secwatch.observer — SEC 8-K summary
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Issuer:     AMBARELLA INC (AMBA)
CIK:        0001280263
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001193125-23-223867
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280263/000119312523223867/0001193125-23-223867-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280263/000119312523223867/d524972d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-223867

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