Ambarella Inc Stock Price, News & Analysis

Ambarella announced that its Oculii™ AI 4D imaging radar technology is deployed in the 2023 and 2024 Lotus Eletre electric hyper-SUV and the 2024 Lotus Emeya fully electric hyper-GT. The technology enhances L2+ semi-autonomous systems, providing ultra-long detection range of over 300 meters and ultra-fine angular resolution of one degree using only six transmit and eight receive antennas on each of the vehicles' two radar modules.

This high-performance radar technology supports features like highway and urban navigation on autopilot (NOA) and automatic emergency braking (AEB). Ambarella's Oculii AI radar algorithms uniquely adapt radar waveforms to the environment, enabling higher resolution with fewer antennas, reducing power consumption and complexity. Lotus is now evaluating Ambarella's centralized radar processing architecture for even greater ADAS and autonomous performance.

Ambarella, Inc. (NASDAQ: AMBA) reported financial results for Q2 FY2025. Revenue was $63.7 million, up 3% year-over-year. GAAP net loss was $34.9 million, or $0.85 per diluted share. Non-GAAP net loss was $5.5 million, or $0.13 per diluted share. Gross margin (GAAP) was 60.8%, while non-GAAP gross margin was 63.3%.

For Q3 FY2025, Ambarella expects revenue between $77.0-$81.0 million and non-GAAP gross margin between 62.5-64.0%. The company achieved record revenue for edge AI inference products and anticipates double-digit sequential growth in Q3. CEO Fermi Wang noted that company-specific drivers are offsetting the mixed global economic environment, with initial revenue ramps from IoT and Automotive customers.

Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, has announced its upcoming second quarter fiscal year 2025 earnings conference call. The call is scheduled for Tuesday, August 27, 2024, at 1:30 p.m. Pacific Time. Ambarella will release its earnings report after the market closes on the same day. Interested participants are required to register online in advance to receive dial-in numbers and a personal identification number (PIN) for call access. A live webcast of the conference call and a replay will be available on the company's investor relations website.

Ambarella (NASDAQ: AMBA) and Plus have announced the availability of PlusVision™, a high-performance transformer-based autonomous driving (AD) perception software stack, on Ambarella's CV3-AD AI domain controller family. This collaboration aims to accelerate the development of L2+/L3 autonomy across vehicle models with uniform perception software.

Key highlights:

• PlusVision combines Plus's L4 perception capabilities with extensive real-world driving data
• The software stack can process 11 cameras simultaneously at 30 fps on a mid-range CV3-AD655 SoC
• Provides over 200 meters of front-camera detection range
• CV3-AD SoCs offer industry-leading AI performance per watt, benefiting electric vehicle battery range
• Optimized for Ambarella's CVflow® AI engine, delivering high performance with low latency and power consumption

Leapmotor and Ambarella have announced a strategic cooperation agreement aimed at enhancing intelligent driving technology for electric vehicles. Leapmotor will integrate Ambarella's CV3-AD automotive AI domain controller SoCs into its new passenger vehicles. These advanced SoCs are built on 5nm technology, support ASIL-B/D safety standards, and provide high-performance AI capabilities with low power consumption. The partnership aims to create superior, affordable intelligent driving experiences globally. Leapmotor's founder highlighted the synergy of technology and intelligence in their products, while Ambarella emphasized the importance of high AI performance and low power consumption in modern electric vehicles.

Ambarella, an edge AI semiconductor company, reported its financial results for Q1 FY2025 ending April 30, 2024. Revenue was $54.5 million, a 12% drop from $62.1 million in Q1 FY2024. GAAP gross margin increased slightly to 60.9%, up from 60.4%. The GAAP net loss widened to $37.9 million, or $0.93 per share, from $35.9 million, or $0.91 per share, a year earlier. On a non-GAAP basis, gross margin was 63.4%, up from 63.1%, and net loss was $10.5 million, or $0.26 per share, compared to $6.0 million, or $0.15 per share, in Q1 FY2024. Ambarella's guidance for Q2 FY2025 forecasts revenue between $60 million and $64 million, and non-GAAP gross margin between 62.5% and 64%.

The company has $203.3 million in cash and marketable securities, down from $219.9 million in the previous quarter and $227.4 million a year ago. CEO Fermi Wang noted early signs of AI inferencing growth at the network edge and several new customer wins in AI applications for EV passenger and commercial vehicles, as well as IoT markets.

Ambarella announced its latest AI systems-on-chip (SoCs), the CV75AX and CV72AX, at AutoSens USA. Aimed at in-vehicle fleet telematics systems, these new 5nm SoCs provide enhanced AI performance without fan cooling. The CV75AX offers up to 2x the AI performance of its predecessor and supports front-facing ADAS and DMS, while the CV72AX supports up to 10 cameras and offers 6x AI performance improvements for vision transformers and VLMs. Both SoCs feature Ambarella’s CVflow® 3.0 AI engine, doubled CPU performance, and are built on a 5nm FinFET process. They are also compatible with Ambarella’s Cooper Developer Platform for accelerated development.

Ambarella, Inc. will hold its first quarter fiscal year 2025 earnings conference call on May 30, 2024, at 1:30 p.m. (Pacific Time). Earnings release to follow after market close. Registration required to ask questions. Webcast available.

Neusoft Reach and Ambarella have formed a strategic partnership to advance autonomous driving and intelligent automotive technology. The collaboration aims to leverage the strengths of both companies in areas such as automotive software, AI, and SoC products to drive innovation and market development. Through joint efforts, they have successfully launched products for intelligent driving functions and safety upgrades, with plans for future high-performance AI domain control solutions.