UPDATE: Summit Insights Downgrades Ambarella (AMBA) to Hold

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Go back to UPDATE: Summit Insights Downgrades Ambarella (AMBA) to Hold

Ambarella, Inc. Announces Second Quarter Fiscal Year 2023 Financial Results

August 30, 2022 4:05 PM EDT

SANTA CLARA, Calif, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI vision silicon company, today announced financial results for its second quarter of fiscal year 2023 ended July 31, 2022.

Revenue for the second quarter of fiscal 2023 was $80.9 million, up 2% from $79.3 million in the same period in fiscal 2022. For the six months ended July 31, 2022, revenue was $171.2 million, up 15% from $149.5 million for the six months ended July 31, 2021.Gross margin under U.S. generally accepted accounting principles (GAAP) for the second... More