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Apr 30, 2022
Ambarella Q1 2023 Earnings Report
Announced first quarter fiscal year 2023 financial results.
Key Takeaways
Ambarella's Q1 2023 revenue reached $90.3 million, a 29% increase from the previous year. The company's GAAP net loss was $10.8 million, with a non-GAAP net income of $17.1 million.
Revenue for Q1 2023 was $90.3 million, up 29% year-over-year.
GAAP gross margin was 62.6%, compared to 62.4% in the same period last year.
GAAP net loss was $10.8 million, or $0.29 per diluted share.
Non-GAAP net income was $17.1 million, or $0.44 per diluted share.
Forward Guidance
For the second quarter of fiscal year 2023, Ambarella expects revenue between $78.0 million and $82.0 million, and non-GAAP gross margin between 63.0% and 64.0%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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