Ambarella Q3 2021 Earnings Report
Key Takeaways
Ambarella's Q3 2021 revenue was $56.1 million, a 17.4% decrease from Q3 2020. The company reported a GAAP net loss of $17.1 million, or $0.49 per diluted share, compared to a net loss of $4.3 million, or $0.13 per diluted share in the same period last year. Non-GAAP net income was $3.3 million, or $0.09 per diluted share, compared to $11.3 million, or $0.32 per diluted share in Q3 2020.
Q3 2021 revenue was $56.1 million, down 17.4% year-over-year.
GAAP gross margin was 62.0%, compared to 57.6% in the same period last year.
GAAP net loss was $17.1 million, or $0.49 per diluted share.
Non-GAAP net income was $3.3 million, or $0.09 per diluted share.
Ambarella
Ambarella
Forward Guidance
For the fourth quarter of fiscal year 2021, Ambarella expects revenue to be between $56.0 million and $60.0 million, and non-GAAP gross margin to be between 59.0% and 61.0%. Non-GAAP operating expenses are expected to be between $31.0 million and $33.0 million.
Positive Outlook
- Revenue is expected to be between $56.0 million and $60.0 million.
- Gross margin on a non-GAAP basis is expected to be between 59.0% and 61.0%.
Challenges Ahead
- Operating expenses on a non-GAAP basis are expected to be between $31.0 million and $33.0 million.