Ambarella (AMBA) Tops Q2 EPS by 8c, Slight Revenue Miss; Offers 3Q Revenue Guidance
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Ambarella, Inc. Announces Second Quarter Fiscal Year 2021 Financial Results
September 2, 2020 4:05 PM EDTSANTA CLARA, Calif., Sept. 02, 2020 (GLOBE NEWSWIRE) -- Ambarella, Inc. (Nasdaq: AMBA), an AI vision silicon company, today announced financial results for its second quarter of fiscal year 2021 ended July 31, 2020.
Revenue for the second quarter of fiscal 2021 was $50.1 million, down 11.2% from $56.4 million in the same period in fiscal 2020. For the six months ended July 31, 2020, revenue was $104.8 million, up 1.1% from $103.6 million for the six months ended July 31, 2019.Gross margin under U.S. generally accepted accounting principles (GAAP) for the second quarter of fiscal 2021 was 61.8%, compared with 57.5% for the same... More