secwatch.observer — SEC 8-K summary
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Issuer:     AMBARELLA INC (AMBA)
CIK:        0001280263
Form:       8-K
Filed at:   2022-05-31T23:59:59+00:00
Accession:  0001193125-22-163976
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ambarella Q1 FY2023 revenue $90.3M (+29% YoY); GAAP net loss $10.8M, guides Q2 revenue $78-82M
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- Revenue $90.3M, up 29% from $70.1M YoY; GAAP net loss $10.8M ($0.29 loss per share).
- Non-GAAP net income $17.1M ($0.44 per diluted share) vs $8.9M ($0.23) YoY.
- Q2 FY2023 guidance: revenue $78-82M, non-GAAP gross margin 63-64%, non-GAAP OPEX $42-45M.
- CEO cites China lockdown disrupting orders; CV3 silicon received, sampling over summer.
- Board extended share repurchase program through June 30, 2023; ~$49M available.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280263/000119312522163976/0001193125-22-163976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280263/000119312522163976/d328386d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-163976

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer