Ambarella (NASDAQ: AMBA) reported Q1 EPS of $0.04, $0.05 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $54.6 million versus the consensus estimate of $54.32 million.

GUIDANCE:

Ambarella sees Q2 2021 revenue of $50 million at mid-point, versus the consensus of $54.32 million.

• Revenue is expected to be $50.0 million plus or minus 6%.
• Gross margin on a non-GAAP basis is expected to be between 59.0% and 60.5%.
• Operating expenses on a non-GAAP basis are expected to be between $31.0 million and $33.0 million.

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