Ambarella, Inc. Announces Third Quarter Fiscal Year 2020 Financial Results
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Ambarella (AMBA) Tops Q3 EPS by 12c, Revenues Beat; Offers Q4 Revenue Mid-Point Guidance Above Consensus
November 25, 2019 4:10 PM ESTAmbarella (NASDAQ: AMBA) reported Q3 EPS of $0.32, $0.12 better than the analyst estimate of $0.20. Revenue for the quarter came in at $67.9 million versus the consensus estimate of $65.03 million.
Financial results on a non-GAAP basis for the third quarter of fiscal 2020 are as follows:
Gross margin on a non-GAAP basis for the third quarter of fiscal 2020 was 58.1%, compared with 60.9% for the same period in fiscal 2019. For the nine months ended October 31, 2019, non-GAAP gross margin was 58.5%, compared with 61.4% for... More