Ambarella (AMBA) Tops Q1 EPS by 6c, Offers Guidance

Ambarella (NASDAQ: AMBA) reported Q1 EPS of $0.23, $0.06 better than the analyst estimate of $0.17. Revenue for the quarter came in at $70.1 million versus the consensus estimate of $68.6 million.

GUIDANCE:

Ambarella sees FY2021 revenue of $74-77 million, versus the consensus of $69.5 million.

• Gross margin on a non-GAAP basis is expected to be between 61.0% and 62.0%.
• Operating expenses on a non-GAAP basis are expected to be between $36.0 million and $37.5 million.

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

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