Summary by Moomoo AI
Ambarella reported Q2 FY2025 revenue of $63.7 million, up 2.6% year-over-year, driven by higher product shipments and adoption of CV-based solutions. However, operating loss widened to $36.3 million from $35.3 million last year due to increased R&D expenses.Gross margin declined slightly to 60.8% from 61.9% on higher manufacturing costs for advanced technologies. R&D expenses rose 3.4% to $56.8 million as the company progressed on new chip developments. Cash flow from operations fell to $1.8 million for the first half, down from $15.2 million last year.Ambarella expects AI and computer vision to be increasingly important in its key markets. The company is focusing R&D efforts on advanced AI and CV technologies to address emerging applications in IoT, automotive, and industrial/robotics markets. Management anticipates future revenue growth will depend significantly on expanding in camera markets with computer vision technology.
