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Jul 31, 2020
Ambarella Q2 2021 Earnings Report
Reported a decrease in revenue but an increase in gross margin compared to the same period last year.
Key Takeaways
Ambarella announced its Q2 fiscal year 2021 financial results, with revenue of $50.1 million, a GAAP net loss of $14.8 million, and a non-GAAP net income of $2.1 million.
Revenue for the second quarter of fiscal 2021 was $50.1 million, down 11.2% from $56.4 million in the same period in fiscal 2020.
GAAP gross margin for the second quarter of fiscal 2021 was 61.8%, compared with 57.5% for the same period in fiscal 2020.
GAAP net loss for the second quarter of fiscal 2021 was $14.8 million, compared with GAAP net loss of $10.2 million for the same period in fiscal 2020.
Non-GAAP net income for the second quarter of fiscal 2021 was $2.1 million, compared with adjusted non-GAAP net income of $7.6 million for the same period in fiscal 2020.
Forward Guidance
For the third quarter of fiscal year 2021, Ambarella expects revenue to be between $52.0 million and $56.0 million and non-GAAP gross margin to be between 60.0% and 62.0%.
Positive Outlook
- Revenue is expected to be between $52.0 million and $56.0 million.
- Gross margin on a non-GAAP basis is expected to be between 60.0% and 62.0%.
Challenges Ahead
- Operating expenses on a non-GAAP basis are expected to be between $31.0 million and $33.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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