Ambarella, Inc. reported revenue of $108.5 million for the third quarter of fiscal year 2026, a 31.2% increase from the same period in fiscal 2025. Gross margin was 59.6% on a GAAP basis. Non-GAAP net profit was $11.9 million for the quarter. Cash, cash equivalents, and marketable debt securities totaled $295.3 million. CEO Fermi Wang expressed optimism for future growth, projecting a record revenue growth of 36-38% for fiscal year 2026.

For the fourth quarter of fiscal year 2026, Ambarella expects revenue between $97.0 million and $103.0 million, with a gross margin of 59.0-60.5% on a non-GAAP basis. Operating expenses are projected to be between $55.0 million and $58.0 million. The company’s products cater to various edge AI applications, such as video security, autonomous driving, and drones, offering high-resolution video compression and deep neural network processing capabilities.

Ambarella’s financial results are reported on both GAAP and non-GAAP bases. Non-GAAP adjustments exclude stock-based compensation and acquisition-related costs. The company’s non-GAAP net income for the third quarter was $11.9 million. Reconciliations of GAAP to non-GAAP financial measures are provided. The company’s balance sheet shows total assets of $751.9 million. CEO Fermi Wang highlighted a positive outlook for future revenue growth and product demand across edge AI applications.

Read more at GlobeNewswire: Ambarella, Inc. Announces Third Quarter Fiscal Year 2026