Ambarella (AMBA) Tops Q4 EPS by 9c

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Go back to Ambarella (AMBA) Tops Q4 EPS by 9c

Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results

February 27, 2024 4:05 PM EST

SANTA CLARA, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced fourth quarter and full year fiscal 2024 financial results for the period ended January 31, 2024.

Revenue for the fourth quarter of fiscal 2024 was $51.6 million, down 38.1% from $83.3 million in the same period in fiscal 2023. For the fiscal year ended January 31, 2024, revenue was $226.5 million, down 32.9% from $337.6 million for the fiscal year ended January 31, 2023.Gross margin under U.S. generally accepted accounting principles (GAAP) for the fourth... More