Ambarella Inc Stock Price, News & Analysis

Kodiak Robotics, a leader in self-driving trucking, announces a partnership with Ambarella (NASDAQ: AMBA) to enhance its autonomous trucks. At the 2023 Consumer Electronics Show (CES) in Las Vegas, Kodiak will showcase a self-driving truck equipped with Ambarella's CV2AQ AI perception system, which optimizes camera data processing. The integration of this technology is aimed at commercializing higher autonomy levels in trucking. Ambarella's proven supply chain and focus on advanced processors align with Kodiak's vision for safer and more efficient freight transportation.

Ambarella, Autobrains, and Seeing Machines have formed a strategic collaboration to create an integrated advanced driver assistance system (ADAS) and driver monitoring system (DMS). This solution combines multiple safety systems in a single box using a system-on-chip (SoC), enabling automakers to enhance vehicle safety while reducing power consumption and thermal management needs. The joint offering features a forward-facing camera of up to 8MP and an in-cabin camera of up to 5MP, aiming to meet industry standards and regulations efficiently.

Ambarella and Applied Intuition announced a partnership at CES 2023 to enhance autonomous vehicle development. This collaboration leverages Ambarella's CV3-AD PCIe hardware-in-the-loop (HIL) card alongside Applied's simulation software, streamlining the testing process for ADAS and AV. The joint solution allows for cost-effective and efficient HIL testing by eliminating dependency on electronic control units (ECUs). As semiconductor shortages impede access to traditional ECUs, this partnership aims to accelerate time-to-production by providing a scalable testing environment.

Ambarella, Inc. (NASDAQ: AMBA) has unveiled a groundbreaking centralized 4D imaging radar architecture utilizing its Oculii™ Adaptive AI Radar Software and 5nm CV3 AI Domain Control SoCs. This architecture allows unprecedented real-time processing and fusion of radar data with other sensor inputs, enhancing environmental perception for ADAS and autonomous driving applications. Ambarella's solution is designed to be significantly more power-efficient while offering high angular resolution and extended detection range, addressing growing demands in the automotive sector.

Ambarella, Inc. (NASDAQ: AMBA) reported a 10% decline in third-quarter revenue for fiscal 2023, totaling $83.1 million, compared to $92.2 million in the same period last year. However, revenue for the nine months increased by 5% to $254.3 million. The company faced a net loss of $19.8 million for the third quarter, a significant drop from a profit of $0.8 million a year prior. Despite challenges, Ambarella anticipates fourth-quarter revenue between $81 million to $85 million, and operational focus remains on edge AI products, with a projected 28% growth in automotive revenue.

Ambarella and INVO Tech have announced the mass production of the Cockpit Super Sensory Interactive System, utilizing the CV25AQ AI perception SoC. This system has been integrated into GAC Motor's first self-developed hybrid SUV, the Emkoo, enhancing safety through advanced multi-sensor technology. The Emkoo features an impressive range of 1,711 kilometers and fuel efficiency of 3.2L/100km. The interactive system includes driver monitoring and fatigue detection capabilities, complying with Euro NCAP 2025 standards, ensuring reliability and safety in complex driving conditions.

Ambarella, Inc. (NASDAQ: AMBA) will hold its Q3 FY2023 earnings conference call on December 1st at 1:30 p.m. PT. The earnings release will be issued after market close the same day. Interested parties must register for the call. A live webcast and replay will be accessible at investor.ambarella.com.

Ambarella has partnered with eInfochips to enhance AI perception-based product development. This collaboration aims to advance design services for AI camera products utilizing Ambarella’s CVflow® edge AI SoC platform. With the IoT market expected to grow significantly, the partnership will accelerate development across fields such as robotics and security. Together, they offer services including multi-sensor camera designs and AI algorithm porting. This synergy seeks to tap into a projected 12% market penetration of deep learning technologies by 2028.

Ambarella, Inc. (NASDAQ: AMBA) reported Q2 fiscal 2023 revenue of $80.9 million, a 2% increase from the prior year. For the first half of the fiscal year, revenue rose 15% to $171.2 million. Gross margin improved to 63.1%. However, net loss for Q2 was $23.7 million, compared to a $7.2 million loss in Q2 fiscal 2022. Non-GAAP net income was $7.6 million, a decrease from $13.1 million year-over-year. For Q3, Ambarella projects revenue between $81 million and $85 million with gross margins of 63%-64%.