Ambarella Q2 revenue $62.1M (-23% YoY), GAAP loss $0.79/share, non-GAAP loss $0.15/share

AMBARELLA INC

2024-Q2 EPS reported -$1.70 revenue$124,263,000

Revenue $62.1M, down 23% YoY from $80.9M; GAAP net loss $31.2M ($0.79 loss per diluted share).
Non-GAAP net loss $6.0M ($0.15 loss per share) vs. non-GAAP net income of $7.6M ($0.20 EPS) year ago.
Q3 FY2024 guidance: revenue ~$50M (±4%), non-GAAP gross margin 62%-64%, non-GAAP opex $46M-$49M.
Cash and marketable securities $216.5M, down from $227.4M prior quarter.
CEO cites aggressive customer inventory reduction; expects normalization by year-end for growth next fiscal year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

AMBARELLA INC reported second quarter of fiscal year 2024 ended July 31, 2023 results: revenue $62.1 million, net income GAAP net loss of $31.2 million, EPS loss per diluted ordinary share of $0.79.

Period: second quarter of fiscal year 2024 ended July 31, 2023
Revenue: $62.1 million
Net income: GAAP net loss of $31.2 million
EPS: loss per diluted ordinary share of $0.79
Result: reported results

Exact text from the filing

Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced financial results for its second quarter of fiscal year 2024 ended July 31, 2023. • Revenue for the second quarter of fiscal 2024 was $62.1 million, down 23% from $80.9 million in the same period in fiscal 2023.

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Source: SEC EDGAR

accession 0001193125-23-223867

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