secwatch.observer — SEC 8-K summary
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Issuer:     AMBARELLA INC (AMBA)
CIK:        0001280263
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001193125-23-156616
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ambarella Q1 FY2024 revenue $62.1M, down 31% YoY; GAAP EPS -$0.91, non-GAAP -$0.15
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- Revenue of $62.1M, down 31% from $90.3M YoY; GAAP gross margin 60.4% vs 62.6%.
- GAAP net loss of $35.9M (-$0.91 per diluted share), compared to net loss of $10.8M (-$0.29) in Q1 FY2023.
- Non-GAAP net loss of $6.0M (-$0.15), vs non-GAAP net income of $17.1M ($0.44) last year.
- Q2 FY2024 guidance: revenue $60-64M, non-GAAP gross margin 62.5-64.5%, non-GAAP opex $48-50M.
- Announced first CV3 platform win with Continental for L4 commercial vehicle; CV72 5nm derivative introduced.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280263/000119312523156616/0001193125-23-156616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280263/000119312523156616/d466710d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-156616

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