=Ambarella (AMBA) reported earnings on Tue 5 June 2018 (a/h)

Ambarella beats by $0.04, beats on revs; guides Q2 revs below consensus

• Reports Q1 (Apr) earnings of $0.13 per share, $0.04 better than the Capital IQ Consensus of $0.09; revenues fell 11.2% year/year to $56.9 mln vs the $56.13 mln Capital IQ Consensus.
• Gross margin on a non-GAAP basis for 1Q19 was 61.8%, compared with 64.3% for the same period in fiscal 2018. 
• Co issues downside guidancefor Q2, sees Q2 revs of 60-64 mln vs. $68.18 mln Capital IQ Consensus Estimate. Sees Gross margin on a non-GAAP basis between 59.0% and 61.0%.