On October 21, 2026, Ambarella Inc AMBA shares rose 4.4% to $66.00, reflecting a volatile trading environment for the company. The stock has fluctuated within a 52-week range of $48.30 to $96.69, indicating significant price movements over the past year.
GF Value™ verdict: Current price at $66.00 vs GF Value of $84.39, representing a 21.8% undervaluation.GF Score™ of 75/100, indicating the company's performance is above average relative to its peers.Most notable signal: Insiders sold $17.1 million worth of shares over the past 12 months, with no insider buying.Is AMBA Overvalued or Undervalued?Ambarella Inc currently trades below its GF Value™ of $84.39, suggesting it is undervalued by approximately 21.8%. The GF Value™ is GuruFocus' proprietary estimate of intrinsic value, which considers historical trading multiples, past business growth, and projections for future performance. While the current price indicates potential investment opportunities, it is essential to recognize that the company's lack of profitability and cash flow negativity complicates traditional earnings-based valuations. The GF Valuation label classifies AMBA as “modestly undervalued,” but investors should approach this reading with caution given the company's unprofitable status.
The significant gap between the stock price and the GF Value™ implies a margin of safety, but it also raises a red flag about the sustainability of its current valuation. Given that Ambarella has not established consistent cash flow or profitability, the GF Value™ should be viewed as a directional warning rather than a precise valuation target, emphasizing the need for careful consideration before making any investment decisions.
How Does AMBA's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)N/A~8.0x (5-year median)Forward P/E61.8xN/AAs the table illustrates, Ambarella does not currently have a meaningful P/E ratio due to its unprofitable status, which stands in sharp contrast to its historical median P/E of approximately 8.0x. The forward P/E of 61.8x further underscores the disconnect between the company's earnings and its current stock price. This analysis aligns with the GF Value™ verdict, indicating that the stock is trading at a premium compared to its historical valuations, reinforcing the caution around its current valuation.
What Does AMBA's GF Score™ Tell Us?The GF Score™ is a composite measure that evaluates a company's performance across various dimensions, including financial strength, profitability, growth potential, valuation, and momentum. Ambarella's GF Score™ of 75/100 indicates above-average performance relative to its peers, though it has notable strengths and weaknesses in specific areas.
MetricRatingGF Score™75Financial Strength8/10Profitability3/10Growth6/10Valuation8/10Momentum8/10Ambarella's strong financial strength rating of 8/10 suggests a solid balance sheet, but its profitability rank of only 3/10 highlights significant challenges in generating earnings. The growth rank of 6/10 indicates moderate growth potential, while the valuation and momentum ranks of 8/10 reflect favorable conditions in those areas. Overall, while the high financial strength and valuation scores present a positive outlook, the weak profitability rank raises concerns about the company's ability to translate its strengths into sustainable profits.
What Are Gurus and Insiders Doing with AMBA?Currently, five gurus hold positions in Ambarella, with one adding to their stake while three have trimmed their positions in recent quarters. This mixed activity among institutional investors suggests a cautious approach to the stock. Additionally, insider activity has been notably bearish, with insiders selling $17.1 million worth of shares over the past 12 months without any buying. This selling trend could signal a lack of confidence in the company’s short-term prospects and may warrant further scrutiny from potential investors.
The selling pressure from insiders, coupled with the mixed actions from institutional investors, suggests that caution is warranted when considering Ambarella as an investment. This insider activity is a crucial indicator, as it provides a unique perspective on the company's internal sentiment that isn't available through typical market analysis.
What This Means for InvestorsIn summary, Ambarella Inc appears to be undervalued based on its GF Value™ assessment, with a significant margin of safety compared to its intrinsic value estimate. However, the company's ongoing unprofitability and cash flow negativity must be considered carefully. The mixed signals from guru and insider activities further underscore the need for cautious evaluation of the stock's potential moving forward. For more detailed insights, visit the Ambarella Inc AMBA stock page and explore additional resources on the GF Value™ page.
Frequently Asked QuestionsWhat is AMBA's GF Score™?
The GF Score™ for Ambarella is 75/100, indicating that the company performs above average compared to its peers across various metrics.
Is AMBA overvalued or undervalued?
Ambarella is considered undervalued with a GF Value™ of $84.39, which represents a 21.8% upside from its current price.
What is AMBA's P/E ratio?
Ambarella does not have a meaningful P/E ratio due to being unprofitable, contrasting sharply with its historical median P/E of approximately 8.0x.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Ambarella is transitioning into edge AI, expanding beyond security cameras with new 5nm chips and the X7 AI accelerator. Q2 FY2027 revenue grew 13.2% to $108.1M, driven by automotive and IoT, but profit lags and free cash flow remains negative. Valuation is demanding at 77x FY2027 earnings; future growth hinges on successful new product cycles and partnerships with Capgemini and Macnica.
On October 07, 2026, Ambarella Inc AMBA shares fell 3.8%, closing at $65.33. The stock has had a challenging year, with its price fluctuating between a 52-week high of $96.69 and a low of $48.30.
GF Value™ verdict: Current price of $65.33 is 22.4% below the GF Value™ estimate of $84.14.GF Score™: 75/100, indicating above-average performance.Most notable signal: Insider activity shows significant selling, with insiders liquidating $18.1M over the past 12 months.Is AMBA Overvalued or Undervalued?Ambarella Inc's current price of $65.33 is positioned below the GF Value™ estimate of $84.14, suggesting that the stock may be undervalued by approximately 22.4%. However, it is crucial to approach this analysis with caution due to the company's status as unprofitable and cash-flow negative. The GF Value™ is GuruFocus' proprietary intrinsic value estimate that synthesizes historical trading multiples, past business growth, and projections for future performance. Given that AMBA is not generating profits, relying solely on earnings-based valuation metrics like P/E could lead to skewed interpretations. Instead, we should focus on the Price-to-Sales (P/S) ratio, which is essential for loss-making companies like Ambarella.
With a historical median P/S ratio of around 8.0x, any deviation from this benchmark warrants attention. While the GF Value™ indicates a margin of safety, the lack of profitability raises concerns about the sustainability of growth and investor sentiment. Therefore, while the current pricing does suggest an opportunity, potential investors should weigh the risks associated with volatility and the company’s financial performance.
How Does AMBA's Valuation Compare to Its History?MetricCurrentHistoricalForward P/E61.1xN/ACurrently, Ambarella's forward P/E stands at 61.1x, which is significantly higher than the historical valuation benchmarks for the semiconductor industry. This elevated P/E ratio does not align with the GF Value™ assessment of modest undervaluation. Consequently, the P/E analysis suggests that the stock may be overvalued relative to its historical performance, creating a discrepancy that potential investors should consider carefully.
What Does AMBA's GF Score™ Tell Us?The GF Score™ assesses a stock's overall performance based on various factors, including financial strength, profitability, growth potential, valuation, and momentum. Ambarella's score of 75/100 reflects a solid position, particularly in terms of valuation, where it ranks 10/10. However, it lacks strength in profitability, with a rank of 3/10, indicating potential challenges in generating sustainable earnings.
MetricRatingGF Score™75Financial Strength8/10Profitability3/10Growth6/10Valuation10/10Momentum7/10Overall, while Ambarella's strengths lie in its financial stability and valuation, its weaknesses in profitability could hinder its growth trajectory. The high valuation rank coupled with a low profitability score presents a mixed picture for potential investors.
What Are Gurus and Insiders Doing with AMBA?Currently, there are 5 gurus holding shares of Ambarella, with 1 guru adding to their position while 3 have trimmed their holdings in recent quarters. This indicates a cautious sentiment among institutional investors towards the stock. Additionally, insider activity reveals that insiders have sold a substantial $18.1 million worth of shares over the past 12 months without any buying activity. This selling pattern might suggest a lack of confidence in the company's near-term performance and raises questions about future growth prospects.
Such insider selling can sometimes be a red flag, as it may imply that those closest to the company do not foresee significant upside in the immediate future. Investors should consider these dynamics when assessing the overall attractiveness of Ambarella as a potential investment.
What This Means for InvestorsBased on the analysis, Ambarella Inc appears to be undervalued according to the GF Value™ estimate, yet caution is warranted due to the company's unprofitable status and the implications of insider selling. The high forward P/E ratio relative to its historical performance further complicates the investment thesis. Investors should weigh these considerations carefully before making decisions. For more in-depth insights, you can visit the Ambarella Inc AMBA stock page, along with the GF Value™ page for detailed information.
Frequently Asked QuestionsWhat is AMBA's GF Score™?
AMBA has a GF Score™ of 75/100, indicating above-average performance across various metrics.
Is AMBA overvalued or undervalued?
According to the GF Value™, AMBA is currently undervalued by 22.4% compared to its estimated fair value of $84.14.
What is AMBA's P/E ratio?
AMBA's forward P/E ratio is 61.1x, which is significantly above its historical levels, suggesting potential overvaluation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Shares of Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $69.31 and traded as low as $67.05. Ambarella shares last traded at $68.26, with a volume of 1,095,901 shares traded.
Wall Street Analysts Forecast Growth A number of equities analysts have weighed in on AMBA shares. Northland Securities set a $101.00 price target on shares of Ambarella in a report on Wednesday, June 17th. Craig Hallum downgraded Ambarella from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Friday, September 4th. Needham & Company LLC reaffirmed a “buy” rating on shares of Ambarella in a research report on Friday, September 4th. Oppenheimer reiterated a “market perform” rating on shares of Ambarella in a report on Friday, September 4th. Finally, Weiss Ratings raised Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ambarella currently has an average rating of “Hold” and a consensus price target of $89.56.
Check Out Our Latest Research Report on Ambarella
Ambarella Trading Down 0.6% The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of -52.91 and a beta of 2.38. The firm has a 50-day moving average of $72.01 and a 200 day moving average of $69.31. Ambarella (NASDAQ:AMBA – Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $108.12 million during the quarter, compared to the consensus estimate of $107.76 million. Ambarella had a negative net margin of 13.48% and a negative return on equity of 10.03%. Ambarella’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. As a group, research analysts forecast that Ambarella, Inc. will post -1.12 EPS for the current year.
Insider Transactions at Ambarella In other Ambarella news, VP Chi-Hong Ju sold 2,009 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $64.83, for a total transaction of $130,243.47. Following the transaction, the vice president directly owned 154,153 shares in the company, valued at $9,993,738.99. This represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Yun-Lung Chen sold 5,958 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $78.66, for a total transaction of $468,656.28. Following the transaction, the vice president directly owned 60,557 shares of the company’s stock, valued at approximately $4,763,413.62. This represents a 8.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,218 shares of company stock valued at $1,528,920 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.
Institutional Trading of Ambarella Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Ambarella by 49.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock valued at $81,644,000 after buying an additional 524,937 shares during the period. Jericho Capital Asset Management L.P. grew its holdings in shares of Ambarella by 30.8% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,587,081 shares of the semiconductor company’s stock valued at $112,429,000 after acquiring an additional 373,734 shares in the last quarter. Hawk Ridge Capital Management LP purchased a new position in shares of Ambarella during the 1st quarter valued at $14,212,000. Renaissance Technologies LLC acquired a new position in shares of Ambarella in the first quarter worth $10,264,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Ambarella by 28.1% in the first quarter. Dimensional Fund Advisors LP now owns 638,587 shares of the semiconductor company’s stock worth $32,866,000 after acquiring an additional 139,928 shares during the last quarter. 82.09% of the stock is owned by institutional investors.
About Ambarella (Get Free Report)
Ambarella, Inc is a fabless semiconductor company that develops system-on-chip (SoC) products for edge artificial intelligence, computer vision and video processing applications. Its technologies are designed to help devices capture, analyze and process visual data locally, reducing the need to send all information to cloud-based systems.
The company’s product portfolio includes its CVflow family of edge AI processors, video processors and camera-focused SoCs. These products support applications such as advanced driver-assistance systems and automotive cameras, security and surveillance systems, robotics, industrial automation, consumer cameras and other intelligent imaging devices.
Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets internationally.
See Also Five stocks we like better than Ambarella NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run A Manufacturing Surprise Could Be a Big Win for These 2 Companies What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.
Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $89.56.
A number of research firms have issued reports on AMBA. Northland Securities set a $101.00 price objective on shares of Ambarella in a research report on Wednesday, June 17th. Needham & Company LLC reiterated a “buy” rating on shares of Ambarella in a report on Friday, September 4th. Weiss Ratings raised Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. Roth Capital reduced their price target on Ambarella from $90.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Finally, Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, May 29th.
View Our Latest Analysis on AMBA
Insider Activity In related news, insider Chan Lee sold 2,893 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $64.83, for a total transaction of $187,553.19. Following the completion of the transaction, the insider owned 154,443 shares in the company, valued at $10,012,539.69. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Chi-Hong Ju sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $88.84, for a total value of $888,400.00. Following the completion of the sale, the vice president directly owned 155,924 shares of the company’s stock, valued at $13,852,288.16. The trade was a 6.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 48,218 shares of company stock valued at $3,863,430. 4.50% of the stock is owned by insiders. Hedge Funds Weigh In On Ambarella Hedge funds and other institutional investors have recently modified their holdings of the stock. WINTON GROUP Ltd raised its stake in Ambarella by 517.3% in the second quarter. WINTON GROUP Ltd now owns 32,100 shares of the semiconductor company’s stock worth $2,754,000 after buying an additional 26,900 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Ambarella during the 2nd quarter valued at approximately $118,000. IFP Advisors Inc boosted its position in Ambarella by 70.4% during the 2nd quarter. IFP Advisors Inc now owns 731 shares of the semiconductor company’s stock valued at $63,000 after acquiring an additional 302 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Ambarella by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 11,479 shares of the semiconductor company’s stock worth $985,000 after acquiring an additional 246 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Ambarella during the 2nd quarter worth approximately $232,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.
Ambarella Stock Performance NASDAQ:AMBA opened at $72.68 on Friday. Ambarella has a fifty-two week low of $48.30 and a fifty-two week high of $96.69. The firm has a market cap of $3.21 billion, a PE ratio of -56.34 and a beta of 2.09. The business has a 50 day moving average price of $71.98 and a 200-day moving average price of $68.52.
Ambarella (NASDAQ:AMBA – Get Free Report) last issued its earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $108.12 million for the quarter, compared to the consensus estimate of $107.76 million. Ambarella had a negative net margin of 13.48% and a negative return on equity of 10.03%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. Research analysts predict that Ambarella will post -1.12 EPS for the current year.
About Ambarella (Get Free Report)
Ambarella, Inc is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing and artificial intelligence at the edge. Its technology is designed to help devices capture, process, analyze and transmit high-quality video while reducing the need to send data to cloud-based systems.
The company’s product portfolio includes its CVflow family of AI vision processors, video processors and related software. These solutions support computer vision and machine learning applications in security cameras, automotive systems, advanced driver-assistance systems, robotics, industrial equipment and consumer devices.
Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets globally through its semiconductor products and technology partnerships.
See Also Five stocks we like better than Ambarella Costco Ends Its Fiscal Year on a High Note, Eyes Big Expansion Cracker Barrel Stock Is Rallying Again, But the Turnaround Still Has a Traffic Problem Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out Oil May Be Stronger Than It Looks—And Diamondback Is on Sale
Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.
Never miss a trade again with the fastest news alerts in the world!
This headline only article is a sample of real-time intelligence Benzinga Pro traders use to win in the markets everyday.
Want the fastest, most accurate stock market intelligence? Want EXCLUSIVE stories originated by Benzinga reporters? Join 10,000+ serious traders in the Benzinga Pro community!
Feng-Ming "Fermi" Wang, Chief Executive Officer of Ambarella, Inc. (AMBA +4.16%), reported the sale of 6,086 shares on September 17, 2026 in an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$395,000Shares sold6,086Post-transaction shares (directly held)767,759Post-transaction value$51.37 millionTransaction value based on SEC Form 4 weighted average sale price ($64.83); post-transaction value based on September 17, 2026 market close ($66.91).
Key questionsWhat was the primary driver for this transaction?
The sale was a non-discretionary event triggered by the vesting of restricted stock units (RSUs), where shares were liquidated to cover the resulting tax obligations for the executive.What is the scale of the CEO's remaining stake in Ambarella?
Following this disposition, the CEO retains direct ownership of 767,759 shares, which includes 238 shares recently acquired through the company's employee stock purchase plan on September 15, 2026.How has the stock performed leading up to this vesting event?
As of the September 17, 2026 transaction date, Ambarella common stock had delivered a one-year total return of -16%, reflecting broader volatility in the semiconductor industry.Company OverviewMetricValueShare Price (as of market close 2026-09-18)$66.15Market Capitalization$2.9 billionRevenue (TTM)$417.8 millionNet Income (TTM)-$56.3 millionCompany SnapshotAmbarella designs and develops advanced video processing semiconductors, including highly integrated system-on-a-chip (SoC) solutions that combine HD and ultra-HD video compression, image processing, artificial intelligence computer vision, and audio processing capabilities for diverse end-market applications.The company generates revenue through the licensing and sale of proprietary semiconductor intellectual property and SoC designs to original equipment manufacturers (OEMs) and system integrators across surveillance, automotive, consumer electronics, and industrial markets.Ambarella's primary customers include leading manufacturers in security and surveillance systems, automotive OEMs, consumer electronics companies, and industrial equipment providers that require sophisticated video and image processing capabilities in their products.Ambarella is a specialized semiconductor company with a market cap of $2.9 billion, leveraging proprietary video processing and artificial intelligence technologies to address high-growth markets in surveillance, autonomous vehicles, and intelligent imaging systems.
The company's differentiated SoC platform enables customers to reduce system complexity and cost while delivering advanced video analytics and processing performance. With TTM revenues of $417.8 million, Ambarella maintains a focused product strategy centered on video and image processing innovation, positioning itself as a critical technology enabler for the intelligent video ecosystem.
What this transaction means for investorsThe September 18 disposition of Ambarella stock held by CEO Fermi Wang is not a red flag for investors. It was a non-discretionary transaction executed to fulfill tax withholding obligations in connection with the vesting of RSUs.
An RSU is a form of compensation where a company grants an employee shares of stock at a future date. When that vesting date arrives, as was the case here, a "sell to cover" transaction occurs to pay the related taxes.
Post-sale, Wang continues to hold a sizable equity stake in Ambarella. His 767,759 directly-held shares ensure alignment with shareholder interests.
Ambarella has seen its business grow thanks to the artificial intelligence boom. Physical AI, such as robots and self-driving vehicles, are using the company's technology because it does not require a constant internet connection to function.
This demand helped Ambarella produce sales of $108.1 million in its fiscal second quarter ended July 31, representing a 13% year-over-year increase. In a sign that customers continue to seek Ambarella's solutions, the company forecasted revenue to be between $115 million and $124 million in the third quarter, up from the prior year's $108.5 million.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) CFO John Young sold 3,126 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $64.83, for a total value of $202,658.58. Following the transaction, the chief financial officer owned 109,702 shares of the company’s stock, valued at approximately $7,111,980.66. This trade represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Ambarella Trading Down 1.1% Ambarella stock opened at $66.15 on Friday. Ambarella, Inc. has a 12-month low of $48.30 and a 12-month high of $96.69. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of -51.28 and a beta of 2.09. The firm has a 50 day moving average of $71.84 and a 200 day moving average of $68.08.
Ambarella (NASDAQ:AMBA – Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $108.12 million for the quarter, compared to the consensus estimate of $107.76 million. Ambarella had a negative net margin of 13.48% and a negative return on equity of 10.03%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share. On average, analysts predict that Ambarella, Inc. will post -1.12 EPS for the current year.
Analysts Set New Price Targets Several research analysts recently weighed in on AMBA shares. Oppenheimer reaffirmed a “market perform” rating on shares of Ambarella in a report on Friday, September 4th. Susquehanna boosted their price objective on Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Weiss Ratings raised Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. Bank of America cut their target price on Ambarella from $96.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, September 4th. Finally, Northland Securities set a $101.00 target price on Ambarella in a research note on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $89.56. Check Out Our Latest Stock Report on Ambarella
Key Ambarella News Here are the key news stories impacting Ambarella this week:
Positive Sentiment: Rosenblatt Securities issued a Buy rating. The recommendation could bolster confidence in Ambarella’s growth prospects and provide support for the shares. Ambarella Earns Buy Rating from Rosenblatt Securities Neutral Sentiment: Ambarella presented at Piper Sandler’s 5th Annual Growth Frontiers Conference. The available report identifies the company’s participation but does not highlight a new financial forecast, contract, or other material announcement likely to change valuation. Ambarella Presents at Piper Sandler Growth Frontiers Conference Negative Sentiment: Several senior executives reported stock sales. CEO Feng-Ming Wang, CFO John Young, VP Chi-Hong Ju and insider Chan Lee collectively sold 14,114 shares for approximately $915,011. The transactions reduced their respective holdings by about 0.79% to 2.77%. While these sales may reflect routine diversification or compensation-related activity rather than a change in business outlook, the concentration of selling by top executives can weigh on investor sentiment. Ambarella CFO Insider Sale Filing Hedge Funds Weigh In On Ambarella Institutional investors have recently bought and sold shares of the stock. WINTON GROUP Ltd grew its position in shares of Ambarella by 517.3% during the second quarter. WINTON GROUP Ltd now owns 32,100 shares of the semiconductor company’s stock valued at $2,754,000 after purchasing an additional 26,900 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Ambarella in the second quarter worth about $118,000. IFP Advisors Inc lifted its position in shares of Ambarella by 70.4% in the second quarter. IFP Advisors Inc now owns 731 shares of the semiconductor company’s stock worth $63,000 after buying an additional 302 shares in the last quarter. Arizona State Retirement System boosted its stake in Ambarella by 2.2% during the second quarter. Arizona State Retirement System now owns 11,479 shares of the semiconductor company’s stock valued at $985,000 after buying an additional 246 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Ambarella during the second quarter valued at approximately $232,000. 82.09% of the stock is owned by hedge funds and other institutional investors.
Ambarella Company Profile (Get Free Report)
Ambarella, Inc is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing and artificial intelligence at the edge. Its technology is designed to help devices capture, process, analyze and transmit high-quality video while reducing the need to send data to cloud-based systems.
The company’s product portfolio includes its CVflow family of AI vision processors, video processors and related software. These solutions support computer vision and machine learning applications in security cameras, automotive systems, advanced driver-assistance systems, robotics, industrial equipment and consumer devices.
Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets globally through its semiconductor products and technology partnerships.
See Also Five stocks we like better than Ambarella Lennar’s Earnings Miss May Be Sending a Bigger Warning About U.S. Housing Priced for a Pullback or More Gains? These 3 Stocks Are Testing the Limits These 3 Agentic AI Stocks Have More Than Hype Behind Their Growth Stories Not Just Banks: 3 Trading Stocks to Watch After the Fed Rate Hike
Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.
Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) insider Chan Lee sold 2,893 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $64.83, for a total value of $187,553.19. Following the transaction, the insider directly owned 154,443 shares in the company, valued at approximately $10,012,539.69. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Ambarella Stock Performance Shares of Ambarella stock opened at $66.15 on Friday. The stock has a market capitalization of $2.92 billion, a PE ratio of -51.28 and a beta of 2.09. Ambarella, Inc. has a 52 week low of $48.30 and a 52 week high of $96.69. The stock has a 50 day moving average price of $71.84 and a two-hundred day moving average price of $68.08.
Ambarella (NASDAQ:AMBA – Get Free Report) last issued its earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Ambarella had a negative return on equity of 10.03% and a negative net margin of 13.48%.The company had revenue of $108.12 million for the quarter, compared to analyst estimates of $107.76 million. During the same period in the prior year, the firm earned $0.15 earnings per share. Ambarella’s revenue for the quarter was up 13.2% on a year-over-year basis. Research analysts forecast that Ambarella, Inc. will post -1.12 EPS for the current year.
More Ambarella News Here are the key news stories impacting Ambarella this week: Positive Sentiment: Rosenblatt Securities issued a Buy rating. The recommendation could bolster confidence in Ambarella’s growth prospects and provide support for the shares. Ambarella Earns Buy Rating from Rosenblatt Securities Neutral Sentiment: Ambarella presented at Piper Sandler’s 5th Annual Growth Frontiers Conference. The available report identifies the company’s participation but does not highlight a new financial forecast, contract, or other material announcement likely to change valuation. Ambarella Presents at Piper Sandler Growth Frontiers Conference Negative Sentiment: Several senior executives reported stock sales. CEO Feng-Ming Wang, CFO John Young, VP Chi-Hong Ju and insider Chan Lee collectively sold 14,114 shares for approximately $915,011. The transactions reduced their respective holdings by about 0.79% to 2.77%. While these sales may reflect routine diversification or compensation-related activity rather than a change in business outlook, the concentration of selling by top executives can weigh on investor sentiment. Ambarella CFO Insider Sale Filing Wall Street Analysts Forecast Growth A number of research analysts have weighed in on the stock. Bank of America dropped their price objective on shares of Ambarella from $96.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Rosenblatt Securities restated a “buy” rating and issued a $120.00 target price on shares of Ambarella in a report on Wednesday. Susquehanna raised their price target on shares of Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Oppenheimer reiterated a “market perform” rating on shares of Ambarella in a research note on Friday, September 4th. Finally, Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ambarella has an average rating of “Hold” and a consensus target price of $89.56.
Check Out Our Latest Stock Analysis on Ambarella
Hedge Funds Weigh In On Ambarella A number of hedge funds have recently bought and sold shares of the company. Jericho Capital Asset Management L.P. grew its stake in shares of Ambarella by 30.8% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,587,081 shares of the semiconductor company’s stock worth $112,429,000 after acquiring an additional 373,734 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Ambarella by 49.5% during the first quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock valued at $81,644,000 after purchasing an additional 524,937 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ambarella by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock worth $72,305,000 after purchasing an additional 35,510 shares during the last quarter. Legal & General Group Plc boosted its holdings in Ambarella by 18.4% during the fourth quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock worth $43,497,000 after purchasing an additional 95,218 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Ambarella by 28.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 638,587 shares of the semiconductor company’s stock worth $32,866,000 after purchasing an additional 139,928 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.
About Ambarella (Get Free Report)
Ambarella, Inc is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing and artificial intelligence at the edge. Its technology is designed to help devices capture, process, analyze and transmit high-quality video while reducing the need to send data to cloud-based systems.
The company’s product portfolio includes its CVflow family of AI vision processors, video processors and related software. These solutions support computer vision and machine learning applications in security cameras, automotive systems, advanced driver-assistance systems, robotics, industrial equipment and consumer devices.
Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets globally through its semiconductor products and technology partnerships.
Further Reading Five stocks we like better than Ambarella Lennar’s Earnings Miss May Be Sending a Bigger Warning About U.S. Housing Priced for a Pullback or More Gains? These 3 Stocks Are Testing the Limits These 3 Agentic AI Stocks Have More Than Hype Behind Their Growth Stories Not Just Banks: 3 Trading Stocks to Watch After the Fed Rate Hike
Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.
Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) VP Chi-Hong Ju sold 2,009 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $64.83, for a total value of $130,243.47. Following the sale, the vice president owned 154,153 shares of the company’s stock, valued at approximately $9,993,738.99. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Chi-Hong Ju also recently made the following trade(s):
On Wednesday, July 1st, Chi-Hong Ju sold 10,000 shares of Ambarella stock. The shares were sold at an average price of $88.84, for a total value of $888,400.00. Ambarella Price Performance Shares of AMBA stock opened at $66.15 on Friday. Ambarella, Inc. has a fifty-two week low of $48.30 and a fifty-two week high of $96.69. The stock’s 50-day moving average is $71.84 and its two-hundred day moving average is $68.08. The firm has a market cap of $2.92 billion, a P/E ratio of -51.28 and a beta of 2.09.
Ambarella (NASDAQ:AMBA – Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Ambarella had a negative return on equity of 10.03% and a negative net margin of 13.48%.The business had revenue of $108.12 million during the quarter, compared to analysts’ expectations of $107.76 million. During the same quarter in the previous year, the business posted $0.15 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, research analysts expect that Ambarella, Inc. will post -1.12 EPS for the current year. More Ambarella News Here are the key news stories impacting Ambarella this week:
Positive Sentiment: Rosenblatt Securities issued a Buy rating. The recommendation could bolster confidence in Ambarella’s growth prospects and provide support for the shares. Ambarella Earns Buy Rating from Rosenblatt Securities Neutral Sentiment: Ambarella presented at Piper Sandler’s 5th Annual Growth Frontiers Conference. The available report identifies the company’s participation but does not highlight a new financial forecast, contract, or other material announcement likely to change valuation. Ambarella Presents at Piper Sandler Growth Frontiers Conference Negative Sentiment: Several senior executives reported stock sales. CEO Feng-Ming Wang, CFO John Young, VP Chi-Hong Ju and insider Chan Lee collectively sold 14,114 shares for approximately $915,011. The transactions reduced their respective holdings by about 0.79% to 2.77%. While these sales may reflect routine diversification or compensation-related activity rather than a change in business outlook, the concentration of selling by top executives can weigh on investor sentiment. Ambarella CFO Insider Sale Filing Analysts Set New Price Targets Several research analysts have recently commented on AMBA shares. Weiss Ratings upgraded shares of Ambarella from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Ambarella in a research note on Friday, September 4th. Stifel Nicolaus decreased their price objective on shares of Ambarella from $106.00 to $90.00 and set a “buy” rating for the company in a report on Friday, September 4th. Craig Hallum downgraded shares of Ambarella from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Friday, September 4th. Finally, Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ambarella has an average rating of “Hold” and an average target price of $89.56.
View Our Latest Stock Analysis on Ambarella
Institutional Investors Weigh In On Ambarella A number of hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Ambarella by 49.5% in the first quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock worth $81,644,000 after purchasing an additional 524,937 shares during the period. Jericho Capital Asset Management L.P. boosted its stake in Ambarella by 30.8% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,587,081 shares of the semiconductor company’s stock valued at $112,429,000 after purchasing an additional 373,734 shares during the period. Hawk Ridge Capital Management LP bought a new stake in Ambarella during the 1st quarter valued at approximately $14,212,000. Renaissance Technologies LLC acquired a new stake in Ambarella in the 1st quarter valued at approximately $10,264,000. Finally, Handelsbanken Fonder AB increased its position in Ambarella by 84.0% in the 4th quarter. Handelsbanken Fonder AB now owns 312,326 shares of the semiconductor company’s stock worth $22,125,000 after buying an additional 142,551 shares during the period. 82.09% of the stock is currently owned by institutional investors.
About Ambarella (Get Free Report)
Ambarella, Inc is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing and artificial intelligence at the edge. Its technology is designed to help devices capture, process, analyze and transmit high-quality video while reducing the need to send data to cloud-based systems.
The company’s product portfolio includes its CVflow family of AI vision processors, video processors and related software. These solutions support computer vision and machine learning applications in security cameras, automotive systems, advanced driver-assistance systems, robotics, industrial equipment and consumer devices.
Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets globally through its semiconductor products and technology partnerships.
Featured Stories Five stocks we like better than Ambarella Lennar’s Earnings Miss May Be Sending a Bigger Warning About U.S. Housing Priced for a Pullback or More Gains? These 3 Stocks Are Testing the Limits These 3 Agentic AI Stocks Have More Than Hype Behind Their Growth Stories Not Just Banks: 3 Trading Stocks to Watch After the Fed Rate Hike
Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.
The partnership is designed to give developers and product teams a more efficient path from vision model development to deployment on low-power edge AI silicon | Source: Ambarella
SANTA CLARA, Calif. and LONDON, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, and Ultralytics, a vision AI company known for the open-source Ultralytics YOLO model family, today announced a collaboration to support the deployment of Ultralytics YOLO models on Ambarella CVflow®-powered edge devices.
The collaboration brings together Ultralytics' real-time computer vision models and Ambarella's low-power AI processing technology. The two teams are working to give developers a familiar starting point on silicon built for the power and thermal limitations under which edge products operate.
When detection, segmentation, and tracking run locally on the device, systems can respond with lower latency, place less demand on network bandwidth, and reduce their dependence on cloud processing. For products that operate in the physical world, those characteristics shape how quickly a machine responds to what it sees, and how dependably it responds when connectivity is limited.
The integration is designed to help developers and product teams build and deploy vision applications more efficiently across areas such as smart cameras, robotics, automotive, and industrial systems.
"By bringing Ultralytics YOLO to Ambarella's CVflow platform, we're making it easier for developers and product teams to build efficient, real-time vision applications directly at the edge," said Glenn Jocher, Founder and CEO of Ultralytics. "This collaboration combines Ultralytics' accessible computer vision models with Ambarella's low-power AI processing, helping move vision AI from development to deployment more efficiently."
On the Ambarella side, the work centers on the Cooper™ Developer Platform and the Ambarella Developer Zone (“DevZone”), which the company launched at CES 2026. The DevZone brings optimized models, agentic blueprints, developer kits, documentation, and technical resources into a single accessible environment. A common CVflow architecture and a shared software environment serve Ambarella’s entire edge AI SoC portfolio, so perception software and development workflows can carry forward as a product line scales up in performance or moves to a lower cost point.
"The edge AI markets we serve are evolving quickly, and our partner ecosystem needs a platform that meets developers in the frameworks and model families they already use," said Fermi Wang, President and CEO of Ambarella. "Ultralytics YOLO is among the most widely adopted model families in computer vision, and supporting it on our CVflow platform broadens the set of teams that can build on Ambarella silicon."
Ultralytics YOLO models support object detection, instance segmentation, image classification, pose estimation, and oriented bounding box detection within a single model family, with a range of model sizes that let teams balance accuracy against the compute and memory budget a given product can carry.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella's products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making, and control across devices. Ambarella's low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy. For more information, please visit www.ambarella.com.
About Ultralytics
Ultralytics is the leading force in vision AI, best known for its Ultralytics YOLO (You Only Look Once) models and Ultralytics Platform, the ultimate end-to-end computer vision platform where users can annotate, train, and deploy vision AI solutions in one place. With over 140k GitHub stars, 330 million PiP downloads, and 3.6 billion model usages, Ultralytics YOLO has become the most widely recognized object detection model globally. Ultralytics empowers users with easy-to-use, cutting-edge AI technology. Our mission is to simplify and democratize the use of AI, making it accessible and impactful across industries ranging from manufacturing to healthcare and more.
ZEDEDA Edge Intelligence Platform now runs on Ambarella's edge AI SoCs, letting enterprises deploy, secure and operate AI models on power-efficient silicon from a single control plane
Joint demonstrations with Roboflow and Liquid AI debut at the AI Infrastructure Summit 2026
SAN JOSE, Calif. and SANTA CLARA, Calif., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), a leading developer of edge AI semiconductor solutions, and ZEDEDA, the leader in edge intelligence, today announced a strategic partnership to bring secure, cloud-orchestrated AI to the devices where the physical world meets AI: cameras, robots, vehicles, industrial systems and edge appliances.
AI silicon has advanced faster than the tools to manage it in the field. Enterprises can build powerful edge AI hardware, but deploying, updating and securing models across fleets of devices remains largely manual, slow and hard to secure. ZEDEDA's 2026 survey of 600 IT and business leaders found that 47% of enterprises have already adopted hybrid cloud-edge architectures, and that 41% describe managing AI workloads across those environments as a challenge.
Through this collaboration, ZEDEDA's open-source EVE-OS, governed by the Linux Foundation, now runs on Ambarella's N1 family of edge generative AI SoCs, and ZEDEDA's Edge Intelligence Platform can deploy, update and operate AI models directly on Ambarella's power-efficient AI acceleration hardware. Enterprises and OEMs can now orchestrate vision models, LLMs and multimodal AI workloads on Ambarella-based systems at any scale, from a single control plane, with zero-touch security built in. This represents a significant evolution in edge computing: cloud-native software infrastructure and Physical AI inference together inside the machine, with centralized control and management retained.
The partnership unites two complementary leaders: Ambarella's SoCs power AI perception across security cameras, robotics, automotive and industrial systems, with more than 50 million AI chips shipped cumulatively. ZEDEDA's platform is trusted by leading Fortune 500 enterprises operating tens of thousands of edge nodes in the field. Together, the companies remove the biggest barrier to physical AI adoption: getting models onto distributed devices, keeping them current and keeping them secure, without sending trucks or exposing infrastructure.
Building on a breakout year for both companies
Today's announcement extends the momentum both companies have built in 2026:
In March, ZEDEDA unveiled its Edge Intelligence Platform at NVIDIA GTC, the industry's first platform to create, secure and operate edge and physical AI at scale, alongside Edge Intelligence Labs and Edge Intelligence Appliances.In January, Ambarella launched its CV7 edge AI vision SoC at CES 2026, delivering more than 2.5x the AI performance of the prior generation on 4nm process technology, and opened its Developer Zone to broaden the Ambarella edge AI ecosystem. This partnership connects those threads: Ambarella's newest silicon and developer ecosystem, now operable at fleet scale through ZEDEDA Edge Intelligence Platform and edge AI ecosystem.
What the partnership delivers
EVE-OS validated on Ambarella N1: ZEDEDA's open-source, Linux Foundation LF Edge-based edge operating system runs on the Ambarella N1-655, providing a secure, vendor-neutral foundation for containerized, virtualized and Kubernetes workloads on-device.Model deployment from the ZEDEDA Model Hub: Ambarella-optimized AI models are deployed to Ambarella-based systems directly from ZEDEDA's Edge Intelligence Platform, with verified inference on Ambarella's AI acceleration engine and full observability, monitoring and lifecycle management for ongoing updates and optimization in the field.A full-stack developer path: Ambarella's edge AI platform combines proprietary AI acceleration and computer vision with its Cooper development environment: 12 edge AI SoC families supporting more than 200 AI model architectures in customer production and now orchestrated at fleet scale by ZEDEDA.Developer kits, ready out of the box: Development kits featuring Ambarella technology with EVE-OS preinstalled are expected to become available through Ambarella's DevZone, so developers and system integrators can go from unboxing to orchestrated Physical AI deployment in minutes.An open ecosystem path: The companies are working with ISVs, system integrators and hardware partners to deliver full-stack edge AI solutions, and will explore deeper participation in the LF Edge ecosystem, of which ZEDEDA is a founding member.
A phased path to enterprise scale
IDC forecasts that worldwide edge computing spending will approach $360 billion by 2027, and a growing share is going toward systems that run AI inference on the device and on edge AI boxes. To address this market, the companies have defined a five-phase strategic roadmap, and—contingent on customer adoption and on the companies electing to proceed—the roadmap includes deployments reaching hundreds of thousands of managed edge nodes across more than one hundred enterprises, with associated Ambarella revenue that could exceed hundreds of millions of dollars over a 5-7 year period. These figures represent agreed-upon planning objectives rather than minimum revenue commitments, purchase obligations or guaranteed forecasts.
The collaboration initially focuses on use cases where AI must operate locally with low latency, high reliability and constrained power budgets, including robotics and autonomous machines, industrial automation and machine vision, intelligent cameras and smart infrastructure, automotive and mobility, retail and logistics, and connected industrial equipment.
See it live at AI Infra Summit 2026
The companies will showcase the integration at the AI Infra Summit, September 15-17 at the Santa Clara Convention Center, where Ambarella is a Diamond Sponsor. Running on the Ambarella N1-655 platform, the demonstration will show how enterprises can create, package and deploy a custom solution blueprint to an Ambarella cluster, with the Ambarella YOLOX AI model automatically pulled from the ZEDEDA Model Hub and made available to the runtime at startup. Ecosystem partners Roboflow and Liquid AI will showcase computer vision and language models running on Ambarella silicon in the same demonstration, orchestrated by ZEDEDA.
The companies will also demonstrate Kubernetes-based AI workloads running on Ambarella CV7, illustrating how sophisticated cloud-native workloads can be orchestrated directly inside highly power-efficient intelligent edge devices — including camera-class systems. This represents a significant evolution in edge computing: bringing cloud-native software infrastructure and Physical AI inference together inside the machine while retaining centralized control and management.
Executive quotes
"AI is moving into the physical world, and the hard part was never training models. It's operating them securely and reliably on millions of devices in the field," said Said Ouissal, founder and CEO of ZEDEDA. "Ambarella has built an exceptional AI compute platform for the physical world. By combining Ambarella silicon with EVE-OS and ZEDEDA Edge Intelligence Platform, we can give developers and enterprises a cloud-like experience for deploying and operating AI across fleets of intelligent machines. This is an important step toward making Physical AI operational at scale."
“Physical AI is moving intelligence from the cloud into machines that perceive, understand and act in the real world,” said Muneyb Minhazuddin, Chief Growth Officer at Ambarella. “Ambarella provides the AI compute platform that makes this possible within extremely power-constrained devices, while ZEDEDA provides the cloud-like infrastructure to securely deploy, orchestrate, observe and manage that intelligence at scale. Together, we are creating a powerful foundation for the next generation of intelligent cameras, robots, vehicles and industrial machines.”
Availability
EVE-OS support for the Ambarella N1-655 is available now for early access customers. Validated Ambarella solution blueprints and optimized models in the ZEDEDA Model Hub, and development kits with EVE-OS preinstalled, are expected to be available in Q4 2026. The companies are currently extending the integration with Ambarella hardware observability and direct Model Hub deployment, creating a path toward repeatable, fleet-scale deployment of Physical AI applications. Contact ZEDEDA or Ambarella for early access.
About ZEDEDA
ZEDEDA unlocks the value of AI where it matters most, enabling enterprises to create, secure and operate edge AI at scale. ZEDEDA's Edge Intelligence products and solutions are used by globally distributed enterprises to rapidly realize intelligence, with real-time data driving business outcomes. Trusted by the world's largest organizations, ZEDEDA is backed by world-class investors and has teams in the United States, Germany, India, and the United Arab Emirates. For more information, visit ZEDEDA.ai.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy. For more information, please visit www.ambarella.com.
New capabilities built on Google Cloud Platform and Gemini Enterprise give developers a cloud-hosted IDE and remote access to live Ambarella silicon
Recent collaborations add models from leading providers including Ultralytics
An integration with ZEDEDA enables deploying and managing AI workloads across distributed device fleets
SANTA CLARA, Calif., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced a significant expansion of the Ambarella Developer Zone ("DevZone"), adding a cloud-hosted integrated development environment (IDE), secure access to cloud-connected fleets of Ambarella SoC-based devices and agentic AI development capabilities powered by Gemini Enterprise, all delivered on Google Cloud Platform (GCP). Recently announced collaborations with ZEDEDA and AI model providers including Ultralytics extend the same environment through model selection and fleet-scale deployment.
Ambarella launched DevZone at CES 2026 as an early-access program, bringing together the Cooper™ Model Garden, agentic blueprints, developer kits, documentation and technical resources at ambarella.com/developer. Hundreds of developers at enterprise customers, ISVs and OEM partners have engaged with the platform since launch, and the expansion announced today extends DevZone from evaluation into daily development work and into production deployment.
Cloud-Hosted Development and Live Device Sessions
The cloud-hosted IDE provides immediate access to Ambarella SDKs, documentation, optimized models and sample projects without local installation or configuration. From the same environment, developers can request a session on a cloud-connected fleet of Ambarella-based devices and run their build on live silicon, with latency, throughput and power measured under real-world operating conditions on the target hardware. These capabilities are available to early-access participants today, with developers onboarded in stages as the connected device fleet expands.
Agentic AI Development Capabilities
Agentic AI capabilities powered by Gemini Enterprise support developers throughout the development lifecycle, assisting with coding, documentation search, troubleshooting, workflow automation and application development. These capabilities complement the low-code and no-code agentic blueprints already available in DevZone for building the multi-agent workflows that Physical AI systems run in practice.
The expanded platform provides developers with:
A cloud-hosted development environment with immediate access to Ambarella tools, software and resourcesSecure access to cloud-connected fleets of Ambarella-based devices for remote testing, validation and performance optimization in real-world conditionsAgentic AI development capabilities powered by Gemini Enterprise that accelerate coding, documentation, workflow automation, troubleshooting and application developmentA cloud-to-edge workflow spanning prototyping, testing, deployment and lifecycle management of AI applicationsIntegration with Google Cloud Platform services to support scalable development, collaboration and deployment "Developers evaluating an embedded AI platform need to see their own models and their own data running on the target silicon, and the time required to reach that point often determines how quickly a program moves forward," said Muneyb Minhazuddin, Customer Growth Officer at Ambarella. "The expanded Developer Zone removes the setup work and the hardware procurement that has traditionally preceded that milestone. Our partner collaborations extend the same environment through deployment and fleet management, so that a team can carry an application from a first experiment to a managed installed base without changing tools."
Expanding the Developer Ecosystem
The expansion also reflects Ambarella's continued commitment to an open and collaborative AI ecosystem, with recently announced collaborations extending what developers can build within DevZone.
Ambarella and Ultralytics have partnered to support Ultralytics YOLO models on Ambarella CVflow®-powered devices, giving developers a widely adopted computer vision model family on silicon designed for the power and thermal constraints under which edge products operate. The collaboration covers object detection, instance segmentation, image classification, pose estimation and oriented bounding box detection. Ambarella is also working with other model providers on generative models that support reasoning and decision-making on the device.
ZEDEDA pairs EVE-OS, the open-source edge operating system governed by the Linux Foundation, with its Edge Intelligence Platform, enabling AI workloads to be deployed, managed, monitored and updated across distributed fleets. Developers can now load EVE-OS onto supported Ambarella SoCs.
Common Architecture Across the SoC Portfolio
Development work carried out in DevZone transfers across the portfolio, because every Ambarella AI processor shares the CVflow architecture and the Cooper Developer Platform, allowing perception software, AI models and development workflows to move across silicon generations and performance tiers with minimal rework. Ambarella currently has 12 edge AI SoC families that support more than 200 AI model architectures in customer production, on an installed base of more than 50 million AI SoC units.
Availability and Demonstrations
The expanded Ambarella Developer Zone is being rolled out now and is expected to be generally available in Q1 2027 at ambarella.com/developer. Ambarella and ZEDEDA will demonstrate the integration at the AI Infrastructure Summit. Running on an Ambarella N1-655 platform, the demonstration shows a custom solution blueprint created, packaged and deployed to an Ambarella cluster, with the Ambarella YOLOX model pulled automatically from the ZEDEDA Edge Intelligence Platform Model Hub and made available to the runtime at startup.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy. For more information, please visit www.ambarella.com.
New edge AI accelerator brings Ambarella's third-generation CVflow® engine to Arm and x86 host systems
Leading OEMs in several key verticals are currently creating designs with X7
SANTA CLARA, Calif., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced the X7 edge AI accelerator, its first dedicated CVflow® AI accelerator chip. X7 serves as an AI co-processor for Arm and x86 host processors, adding or expanding AI capabilities in a system without a redesign of the underlying platform.
Existing installations of cameras, gateways or industrial controllers often have limited AI capabilities, or none at all, but may have years of operating life remaining. Owners and operators of these older deployments are now requesting AI features that were unavailable when the hardware was built. Millions of systems working in the physical world fall into this category. X7 is intended for OEMs and system builders responsible for that existing installed base, and for teams validating new AI features before committing resources toward a next-generation redesign. For physical AI, a category describing machines that perceive, reason and act in the physical world, X7 allows these machines to gain intelligence over their lifetimes.
"Many of our customers’ systems in the field were designed before the AI workloads their end users now expect were possible," said Fermi Wang, President and CEO of Ambarella. "X7 brings the same third-generation CVflow engine that runs in more than 50 million of our AI SoCs to platforms our customers have already deployed at scale. Our integrated SoCs remain the strongest choice when a team is designing the entire system around AI, while X7 extends the same engine to every other scenario, whether the platform is already in the field or still being prototyped."
Power, thermal limits and system cost
A camera or an inspection system that once ran a single detection model now runs several simultaneously, often combining conventional computer vision, vision-language models and a natural-language interface. Whether AI features like these can successfully operate in an embedded product depends on inflexible factors such as power, thermal headroom, latency and system cost. In current customer designs, X7 operates within a power envelope between 2 and 5 watts, allowing the accelerator to run within a platform’s existing constraints, maintain the enclosure size, and avoid unnecessary increases to the current bill of materials. X7 supports CNNs, vision transformers, multimodal transformers and hybrid networks using the same CVflow computer vision and deep learning processor Ambarella integrates into its SoCs.
How X7 integrates into a host system
X7 is a host-agnostic accelerator, connecting to the host over a single lane of PCIe Gen 3 or over USB 3.2 and appearing to the system as a standard PCIe device. The host can also be one of Ambarella's own SoCs, so a customer shipping an Ambarella-based product today has a path to improved AI performance for a given workload without a board redesign.
Software, tools and model support
X7 is supported by the Cooper™ Developer Platform, the same environment that serves every Ambarella AI SoC, including the compiler, quantization and profiling tools, the C++ and Python runtime APIs, and the scheduling and memory management that multi-model pipelines require. Models from the Cooper Model Garden in the Ambarella Developer Zone are designed to run on the X7 accelerator as well, with the same documentation, sample code and engineering support Ambarella provides to its SoC customers.
Because X7 shares the CVflow architecture with the overall Ambarella SoC portfolio, a model or perception pipeline built for one of the company’s SoCs is designed to carry forward to X7 without requiring a software rewrite, following the same path used when a product line moves to a next-generation integrated SoC. The CVflow architecture is now in its third generation. Ambarella has been building neural processing into its silicon since 2015, and its AI processors number more than 50 million operating in the field today.
XCalibur reference design
XCalibur is Ambarella's reference design and development platform for X7. A standard 2280 M.2 card with LPDDR5 memory and PCIe throughput above 840 MB/s, XCalibur can process several video streams and AI models simultaneously. Ambarella intends to make the complete XCalibur design files available to customers, enabling an OEM or ODM to move from evaluation to a production module on the same design.
Markets, channels and availability
Target applications include retail and physical security, industrial inspection and manufacturing, mobile robots and drones, intelligent transportation and critical infrastructure, and enterprise edge systems such as kiosks, point-of-sale terminals, gateways and on-premise AI appliances. X7 also opens markets for new designs built around a host processor from another supplier, as well as designs built on an Ambarella SoC that require additional AI performance. The X7 product is not specific to cameras and serves a wide variety of digital and physical data modalities, which makes it suitable for edge-infrastructure inference systems and for endpoints such as robots.
Ambarella is bringing X7 to market through the company’s direct sales channels as well as the indirect channels established via its relationships with Capgemini and Macnica announced on September 3, 2026. Capgemini works with large enterprises on complex deployments, while Macnica covers small and midsized customers, independent software vendors, OEMs, ODMs and systems integrators across the Americas and EMEA.
X7 is sampling now, and XCalibur evaluation kits are available to qualified customers. Ambarella will discuss X7 in further detail at the AI Infrastructure Summit, September 15-17 at the Santa Clara Convention Center.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy. For more information, please visit www.ambarella.com.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in AMBA over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Ambarella NASDAQ: AMBA Chief Executive Officer Fermi Wang said the fabless semiconductor company is positioning its system-on-chip portfolio for broader adoption of edge artificial intelligence, with opportunities spanning enterprise security, consumer video, wearables, automotive and edge infrastructure.
Ambarella, Inc. (AMBA) Citi's 2026 Global TMT Conference September 9, 2026 1:55 PM EDT
Company Participants
Fermi Wang - Co-Founder, President, CEO & Executive Chairman
Conference Call Participants
Wei Chia - Citigroup Inc., Research Division
Presentation
Wei Chia
Citigroup Inc., Research Division
Welcome to Day 2 of Citi TMT Conference. My name is Kelsey, one of the analyst here at Citi covering U.S. semis. We are very excited here today to have Fermi Wang, CEO of Ambarella, here with us to discuss more about the company and to share the outlook.
Question-and-Answer Session
Wei Chia
Citigroup Inc., Research Division
Perhaps to level set, Fermi, could you give us an overview of the company's heritage portfolio and also what opportunities you are the most excited here today?
Fermi Wang
Co-Founder, President, CEO & Executive Chairman
Right. Thank you, Kelsey. And first of all, thank you for joining us today. Ambarella is a fabless semiconductor company started in 2004. And throughout the years, we have been starting -- focusing on digital video application now in the last 10 years, really focused on building solutions for edge AI processing. Basically, what we are saying is that we're building a SoC that integrates not only just an inference engine, but also image processing pipeline, CPUs and peripheral so that we can become the SoC for the whole system.
And there are so many different verticals we are targeting at. Anything related to the edge device, which require AI inference, we are basically in there. The biggest markets like enterprise security to the portable video, to the telematics for automotive. And now we are talking about robotic application. In the latest earnings call, we talked about how to penetrate edge infrastructure with new partners like Capgemini and Macnica.
On September 09, 2026, Ambarella Inc AMBA shares rose 8.3% to a current price of $68.81. This increase comes amidst a recent 52-week range of $48.30 to $96.69, reflecting significant volatility in the stock price.
GF Value™ verdict: Current price at $68.81 is 17.8% below GF Value™ of $83.67.GF Score™ of 76/100 indicates an above-average assessment of the company's fundamentals.Notable insider activity: Insiders sold $19.0M worth of shares over the past 12 months, with no buying activity reported.Is AMBA Overvalued or Undervalued?Ambarella Inc AMBA currently trades at $68.81, which is below the GF Value™ estimate of $83.67, suggesting that the stock is undervalued by approximately 17.8%. However, it is essential to note that the GF Value™ is derived from historical trading multiples, past business growth, and future performance estimates, and may not be as reliable for companies that are unprofitable or experiencing cash flow challenges. Therefore, while the stock's price indicates potential undervaluation, caution is warranted due to the inherent risks associated with investing in a company that is not generating profits.
The GF Valuation label describes Ambarella as "Modestly Undervalued," which further aligns with the current pricing scenario. Nevertheless, the lack of profitability raises concerns about the sustainability of this valuation, as earnings-based metrics, like Price-to-Earnings (P/E), may not apply in this context. Instead, a Price-to-Sales (P/S) approach could be more relevant, especially given the historical median P/S ratio of approximately 8.1x.
How Does AMBA's Valuation Compare to Its History?MetricCurrentHistoricalForward P/E87.0xN/AGiven the unavailability of a trailing P/E ratio for Ambarella, the forward P/E of 87.0x highlights that the stock is significantly above traditional earnings-based valuation benchmarks. This suggests that the current valuation does not align with the historical averages typically used to assess price levels. Consequently, the P/E analysis indicates a divergence from the GF Value™ verdict, reinforcing the notion that the valuation may be skewed due to the company's ongoing financial struggles.
What Does AMBA's GF Score™ Tell Us?The GF Score™ evaluates a company's fundamentals across various dimensions, including financial strength, profitability, growth, valuation, and momentum. Ambarella's GF Score™ of 76/100 highlights a relatively strong performance overall, although the sub-ranks reveal some weaknesses in specific areas.
MetricRatingGF Score™76Financial Strength8/10Profitability3/10Growth7/10Valuation8/10Momentum8/10Ambarella demonstrates notable financial strength with a score of 8/10, indicating a solid balance sheet and ability to withstand economic pressures. However, the profitability rank of 3/10 reflects significant challenges in generating earnings, which is a critical area of concern for potential investors. The growth rank of 7/10 suggests that there are opportunities for growth, but without profitability, translating this growth into value remains uncertain. The valuation and momentum ranks of 8/10 highlight a positive outlook from a valuation perspective, yet the overall picture is clouded by the company's struggles in profitability.
What Are Gurus and Insiders Doing with AMBA?Currently, 5 investment gurus hold positions in Ambarella, with 1 guru adding to their stake and 3 trimming their positions in recent quarters. This activity reflects a mixed sentiment among institutional investors, suggesting caution as they navigate the company's challenges. Notably, insider activity has seen $19.0M in sales over the past year, with no reported buying, which could be interpreted as a lack of confidence from those closest to the company.
The insider selling trend raises questions about the company's future performance and may signal a lack of conviction in its prospects. While institutional interest remains, the outflow of insider ownership could indicate potential risks that investors should be aware of when considering AMBA's valuation and future trajectory.
What This Means for InvestorsBased on the current analysis, Ambarella Inc AMBA appears to be undervalued according to the GF Value™ assessment. However, the company’s ongoing unprofitability and cash flow issues should be taken into account, along with the mixed signals from guru and insider activity. This nuanced situation warrants careful consideration for anyone exploring opportunities in this stock. For further insights and detailed analysis, visit the Ambarella Inc (AMBA) stock page.
Frequently Asked QuestionsWhat is AMBA's GF Score™?
AMBA has a GF Score™ of 76/100, indicating above-average fundamentals relative to its peers.
Is AMBA overvalued or undervalued?
AMBA is currently considered undervalued based on the GF Value™ verdict, suggesting potential upside given the price discrepancy.
What is AMBA's P/E ratio?
AMBA has a forward P/E ratio of 87.0x, which is significantly above traditional valuation benchmarks, indicating a high premium on future earnings expectations.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Ambarella (NASDAQ:AMBA) reported fiscal second-quarter revenue of $108.1 million, up 7.7% sequentially and 13.2% from a year earlier, as record AI revenue and continued demand from automotive and IoT customers supported results. The company posted non-GAAP diluted earnings per share of $0.18, or non-GAAP net income of $8.2 million.
Revenue came in slightly above the midpoint of Ambarella’s prior outlook of $105 million to $111 million. Chief Financial Officer John Young said automotive revenue reached a new record, supported by commercial-vehicle adoption of AI technology. Automotive revenue grew slightly faster than the company’s IoT business, where enterprise-oriented operations outperformed consumer-led businesses.
Margins, cash flow and third-quarter outlook Non-GAAP gross margin was 59.3%, below the midpoint of the company’s prior 59% to 60.5% forecast. Non-GAAP operating expenses were $57.4 million, slightly below the midpoint of its projected $56 million to $59 million range. Ambarella ended the quarter with $272.3 million in cash and marketable securities, down $5.5 million sequentially but up $11.1 million from a year earlier. The sequential decline primarily reflected higher payments for intellectual-property licenses. Operating cash flow was negative $260,000, while free cash flow was negative $7.1 million after $6.8 million in capital expenditures.
The board authorized a new $50 million stock-repurchase program through June 30, 2027. Ambarella did not repurchase shares during the fiscal second quarter.
For the fiscal third quarter ending Oct. 31, Ambarella forecast revenue of $115 million to $124 million, with a midpoint of $119.5 million. The company expects IoT physical-AI demand to lead growth at the midpoint. It forecast non-GAAP gross margin of 59% to 60% and non-GAAP operating expenses of $56.5 million to $59.5 million.
Memory constraints remain an industry concern President and CEO Fermi Wang said rising memory prices and limited supply are affecting the wider technology supply chain as memory vendors prioritize AI data-center demand. Ambarella said it is helping customers pursue workarounds and expects to pass through its own higher supply-chain costs to protect its long-term gross-margin target of 59% to 62%.
Wang clarified during the question-and-answer session that memory costs do not directly affect Ambarella’s gross margin because the company does not buy and resell memory. Instead, the concern is that higher memory prices could affect customers’ product volumes and, in turn, their chip purchases.
The company said it saw little effect from memory constraints on second- and third-quarter revenue, but it is monitoring potential impacts in the fourth quarter. Wang said that, absent a material memory-related effect, investors should expect normal fourth-quarter seasonality.
Expanded market forecast and edge-infrastructure push Ambarella raised its five-year serviceable available market forecast to $22.9 billion in fiscal 2032, from $8.5 billion in fiscal 2027, representing an estimated compound annual growth rate of about 20%. The company said IoT markets are expected to account for roughly 70% of the terminal-year opportunity.
Wang said the largest driver of the revised forecast is the company’s expansion into edge infrastructure, where enterprises use on-premise AI inference hardware to improve operational efficiency. He identified security, retail, lodging, logistics and healthcare among the potential markets.
The company is developing additional AI systems-on-chip products and a standalone AI accelerator line for edge infrastructure. Wang previewed the X7 accelerator, which is sampling and is expected to secure initial design wins in edge-infrastructure applications. The accelerator can serve as a co-processor for Arm- and x86-based host systems and can also be paired with Ambarella’s own chips.
Wang said the X7 is designed to operate in a roughly 4- to 5-watt power envelope and requires a smaller memory footprint than GPU-based alternatives for certain workloads. He acknowledged that the market includes competitors such as NVIDIA and Qualcomm as well as numerous startups, but said Ambarella intends to compete on power efficiency, cost and its hardware-software platform.
Partners and semi-custom opportunities Ambarella announced two partnerships intended to establish an indirect sales channel: a strategic partnership with Capgemini and a seven-year agreement with technical distributor Macnica. The company said the relationships are designed to expand access to customers that have largely been unserved by Ambarella’s historically direct-sales model.
Capgemini is expected to focus on larger enterprise deployments, while Macnica is expected to aggregate smaller and midsize customers in fragmented markets. Both partners will use Ambarella’s Cooper development platform, according to Wang.
Management said meaningful revenue from the indirect-channel effort is expected in two to three years, though smaller design wins could generate revenue sooner. Wang said the company expects each partnership could produce about $500 million in revenue over seven years, while Customer Growth Officer Muneyb Minhazuddin said the estimates reflect different models: Macnica as a volume-oriented distribution opportunity and Capgemini as a higher-value, more complex enterprise opportunity.
Ambarella also said its first semi-custom project, a 2-nanometer CVAS system-on-chip, remains expected to generate initial production revenue in fiscal 2028. Young said a separate customer-development project that resulted in a $9 million reduction in GAAP research-and-development expense was not among the semi-custom projects and involved an automotive autonomy customer.
During the quarter, the company cited customer wins and engagements spanning quadruped robotics, enterprise video intercoms, trail cameras, AI monitoring, driver monitoring and camera-monitoring systems. Wang said Ambarella has added to the robotics design-win pipeline discussed in the prior quarter and raised its related revenue target, though the company did not provide updated figures.
About Ambarella (NASDAQ:AMBA) Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella’s platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.
Ambarella’s product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.
Ambarella (AMBA - Free Report) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +12.50%. A quarter ago, it was expected that this video-compression chipmaker would post earnings of $0.11 per share when it actually produced earnings of $0.11, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Ambarella, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $108.13 million for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 0.09%. This compares to year-ago revenues of $95.51 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ambarella shares have lost about 5.2% since the beginning of the year versus the S&P 500's gain of 12%.
What's Next for Ambarella?While Ambarella has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ambarella was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.28 on $119.46 million in revenues for the coming quarter and $0.77 on $440.71 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Computer and Technology sector, Descartes Systems (DSGX - Free Report) , is yet to report results for the quarter ended July 2026. The results are expected to be released on September 10.
This logistics provider is expected to post quarterly earnings of $0.57 per share in its upcoming report, which represents a year-over-year change of +32.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Descartes Systems' revenues are expected to be $199.04 million, up 10.7% from the year-ago quarter.
Ambarella, Inc. (AMBA) Q2 2027 Earnings Call September 3, 2026 4:30 PM EDT
Company Participants
Louis Gerhardy - Vice President of Corporate Development
Fermi Wang - Co-Founder, President, CEO & Executive Chairman
John Young - Chief Financial Officer
Muneyb Minhazuddin - Customer Growth Officer
Conference Call Participants
Dylan Ollivier
Joseph Moore - Morgan Stanley, Research Division
Tore Svanberg - Stifel, Nicolaus & Company, Incorporated, Research Division
Quinn Bolton - Needham & Company, LLC, Research Division
Kevin Cassidy - Rosenblatt Securities Inc., Research Division
Sujeeva De Silva - ROTH Capital Partners, LLC, Research Division
Liam Pharr - BofA Securities, Research Division
Auguste Richard - Northland Capital Markets, Research Division
Martin Yang - Oppenheimer & Co. Inc., Research Division
Presentation
Operator
Thank you for standing by, and welcome to the Ambarella's Second Quarter Fiscal Year 2027 Earnings Call. [Operator Instructions] As a reminder, today's program is being recorded.
And now I'd like to introduce your host for today's program, Louis Gerhardy, Vice President, Corporate Development. Please go ahead, sir.
Louis Gerhardy
Vice President of Corporate Development
Thank you, Jonathan, and good afternoon. Thank you for joining our second quarter fiscal year 2027 financial results conference call. On the call with me today is Dr. Fermi Wang, President and CEO; and John Young, CFO.
The primary purpose of today's call is to provide you with information regarding the results for our second quarter of fiscal year 2027. The discussion today and the responses to your questions will contain forward-looking statements regarding our projected financial results, financial prospects, market growth and demand for our solutions, among other things.
These statements are based on currently available information and subject to risks, uncertainties and assumptions. Should any of these risks or uncertainties materialize or should our assumptions prove to be incorrect, our actual results could differ materially from these forward-looking statements. We're under no obligation to update these statements. These
Capgemini to provide engineering, integration, and industry expertise to support Ambarella's next phase of growth | Source: Ambarella
SANTA CLARA, Calif. and NEW YORK, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, and Capgemini (Euronext Paris: CAP), the global AI-driven business and technology transformation company, today announced their engagement to accelerate the development and deployment of Edge and Physical AI solutions across smart infrastructure, retail and logistics, industrial automation, healthcare, and automotive sectors.
Under the agreement, Capgemini will provide engineering, systems integration, and industry expertise to help accelerate customer adoption of Ambarella's Edge and Physical AI technologies. The work will focus on developing solutions that enable AI processing closer to where data is generated, including in cameras, vehicles, industrial equipment, robotics systems, and other intelligent devices.
Capgemini will provide services to help Ambarella ideate and establish a dedicated global Edge and Physical AI Center of Excellence designed to accelerate solution development, proof-of-concept initiatives, technology validation, and deployment readiness for enterprise customers. Capgemini’s experts will also work with relevant technology providers and ecosystem participants to help deliver complete solutions suited to enterprise deployment requirements.
“Edge and Physical AI represent an important opportunity to extend AI from the data center into cameras, robots, vehicles, machines and other systems that perceive and interact directly with the physical world,” said Fermi Wang, President and Chief Executive Officer of Ambarella. “Customers increasingly need full stack solutions that combine AI compute, software, and applications on integrated systems. Our work with Capgemini will help create a scalable path from Ambarella technology to enterprise applications and ultimately, production deployments.”
With these initiatives Capgemini will help customers worldwide evaluate and deploy AI-enabled solutions tailored to their operational and business needs on Ambarella Platforms.
Ray Nath, Head of Sogeti in the US, part of Capgemini, noted, "Organizations are looking for practical ways to deploy AI closer to where critical business decisions are made. We are pleased to engage with Ambarella as they expand adoption of their industry-leading Edge and Physical AI technologies to help clients accelerate innovation across multiple industries."
By using Ambarella's Edge and Physical AI technology, delivered through Capgemini's world-class engineering and integration expertise, clients can bring AI capabilities closer to where data is generated, to accelerate the path from concept to production.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy.
For more information, please visit www.ambarella.com.
Capgemini is an AI-powered global business and technology transformation partner, delivering tangible business value. We imagine the future of organizations and make it real with AI, technology, and people. With our strong heritage of nearly 60 years, we are a responsible and diverse group of over 420,000 team members in more than 50 countries. We deliver end-to-end services and solutions with our deep industry expertise and strong partner ecosystem, leveraging our capabilities across strategy, technology, design, engineering and business operations. The Group reported 2025 global revenues of €22.5 billion.
Partnership expands Ambarella’s go-to-market reach through Macnica’s distribution, technical enablement and ecosystem development capabilities across the Americas and EMEA, driving significant potential net new revenues for Ambarella
Macnica to support ISVs, OEMs, ODMs, systems integrators and customers building and deploying solutions on Ambarella’s edge AI platform
SANTA CLARA, Calif., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced that it has entered into a long-term strategic distribution agreement with Macnica Americas, Inc. and Macnica ATD Europe S.A.S. (collectively, “Macnica”) to expand the availability and adoption of Ambarella’s edge AI infrastructure products and solutions across the Americas and EMEA.
Under the agreement, Ambarella has appointed Macnica as a non-exclusive authorized distributor for Ambarella edge AI infrastructure semiconductor devices and associated platforms, including Ambarella’s CV-series and N-series SoCs, systems-on-module (SOMs), edge AI systems, evaluation and development platforms, reference designs, software development kits and related solutions.
The agreement represents an important expansion of Ambarella’s indirect go-to-market strategy for edge AI infrastructure and Physical AI. The companies intend to combine Ambarella’s highly efficient AI silicon and full-stack software platform with Macnica’s semiconductor distribution capabilities, technical expertise, supply-chain infrastructure and customer relationships to help accelerate the development and deployment of edge AI solutions. This has the potential to drive significant potential net new revenues for Ambarella through indirect channels.
The relationship extends beyond traditional product distribution. Macnica will work with Ambarella to develop and support an ecosystem of independent software vendors (ISVs), OEMs, ODMs, systems integrators and other channel partners building solutions around Ambarella’s edge AI platform. These activities are expected to include partner recruitment and onboarding, technical integration support, design-in assistance, joint go-to-market programs, demand-generation activities and customer deployment support.
“As edge and Physical AI workloads become increasingly sophisticated, customers need more than silicon alone—they need complete technology ecosystems that can support them from initial evaluation and design-in through deployment,” said Fermi Wang, President and Chief Executive Officer of Ambarella. “Our strategic relationship with Macnica expands Ambarella’s ability to serve these customers by combining our highly efficient edge AI platform with Macnica’s distribution reach, technical capabilities and ecosystem expertise. Together, we intend to make it easier for customers and partners to bring innovative edge AI solutions to market.”
Macnica will provide customers, channel partners and ISVs with pre-sales technical consultation, product evaluation support, design-in assistance, SDK integration support and post-sales technical support. The companies will also collaborate on industry events, marketing programs and other demand-generation activities designed to increase awareness and adoption of Ambarella’s edge AI technology.
“Ambarella’s edge AI platform aligns closely with Macnica’s Capture → Process → Communicate strategy and our focus on enabling advanced intelligent systems,” said Aki Miyoshi, Co-CEO, Macnica, Inc. “By combining Ambarella’s AI processing technology with Macnica’s engineering expertise, distribution infrastructure and ecosystem relationships, we intend to help customers and partners move efficiently from evaluation and development to commercial deployment across the Americas and EMEA.”
The companies initially plan to focus their collaboration on applications including intelligent video analytics, smart infrastructure, autonomous robotics and mobility, industrial IoT, intelligent transportation, retail analytics, security and surveillance, and distributed edge computing.
The agreement begins with a structured commercial development and market-validation phase focused on establishing joint go-to-market capabilities, developing customer opportunities, enabling ecosystem partners and validating Ambarella-based solutions in the market. The companies expect to expand their collaboration as customer engagements, design activity and the supporting partner ecosystem scale.
Through the combined ecosystem, customers will be able to work with Ambarella and Macnica partners to assemble solutions spanning AI silicon, systems, software and integration services. This partner-led approach is intended to reduce integration complexity and shorten the path from evaluation and proof-of-concept to production deployment for enterprises adopting edge AI and Physical AI technologies.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones and emerging robotic applications.
Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep-learning neural-network AI accelerators, enabling electronic systems to achieve increasing levels of machine autonomy.
For more information, please visit www.ambarella.com.
About Macnica
Macnica, Inc. is a service/solution company that handles the latest technologies in a comprehensive manner, centered on semiconductors and cyber security. Developing business in 100 locations in 33 countries/regions around the world, leveraging the technological capabilities and global network cultivated over a history of more than 50 years, we discover, propose, and implement cutting-edge technologies such as AI, IoT, and autonomous driving.
Through Macnica Americas, Inc. and Macnica ATD Europe S.A.S., Macnica supports customers across the Americas and EMEA with technical support, design services and ecosystem capabilities spanning Capture → Process → Communicate architectures.
Learn more at www.macnica.com/americas and www.macnica.com/eu.
Ambarella Contacts
Media contact: Jonathan Miller, [email protected], +1 408-365-4348Investor contact: Louis Gerhardy, [email protected], +1 408-636-2310Sales contact: https://www.ambarella.com/contact-us/
SANTA CLARA, Calif., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced second quarter fiscal 2027 financial results for the period ended July 31, 2026.
Revenue for the second quarter of fiscal 2027 was $108.1 million, up 13.2% from $95.5 million in the same period in fiscal 2026. For the six months ended July 31, 2026, revenue was $208.5 million, up 14.9% from $181.4 million for the six months ended July 31, 2025.Gross margin under U.S. generally accepted accounting principles (GAAP) for the second quarter of fiscal 2027 was 57.7%, compared with 58.9% for the same period in fiscal 2026. For the six months ended July 31, 2026, GAAP gross margin was 58.0%, compared with 59.4% for the six months ended July 31, 2025.GAAP net loss for the second quarter of fiscal 2027 was $6.7 million, or loss per diluted ordinary share of $0.15, compared with a GAAP net loss of $20.0 million, or loss per diluted ordinary share of $0.47, for the same period in fiscal 2026. GAAP net loss for the six months ended July 31, 2026 was $24.8 million or loss per diluted ordinary share of $0.57. This compares with GAAP net loss of $44.3 million, or loss per diluted ordinary share of $1.05, for the six months ended July 31, 2025. Financial results on a non-GAAP basis for the second quarter of fiscal 2027 are as follows:
Gross margin on a non-GAAP basis for the second quarter of fiscal 2027 was 59.3%, compared with 60.5% for the same period in fiscal 2026. For the six months ended July 31, 2026, non-GAAP gross margin was 59.6%, compared with 61.2% for the six months ended July 31, 2025.Non-GAAP net income for the second quarter of fiscal 2027 was $8.2 million, or earnings per diluted ordinary share of $0.18. This compares with non-GAAP net income of $6.4 million, or earnings per diluted ordinary share of $0.15, for the same period in fiscal 2026. Non-GAAP net income for the six months ended July 31, 2026 was $13.3 million, or earnings per diluted ordinary share of $0.30. This compares with non-GAAP net income of $9.5 million, or earnings per diluted ordinary share of $0.22, for the six months ended July 31, 2025. Based on information available as of today, Ambarella is offering the following guidance for the third quarter of fiscal year 2027, ending October 31, 2026:
Revenue is expected to be between $115.0 million and $124.0 million.Gross margin on a non-GAAP basis is expected to be between 59.0% and 60.0%.Non-GAAP operating expenses are expected to be between $56.5 million and $59.5 million.
Ambarella reports gross margin, net income (loss) and earnings (losses) per share in accordance with GAAP and, additionally, on a non-GAAP basis. Non-GAAP financial information excludes the impact of stock-based compensation and acquisition-related costs adjusted for the associated tax impact, which includes the effect of any benefits or shortfalls recognized. In addition, in our second quarter of fiscal 2027, we recognized a one-time $9.0 million reduction in our GAAP research and development expense on release of a deposit liability following the termination of a development project. Given the nature of this credit and that it is non-recurring, we excluded it from operating expenses for the purpose of reporting non-GAAP financial results. A reconciliation of the GAAP to non-GAAP gross margin, net income (loss) and earnings (losses) per share for the periods presented, as well as a description of the items excluded from the non-GAAP calculations, is included in the financial statements portion of this press release.
Total cash, cash equivalents and marketable debt securities on hand at the end of the second quarter of fiscal 2027 was $272.3 million, compared with $277.8 million at the end of the prior quarter and $261.2 million at the end of the same quarter a year ago.
“Our edge AI revenue reached record levels in Q2, with balanced sequential growth in Auto and IoT markets with very strong growth from our 5nm CV75 and CV72 AI SoCs. We are making significant progress with our strategic priorities to extend our market reach with new higher value products and the implementation of new go-to-market strategies. These include the introduction of our first stand-alone AI Accelerator, X7, and the execution of 7-year agreements to develop the indirect sales channel with both Macnica, a leading global technical distributor, and CapGemini, a leading global engineering and systems integration firm,” said Fermi Wang, President & CEO. “These developments are contributing to an increase in our 5-year serviceable market (“SAM”) forecast for edge AI and Physical AI.”
Quarterly Conference Call
Ambarella plans to hold a conference call at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time today with Fermi Wang, President and Chief Executive Officer, and John Young, Chief Financial Officer, to discuss the second quarter of fiscal year 2027 results. A live and archived webcast of the call will be available on Ambarella’s website at http://www.ambarella.com/ for up to 30 days after the call.
About Ambarella
With an installed base of more than 50 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy. For more information, please visit www.ambarella.com.
"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements that are not historical facts and often can be identified by terms such as “outlook,” “projected,” “intends,” “will,” “estimates,” “anticipates,” “expects,” “believes,” “could,” “should,” or similar expressions, including the guidance for the third quarter of fiscal year 2027 ending October 31, 2026, and the comments of our CEO relating to demand for edge AI solutions, our progress with strategic priorities to extend our market reach, our ability to successfully build an indirect sales channel, the forecasted size of our serviceable market (“SAM”), and our ability to successfully penetrate the edge AI and Physical AI markets. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. Our actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of our future performance.
The risks and uncertainties referred to above include, but are not limited to, global economic and political conditions; changes in government policies, including possible trade tariffs and restrictions; revenue being generated from new customers or design wins, neither of which is assured; the commercial success of our customers’ products; our customers’ ability to manage their inventory requirements; our growth strategy; our ability to anticipate future market demands and future needs of our customers, particularly for AI inference applications; our ability to introduce, and to generate revenue from, new and enhanced solutions; our ability to develop, and to generate revenue from, new advanced technologies, such as AI functionality and advanced networks, including vision-language models and GenAI; our ability to retain and expand customer relationships and to achieve design wins; the expansion of our current markets and our ability to successfully enter new markets and applications, such as edge infrastructure; anticipated trends and challenges, including competition, in the markets in which we operate; risks associated with global health conditions and associated risk mitigation measures; our ability to effectively manage growth; our ability to retain key employees; and the potential for intellectual property disputes or other litigation.
Further information on these and other factors that could affect our financial results is included in the company’s Annual Report on Form 10-K for our 2026 fiscal year, which is on file with the Securities and Exchange Commission. Additional information will also be set forth in the company’s quarterly reports on Form 10-Q, annual reports on Form 10-K and other filings the company makes with the Securities and Exchange Commission from time to time, copies of which may be obtained by visiting the Investor Relations portion of our web site at www.ambarella.com or the SEC's web site at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. The results we report in our Quarterly Report on Form 10-Q for the second quarter of fiscal 2027 ended July 31, 2026 could differ from the preliminary results announced in this press release.
Ambarella assumes no obligation and does not intend to update the forward-looking statements made in this press release, except as required by law.
Non-GAAP Financial Measures
The company has provided in this release non-GAAP financial information, including non-GAAP gross margin, net income (loss), and earnings (losses) per share, as a supplement to the condensed consolidated financial statements, which are prepared in accordance with generally accepted accounting principles ("GAAP"). Management uses these non-GAAP financial measures internally in analyzing the company’s financial results to assess operational performance and liquidity. The company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning, forecasting and analyzing future periods. Further, the company believes these non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key financial metrics that the company uses in making operating decisions and because the company believes that investors and analysts use them to help assess the health of its business and for comparison to other companies. Non-GAAP results are presented for supplemental informational purposes only for understanding the company’s operating results. The non-GAAP information should not be considered a substitute for financial information presented in accordance with GAAP and may be different from non-GAAP measures used by other companies.
With respect to its financial results for the second quarter of fiscal year 2027, the company has provided below reconciliations of its non-GAAP financial measures to its most directly comparable GAAP financial measures. With respect to the company’s expectations for the third quarter of fiscal year 2027, a reconciliation of non-GAAP gross margin and non-GAAP operating expenses guidance to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability and low visibility with respect to the charges excluded from these non-GAAP measures. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.
AMBARELLA, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share data)(unaudited) Three Months Ended July 31, Six Months Ended July 31, 2026 2025 2026 2025 Revenue $108,125 $95,511 $208,482 $181,383 Cost of revenue 45,709 39,280 87,477 73,616 Gross profit 62,416 56,231 121,005 107,767 Operating expenses: Research and development 50,581 59,734 108,721 118,553 Selling, general and administrative 19,978 18,486 39,843 37,061 Total operating expenses 70,559 78,220 148,564 155,614 Loss from operations (8,143) (21,989) (27,559) (47,847) Other income, net 1,806 2,247 3,889 4,422 Loss before income taxes (6,337) (19,742) (23,670) (43,425) Provision for income taxes 352 253 1,112 898 Net loss $(6,689) $(19,995) $(24,782) $(44,323) Net loss per share attributable to ordinary shareholders: Basic $(0.15) $(0.47) $(0.57) $(1.05)Diluted $(0.15) $(0.47) $(0.57) $(1.05)Weighted-average shares used to compute net loss per share attributable to ordinary shareholders: Basic 44,005,576 42,546,979 43,805,429 42,383,475 Diluted 44,005,576 42,546,979 43,805,429 42,383,475 The following tables present details of stock-based compensation, acquisition-related costs and development project termination credit, included in each functional line item in the condensed consolidated statements of operations above:
Three Months Ended July 31, Six Months Ended July 31, 2026
2025
2026
2025
(unaudited, in thousands) Stock-based compensation: Cost of revenue$951 $780 $1,734 $1,731 Research and development 14,007 16,972 27,721 34,557 Selling, general and administrative 7,742 7,436 15,138 15,030 Total stock-based compensation$22,700 $25,188 $44,593 $51,318 Three Months Ended July 31, Six Months Ended July 31, 2026
2025
2026
2025
(unaudited, in thousands) Acquisition-related costs: Cost of revenue$757 $757 $1,514 $1,514 Research and development — — — — Selling, general and administrative 456 456 912 912 Total acquisition-related costs$1,213 $1,213 $2,426 $2,426 Three Months Ended July 31, Six Months Ended July 31, 2026
2025
2026
2025
(unaudited, in thousands) Development project termination credit: Cost of revenue$— $— $— $— Research and development (9,000) — (9,000) — Selling, general and administrative — — — — Total development project termination credit$(9,000) $— $(9,000) $— The difference between GAAP and non-GAAP gross margin was 1.6% and 1.6%, or $1.7 million and $1.5 million, for the three months ended July 31, 2026 and 2025, respectively. The difference between GAAP and non-GAAP gross margin was 1.6% and 1.8%, or $3.2 million and $3.2 million, for the six months ended July 31, 2026 and 2025, respectively. The differences were due to the effect of stock-based compensation and acquisition-related costs.
AMBARELLA, INC.RECONCILIATION OF GAAP TO NON-GAAP DILUTED EARNINGS (LOSSES) PER SHARE(in thousands, except share and per share data) Three Months Ended July 31, Six Months Ended July 31, 2026
2025
2026
2025
(unaudited)GAAP net loss$(6,689) $(19,995) $(24,782) $(44,323) Non-GAAP adjustments: Stock-based compensation expense 22,700 25,188 44,593 51,318 Acquisition-related costs 1,213 1,213 2,426 2,426 Development project termination credit (9,000) — (9,000) — Income tax effect 9 22 29 36 Non-GAAP net income$8,233 $6,428 $13,266 $9,457 GAAP - diluted weighted average shares 44,005,576 42,546,979 43,805,429 42,383,475 Non-GAAP - diluted weighted average shares 44,515,009 42,946,324 44,207,416 42,698,780 GAAP - diluted net loss per share$(0.15) $(0.47) $(0.57) $(1.05)Non-GAAP adjustments: Stock-based compensation expense 0.52 0.59 1.02 1.21 Acquisition-related costs 0.03 0.03 0.06 0.06 Development project termination credit (0.20) — (0.21) — Income tax effect — — — — Effect of Non-GAAP - diluted weighted average shares (0.02) — — — Non-GAAP - diluted net income per share$0.18 $0.15 $0.30 $0.22 AMBARELLA, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(unaudited, in thousands) July 31, January 31, 2026 2026 ASSETS Current assets: Cash and cash equivalents$101,850 $191,019 Marketable debt securities 170,482 121,552 Accounts receivable, net 37,440 39,180 Inventories 76,923 52,246 Restricted cash 442 442 Prepaid expenses and other current assets 6,885 5,836 Total current assets 394,022 410,275 Property and equipment, net 12,061 11,553 Intangible assets, net 56,672 58,046 Operating lease right-of-use assets, net 10,923 12,118 Goodwill 303,625 303,625 Other non-current assets 2,902 2,983 Total assets$780,205 $798,600 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable 26,478 54,029 Accrued and other current liabilities 86,490 97,964 Operating lease liabilities, current 2,229 2,027 Income taxes payable 2,309 1,531 Deferred revenue, current 20,865 22,393 Total current liabilities 138,371 177,944 Operating lease liabilities, non-current 10,413 11,408 Other long-term liabilities 11,105 14,459 Total liabilities 159,889 203,811 Shareholders' equity: Preference shares — — Ordinary shares 20 19 Additional paid-in capital 973,864 922,119 Accumulated other comprehensive income (loss) (864) 573 Accumulated deficit (352,704) (327,922)Total shareholders’ equity 620,316 594,789 Total liabilities and shareholders' equity$780,205 $798,600 Contact: Louis Gerhardy
408.636.2310 [email protected]
Information in Investor’s Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, including with respect to information that appears in closed captioning. Historical investment performances are no indication or guarantee of future success or performance. Authors/presenters may own the stocks they discuss. We make no representations or warranties regarding the advisability of investing in any particular securities or utilizing any specific investment strategies. Information is subject to change without notice. For information on use of our services, please see our Terms of Use.
*Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by LSEG and Estimate data provided by FactSet.
IBD, IBD Digital, IBD Live, IBD Weekly, Investor's Business Daily, Leaderboard, MarketDiem, MarketSurge and other marks are trademarks owned by Investor's Business Daily, LLC.
Ambarella Inc. (NASDAQ:AMBA) posted its fiscal 2027 second-quarter results after Thursday’s closing bell, beating estimates but leaving investors unsatisfied. Here’s a look at the details inside the report.
AMBA stock is moving. Watch the price action here. Ambarella Q2 Details Ambarella reported quarterly adjusted earnings of 18 cents per share, which beat the Street estimate of 17 cents, per Benzinga Pro data.
Quarterly revenue came in at $108.13 million, which beat the $107.75 million consensus estimate.
Gross margin on a non-GAAP basis for the second quarter of fiscal 2027 was 59.3%, compared with 60.5% for the same period last year and for the six months ended July 31, 2026, non-GAAP gross margin was 59.6%, compared with 61.2% in 2025.
“Our edge AI revenue reached record levels in Q2, with balanced sequential growth in Auto and IoT markets with very strong growth from our 5nm CV75 and CV72 AI SoCs,” said CEO Fermi Wang.
Read Next
“We are making significant progress with our strategic priorities to extend our market reach with new higher value products and the implementation of new go-to-market strategies,” Wang added.
Trending
AMBA Stock Price: According to data from Benzinga Pro, Ambarella stock was down 5.05% to $63.38 in Thursday’s extended trading.
Photo: Shutterstock
Market News and Data brought to you by Benzinga APIs
3 Picks-and-Shovels Stocks Powering the Humanoid Robotics BuildoutAmbarella NASDAQ: AMBA reported fiscal second-quarter revenue of $108.1 million, up 7.7% sequentially and 13.2% from a year earlier, as record AI revenue and continued demand from automotive and IoT customers supported results. The company posted non-GAAP diluted earnings per share of $0.18, or non-GAAP net income of $8.2 million.
Revenue came in slightly above the midpoint of Ambarella’s prior outlook of $105 million to $111 million. Chief Financial Officer John Young said automotive revenue reached a new record, supported by commercial-vehicle adoption of AI technology. Automotive revenue grew slightly faster than the company’s IoT business, where enterprise-oriented operations outperformed consumer-led businesses.
Get Ambarella alerts:
Margins, cash flow and third-quarter outlook This Edge AI Stock Just Got a Huge Vote of Confidence From Wall StreetNon-GAAP gross margin was 59.3%, below the midpoint of the company’s prior 59% to 60.5% forecast. Non-GAAP operating expenses were $57.4 million, slightly below the midpoint of its projected $56 million to $59 million range.
Ambarella ended the quarter with $272.3 million in cash and marketable securities, down $5.5 million sequentially but up $11.1 million from a year earlier. The sequential decline primarily reflected higher payments for intellectual-property licenses. Operating cash flow was negative $260,000, while free cash flow was negative $7.1 million after $6.8 million in capital expenditures.
MarketBeat Week in Review – 09/01 - 09/05The board authorized a new $50 million stock-repurchase program through June 30, 2027. Ambarella did not repurchase shares during the fiscal second quarter.
For the fiscal third quarter ending Oct. 31, Ambarella forecast revenue of $115 million to $124 million, with a midpoint of $119.5 million. The company expects IoT physical-AI demand to lead growth at the midpoint. It forecast non-GAAP gross margin of 59% to 60% and non-GAAP operating expenses of $56.5 million to $59.5 million.
Memory constraints remain an industry concern President and CEO Fermi Wang said rising memory prices and limited supply are affecting the wider technology supply chain as memory vendors prioritize AI data-center demand. Ambarella said it is helping customers pursue workarounds and expects to pass through its own higher supply-chain costs to protect its long-term gross-margin target of 59% to 62%.
Wang clarified during the question-and-answer session that memory costs do not directly affect Ambarella’s gross margin because the company does not buy and resell memory. Instead, the concern is that higher memory prices could affect customers’ product volumes and, in turn, their chip purchases.
The company said it saw little effect from memory constraints on second- and third-quarter revenue, but it is monitoring potential impacts in the fourth quarter. Wang said that, absent a material memory-related effect, investors should expect normal fourth-quarter seasonality.
Expanded market forecast and edge-infrastructure push Ambarella raised its five-year serviceable available market forecast to $22.9 billion in fiscal 2032, from $8.5 billion in fiscal 2027, representing an estimated compound annual growth rate of about 20%. The company said IoT markets are expected to account for roughly 70% of the terminal-year opportunity.
Wang said the largest driver of the revised forecast is the company’s expansion into edge infrastructure, where enterprises use on-premise AI inference hardware to improve operational efficiency. He identified security, retail, lodging, logistics and healthcare among the potential markets.
The company is developing additional AI systems-on-chip products and a standalone AI accelerator line for edge infrastructure. Wang previewed the X7 accelerator, which is sampling and is expected to secure initial design wins in edge-infrastructure applications. The accelerator can serve as a co-processor for Arm- and x86-based host systems and can also be paired with Ambarella’s own chips.
Wang said the X7 is designed to operate in a roughly 4- to 5-watt power envelope and requires a smaller memory footprint than GPU-based alternatives for certain workloads. He acknowledged that the market includes competitors such as NVIDIA and Qualcomm as well as numerous startups, but said Ambarella intends to compete on power efficiency, cost and its hardware-software platform.
Partners and semi-custom opportunities Ambarella announced two partnerships intended to establish an indirect sales channel: a strategic partnership with Capgemini and a seven-year agreement with technical distributor Macnica. The company said the relationships are designed to expand access to customers that have largely been unserved by Ambarella’s historically direct-sales model.
Capgemini is expected to focus on larger enterprise deployments, while Macnica is expected to aggregate smaller and midsize customers in fragmented markets. Both partners will use Ambarella’s Cooper development platform, according to Wang.
Management said meaningful revenue from the indirect-channel effort is expected in two to three years, though smaller design wins could generate revenue sooner. Wang said the company expects each partnership could produce about $500 million in revenue over seven years, while Customer Growth Officer Muneyb Minhazuddin said the estimates reflect different models: Macnica as a volume-oriented distribution opportunity and Capgemini as a higher-value, more complex enterprise opportunity.
Ambarella also said its first semi-custom project, a 2-nanometer CVAS system-on-chip, remains expected to generate initial production revenue in fiscal 2028. Young said a separate customer-development project that resulted in a $9 million reduction in GAAP research-and-development expense was not among the semi-custom projects and involved an automotive autonomy customer.
During the quarter, the company cited customer wins and engagements spanning quadruped robotics, enterprise video intercoms, trail cameras, AI monitoring, driver monitoring and camera-monitoring systems. Wang said Ambarella has added to the robotics design-win pipeline discussed in the prior quarter and raised its related revenue target, though the company did not provide updated figures.
About Ambarella (NASDAQ:AMBA)Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella's platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.
Ambarella's product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Ambarella Right Now?Before you consider Ambarella, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ambarella wasn't on the list.
While Ambarella currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Ambarella is evolving beyond video processors, integrating AI-powered edge processing and sensor fusion into a unified platform. AMBA's competitive moat grows as its software-rich, end-to-end edge AI stack accumulates deployments and third-party support, raising barriers to entry. Product cycle momentum is driven by next-gen CV7/CV8 launches, higher ASPs, and strategic partnerships like Hanwha, supporting revenue and margin expansion.
SANTA CLARA, Calif., Aug. 11, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced it will hold its second quarter fiscal year 2027 earnings conference call on Thursday, September 3, 2026 at 1:30 p.m. (Pacific Time). The company will issue its earnings release after the market closes that same day.
Ambarella (AMBA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
The NXP Semiconductors logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 31 (Reuters) - NXP Semiconductors (NXPI.O), opens new tab is in talks to buy chip designer Ambarella (AMBA.O), opens new tab, the Financial Times reported on Friday, citing people familiar with the matter.
Shares of Ambarella, which has a market capitalization of $3.25 billion, jumped about 19%, while NXP shares fell more than 3%, following the report.
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
A potential deal can bolster NXP's capabilities in software-defined vehicles, radar and electrification, as Ambarella develops low-power AI chips and software for edge devices such as cameras, vehicles and robotics.
Discussions are ongoing and might not lead to a transaction, FT said.
NXP declined a Reuters requests for comment, while Ambarella did not immediately respond.
The development comes after NXP forecast quarterly revenue above analysts' estimates on Tuesday, signaling strong demand for its chips in automotive, industrial and data-center markets.
Reporting by Juby Babu in Mexico City; Editing by Vijay Kishore and Joyjeet Das
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Ambarella (AMBA - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Ambarella basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Ambarella imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for AmbarellaFor the fiscal year ending January 2027, this video-compression chipmaker is expected to earn $0.77 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Ambarella. Over the past three months, the Zacks Consensus Estimate for the company has increased 11.5%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Ambarella to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
This is a fair market value price provided by Massive. Learn more.
52-Week Range$48.30▼
$96.69Price Target$101.13
Ambarella’s NASDAQ: AMBA stock price has struggled with traction for years, but that may be coming to an end. The company's shift to computer vision and edge AI is paying off, and analysts are giving it the credit it deserves. Rosenblatt notably raised its price target to a Wall Street high of $120 in late June, calling the stock a Top Pick for the 2nd half of 2026.
In analyst Kevin Cassidy’s view, Ambarella is a pure play on physical AI, perhaps the ultimate play, as its low-power, high-performance System-on-a-Chip (SoC) designs provide utility across a wide range of use cases. With AI shifting to the application phase, Ambarella is well-positioned to capture market share in surveillance, drones, autonomous vehicles, and, most importantly, robotics.
Get Ambarella alerts:
Ambarella's Strengths Make It Mission-Critical for ManufacturersAmbarella’s advantages span four major pillars: efficiency, advanced processing capabilities, a unified software stack, and multi-sensor functionality. Power efficiency has been described as “extreme.” Edge AI processors handle many complex tasks at the sensor endpoint, reducing latency and the cost of sending data to the cloud, along with alleviating thermal and bandwidth constraints.
Advanced processing enables multi-functionality at the endpoint, including real-time quality enhancement, high-dynamic-range enhancement, and fisheye dewarping. The unified stack makes deployments easy, reducing original equipment manufacturer (OEM) time-to-market, while the multisensor functionality delivers industry-leading performance: integrating computer vision with AI-enhanced radar yields sharper edges on scanned objects, enabling safer operations for robots and vehicles.
Analyst Trends Firm Up: Ambarella Forecasted to Hit Long-Term HighsRosenblatt has not been the only analyst firm to take note. Analyst trends in early July include a firm consensus Moderate Buy rating, a 57% Buy-side bias among 14 tracked by MarketBeat, and a steadily increasing consensus price target. Up nearly 20% on a trailing 12-month basis, the consensus in early July forecasts about 20% upside from the critical support target and would be sufficient for a multi-year high. More importantly, the trend is moving toward the high end, and institutions are buying into the outlook.
Institutional trends have been equally bullish, providing support at the lower end of AMBA’s long-term range and limiting downside in the second half. As it stands, the group owns more than 80% of the stock and has accumulated at a pace of more than $2 to $1 over the trailing 12 months. Activity in Q2 2026 has been particularly bullish, with the balance ramping to nearly $24 bought for each $1 sold.
In this scenario, AMBA’s stock price could gain momentum as it advances, potentially triggering an influx of capital with a close at new highs. The opportunity for investors is to get into AMBA stock early, while it is still trading within its long-term range and before fear of missing out (FOMO) grips the market.
Short interest is another factor for investors to be aware of. The short interest is not astronomically high in early July, about 7%, but has been rising in recent reports. The risk is that short sellers can cap gains in this stock, but that is a near-term problem, given recent earnings results, guidance, and analyst activity. The more likely scenario is that shorts begin covering, if not over the summer, then by early fall when the subsequent earnings release is expected.
Ambarella Stock Poised for Gains With Catalysts AheadAmbarella’s guidance forecast a sequential acceleration in revenue and solid profitability metrics, tied to favorable commentary on demand dynamics, particularly in the automotive sector. Automotive revenue hit another record in Q1, driven by deepening penetration and strength in the commercial market.
Additionally, CEO Fermi Wang noted growing client interest in broader, deeper partnerships across end markets such as edge infrastructure and robotics, so guidance may be cautious. The Q2 results, expected in late August, will likely be better than forecast.
The long-term opportunity is growth, profits, and cash flow. Analysts are forecasting improvements in the coming quarters, but the data is limited. Few long-term price targets exist, and much of the available commentary does not account for the company’s growing strengths. The likely outcome is that results continue to accelerate sequentially, driving analysts into a persistently bullish revision cycle that helps bolster market sentiment (and stock prices) over time.
Ambarella’s stock price reflects the budding opportunity. While price action has remained within its trading range, Rosenblatt’s price target increase and commentary triggered a single-day 28% stock price increase, revealing a market ready to buy.
Not only does the action show strong support within the range, but the indicators suggest another upswing is likely. The question is whether AMBA will reach a new high sooner or later, and the answer may be sooner. Trading volume is on the rise, suggesting demand for AMBA is increasing and the available share count is dwindling.
Should You Invest $1,000 in Ambarella Right Now?Before you consider Ambarella, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ambarella wasn't on the list.
While Ambarella currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
On July 1, 2026, Ju Chi-Hong, a senior VP at Ambarella (AMBA 11.30%), disclosed the sale of 10,000 shares of common stock in an open-market transaction, according to a SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)10,000Transaction value$888,400.00Post-transaction shares (direct)155,924Post-transaction value (direct ownership)$13.8 millionTransaction value based on SEC Form 4 reported price ($88.84); post-transaction value based on July 1, 2026 market close.
Key questionsHow does the size of this sale compare to Ju Chi-Hong’s historical transaction activity?
This 10,000-share sale is larger than Ju Chi-Hong’s average sell-only transaction size (~3,569 shares) and exceeds the majority of recent transactions, though it remains below the maximum single sale of 11,213 shares recorded since July 2023.What impact does this trade have on the insider’s overall ownership in Ambarella?
Direct holdings decreased by 5.75%, leaving Ju Chi-Hong with 155,924 directly held shares and 8,000 indirectly held shares, maintaining a substantial continuing position in the company.Was the transaction executed at a premium, and what was the market context at the time?
The weighted average sale price was around $88.84 per share, compared to a July 1, 2026 market close of $88.34 and an opening price of $83.63, placing the execution price ~6.2% above the session’s open and nearly flat to the close.Company overviewMetricValuePrice (as of market close 2026-07-01)$88.84Market capitalization$3.44 billionRevenue (TTM)$405.19 million1-year price change16.40%* 1-year performance calculated using July 1st, 2026 as the reference date.
Company snapshotAmbarella develops advanced video processing and AI-powered system-on-chip (SoC) solutions for automotive, security, robotics, and consumer electronics applications.The firm generates revenue by selling high-performance semiconductor products to OEMs and ODMs, leveraging proprietary video compression and computer vision technology.It serves automotive manufacturers, security and surveillance providers, robotics firms, and consumer electronics brands seeking integrated imaging and AI capabilities.Ambarella, Inc. is a leading semiconductor company specializing in high-definition video processing and AI-based computer vision chips. The company’s integrated SoC designs enable superior image quality, low power consumption, and advanced analytics for a broad range of end markets. Ambarella’s strategic focus on automotive and security segments, combined with its deep expertise in video and AI, provides a competitive advantage in enabling next-generation intelligent devices.
What this transaction means for investorsChip company executives routinely sell to diversify pay that arrives mostly as equity, and the absence of a 10b5-1 plan suggests the timing was his call, and selling near $88.84 after the stock climbed from an $83.63 open seems like expected opportunism.
Fundamentally, the business itself has momentum. Revenue rose 16.9% to $100.4 million in the latest quarter as automotive revenue hit an all-time record, and management guided for $105 million to $111 million in revenue next quarter. The company still runs a GAAP loss, mostly from stock comp, but non-GAAP earnings improved to $0.11 per share and the board just authorized a new $50 million buyback. CEO Fermi Wang also gave reason to be optimistic, saying "demand signals for edge AI remain very strong."
For long-term investors, one insider trimming 5.75% of his stake matters far less than whether Ambarella can convert this edge AI demand into sustained profitability. With shares up 18% over the past year, slightly trailing the S&P 500's 20%, that path to real GAAP profits is the thing to watch.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Shares of Ambarella Inc. AMBA surged about 28% on Tuesday.
The rally came after Rosenblatt Securities identified the edge artificial intelligence chipmaker as one of its top technology stock picks for the second half of 2026, citing its strong positioning in the fast-growing physical AI market.
The brokerage included Ambarella among a select group of eight technology companies it believes offer attractive risk-reward profiles heading into the second half of the year.
Rosenblatt maintained a Buy rating on the stock and reiterated its $120 price target, implying approximately 79% upside from Monday's closing price.
The rally adds to an already strong run for the semiconductor company, whose shares have climbed 74% over the past three months.
Rosenblatt's bullish outlook centers on Ambarella's exposure to what it describes as the rapidly expanding physical AI market, where artificial intelligence is deployed directly on devices rather than relying solely on cloud-based computing.
The brokerage expects AI adoption to continue expanding beyond data centers into real-world applications that require intelligent processing close to the source of data.
"We see AMBA as a Physical AI pure play," analyst Kevin Cassidy wrote in a report released Tuesday.
Cassidy said Ambarella's semiconductor products are well positioned to benefit from growing demand for edge AI computing across multiple industries.
Edge AI applications remain a key growth driverRosenblatt's investment thesis is based largely on increasing demand for AI vision processors capable of delivering high-performance computing with low power consumption directly at the edge.
"Applications such as surveillance, robotics, industrial automation, drones and autonomous systems require high-performance, low-power AI vision processors close to the sensor," Cassidy said, adding, "Ambarella's algorithm first AI [security operations center] architecture delivers."
The brokerage believes these markets position Ambarella to benefit as AI inference increasingly shifts from centralized cloud infrastructure to connected devices such as cameras, autonomous vehicles, robots and industrial equipment.
Recent business developments also support that outlook. Ambarella recently reported record fiscal 2026 revenue, with Edge AI products accounting for approximately 80% of its business.
The company also signed a long-term agreement with Hanwha Group covering security, robotics and industrial automation.
The agreement represents a potential revenue opportunity of up to $800 million over more than a decade, although that figure is not guaranteed.
Despite the positive outlook, Ambarella continues to face execution challenges as it invests heavily to expand its Edge AI business.
The company's long-term growth thesis depends on its Edge AI system-on-chip platforms becoming a critical hardware layer as AI inference moves closer to cameras, vehicles and industrial devices.
Broader enterprise adoption and increased automotive deployments remain key catalysts for the business.
At the same time, higher research and development spending and rising operating costs could pressure financial performance if expected design wins and production volumes fail to materialize.
Ambarella also continues to face customer and geographic concentration risks, which could affect future growth.
According to long-term projections, Ambarella is expected to generate approximately $526.3 million in revenue and $74.3 million in earnings by 2028.
Achieving those figures would require annual revenue growth of about 14.8% and a significant improvement in profitability from its current earnings position.
John Alexander Young, Chief Financial Officer of Ambarella (AMBA +1.06%), reported the direct sale of 5,033 shares of Common Stock for a transaction value of approximately $340,000 on June 17, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)5,033Transaction value~$340,000Post-transaction shares (direct)112,590Post-transaction value (direct ownership)~$7.4 millionTransaction value based on SEC Form 4 weighted average reported price ($67.54); post-transaction value based on June 17, 2026 market close price.
Key questionsHow does this sale compare to John Young's historical trading pattern?
In the past year, Young executed eight sales, with the current sale of 5,033 shares ranking at the higher end of his typical transaction size, which averaged 2,845 shares per sale; this larger trade reflects the reduced remaining holdings rather than a voluntary scale-up.Did the transaction involve any indirect holdings or derivative securities?
No, the sale was limited to direct ownership of Common Stock; no indirect holdings or options were involved in the transaction.What is the impact on Young's overall economic exposure to Ambarella?
While direct Common Stock holdings decreased by 4.28%, Young's direct Common Stock holdings after the transaction total 112,590 shares.Company overviewMetricValuePrice (as of market close 2026-06-17)$65.88Market capitalization$3.07 billionRevenue (TTM)$405.19 million1-year price change35.39%* 1-year performance calculated using June 17, 2026 as the reference date.
Company snapshotAmbarella develops advanced system-on-a-chip (SoC) solutions integrating high-definition video processing, AI computer vision, and image manipulation for automotive, security, robotics, and consumer electronics markets.The company generates revenue by designing and selling semiconductor solutions to OEMs and ODMs, leveraging both direct sales and distributor networks.Primary customers include automotive manufacturers, security camera providers, robotics companies, and producers of consumer electronics such as wearable cameras and drones.Ambarella is a leading semiconductor company specializing in high-performance video processing and artificial intelligence SoCs. The company leverages deep technical expertise to deliver integrated solutions that enable advanced imaging, computer vision, and efficient power usage across diverse end markets.
Ambarella's competitive edge lies in its ability to combine video, AI, and system functions on a single chip, supporting demanding applications in automotive, security, and next-generation consumer devices.
What this transaction means for investorsAmbarella CFO John Young’s June 17 sale of company stock came at a time when shares were on an upswing after falling to a 52-week low of $48.30 on March 30. That said, the rising share price was not the catalyst for Young’s disposition.
His sale was performed for a couple of reasons. Young disposed of 3,186 shares to fulfill tax withholding obligations incurred in connection with the vesting of restricted stock units.
The remaining 1,847 shares were sold as part of a pre-arranged Rule 10b5-1 trading plan adopted in January of 2026. Such plans are often implemented by insiders to avoid accusations of trading based on insider information. This indicates the disposition was a non-discretionary transaction.
Ambarella’s stock recovered from its low thanks to excellent business performance. In the company’s fiscal first quarter ended April 30, revenue rose 17% year over year to $100.4 million.
Its artificial intelligence solutions appear to be gaining growing traction. Ambarella forecasted sales to accelerate to between $105.0 million and $111.0 million for its fiscal second quarter.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The artificial intelligence (AI) trade has thus far been largely restricted to data center infrastructure. Companies selling AI hardware, such as chips, servers, and networking components, have witnessed a remarkable increase in revenue and earnings in recent years.
Nvidia (NVDA +3.19%) is one of the biggest examples of how the booming demand for AI data center components has transformed a company's fortunes. Its revenue in fiscal 2023 (which ended in January 2023) was $27 billion. That was just before Nvidia started benefiting from the AI-fueled demand for its graphics processing units (GPUs).
The introduction of ChatGPT in November 2022 gave Nvidia a massive boost, as customers made a beeline for its GPUs to train and deploy AI models. It is now the largest company in the world and is expected to clock a whopping $392 billion revenue in fiscal 2027. That points toward a jump of over 14x in just four years.
AI, however, is now moving from data centers into real-world applications that are closer to users, which require processing at the edge. This explains why Nvidia is looking to capitalize on the growing demand for AI-powered robots, cars, drones, and robotic arms. These physical devices need to run AI workloads locally to make real-time decisions.
Investing in Nvidia stock could help you make the most of this fast-growing niche, especially considering that the company is a pioneer in AI. However, there's a relatively little-known semiconductor company -- Ambarella (AMBA +3.58%) -- that's making steady progress in this space.
Let's look at the reasons why the adoption of AI in edge computing devices could be a massive tailwind for this semiconductor stock in the long run.
Image source: Getty Images.
Ambarella has the potential to win big from the growing adoption of AI at the edge Edge AI applications will expand the productivity gains of this technology. For instance, an AI-capable drone can chart its path and deliver to customers, or a humanoid robot can solve complex tasks and assist humans. Not surprisingly, the size of the edge AI market is anticipated to jump from $25 billion in 2025 to almost $119 billion in 2033, clocking a compound annual growth rate of nearly 22%, according to Grand View Research.
Today's Change
(
3.58
%) $
2.43
Current Price
$
70.21
Ambarella is a pure-play edge AI semiconductor company. It primarily designs chips for the automotive and the Internet of Things (IoT) markets. The company noted in its May earnings call that it has shipped more than 46 million edge AI chips so far, and the growing demand for inference and physical AI applications is likely to expand its addressable market at a nice pace in the future.
Importantly, Ambarella now sees customers entering into long-term agreements (LTAs) for multiple generations of its chips. The good part is that Ambarella struck its first LTA last quarter "to develop a semi-custom ASIC for a customer who wants to support a certain complex AI workload." And now, the company has entered into another LTA with South Korean company Hanwha "for the sourcing and co-development of Ambarella's edge AI technology across Hanwha's product lines and industries, including physical security, operational automation, life sciences, robotics and other industry markets."
Ambarella estimates that this new agreement could help it generate more than $800 million in revenue over a decade, adding that it is one of the largest agreements that it has signed in its history. The company is in discussions with additional companies to sign LTAs, suggesting its revenue pipeline is likely to improve further.
Meanwhile, Ambarella is gaining traction in the robotics space, claiming it has more than 15 design wins across 30 customers. In all, Ambarella is well-placed to grow its business at a brisk pace in the long run. The company estimates that its serviceable addressable market (SAM) in edge AI will grow at an annual rate of 18% through fiscal 2031. More importantly, Ambarella believes its revenue during this period will grow faster than the end market.
That's the reason why Ambarella could turn out to be a top AI stock over the long run. In fact, there are already signs that Ambarella is well on its way to making the most of the secular growth of the edge AI market.
The company's healthy growth should translate into solid gains on the stock market Ambarella released its fiscal 2027 first-quarter results (for the quarter ended April 30) on May 28. Its revenue increased by 17% year over year to $100.4 million. Earnings per share grew at a much stronger pace of 57% to $0.11 per share. The company expects its revenue to increase by 13% year over year in the current quarter to $108 million, based on the midpoint of its guidance range.
However, the design wins and the new agreements Ambarella has been signing indicate it could deliver stronger-than-expected growth. Analysts expect its revenue to grow by 13% in the current fiscal year to $441 million, followed by a gradual pickup going forward.
Data by YCharts
However, if Ambarella lives up to its claim of exceeding the 18% annual growth it expects for its edge AI SAM through fiscal 2031, it could easily beat market expectations. Also, the company has been delivering impressive earnings growth, and the gradual top-line uptick should allow it to sustain that momentum going forward.
Ambarella is trading at 7.2 times sales right now. That's lower than the U.S. technology sector's average price-to-sales ratio of 9.5. Assuming it grows in line with consensus expectations and clocks $579 million in sales in fiscal 2029, its market cap could jump to $5.5 billion (if it trades at the U.S. tech sector's average sales multiple at that time).
That's a potential gain of 85% from current levels, which is why investors looking for the next AI chip winner would do well to take a closer look at Ambarella before it starts soaring.
LONG BEACH, Calif.--(BUSINESS WIRE)---- $AMBA #AIAgents--RP1 and the Metaverse Standards Forum™, through the Open Metaverse Browser Initiative (OMBI), today introduced Sneeze, the first metaverse browser engine (MBE) ever built. Available immediately as open source under the Apache 2.0 license, Sneeze gives developers, enterprises, hardware manufacturers, and researchers the foundational technology to build the open metaverse. At the core of every web browser today sits an engine: Blink powers Chrome, Edge, and Br.
CFO John Alexander Young sold 7,615 ordinary shares over two days (March 17 and March 19, 2026) for a transaction value of approximately $406,000, with an average sale price of around $53.32 per share. This transaction represented 6.0% of Young's direct holdings at the time, reducing his direct ownership to 119,594 shares post-sale.
Ambarella, Inc. is positioned for growth in edge AI, targeting industrial automation, robotics, and automotive markets with new hardware and software platforms. I recommend AMBA shares with a Buy rating and $84.28 price target (6.60x eFY28 price/sales), citing valuation remediation and robust top-line growth prospects. AMBA's next-gen CV7 chip and Cooper Developer Platform enable cloudless robotics orchestration, providing a complete ecosystem for AI-enabled machine vision.
Ambarella, Inc. (NASDAQ:AMBA – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $70.73 and traded as low as $52.48. Ambarella shares last traded at $54.30, with a volume of 668,393 shares changing hands.
Wall Street Analyst Weigh In Several analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambarella in a report on Wednesday, January 21st. Consumer Edge restated a “buy” rating on shares of Ambarella in a research note on Tuesday, February 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $115.00 target price on shares of Ambarella in a research report on Monday, March 23rd. Finally, Wall Street Zen downgraded Ambarella from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ambarella currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.
View Our Latest Stock Analysis on Ambarella
Ambarella Price Performance The company has a market capitalization of $2.38 billion, a P/E ratio of -30.51 and a beta of 2.01. The stock’s fifty day simple moving average is $57.97 and its 200-day simple moving average is $70.73.
Ambarella (NASDAQ:AMBA – Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The semiconductor company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Ambarella had a negative return on equity of 12.16% and a negative net margin of 19.42%.The business had revenue of $100.87 million for the quarter, compared to analyst estimates of $100.17 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, research analysts predict that Ambarella, Inc. will post -2.81 earnings per share for the current year.
Insiders Place Their Bets In other news, VP Chi-Hong Ju sold 4,729 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $52.77, for a total value of $249,549.33. Following the sale, the vice president owned 164,166 shares in the company, valued at approximately $8,663,039.82. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chan W. Lee sold 6,729 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $52.77, for a total transaction of $355,089.33. Following the transaction, the insider directly owned 156,370 shares in the company, valued at $8,251,644.90. This trade represents a 4.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 101,928 shares of company stock valued at $5,803,417. Corporate insiders own 5.70% of the company’s stock.
Institutional Trading of Ambarella A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Ambarella by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 5,480,285 shares of the semiconductor company’s stock worth $388,223,000 after purchasing an additional 311,649 shares during the period. State Street Corp lifted its stake in shares of Ambarella by 8.9% in the second quarter. State Street Corp now owns 1,855,170 shares of the semiconductor company’s stock valued at $122,562,000 after buying an additional 151,694 shares during the period. Jericho Capital Asset Management L.P. lifted its stake in shares of Ambarella by 30.8% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 1,587,081 shares of the semiconductor company’s stock valued at $112,429,000 after buying an additional 373,734 shares during the period. The Manufacturers Life Insurance Company grew its position in Ambarella by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 1,371,511 shares of the semiconductor company’s stock worth $90,609,000 after buying an additional 52,954 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Ambarella by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,020,527 shares of the semiconductor company’s stock worth $72,305,000 after buying an additional 35,510 shares in the last quarter. 82.09% of the stock is owned by institutional investors.
About Ambarella (Get Free Report)
Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella’s platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.
Ambarella’s product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.
Featured Stories Five stocks we like better than Ambarella Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.93% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Ambarella (AMBA - Free Report) Headquartered in Santa Clara, CA, Ambarella Inc. develops video compression and image processing semiconductors, which enables high-definition or HD video capture, share and display.
AMBA is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. AMBA has a Momentum Style Score of B, and shares are up 3.7% over the past four weeks.
Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2027. The Zacks Consensus Estimate has increased $0.10 to $0.74 per share. AMBA boasts an average earnings surprise of +70.9%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, AMBA should be on investors' short list.
I am reiterating Ambarella as a Strong Buy, driven by its transformation into a full-stack edge AI platform company, not just a chip vendor. AMBA's edge AI SoCs now account for 80% of total revenue, with fiscal 2026 revenue reaching $390.7M, up 37.2% year-over-year. The market still values AMBA as a cyclical semiconductor stock, but I see it as an edge AI infrastructure enabler for physical AI and robotics.
SANTA CLARA, Calif., May 04, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced it will hold its first quarter fiscal year 2027 earnings conference call on Thursday, May 28, 2026, at 1:30 p.m. (Pacific Time). The company will issue its earnings release after the market closes that same day.
Those interested in asking a question on the call are required to register online in advance. Upon completing the first step of the online registration process, please note a registration verification code will be emailed to you, and this code must be entered to complete the online registration process. Once registered and verified, the dial-in numbers will be sent to the registered email with a personal identification number (PIN). When dialing in for the live call, the PIN number must be provided to access the call.
The live webcast of the conference call, and a webcast replay, will be available at: http://investor.ambarella.com/events.cfm
About Ambarella
With an installed base of more than 42 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy. For more information, please visit www.ambarella.com.
Contact:
Louis Gerhardy
VP Corporate Development
408-636-2310 [email protected]
SANTA CLARA, Calif., May 05, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced that IEEE has honored Ambarella’s co-founder, President and CEO, Dr. Fermi Wang, with the inaugural 2026 IEEE Arun N. Netravali Video Analytics, Technology and Systems Award, alongside his Ph.D. advisor, Professor Dimitris Anastassiou of Columbia Engineering.
The award recognizes transformative advancements in video technology, AI-powered systems, and analytics that have reshaped global media consumption, broadcasting and visual communication. It was established in 2026 to honor Arun Netravali, who had served as the ninth president of Bell Laboratories (now Nokia Bell Labs, sponsoring the award) and had been well known for his own outstanding contributions in video technology.
At Ambarella, Fermi continues to drive innovation in the video and AI processing realm, aimed at advancing innovations for the next generation of edge endpoints and edge infrastructure. Under his direction, Ambarella has developed a leadership position with its physical AI platform, with systems-on-a-chips integrating AI accelerators, image and video encoding, image signal processing and other system functions.
The IEEE’s global network of over 500,000 engineering and STEM professionals is the world’s largest technical professional organization and is a public charity dedicated to advancing technology for the benefit of humanity.
About Ambarella
With an installed base of more than 42 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy. For more information, please visit www.ambarella.com.
Contact:
Louis Gerhardy
VP Corporate Development
408-636-2310 [email protected]
New quarterly program engages industry research analysts covering edge-AI and physical AI segments, including automotive, edge infrastructure, IoT, physical security and robotics May 21, 2026 09:00 ET | Source: Ambarella
SANTA CLARA, Calif., May 21, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced the launch of its Industry Analyst Briefing Call, a new quarterly program designed to deepen engagement specifically with non-financial industry analysts whose coverage shapes how enterprise buyers, automotive OEMs, and ecosystem partners evaluate edge and physical AI silicon.
The inaugural session will be held on June 4, 2026 at 10 am Pacific / 1 pm Eastern, with Muneyb Minhazuddin, Customer Growth Officer, hosting the session. The briefing is expected to run approximately 45 minutes and will include a moderated question-and-answer segment.
Discussion topics are expected to include Ambarella's edge AI portfolio direction, end-market progression across automotive, edge infrastructure, IoT, physical security and robotics, and the maturing developer ecosystem anchored by the Cooper™ Developer Platform and the Ambarella Developer Zone.
Attendance is by invitation only. Industry research analysts interested in participating in this session can contact [email protected] from a corporate email address.
The Industry Analyst Briefing Call is intended as a recurring quarterly program. Subsequent sessions will be communicated through direct outreach.
About Ambarella
With an installed base of more than 42 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy. For more information, please visit www.ambarella.com.
Contact:
Jonathan Miller
Director, Marketing
408-365-4348 [email protected]
SANTA CLARA, Calif., May 28, 2026 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced first quarter fiscal 2027 financial results for the period ended April 30, 2026.
Revenue for the first quarter of fiscal 2027 was $100.4 million, up 16.9% from $85.9 million in the same period in fiscal 2026.Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2027 was 58.4%, compared with 60.0% for the same period in fiscal 2026.GAAP net loss for the first quarter of fiscal 2027 was $18.1 million, or loss per diluted ordinary share of $0.41, compared with a GAAP net loss of $24.3 million, or loss per diluted ordinary share of $0.58, for the same period in fiscal 2026.
Financial results on a non-GAAP basis for the first quarter of fiscal 2027 are as follows:
Gross margin on a non-GAAP basis for the first quarter of fiscal 2027 was 59.9%, compared with 62.0% for the same period in fiscal 2026.Non-GAAP net profit for the first quarter of fiscal 2027 was $5.0 million, or earnings per diluted ordinary share of $0.11. This compares with non-GAAP net profit of $3.0 million, or earnings per diluted ordinary share of $0.07, for the same period in fiscal 2026. Based on information available as of today, Ambarella is offering the following guidance for the second quarter of fiscal year 2027, ending July 31, 2026:
Revenue is expected to be between $105.0 million and $111.0 million.Gross margin on a non-GAAP basis is expected to be between 59.0% and 60.5%.Non-GAAP operating expenses are expected to be between $56.0 million and $59.0 million.
Ambarella reports gross margin, net income (loss) and earnings (losses) per share in accordance with GAAP and, additionally, on a non-GAAP basis. Non-GAAP financial information excludes the impact of stock-based compensation and acquisition-related costs adjusted for the associated tax impact, which includes the effect of any benefits or shortfalls recognized. A reconciliation of the GAAP to non-GAAP gross margin, net income (loss) and earnings (losses) per share for the periods presented, as well as a description of the items excluded from the non-GAAP calculations, is included in the financial statements portion of this press release.
Total cash, cash equivalents and marketable debt securities on hand at the end of the first quarter of fiscal 2027 was $277.8 million, compared with $312.6 million at the end of the prior quarter and $259.4 million at the end of the same quarter a year ago.
“In Q1 we delivered on our key financial guidance while extending our edge AI platform leadership. Automotive revenue achieved a new all-time record due to rapid penetration of AI into commercial vehicles. Demand signals for edge AI remain very strong, and I am optimistic in our ability to serve the market, in particular as AI workloads become more complex. We have a number of new products targeting more advanced AI workloads, all of which command average selling prices (“ASP”) well in-excess of our current ASP.” said Fermi Wang, President & CEO.
“Our edge SoCs integrate all the AI accelerated computing functions (perception, fusion, AI accelerator, CPU and other system functions) together with our algorithms and software into a single SoC,” Dr. Wang added. “Customers are increasingly recognizing our unique capabilities and are requesting broader and deeper relationships, facilitating our development of new markets like edge infrastructure and robotics, while an indirect sales ecosystem can bring us more scale.”
Stock Repurchase
In the first quarter of fiscal year 2027, the company repurchased a total of 47,798 shares for total consideration of approximately $2.4 million. During the second fiscal quarter, Ambarella’s Board of Directors authorized a new $50.0 million repurchase program through June 30, 2027, that will commence when the existing program expires on June 30, 2026. The repurchase program does not obligate the company to acquire any particular amount of ordinary shares, and it may be suspended at any time at the company’s discretion.
Quarterly Conference Call
Ambarella plans to hold a conference call at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time today with Fermi Wang, President and Chief Executive Officer, and John Young, Chief Financial Officer, to discuss the first quarter of fiscal year 2027 results. A live and archived webcast of the call will be available on Ambarella’s website at http://www.ambarella.com/ for up to 30 days after the call.
About Ambarella
With an installed base of more than 46 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy. For more information, please visit www.ambarella.com.
"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements that are not historical facts and often can be identified by terms such as “outlook,” “projected,” “intends,” “will,” “estimates,” “anticipates,” “expects,” “believes,” “could,” “should,” or similar expressions, including the guidance for the second quarter of fiscal year 2027 ending July 31, 2026, and the comments of our CEO relating to demand for edge AI solutions, our ability to serve the edge AI market as it evolves, our ability to command higher prices for our new products, our ability to establish deeper relationships with our customers, our ability to further penetrate the edge infrastructure and robotics markets, and our ability to successfully build an indirect sales channel. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. Our actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of our future performance.
The risks and uncertainties referred to above include, but are not limited to, global economic and political conditions; changes in government policies, including possible trade tariffs and restrictions; revenue being generated from new customers or design wins, neither of which is assured; the commercial success of our customers’ products; our customers’ ability to manage their inventory requirements; our growth strategy; our ability to anticipate future market demands and future needs of our customers, particularly for AI inference applications; our ability to introduce, and to generate revenue from, new and enhanced solutions; our ability to develop, and to generate revenue from, new advanced technologies, such as AI functionality and advanced networks, including vision-language models and GenAI; our ability to retain and expand customer relationships and to achieve design wins; the expansion of our current markets and our ability to successfully enter new markets and applications, such as edge infrastructure; anticipated trends and challenges, including competition, in the markets in which we operate; risks associated with global health conditions and associated risk mitigation measures; our ability to effectively manage growth; our ability to retain key employees; and the potential for intellectual property disputes or other litigation.
Further information on these and other factors that could affect our financial results is included in the company’s Annual Report on Form 10-K for our 2026 fiscal year, which is on file with the Securities and Exchange Commission. Additional information will also set forth in the company’s quarterly reports on Form 10-Q, annual reports on Form 10-K and other filings the company makes with the Securities and Exchange Commission from time to time, copies of which may be obtained by visiting the Investor Relations portion of our web site at www.ambarella.com or the SEC's web site at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. The results we report in our Quarterly Report on Form 10-Q for the first quarter of fiscal 2027 ended April 30, 2026 could differ from the preliminary results announced in this press release.
Ambarella assumes no obligation and does not intend to update the forward-looking statements made in this press release, except as required by law.
Non-GAAP Financial Measures
The company has provided in this release non-GAAP financial information, including non-GAAP gross margin, net income (loss), and earnings (losses) per share, as a supplement to the condensed consolidated financial statements, which are prepared in accordance with generally accepted accounting principles ("GAAP"). Management uses these non-GAAP financial measures internally in analyzing the company’s financial results to assess operational performance and liquidity. The company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning, forecasting and analyzing future periods. Further, the company believes these non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key financial metrics that the company uses in making operating decisions and because the company believes that investors and analysts use them to help assess the health of its business and for comparison to other companies. Non-GAAP results are presented for supplemental informational purposes only for understanding the company’s operating results. The non-GAAP information should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from non-GAAP measures used by other companies.
With respect to its financial results for the first quarter of fiscal year 2027, the company has provided below reconciliations of its non-GAAP financial measures to its most directly comparable GAAP financial measures. With respect to the company’s expectations for the second quarter of fiscal year 2027, a reconciliation of non-GAAP gross margin and non-GAAP operating expenses guidance to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability and low visibility with respect to the charges excluded from these non-GAAP measures. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.
AMBARELLA, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share data)(unaudited) Three Months Ended April 30, 2026 2025 Revenue $100,357 $85,872 Cost of revenue 41,768 34,336 Gross profit 58,589 51,536 Operating expenses: Research and development 58,140 58,819 Selling, general and administrative 19,865 18,575 Total operating expenses 78,005 77,394 Loss from operations (19,416) (25,858) Other income, net 2,083 2,175 Loss before income taxes (17,333) (23,683) Provision for income taxes 760 645 Net loss $(18,093) $(24,328) Net loss per share attributable to ordinary shareholders: Basic $(0.41) $(0.58)Diluted $(0.41) $(0.58)Weighted-average shares used to compute net loss per share attributable to ordinary shareholders: Basic 43,605,282 42,219,972 Diluted 43,605,282 42,219,972 The following tables present details of stock-based compensation and acquisition-related costs included in each functional line item in the condensed consolidated statements of operations above:
Three Months Ended April 30, 2026 2025 (unaudited, in thousands)Stock-based compensation: Cost of revenue$783 $951Research and development 13,714 17,585Selling, general and administrative 7,396 7,594 Total stock-based compensation$21,893 $26,130 Three Months Ended April 30, 2026 2025 (unaudited, in thousands)Acquisition-related costs: Cost of revenue$757 $757Research and development — —Selling, general and administrative 456 456 Total acquisition-related costs$1,213 $1,213 The difference between GAAP and non-GAAP gross margin was 1.5% and 2.0%, or $1.5 million and $1.7 million, for the three months ended April 30, 2026 and 2025, respectively. The differences were due to the effect of stock-based compensation and amortization of acquisition-related costs.
AMBARELLA, INC.RECONCILIATION OF GAAP TO NON-GAAP DILUTED EARNINGS (LOSSES) PER SHARE(in thousands, except share and per share data) Three Months Ended April 30, 2026 2025 (unaudited)GAAP net loss$(18,093) $(24,328) Non-GAAP adjustments: Stock-based compensation expense 21,893 26,130 Acquisition-related costs 1,213 1,213 Income tax effect 20 14 Non-GAAP net income$5,033 $3,029 GAAP - diluted weighted average shares 43,605,282 42,219,972 Non-GAAP - diluted weighted average shares 43,899,823 42,451,235 GAAP - diluted net loss per share$(0.41) $(0.58)Non-GAAP adjustments: Stock-based compensation expense 0.50 0.62 Acquisition-related costs 0.03 0.03 Income tax effect — — Effect of Non-GAAP - diluted weighted average shares (0.01) — Non-GAAP - diluted net income per share$0.11 $0.07 AMBARELLA, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(unaudited, in thousands) April 30, January 31, 2026 2026 ASSETS Current assets: Cash and cash equivalents$114,443 $191,019 Marketable debt securities 163,357 121,552 Accounts receivable, net 39,175 39,180 Inventories 80,355 52,246 Restricted cash 442 442 Prepaid expenses and other current assets 7,417 5,836 Total current assets 405,189 410,275 Property and equipment, net 12,594 11,553 Intangible assets, net 59,024 58,046 Operating lease right-of-use assets, net 11,510 12,118 Goodwill 303,625 303,625 Other non-current assets 2,896 2,983 Total assets$794,838 $798,600 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable 53,278 54,029 Accrued and other current liabilities 92,519 97,964 Operating lease liabilities, current 2,359 2,027 Income taxes payable 1,768 1,531 Deferred revenue, current 17,036 22,393 Total current liabilities 166,960 177,944 Operating lease liabilities, non-current 10,912 11,408 Other long-term liabilities 11,148 14,459 Total liabilities 189,020 203,811 Shareholders' equity: Preference shares — — Ordinary shares 20 19 Additional paid-in capital 951,980 922,119 Accumulated other comprehensive income (loss) (167) 573 Accumulated deficit (346,015) (327,922)Total shareholders’ equity 605,818 594,789 Total liabilities and shareholders' equity$794,838 $798,600 Contact:
Represents Ambarella's Broadest Long-Term Partnership Valued in Excess of $800 Million in Potential Revenue
Groundbreaking long-term agreement among the first in the edge AI market, signaling the industry's accelerating demand for a scalable edge AI platformDecade-long mutual partnership enables both companies to collaborate on the rapid development and proliferation of edge AI across multiple industriesHanwha intends to leverage Hanwha Vision's expertise on vision solutions and cybersecurity together with Ambarella's edge AI platform across Hanwha’s robotics, industrial automation, and life sciences businessesAmbarella's edge AI platform comprises an installed base of more than 46 million units and 12 edge AI SoCs delivering up to hundreds of TOPS of AI inference performance, supporting CNN, generative AI and agentic frameworks, all enabled by the Cooper Development Platform SEONGNAM, South Korea and SANTA CLARA, Calif., May 28, 2026 (GLOBE NEWSWIRE) -- Following the signing of a MoU in March by Fermi Wang, President and CEO of Ambarella, Inc. (NASDAQ: AMBA) and Kim Dong-Seon, Senior Executive Vice President of Hanwha Group, today the companies announced the signing of a long-term agreement (LTA) for the sourcing and co-development of Ambarella edge AI technology across Hanwha product lines and industries. The agreement, with an estimated value in excess of $800 million in potential revenue over a period exceeding ten years, represents one of the largest long-term partnerships in Ambarella's history and one of the first agreements of its kind in the edge AI semiconductor market.
The LTA covers the co-development and deployment of Ambarella and Hanwha Visions's current and next-generation edge AI systems-on-chip (SoCs) and software across Hanwha’s expanding portfolio of intelligent devices and systems, spanning video security, robotics, industrial automation, and life sciences. The multi-generational structure of the agreement is designed to enable both companies to plan jointly across technology roadmaps, accelerate product development cycles, and bring new categories of AI-enabled products to market at scale.
Ambarella's edge AI platform, built on the company's proprietary CVflow AI accelerator architecture, integrates AI inference processing, image signal processing, and video encoding on a single, low-power SoC. With an installed base of more than 46 million AI units, the platform spans 12 edge AI SoCs delivering performance levels suited to applications from compact AI cameras through high-performance multi-sensor perception systems for robotics and autonomous machines. The Cooper Development Platform provides OEMs, ISVs, and application developers with open, scalable tools and resources, accessible through the Ambarella Developer Zone, to build, integrate, and deploy edge AI solutions across these product families. The technologies and applications developed through this LTA are expected to contribute to the broader ecosystem served by Hanwha and Ambarella's global footprint.
Hanwha Vision will retain full proprietary control over the engineering, design, and sourcing for its Wisenet SoC, which the company has developed in-house since the first generation launched in 2010. This agreement with Ambarella extends and complements Hanwha Vision's internal R&D capabilities by integrating Ambarella's edge AI processing with Hanwha Vision's established expertise in image processing, intelligent analytics, and cybersecurity. Furthermore, by establishing a broader ecosystem together, the company will solidify its leadership in Proactive Vision Intelligence solutions.
For Ambarella, the LTA represents one of the company's largest partnership to date. Ambarella reported fiscal year 2026 revenue of $390.7 million, with IoT revenue growing approximately 50% year-over-year, driven by the adoption of edge AI across enterprise security, portable video, and new device categories. The company's IoT product roadmap spans its CV72, CV75, CV7 and N1 SoC families, which support AI inference, image signal processing, and video encoding on a single chip at power levels suited to edge deployment.
"This long-term agreement reinforces Hanwha's investment in intelligent vision solutions and AI technologies across our portfolio," said Kim Dong-seon, Senior Executive Vice President of Hanwha Group. "Combining Hanwha Vision's expertise in image processing, analytics, and cybersecurity with Ambarella's edge AI platform is designed to help our customers and their integration partners deploy a broader range of AI-driven applications tailored to their individual operational requirements."
"We are honored to enter into this long-term agreement with Hanwha, which represents one of the largest partnerships in Ambarella's history," said Dr. Fermi Wang, President and CEO of Ambarella. "This multi-generational partnership has the potential to accelerate the development and delivery of high-performance, AI-enabled products across multiple industries. We expect this agreement to drive substantial multi-year revenue growth consistent with our long-term financial model."
About Ambarella
With an installed base of more than 46 million AI SoC units, Ambarella’s products are utilized in a wide variety of physical edge AI applications, spanning edge endpoint and edge infrastructure use cases including physical security, vehicle safety, telematics, autonomy, portable video, aerial drones, and other emerging robotic applications. Building on this footprint, Ambarella offers a full-stack edge AI platform, from highly optimized silicon and programmable software to AI agentic frameworks that coordinate perception, decision-making and control across devices. Ambarella’s low-power systems-on-chip (SoCs) integrate proprietary and highly efficient perception and deep learning neural network AI accelerators, enabling electronic systems to become more productive with partial or complete levels of machine autonomy. For more information, please visit www.ambarella.com.
