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. Non-GAAP financial information also excludes the impact of the release of a valuation allowance on certain deferred
tax assets. 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 2025 was $219.8 million, compared with $203.3 million at the end of the prior quarter and $216.5 million at the end of the same quarter a
year ago.
“In our second quarter, we achieved record revenue for our edge AI inference products, and we are anticipating double-digit sequential
growth in our total revenue for the third quarter,” said Fermi Wang, President and CEO. “Company specific drivers are more than offsetting the mixed global economic environment. We are now realizing initial revenue ramps from certain IoT
and Automotive customers, especially from our new products. We are increasingly optimistic that over the long-run our new products have positioned us to scale our current computer vision business into more
advanced AI networks, including vision-language models and GenAI, where rising edge compute needs can drive revenue growth in the years to come.”
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 2025 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
Ambarella’s products are used in a wide variety of human vision and edge AI applications, including video security, advanced driver
assistance systems (ADAS), electronic mirror, drive recorder, driver/cabin monitoring, autonomous driving and robotics applications. Ambarella’s low-power systems-on-chip (SoCs) offer high-resolution video compression, advanced image and radar processing, and powerful deep neural network processing to enable intelligent perception, fusion and planning. 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 2025 ending October 31, 2024, and the comments of our CEO relating to our expectation of future revenue growth, customer demand for our AI inference products, the growth potential of our new products, potential
drivers of future revenue growth, and the ability of our products to achieve success in advanced networks, including vision-language models and GenAI. 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.