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Jul 31, 2024

Ambarella Q2 2025 Earnings Report

Announced second quarter fiscal year 2025 financial results.

Key Takeaways

Ambarella reported revenue of $63.7 million for Q2 2025, a 3% increase compared to the same period last year. The GAAP net loss was $34.9 million, or $0.85 per diluted ordinary share, while the non-GAAP net loss was $5.5 million, or $0.13 per diluted ordinary share.

Revenue for the second quarter of fiscal 2025 was $63.7 million, up 3% from $62.1 million in the same period in fiscal 2024.

GAAP gross margin for the second quarter of fiscal 2025 was 60.8%, compared with 61.9% for the same period in fiscal 2024.

GAAP net loss for the second quarter of fiscal 2025 was $34.9 million, or loss per diluted ordinary share of $0.85, compared with GAAP net loss of $31.2 million, or loss per diluted ordinary share of $0.79, for the same period in fiscal 2024.

Non-GAAP net loss for the second quarter of fiscal 2025 was $5.5 million, or loss per diluted ordinary share of $0.13, compared with non-GAAP net loss of $6.0 million, or loss per diluted ordinary share of $0.15, for the same period in fiscal 2024.

Total Revenue
$63.7M
Previous year: $62.1M
+2.6%
EPS
-$0.13
Previous year: -$0.15
-13.3%
Gross Margin
60.8%
Previous year: 61.9%
-1.8%
Non-GAAP Gross Margin
63.3%
Previous year: 64.6%
-2.0%
Gross Profit
$38.7M
Previous year: $38.5M
+0.7%
Cash and Equivalents
$154M
Previous year: $123M
+25.6%
Total Assets
$650M
Previous year: $696M
-6.6%

Ambarella

Ambarella

Forward Guidance

Ambarella is offering the following guidance for the third quarter of fiscal year 2025, ending October 31, 2024: Revenue is expected to be between $77.0 million and $81.0 million. Gross margin on a non-GAAP basis is expected to be between 62.5% and 64.0%. Operating expenses on a non-GAAP basis are expected to be between $49.0 million and $51.0 million.

Positive Outlook

  • Revenue is expected to be between $77.0 million and $81.0 million.
  • Gross margin on a non-GAAP basis is expected to be between 62.5% and 64.0%.
  • Operating expenses on a non-GAAP basis are expected to be between $49.0 million and $51.0 million.