down from 63.9% last year.
GAAP net loss in the quarter was $10.0 million, or $0.30 per share. That compares to GAAP net income of $2.6 million, or $0.07 per share, in the prior-year period.
“We continue to successfully achieve our target milestones in the rollout of our new computer vision technology,” said CEO Fermi Wang. “We are encouraged by the feedback received by customers in the security and automotive markets and believe that our investment in computer vision technology will bring new opportunities for growth.”
Ambarella expects Q2 revenue to fall in the range of $60.0 million to $64.0 million. Prior to today’s report, our latest consensus estimate was calling for Q2 revenue of $68.8 million.
Here’s a graph that looks at Ambarella’s recent earnings performance:
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.
Check back later for our full analysis on AMBA’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Ambarella (AMBA) Posts Q1 Earnings Beat, Sluggish Revenue Guidance
Ambarella, Inc. (AMBA - Free Report) just released its latest quarterly financial results, posting adjusted earnings of $0.13 per share and revenues of $56.9 million.
Currently, AMBA is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have dipped slightly over the past month, including a 0.3% loss during regular trading hours today.
The stock is currently up 2.1% to $50.41 per share in after-hours trading shortly after its earnings report was released.
Ambarella:
Beat earnings estimates. The company posted non-GAAP earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09. Investors should note that this consensus projection has remained stagnant over the duration of the quarter.
Beat revenue estimates. The company saw revenue figures of $56.9 million, just edging out our consensus estimate of $56.23 million. Total revenue was down 11.2% year over year.
Gross margin on a non-GAAP basis was 61.8%, down from 64.3% in the year-ago period. GAAP gross margin was 61.3%, down from 63.9% last year.
GAAP net loss in the quarter was $10.0 million, or $0.30 per share. That compares to GAAP net income of $2.6 million, or $0.07 per share, in the prior-year period.
“We continue to successfully achieve our target milestones in the rollout of our new computer vision technology,” said CEO Fermi Wang. “We are encouraged by the feedback received by customers in the security and automotive markets and believe that our investment in computer vision technology will bring new opportunities for growth.”
Ambarella expects Q2 revenue to fall in the range of $60.0 million to $64.0 million. Prior to today’s report, our latest consensus estimate was calling for Q2 revenue of $68.8 million.
Here’s a graph that looks at Ambarella’s recent earnings performance:
Ambarella, Inc. Price, Consensus and EPS Surprise
Ambarella, Inc. Price, Consensus and EPS Surprise | Ambarella, Inc. Quote
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.
Check back later for our full analysis on AMBA’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>