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Ambarella announced that its Oculii™ AI 4D imaging radar technology is deployed worldwide in the Lotus Eletre SUV and Emeya Hyper-GT Electric Vehicles.
Ambarella faces several headwinds, including a slowdown in the automotive space, stiff competition and inventory accumulation of its customers.
The chipmaker, which specializes in edge AI products, delivered a better-than-expected second quarter. It also notched a convincing beat on quarterly revenue guidance.
Ambarella beat sales expectations and posted a smaller-than-expected loss in Q2. The company also issued encouraging guidance.
AMBA's second-quarter fiscal 2025 results reflect the benefits of improving IoT and Auto segments combined with prudent cost management.
Ambarella's Q2 results exceeded expectations in revenue and in earnings per shares, driving an 18% stock price jump today. The company's optimistic outlook, particularly in the automotive and IoT sectors, and strong product positioning in AI and computer vision bolstered investor confidence. Ambarella's unique vision-language model and real-time camera feedback technology provide a competitive edge, potentially justifying a higher share price.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
AI is big business, and Ambarella NASDAQ: AMBA will benefit from it over the next decade, probably longer. While attention has been fixed on infrastructure names like NVIDIA NASDAQ: NVDA, Microsoft NASDAQ: MSFT, and Oracle NYSE: ORCL, the time has come to pay attention to the next wave of winners, of which Amberalla is a key player.
Ambarella, Inc. (NASDAQ:AMBA ) Q2 2025 Earnings Conference Call August 27, 2024 4:30 PM ET Company Participants Louis Gerhardy - Vice President of Corporate Development Fermi Wang - Chief Executive Officer John Young - Chief Financial Officer Conference Call Participants Christopher Rolland - Susquehanna Joe Moore - Morgan Stanley Tore Svanberg - Stifel Ross Seymore - Deutsche Bank Kevin Cassidy - Rosenblatt Securities Sean O'Loughlin - TD Cowen Suji Desilva - ROTH Capital Shadi Mitwalli - Needham & Company Martin Yang - Oppenheimer & Company Operator Hello and thank you for standing by. Welcome to Ambarella's Q2 Fiscal Year 2025 Conference Call.
Ambarella (AMBA) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.15 per share a year ago.