Ambarella Q1 2024 Earnings Report

Ambarella EPS Results

• Actual EPS: -$0.15
• Consensus EPS: -$0.20
• Beat/Miss: Beat by +$0.05
• One Year Ago EPS: -$0.27

Ambarella Revenue Results

• Actual Revenue: $62.10 million
• Expected Revenue: $61.99 million
• Beat/Miss: Beat by +$110.00 thousand
• YoY Revenue Growth: -31.20%

Ambarella Announcement Details

• Quarter: Q1 2024
• Date: 5/30/2023
• Time: After Market Closes

Ambarella (NASDAQ:AMBA) develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. Its solutions are used in automotive cameras, such as automotive video recorders, electronic mirrors, front advanced driver assistance system camera, cabin monitoring system and driver monitoring system camera, and central domain controllers for autonomous vehicle; enterprise and public class, and home security camera; and robotics and industrial application, including identification/authentication cameras, robotic products, and sensing cameras, as well as cameras for the enterprise, home, public spaces, and consumer leisure comprising wearable body cameras, sports action cameras, social media cameras, drones for capturing aerial video or photographs, video conferencing, and virtual reality applications. The company sells its solutions to original design manufacturers and original equipment manufacturers through its direct sales force and distributors. Ambarella, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.