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Apr 30, 2025
Ambarella Q1 2026 Earnings Report
Ambarella reported its Q1 FY2026 results with a notable year-over-year revenue growth and a return to non-GAAP profitability.
Key Takeaways
Ambarella delivered a strong Q1 FY2026 with a 58% revenue increase year-over-year and posted a non-GAAP net income of $3.0 million, though it still recorded a GAAP net loss of $24.3 million.
Revenue reached $85.9 million, a 57.6% increase from the prior year.
GAAP net loss narrowed significantly to $24.3 million from $37.9 million last year.
Non-GAAP net income turned positive at $3.0 million, compared to a loss last year.
Cash, cash equivalents, and marketable debt securities totaled $259.4 million at quarter end.
Forward Guidance
For Q2 FY2026, Ambarella expects revenue between $86M and $94M, and non-GAAP gross margin between 60.5% and 62.0%.
Positive Outlook
- Revenue guidance range reflects continued demand strength.
- Non-GAAP gross margin projected to remain above 60%.
- R&D innovation cited as core strength.
- Fourth consecutive quarter of record AI revenue.
- Fiscal 2026 revenue growth guidance increased to 19%–25%.
Challenges Ahead
- Ongoing uncertain geopolitical environment.
- Stock-based compensation remains high.
- GAAP results still reflect operating losses.
- Non-GAAP profitability improvement still modest.
- Macroeconomic risks could impact future demand.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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