Ambarella Q1 Revenue Rises 16.9% to $100.4M, Non-GAAP Profit Hits $5M
AMBA•Ambarella posted Q1 revenue of $100.4 million, up 16.9% year-over-year, and non-GAAP net profit of $5.0 million (EPS $0.11), while GAAP net loss narrowed to $18.1 million (EPS -$0.41). The company guided Q2 revenue of $105–$111 million, non-GAAP gross margin of 59.0%–60.5% and authorized a $50 million buyback.
1. Q1 Financial Performance
Ambarella delivered Q1 fiscal 2027 revenue of $100.4 million, a 16.9% increase from $85.9 million a year earlier. GAAP gross margin slipped to 58.4% from 60.0%, and GAAP net loss narrowed to $18.1 million (EPS -$0.41) versus a $24.3 million loss. On a non-GAAP basis, gross margin was 59.9% and net profit reached $5.0 million (EPS $0.11), up from $3.0 million (EPS $0.07) in the prior year.
2. Q2 Guidance and Cash Position
The company expects Q2 revenue between $105.0 million and $111.0 million, with non-GAAP gross margin of 59.0%–60.5% and operating expenses of $56.0 million–$59.0 million. Cash, cash equivalents and marketable securities stood at $277.8 million, down from $312.6 million at the prior quarter’s end but above $259.4 million year-ago.
3. Share Repurchase Program
In Q1, Ambarella repurchased 47,798 shares for approximately $2.4 million. The Board has authorized a new $50.0 million repurchase program effective July 1, 2026 through June 30, 2027, subject to market conditions and discretion.
4. Platform Leadership and Market Outlook
Automotive revenue hit an all-time record as AI adoption in commercial vehicles accelerated, and demand for edge AI workloads remains strong. New SoCs targeting advanced AI workloads command higher average selling prices, while the company pursues deeper customer relationships and expansion into edge infrastructure and robotics markets.
