Quarterly ResultMay 28, 2026, 04:14 PM
Ambarella Q1 Revenue $100.4M, Non-GAAP Profit $5.0M; New $50M Buyback
AI Summary
Ambarella, Inc. announced its first quarter fiscal year 2027 financial results, reporting revenue of $100.4 million, a 16.9% increase year-over-year. The company's GAAP net loss improved to $18.1 million, while non-GAAP net profit rose to $5.0 million. Ambarella also provided positive guidance for the second quarter of fiscal year 2027, expecting revenue between $105.0 million and $111.0 million, and authorized a new $50.0 million share repurchase program.
Key Highlights
- Q1 FY27 revenue was $100.4 million, a 16.9% increase from $85.9 million in Q1 FY26.
- Q1 FY27 GAAP net loss improved to $18.1 million ($0.41 per diluted share) from $24.3 million ($0.58 per diluted share) in Q1 FY26.
- Q1 FY27 non-GAAP net profit was $5.0 million ($0.11 per diluted share), up from $3.0 million ($0.07 per diluted share) in Q1 FY26.
- Q1 FY27 GAAP gross margin was 58.4%, down from 60.0% in Q1 FY26.
- Q2 FY27 revenue guidance is between $105.0 million and $111.0 million.
- Board authorized a new $50.0 million share repurchase program through June 30, 2027.
- Automotive revenue achieved a new all-time record in Q1 FY27.
- Total cash, cash equivalents, and marketable debt securities were $277.8 million.
Price Impact
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