Ambarella (AMBA) Tops Q2 EPS by 16c; Issues Q3 Outlook

Ambarella (NASDAQ: AMBA) reported Q2 EPS of $0.54, $0.16 better than the analyst estimate of $0.38. Revenue for the quarter came in at $65.1 million versus the consensus estimate of $64.28 million.

GUIDANCE:

Ambarella sees Q3 2017 revenue of $95-99 million, versus the consensus of $95.6 million.

The company also offered the following guidance commentary:

• Gross margin on a non-GAAP basis is expected to be between 63.5% and 65.0%
• Operating expenses on a non-GAAP basis are expected to be between $25.0 million and $26.5 million
• Effective tax rate on a non-GAAP basis is expected to be between 11.5% and 12.5%
• Annual revenue for fiscal 2017 is expected to be flat to down 5% compared to fiscal 2016, consistent with previous guidance.

For earnings history and earnings-related data on Ambarella (AMBA) click here.

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