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Ambarella's fiscal Q2 revenue rose 13.2% year over year to $108.1 million, driven by record AI revenue and strong automotive and IoT demand. Automotive revenue reached a new high, while non-GAAP EPS was $0.18.
The company forecast fiscal Q3 revenue of $115 million to $124 million and authorized a new $50 million stock-repurchase program. Ambarella also expects to maintain its 59%–62% long-term gross-margin target despite rising supply-chain costs.
Ambarella raised its fiscal 2032 serviceable market forecast to $22.9 billion, citing expansion into edge infrastructure and AI accelerators such as the sampling X7. Partnerships with Capgemini and Macnica are intended to broaden enterprise and midsize-customer reach, though meaningful revenue is expected in two to three years.
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#revenue #automotive
Ambarella's fiscal Q2 revenue rose 13.2% year over year to $108.1 million, driven by record AI revenue and strong automotive and IoT demand. Automotive revenue reached a new high, while non-GAAP EPS was $0.18.
The company forecast fiscal Q3 revenue of $115 million to $124 million and authorized a new $50 million stock-repurchase program. Ambarella also expects to maintain its 59%–62% long-term gross-margin target despite rising supply-chain costs.
Ambarella raised its fiscal 2032 serviceable market forecast to $22.9 billion, citing expansion into edge infrastructure and AI accelerators such as the sampling X7. Partnerships with Capgemini and Macnica are intended to broaden enterprise and midsize-customer reach, though meaningful revenue is expected in two to three years.
3 Picks-and-Shovels Stocks Powering the Humanoid Robotics Buildout
#revenue #automotive
11 days ago
