Ambarella (AMBA) Surges Following Q2 Results/Guidance, Revenue Grew 58% on Strong Chip Demand
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Ambarella, Inc. Announces Second Quarter Fiscal Year 2022 Financial Results
August 31, 2021 4:05 PM EDTSANTA CLARA, Calif., Aug. 31, 2021 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an AI vision silicon company, today announced financial results for its second quarter of fiscal year 2022 ended July 31, 2021.
Revenue for the second quarter of fiscal 2022 was $79.3 million, up 58% from $50.1 million in the same period in fiscal 2021. For the six months ended July 31, 2021, revenue was $149.5 million, up 43% from $104.8 million for the six months ended July 31, 2020.Gross margin under U.S. generally accepted accounting principles (GAAP) for the second quarter of fiscal 2022 was 62.3%, compared with 61.8% for the same period in fiscal... More