Ambarella (AMBA) Tops Q4 EPS by 9c, Q1 Guidance Misses

Ambarella (NASDAQ: AMBA) reported Q4 EPS of $0.23, $0.09 better than the analyst estimate of $0.14. Revenue for the quarter came in at $83.3 million versus the consensus estimate of $82.99 million.

GUIDANCE:

Ambarella sees Q1 2024 revenue of $60-64 million, versus the consensus of $77.2 million.

• Gross margin on a non-GAAP basis is expected to be between 62.0% and 64.0%
• Non-GAAP operating expenses are expected to be between $47.0 million and $49.0 million

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

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