Ambarella reports revenue growth in Q2 FY 2025, optimistic about future growth with new products

From GlobeNewswire: 2024-08-27 16:05:00

Ambarella, Inc. announced revenue of $63.7 million for the second quarter of fiscal year 2025, up 3% from the same period in fiscal 2024. Gross margin for this quarter was 60.8%. GAAP net loss was $34.9 million. Non-GAAP net loss was $5.5 million. Cash on hand was $219.8 million at the end of the quarter.

Ambarella expects revenue between $77.0 million and $81.0 million for the third quarter of fiscal year 2025. Gross margin is expected to be between 62.5% and 64.0%. Operating expenses are expected to be between $49.0 million and $51.0 million. The company is optimistic about future growth due to new products and advances in AI technology.

The company’s products are used in various applications such as video security, advanced driver assistance systems, and robotics. Ambarella plans to discuss its financial results in a conference call today. CEO Fermi Wang is anticipating double-digit revenue growth in the next quarter. The company is focused on expanding its current market and entering new markets, including automotive and robotics.



Read more at GlobeNewswire:: Ambarella, Inc. Announces Second Quarter Fiscal Year 2025