secwatch.observer — SEC 8-K summary
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Issuer:     AMBARELLA INC (AMBA)
CIK:        0001280263
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001193125-24-150359
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ambarella Q1 revenue $54.5M (-12% YoY), GAAP loss $0.93; guides Q2 rev $60-64M
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- Revenue $54.5M, down 12% YoY from $62.1M; GAAP net loss $37.9M vs $35.9M loss YoY.
- Non-GAAP net loss $10.5M ($0.26 EPS) vs $6.0M loss ($0.15 EPS) YoY.
- Cash & equivalents $203.3M, down from $219.9M prior quarter and $227.4M year ago.
- Q2 guidance: revenue $60-64M, non-GAAP gross margin 62.5-64.0%, OpEx $47.5-49.5M.
- First CV3-AD win at EV passenger OEM; additional CV3-AD win in commercial vehicles; multiple IoT AI wins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280263/000119312524150359/0001193125-24-150359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280263/000119312524150359/d786666d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-150359

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