Ambarella, Inc. Announces Second Quarter Fiscal Year 2026 Financial Results
Ambarella (NASDAQ: AMBA), an edge AI semiconductor company, reported strong financial results for Q2 FY2026. Revenue reached $95.5 million, up 49.9% year-over-year, with non-GAAP net profit of $6.4 million ($0.15 per share) compared to a loss in the previous year.
The company's Q2 GAAP gross margin was 58.9%, while non-GAAP gross margin reached 60.5%. For Q3 FY2026, Ambarella projects revenue between $100.0-108.0 million with non-GAAP gross margin of 60.0-61.5%. The company has increased its FY2026 revenue growth estimate to 31-35%, targeting approximately $379 million.
Ambarella highlighted strong secular growth in the edge AI market, with over 36 million edge AI processors shipped to date. The company expects production shipments from its first robotic aerial drone win by FY2026 end and its first edge infrastructure deployment in FY2027.
Ambarella (NASDAQ: AMBA), azienda di semiconduttori per edge AI, ha registrato risultati finanziari solidi nel 2° trimestre dell'esercizio 2026. I ricavi sono saliti a $95,5 milioni, in aumento del 49,9% su base annua; l'utile netto non-GAAP è stato di $6,4 milioni (0,15$ per azione), rispetto a una perdita dello stesso periodo dell'anno precedente.
La marginalità lorda GAAP del 2° trimestre è stata del 58,9%, mentre la non-GAAP ha raggiunto il 60,5%. Per il 3° trimestre FY2026 Ambarella prevede ricavi tra $100,0 e $108,0 milioni e una marginalità lorda non-GAAP del 60,0-61,5%. L'azienda ha inoltre alzato la stima di crescita dei ricavi FY2026 al 31-35%, puntando a circa $379 milioni.
Ambarella ha sottolineato la forte crescita strutturale del mercato edge AI, avendo spedito finora oltre 36 milioni di processori edge AI. Prevede spedizioni produttive per la sua prima vittoria nel settore dei droni aerei robotici entro la fine del FY2026 e il primo deployment di infrastrutture edge nel FY2027.
Ambarella (NASDAQ: AMBA), compañía de semiconductores para edge AI, presentó sólidos resultados financieros en el 2.º trimestre del ejercicio 2026. Los ingresos alcanzaron los $95,5 millones, un aumento interanual del 49,9%; el beneficio neto non-GAAP fue de $6,4 millones (0,15$ por acción), frente a una pérdida en el mismo periodo del año anterior.
El margen bruto GAAP del 2.º trimestre fue del 58,9%, y el margen bruto non-GAAP llegó al 60,5%. Para el 3.º trimestre FY2026 Ambarella estima ingresos entre $100,0 y $108,0 millones y un margen bruto non-GAAP del 60,0-61,5%. La compañía ha elevado su previsión de crecimiento de ingresos para FY2026 al 31-35%, con un objetivo aproximado de $379 millones.
Ambarella destacó el fuerte crecimiento secular del mercado de edge AI, con más de 36 millones de procesadores edge AI enviados hasta la fecha. Espera envíos de producción de su primer contrato en drones aéreos robóticos para finales del FY2026 y su primer despliegue de infraestructura edge en FY2027.
Ambarella (NASDAQ: AMBA), 엣지 AI 반도체 기업이 FY2026 2분기에서 견조한 실적을 발표했습니다. 매출은 $95.5백만으로 전년 대비 49.9% 증가했으며, non-GAAP 순이익은 $6.4백만(주당 $0.15)으로 전년 동기 적자에서 흑자로 전환했습니다.
2분기 GAAP 총마진은 58.9%였고 non-GAAP 총마진은 60.5%였습니다. FY2026 3분기 매출은 $100.0~108.0백만을 예상하며 non-GAAP 총마진은 60.0~61.5%로 전망하고 있습니다. 회사는 FY2026 연간 매출 성장률 추정치를 31~35%로 상향 조정해 약 $379백만을 목표로 합니다.
Ambarella는 엣지 AI 시장의 구조적 성장세를 강조하며 현재까지 3,600만 개 이상의 엣지 AI 프로세서를 출하했다고 밝혔습니다. 첫 로봇형 공중 드론 수주에 대한 양산 출하를 FY2026 말까지, 첫 엣지 인프라 배포는 FY2027에 예상하고 있습니다.
Ambarella (NASDAQ: AMBA), entreprise de semi-conducteurs pour l'edge AI, a publié de solides résultats financiers pour le 2e trimestre de l'exercice 2026. Le chiffre d'affaires a atteint 95,5 M$, en hausse de 49,9% sur un an ; le bénéfice net non-GAAP s'est élevé à 6,4 M$ (0,15$ par action), contre une perte l'année précédente.
La marge brute GAAP du 2e trimestre était de 58,9%, la marge brute non-GAAP de 60,5%. Pour le 3e trimestre FY2026, Ambarella prévoit un chiffre d'affaires compris entre 100,0 et 108,0 M$ et une marge brute non-GAAP de 60,0 à 61,5%. La société a relevé sa prévision de croissance du chiffre d'affaires FY2026 à 31-35%, visant environ 379 M$.
Ambarella a souligné la forte croissance structurelle du marché de l'edge AI, avec plus de 36 millions de processeurs edge AI expédiés à ce jour. Elle s'attend à des livraisons de production pour sa première réussite dans les drones aériens robotiques d'ici la fin de FY2026 et à un premier déploiement d'infrastructure edge en FY2027.
Ambarella (NASDAQ: AMBA), ein Hersteller von Edge-AI-Halbleitern, legte starke Zahlen für das 2. Quartal des Geschäftsjahres 2026 vor. Der Umsatz stieg auf $95,5 Mio., ein Plus von 49,9% gegenüber dem Vorjahr; der non-GAAP-Nettogewinn betrug $6,4 Mio. (0,15$ je Aktie) im Gegensatz zu einem Verlust im Vorjahreszeitraum.
Die GAAP-Bruttomarge im 2. Quartal lag bei 58,9%, die non-GAAP-Bruttomarge bei 60,5%. Für das 3. Quartal FY2026 prognostiziert Ambarella Umsätze zwischen $100,0 und $108,0 Mio. und eine non-GAAP-Bruttomarge von 60,0–61,5%. Das Unternehmen hat die Umsatzwachstumsprognose für FY2026 auf 31–35% angehoben und peilt etwa $379 Mio. an.
Ambarella hob das starke strukturelle Wachstum im Edge-AI-Markt hervor und hat bislang über 36 Millionen Edge-AI-Prozessoren ausgeliefert. Produktionslieferungen für den ersten Erfolg im Bereich robotischer Luftdrohnen erwartet man bis Ende FY2026 und die erste Edge-Infrastruktur-Einführung für FY2027.
- Revenue increased significantly by 49.9% year-over-year to $95.5 million
- Achieved non-GAAP net profit of $6.4 million vs. previous year's loss
- Strong cash position with $261.2 million in cash and marketables
- Raised FY2026 revenue growth guidance to 31-35%
- Expanding market presence with new wins in robotic drones and edge infrastructure
- GAAP net loss of $20.0 million in Q2 FY2026
- Gross margin declined to 58.9% from 60.8% year-over-year
- Operating expenses expected to increase to $54.0-57.0 million in Q3
Insights
Ambarella delivers strong Q2 results with 50% revenue growth and turns non-GAAP profitable while raising full-year outlook.
Ambarella's Q2 fiscal 2026 results demonstrate a substantial turnaround with
The edge AI semiconductor company is experiencing accelerating momentum, with management raising full-year growth guidance to
While GAAP gross margin decreased slightly to
Ambarella's financial position remains solid with
The significant reduction in GAAP net loss (
SANTA CLARA, Calif., Aug. 28, 2025 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced financial results for its second quarter of fiscal year 2026 ended July 31, 2025.
- Revenue for the second quarter of fiscal 2026 was
$95.5 million , up49.9% from$63.7 million in the same period in fiscal 2025. For the six months ended July 31, 2025, revenue was$181.4 million , up53.5% from$118.2 million for the six months ended July 31, 2024. - Gross margin under U.S. generally accepted accounting principles (GAAP) for the second quarter of fiscal 2026 was
58.9% , compared with60.8% for the same period in fiscal 2025. For the six months ended July 31, 2025, GAAP gross margin was59.4% , compared with60.8% for the six months ended July 31, 2024. - GAAP net loss for the second quarter of fiscal 2026 was
$20.0 million , or loss per diluted ordinary share of$0.47 , compared with GAAP net loss of$34.9 million , or loss per diluted ordinary share of$0.85 , for the same period in fiscal 2025. GAAP net loss for the six months ended July 31, 2025 was 44.3 million or loss per diluted ordinary share of$1.05 . This compares with GAAP net loss of$72.8 million , or loss per diluted ordinary share of$1.78 , for the six months ended July 31, 2024.
Financial results on a non-GAAP basis for the second quarter of fiscal 2026 are as follows:
- Gross margin on a non-GAAP basis for the second quarter of fiscal 2026 was
60.5% , compared with63.3% for the same period in fiscal 2025. For the six months ended July 31, 2025, non-GAAP gross margin was61.2% , compared with63.3% for the six months ended July 31, 2024. - Non-GAAP net profit for the second quarter of fiscal 2026 was
$6.4 million , or earnings per diluted ordinary share of$0.15 . This compares with non-GAAP net loss of$5.5 million , or loss per diluted ordinary share of$0.13 , for the same period in fiscal 2025. Non-GAAP net profit for the six months ended July 31, 2025 was$9.5 million , or earnings per diluted ordinary share of$0.22 . This compares with non-GAAP net loss of$16.0 million , or loss per diluted ordinary share of$0.39 , for the six months ended July 31, 2024.
Based on information available as of today, Ambarella is offering the following guidance for the third quarter of fiscal year 2026, ending October 31, 2025:
- Revenue is expected to be between
$100.0 million and$108.0 million . - Gross margin on a non-GAAP basis is expected to be between
60.0% and61.5% . - Operating expenses on a non-GAAP basis are expected to be between
$54.0 million and$57.0 million .
Ambarella reports gross margin, net income (loss) and earnings (losses) per share in accordance with GAAP and, additionally, on a non-GAAP basis. Non-GAAP financial information excludes the impact of stock-based compensation and acquisition-related costs adjusted for the associated tax impact, which includes the effect of any benefits or shortfalls recognized. A reconciliation of the GAAP to non-GAAP gross margin, net income (loss) and earnings (losses) per share for the periods presented, as well as a description of the items excluded from the non-GAAP calculations, is included in the financial statements portion of this press release.
Total cash, cash equivalents and marketable debt securities on hand at the end of the second quarter of fiscal 2026 was
“We are experiencing strong secular growth in the edge AI market, with an expanding breadth of applications driving unit demand, often with our higher priced 5nm AI SoCs. For example, a variety of portable AI video applications have reached production status, and by the end of fiscal 2026 we expect to realize production shipments from our first robotic aerial drone win. Furthermore, our first edge infrastructure win is expected to enter production in fiscal 2027,” said Fermi Wang, President & CEO. “We are increasing our fiscal 2026 revenue growth estimate to a range of
Quarterly Conference Call
Ambarella plans to hold a conference call at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time today with Fermi Wang, President and Chief Executive Officer, and John Young, Chief Financial Officer, to discuss the second quarter of fiscal year 2026 results. A live and archived webcast of the call will be available on Ambarella’s website at http://www.ambarella.com/ for up to 30 days after the call.
About Ambarella
Ambarella’s products are used in a wide variety of edge AI and human vision applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver/cabin monitoring, autonomous driving and robotics applications. Ambarella’s low-power systems-on-chip (SoCs) provide powerful deep neural network processing to enable intelligent perception, fusion and planning, and offer high-resolution video compression, advanced image and radar processing. For more information, please visit www.ambarella.com.
"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements that are not historical facts and often can be identified by terms such as “outlook,” “projected,” “intends,” “will,” “estimates,” “anticipates,” “expects,” “believes,” “could,” “should,” or similar expressions, including the guidance for the third quarter of fiscal year 2026 ending October 31, 2025, and the comments of our CEO relating to our expectation of future revenue growth, including for the full year of fiscal 2026, the breadth and growth potential for our edge AI inference products, and the ability of our customers to go into production with edge AI products incorporating our solutions in a timely manner. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. Our actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of our future performance.
The risks and uncertainties referred to above include, but are not limited to, global economic and political conditions; changes in government policies, including possible trade tariffs and restrictions; revenue being generated from new customers or design wins, neither of which is assured; the commercial success of our customers’ products; our customers’ ability to manage their inventory requirements; our growth strategy; our ability to anticipate future market demands and future needs of our customers, particularly for AI inference applications; our ability to introduce, and to generate revenue from, new and enhanced solutions; our ability to develop, and to generate revenue from, new advanced technologies, such as computer vision, AI functionality and advanced networks, including vision-language models and GenAI; our ability to retain and expand customer relationships and to achieve design wins; the expansion of our current markets and our ability to successfully enter new markets and applications, such as edge infrastructure; anticipated trends and challenges, including competition, in the markets in which we operate; risks associated with global health conditions and associated risk mitigation measures; our ability to effectively manage growth; our ability to retain key employees; and the potential for intellectual property disputes or other litigation.
Further information on these and other factors that could affect our financial results is included in the company’s Annual Report on Form 10-K for our 2025 fiscal year, which is on file with the Securities and Exchange Commission. Additional information will also be set forth in the company’s quarterly reports on Form 10-Q, annual reports on Form 10-K and other filings the company makes with the Securities and Exchange Commission from time to time, copies of which may be obtained by visiting the Investor Relations portion of our web site at www.ambarella.com or the SEC's web site at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. The results we report in our Quarterly Report on Form 10-Q for the second fiscal quarter ended July 31, 2025 could differ from the preliminary results announced in this press release.
Ambarella assumes no obligation and does not intend to update the forward-looking statements made in this press release, except as required by law.
Non-GAAP Financial Measures
The company has provided in this release non-GAAP financial information, including non-GAAP gross margin, net income (loss), and earnings (losses) per share, as a supplement to the condensed consolidated financial statements, which are prepared in accordance with generally accepted accounting principles ("GAAP"). Management uses these non-GAAP financial measures internally in analyzing the company’s financial results to assess operational performance and liquidity. The company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning, forecasting and analyzing future periods. Further, the company believes these non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key financial metrics that the company uses in making operating decisions and because the company believes that investors and analysts use them to help assess the health of its business and for comparison to other companies. Non-GAAP results are presented for supplemental informational purposes only for understanding the company’s operating results. The non-GAAP information should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from non-GAAP measures used by other companies.
With respect to its financial results for the second quarter of fiscal year 2026, the company has provided below reconciliations of its non-GAAP financial measures to its most directly comparable GAAP financial measures. With respect to the company’s expectations for the third quarter of fiscal year 2026, a reconciliation of non-GAAP gross margin and non-GAAP operating expenses guidance to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability and low visibility with respect to the charges excluded from these non-GAAP measures. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.
| AMBARELLA, INC. | ||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||
| (in thousands, except share and per share data) | ||||||||||||||||
| (unaudited) | ||||||||||||||||
| Three Months Ended July 31, | Six Months Ended July 31, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Revenue | $ | 95,511 | $ | 63,724 | $ | 181,383 | $ | 118,197 | ||||||||
| Cost of revenue | 39,280 | 24,983 | 73,616 | 46,296 | ||||||||||||
| Gross profit | 56,231 | 38,741 | 107,767 | 71,901 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 59,734 | 56,760 | 118,553 | 110,897 | ||||||||||||
| Selling, general and administrative | 18,486 | 18,268 | 37,061 | 36,736 | ||||||||||||
| Total operating expenses | 78,220 | 75,028 | 155,614 | 147,633 | ||||||||||||
| Loss from operations | (21,989 | ) | (36,287 | ) | (47,847 | ) | (75,732 | ) | ||||||||
| Other income, net | 2,247 | 2,145 | 4,422 | 4,416 | ||||||||||||
| Loss before income taxes | (19,742 | ) | (34,142 | ) | (43,425 | ) | (71,316 | ) | ||||||||
| Provision for income taxes | 253 | 747 | 898 | 1,505 | ||||||||||||
| Net loss | $ | (19,995 | ) | $ | (34,889 | ) | $ | (44,323 | ) | $ | (72,821 | ) | ||||
| Net loss per share attributable to ordinary shareholders: | ||||||||||||||||
| Basic | $ | (0.47 | ) | $ | (0.85 | ) | $ | (1.05 | ) | $ | (1.78 | ) | ||||
| Diluted | $ | (0.47 | ) | $ | (0.85 | ) | $ | (1.05 | ) | $ | (1.78 | ) | ||||
| Weighted-average shares used to compute net loss per share | ||||||||||||||||
| attributable to ordinary shareholders: | ||||||||||||||||
| Basic | 42,546,979 | 41,129,754 | 42,383,475 | 40,952,373 | ||||||||||||
| Diluted | 42,546,979 | 41,129,754 | 42,383,475 | 40,952,373 | ||||||||||||
The following tables present details of stock-based compensation and acquisition-related costs included in each functional line item in the condensed consolidated statements of operations above:
| Three Months Ended July 31, | Six Months Ended July 31, | ||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||
| (unaudited, in thousands) | |||||||||||
| Stock-based compensation: | |||||||||||
| Cost of revenue | $ | 780 | $ | 833 | $ | 1,731 | $ | 1,440 | |||
| Research and development | 16,972 | 18,395 | 34,557 | 36,016 | |||||||
| Selling, general and administrative | 7,436 | 8,384 | 15,030 | 16,192 | |||||||
| Total stock-based compensation | $ | 25,188 | $ | 27,612 | $ | 51,318 | $ | 53,648 | |||
| Three Months Ended July 31, | Six Months Ended July 31, | ||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||
| (unaudited, in thousands) | |||||||||||
| Acquisition-related costs: | |||||||||||
| Cost of revenue | $ | 757 | $ | 757 | $ | 1,514 | $ | 1,514 | |||
| Research and development | — | — | — | — | |||||||
| Selling, general and administrative | 456 | 530 | 912 | 1,050 | |||||||
| Total acquisition-related costs | $ | 1,213 | $ | 1,287 | $ | 2,426 | $ | 2,564 | |||
The difference between GAAP and non-GAAP gross margin was
| AMBARELLA, INC. | |||||||||||||||
| RECONCILIATION OF GAAP TO NON-GAAP DILUTED EARNINGS (LOSSES) PER SHARE | |||||||||||||||
| (in thousands, except share and per share data) | |||||||||||||||
| Three Months Ended July 31, | Six Months Ended July 31, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| (unaudited) | |||||||||||||||
| GAAP net loss | $ | (19,995 | ) | $ | (34,889 | ) | $ | (44,323 | ) | $ | (72,821 | ) | |||
| Non-GAAP adjustments: | |||||||||||||||
| Stock-based compensation expense | 25,188 | 27,612 | 51,318 | 53,648 | |||||||||||
| Acquisition-related costs | 1,213 | 1,287 | 2,426 | 2,564 | |||||||||||
| Income tax effect | 22 | 448 | 36 | 600 | |||||||||||
| Non-GAAP net income (loss) | $ | 6,428 | $ | (5,542 | ) | $ | 9,457 | $ | (16,009 | ) | |||||
| GAAP - diluted weighted average shares | 42,546,979 | 41,129,754 | 42,383,475 | 40,952,373 | |||||||||||
| Non-GAAP - diluted weighted average shares | 42,946,324 | 41,129,754 | 42,698,780 | 40,952,373 | |||||||||||
| GAAP - diluted net loss per share | $ | (0.47 | ) | $ | (0.85 | ) | $ | (1.05 | ) | $ | (1.78 | ) | |||
| Non-GAAP adjustments: | |||||||||||||||
| Stock-based compensation expense | 0.59 | 0.68 | 1.21 | 1.32 | |||||||||||
| Acquisition-related costs | 0.03 | 0.03 | 0.06 | 0.06 | |||||||||||
| Income tax effect | 0.00 | 0.01 | 0.00 | 0.01 | |||||||||||
| Effect of Non-GAAP - diluted weighted average shares | — | — | — | — | |||||||||||
| Non-GAAP - diluted net income (loss) per share | $ | 0.15 | $ | (0.13 | ) | $ | 0.22 | $ | (0.39 | ) | |||||
| AMBARELLA, INC. | |||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
| (unaudited, in thousands) | |||||||
| July 31, | January 31, | ||||||
| 2025 | 2025 | ||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 142,739 | $ | 144,622 | |||
| Marketable debt securities | 118,444 | 105,643 | |||||
| Accounts receivable, net | 42,896 | 29,767 | |||||
| Inventories | 33,808 | 34,428 | |||||
| Restricted cash | 442 | 7 | |||||
| Prepaid expenses and other current assets | 5,543 | 6,084 | |||||
| Total current assets | 343,872 | 320,551 | |||||
| Property and equipment, net | 10,092 | 9,084 | |||||
| Intangible assets, net | 41,879 | 47,279 | |||||
| Operating lease right-of-use assets, net | 3,500 | 5,188 | |||||
| Goodwill | 303,625 | 303,625 | |||||
| Other non-current assets | 3,463 | 3,241 | |||||
| Total assets | $ | 706,431 | $ | 688,968 | |||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||
| Current liabilities: | |||||||
| Accounts payable | 26,783 | 21,775 | |||||
| Accrued and other current liabilities | 76,190 | 80,781 | |||||
| Operating lease liabilities, current | 1,774 | 2,829 | |||||
| Income taxes payable | 1,713 | 1,383 | |||||
| Deferred revenue, current | 19,482 | 14,226 | |||||
| Total current liabilities | 125,942 | 120,994 | |||||
| Operating lease liabilities, non-current | 1,668 | 2,436 | |||||
| Other long-term liabilities | 2,301 | 4,126 | |||||
| Total liabilities | 129,911 | 127,556 | |||||
| Shareholders' equity: | |||||||
| Preference shares | — | — | |||||
| Ordinary shares | 19 | 19 | |||||
| Additional paid-in capital | 872,822 | 813,683 | |||||
| Accumulated other comprehensive income (loss) | 59 | (233 | ) | ||||
| Accumulated deficit | (296,380 | ) | (252,057 | ) | |||
| Total shareholders’ equity | 576,520 | 561,412 | |||||
| Total liabilities and shareholders' equity | $ | 706,431 | $ | 688,968 | |||
Contact:
Louis Gerhardy
408.636.2310
lgerhardy@ambarella.com
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