Ambarella (AMBA) Tops Q3 EPS by 11c

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Go back to Ambarella (AMBA) Tops Q3 EPS by 11c

Ambarella, Inc. Announces Third Quarter Fiscal Year 2024 Financial Results

November 30, 2023 4:05 PM EST

SANTA CLARA, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced financial results for its third quarter of fiscal year 2024 ended October 31, 2023.

Revenue for the third quarter of fiscal 2024 was $50.6 million, down 39% from $83.1 million in the same period in fiscal 2023. For the nine months ended October 31, 2023, revenue was $174.9 million, down 31% from $254.3 million for the nine months ended October 31, 2022.Gross margin under U.S. generally accepted accounting principles (GAAP) for the third quarter of fiscal... More