Summary by Moomoo AI
Ambarella reported Q2 FY2025 revenue of $63.7M, up 3% YoY. GAAP net loss was $34.9M or $0.85 per share. Non-GAAP net loss narrowed to $5.5M or $0.13 per share. The company achieved record revenue for edge AI inference products.For Q3 FY2025, Ambarella expects revenue between $77M-$81M and non-GAAP gross margin of 62.5%-64%. The company anticipates double-digit sequential revenue growth, driven by initial revenue ramps from IoT and Automotive customers, especially new products.CEO Fermi Wang expressed optimism about long-term growth potential in advanced AI networks, including vision-language models and GenAI, as rising edge compute needs could drive future revenue growth. Cash and marketable securities totaled $219.8M at quarter-end.