Ambarella (AMBA) Tops Q3 EPS by 4c

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Ambarella, Inc. Announces Third Quarter Fiscal Year 2021 Financial Results

November 23, 2020 4:05 PM EST

SANTA CLARA, Calif., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Ambarella, Inc. (Nasdaq: AMBA), an AI vision silicon company, today announced financial results for its third quarter of fiscal year 2021 ended October 31, 2020.

Revenue for the third quarter of fiscal 2021 was $56.1 million, down 17.4% from $67.9 million in the same period in fiscal 2020. For the nine months ended October 31, 2020, revenue was $160.8 million, down 6.2% from $171.5 million for the nine months ended October 31, 2019.Gross margin under U.S. generally accepted accounting principles (GAAP) for the third quarter of fiscal... More