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Ambarella (AMBA) Tops Q4 EPS by 3c

March 3, 2020 4:06 PM EST

Ambarella (NASDAQ: AMBA) reported Q4 EPS of $0.14, $0.03 better than the analyst estimate of $0.11. Revenue for the quarter came in at $57.2 million versus the consensus estimate of $57.18 million.

“In FY20, just one year after taping-out CV2, CV22 and CV25, we had more than 100 different customers purchase engineering parts, evaluation kits and/or development boards for our AI computer vision products, a unique achievement validating our strategy. The three waves of AI computer vision revenue we have previously articulated are taking shape, with more than a dozen customers in production across the three waves,” said Fermi Wang, President and CEO. “New public health issues in addition to an already dynamic geopolitical environment bring an unusually high degree of uncertainty to the business environment. However, with AI computer vision expected to reach 10% of total revenue in FY21, our goal is to grow total revenue for the year.”

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



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