Ambarella, Inc. Announces First Quarter Fiscal Year 2027 Financial Results

Ambarella, Inc. reported its financial results for the first quarter of fiscal year 2027, ending April 30, 2026. Revenue increased by 16.9% to $100.4 million compared to the same period in fiscal 2026. The GAAP gross margin was 58.4%, a decrease from 60.0% in the prior year, and the company reported a GAAP net loss of $18.1 million, or $0.41 per diluted share. On a non-GAAP basis, the gross margin was 59.9%, and the company achieved a net profit of $5.0 million, or $0.11 per diluted share. For the second quarter of fiscal year 2027, Ambarella anticipates revenue between $105.0 million and $111.0 million, with a non-GAAP gross margin expected to be between 59.0% and 60.5%. The company also announced a new $50.0 million stock repurchase program. Total cash, cash equivalents, and marketable debt securities were $277.8 million at the end of the quarter. The CEO expressed optimism about the company's edge AI platform and market position, particularly with new products targeting more complex AI workloads.