Ambarella Q2 2022 Earnings Report
Key Takeaways
Ambarella reported revenue of $79.3 million, a 58% increase year-over-year. The company's non-GAAP net income was $13.1 million, or $0.35 per diluted share, compared to $2.1 million, or $0.06 per diluted share, for the same period last year.
Revenue for the second quarter of fiscal 2022 was $79.3 million, up 58% from $50.1 million in the same period in fiscal 2021.
GAAP gross margin for the second quarter of fiscal 2022 was 62.3%, compared with 61.8% for the same period in fiscal 2021.
Non-GAAP net income for the second quarter of fiscal 2022 was $13.1 million, or earnings per diluted ordinary share of $0.35.
Total cash, cash equivalents and marketable debt securities on hand at the end of the second quarter of fiscal 2022 was $449.2 million.
Ambarella
Ambarella
Forward Guidance
Ambarella is offering the following guidance for the third quarter of fiscal year 2022, ending October 31, 2021: Revenue is expected to be between $88.0 million and $92.0 million. Gross margin on a non-GAAP basis is expected to be between 61.0% and 63.0%. Operating expenses on a non-GAAP basis are expected to be between $36.0 million and $37.5 million.
Positive Outlook
- Revenue is expected to be between $88.0 million and $92.0 million.
- Gross margin on a non-GAAP basis is expected to be between 61.0% and 63.0%.
- Operating expenses on a non-GAAP basis are expected to be between $36.0 million and $37.5 million.