Ambarella Soars 25%+ After Hours on Fiscal Q3 Earnings and Revenue Beats

AMBA rose 27.2% to $87.01 shortly before 4:30 p.m. ET after reporting $0.11 in a non-GAAP earnings per share for the three months ended Oct. 31. That's better than the $0.04 that analysts had reportedly expected.

Revenues came in at $82.7 million, beating analysts' $79 million consensus expectation, according to published reports.

Management also issued well-received guidance for fiscal Q4, projecting $76 million-$80 million in revenues.

"With the anticipated revenue growth, we intend to drive positive operating leverage and build upon our 15 consecutive fiscal years of positive free cash flow," President and CEO Fermi Wang said in releasing the guidance.

Ambarella had already hit a 15-month intraday high during Tuesday's regular session. If the stock's Tuesday after-hours gains hold on Wednesday, shares could see their highest regular-session levels since August 2023.