Welcome to our dedicated page for Ambarella news (Ticker: AMBA), a resource for investors and traders seeking the latest updates and insights on Ambarella stock.
Ambarella Inc (AMBA) delivers cutting-edge semiconductor solutions powering AI-driven video processing and intelligent edge computing across automotive, security, and IoT markets. This dedicated news hub provides investors and industry professionals with centralized access to official company announcements and market-moving developments.
Track Ambarella's latest press releases, including product innovations in computer vision SoCs, strategic partnerships enhancing edge AI capabilities, and financial performance updates reflecting growth in key verticals. Our curated feed simplifies monitoring of critical updates spanning:
- Next-generation video compression breakthroughs
- Automotive safety system advancements
- AI chipset deployments in smart surveillance
- Technology licensing agreements
- Financial results and corporate milestones
Bookmark this page for streamlined access to Ambarella's evolving role in enabling high-performance, energy-efficient solutions for autonomous vehicles, smart cities, and advanced imaging systems. Check regularly for authoritative updates directly impacting the semiconductor and edge computing sectors.
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.
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