Ambarella (AMBA) Shares Gain 16% After Topping Q3 and Guidance Views, Analysts Positive on Auto Industry Sales Acceleration

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Ambarella, Inc. Announces Third Quarter Fiscal Year 2022 Financial Results

November 30, 2021 4:05 PM EST

SANTA CLARA, Calif., Nov. 30, 2021 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an AI vision silicon company, today announced financial results for its third quarter of fiscal year 2022 ended October 31, 2021.

Revenue for the third quarter of fiscal 2022 was $92.2 million, up 64% from $56.1 million in the same period in fiscal 2021. For the nine months ended October 31, 2021, revenue was $241.6 million, up 50% from $160.8 million for the nine months ended October 31, 2020.Gross margin under U.S. generally accepted accounting principles (GAAP) for the third quarter of fiscal... More