Ambarella Inc. ( (AMBA) ) has released its Q1 earnings. Here is a breakdown of the information Ambarella Inc. presented to its investors.
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Ambarella Inc., a leading edge AI semiconductor company, specializes in developing low-power systems-on-chip (SoCs) for applications such as video security, advanced driver assistance systems, and robotics.
In its first quarter of fiscal year 2026, Ambarella reported a significant increase in revenue, reaching $85.9 million, a 57.6% rise compared to the same period last year. Despite this revenue growth, the company experienced a GAAP net loss of $24.3 million, though this was an improvement from the previous year’s loss.
Key financial highlights include a non-GAAP net profit of $3.0 million, marking a turnaround from a loss in the previous year. The company also reported a gross margin of 60.0% under GAAP and 62.0% on a non-GAAP basis. Ambarella’s cash reserves increased to $259.4 million, and the company continued its share repurchase program.
Looking ahead, Ambarella projects revenue for the second quarter of fiscal 2026 to be between $86.0 million and $94.0 million, with a non-GAAP gross margin expected between 60.5% and 62.0%. The company remains focused on expanding its edge AI infrastructure market presence and anticipates continued innovation in its AI silicon and software architecture.