===Ambarella (AMBA) reported earnings on Tue 30 May 23 (a/h)

 

Ambarella beats by $0.05, reports revs in-line; guides Q2 revs below consensus

• Reports Q1 (Apr) loss of $0.15 per share, $0.05 better than the FactSet Consensus of ($0.20); revenues fell 31.2% year/year to $62.1 mln vs the $61.99 mln FactSet Consensus.
• Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2024 was 60.4%, compared with 62.6% for the same period in fiscal 2023.
• Co issues downside guidance for Q2, sees Q2 revs of $60.0-$64.0 mln vs. $66.79 mln FactSet Consensus. Gross margin on a non-GAAP basis is expected to be between 62.5% and 64.5%.

Ambarella makes processors for computer vision systems and video surveillance cameras. Its products are used for video security, advanced driver-assistance systems, autonomous driving and robotic applications. Ambarella describes itself as "an edge AI semiconductor company."

For the current quarter, Ambarella predicted sales of $60 million to $64 million. The midpoint of $62 million was well below Wall Street's consensus estimate of $66.9 million for the fiscal second quarter ending July 31. In the year-ago period, Ambarella generated sales of $80.9 million.

"The cyclical headwinds persist and continue to pressure our financial results," Chief Executive Fermi Wang said in a news release. "But we are taking our inference AI strategy to the next level with our R&D investment focused on the build-out of our CV3 platform as well as new derivatives of our third-generation AI technology."

This week's biggest % winners & losers : Feb 28 - Mar 4, 2022 (wk 9)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: RYTM (9.25 +24.5%), RETA (31.99 +22.43%)
• Materials: IPI (69.58 +34.09%), HMY (5.11 +28.59%), CENX (29.45 +28.15%), SXC (9.74 +24.33%)
• Industrials: MRCY (69.64 +22.41%)
• Financials: FHN (23.68 +29.73%)
• Energy: KLXE (10.25 +66.38%), BTU (26.5 +65.52%), NINE (1.74 +58.18%), OXY (55.95 +44.42%), REGI (60.94 +39.1%), ARCH (149.67 +28.41%), RIG (4.18 +25.38%), KOS (5.61 +24.56%), PDCE (70.43 +23.76%), SM (39.86 +22.38%)
• Consumer Staples: KR (58.6 +26.12%)

This week's top % losers

• Healthcare: KPTI (5.96 -43.18%), AUPH (10.7 -34.11%), ATRA (8.77 -33.51%), NTLA (65.14 -32.4%), HRTX (5.27 -30.26%), ENDP (2.31 -29.08%), LXRX (2.13 -25.26%)
• Consumer Discretionary: CVNA (103.92 -31.89%), FTCH (14.7 -29.76%), GRPN (16.95 -26.24%), ANF (28.7 -26.07%)
• Information Technology: EPAM (198.02 -48.22%), AMBA (87.55 -37.18%)
• Financials: GSHD (64.77 -26.98%), DB (9.86 -26.67%), EHTH (11.36 -25.7%), ING (9.62 -25.19%)

-=Ambarella (AMBA) reported earnings on Mon 28 Feb 22 (a/h)

 

Co warns for near-term headwinds such as kitting shortages and supply constraints, notably at Samsung for 14nm video processors ($5M impact starting JulQ)

Ambarella beats by $0.03, reports revs in-line; guides Q1 revs in-line

• Reports Q4 (Jan) earnings of $0.45 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.42; revenues rose 45.2% year/year to $90.23 mln vs the $90.18 mln S&P Capital IQ Consensus.
• Co issues in-line guidance for Q1, sees Q1 revs of $88.5-$91.5 mln vs. $90.86 mln S&P Capital IQ Consensus.

Earnings this week : Feb 28 - Mar 4, 2022 (wk 9)

Monday (Feb 28)

• Morning:  ASTE WHD CWEN XRAY DEA HSKA HNI ITRI JLL RIDE EYE NLSN RETA TGNA VTRS
• Afternoon: DDD AAON ACHC ACAD AMBA BIGC BLNK DAR ENDP FATE FGEN FRPT GDRX GRPN HLIO HRTX HPQ JRVR LCID MRTX NKTR NVAX OSH OKE PDCE PRAA PRIM PGNY PUBM SAIL SBAC SEER SDC SRI SUPN TASK TREX VLDR VRM WDAY ZM

Tuesday (Mar 1)

• Morning: GOLF ADT AMRN AMRS APG AZO BIDU BMO BNS BSY BLDR CLVT DPZ EHTH EPZM EVRI FSS HTA HGV HZNP HRL TWNK TILE IGT ITCI SJM KSS KTB MANU MLCO NFE NOVT PRGO RDNT SE FOUR SHC TGT TMX TRS WEN XHR
• Afternoon:  DIBS AKA AMC ARLO BGS BNFT CDLX CELH CERT CCXI DOMO BROS FSLR GO GRWG HCAT HPE INO INSG IPAR JAMF JAZZ NSTG JWN PETQ PLBY RGNX RPAY ROST CRM SRPT SGMS SOFI TTEC URBN VUZI WISH WW ZIP

Wednesday (Mar 2)

• Morning:  ANF DIN DLTR DCI DY HAYW PDCO STER
• Afternoon:  AEO PLAN BOX AI CHPT CPNG DSGX FLYW GEF GSM JXN NTNX OKTA PSTG RSI SGFY SNOW SPLK VEEV VSCO ZUO

Thursday (Mar 3)

• Morning: BBY BIG BILI BJ BF.B BURL CNQ CPG GMS GOGO HLLY KR MTLS TTC TD UTZ WB
• Afternoon:  AVAV AQN AVGO COO COST DUOL ESTC EOLS FNKO GPS GDYN MRVL NCMI PAYO PBYI SG  SWBI VZIO

Friday (Mar 4)  

• Morning:  HIBB

-=Ambarella (AMBA) reported earnings on Tue 31 Aug 2021 (a/h)

 ** charts after earnings **

Ambarella beats by $0.10, beats on revs; guides Q3 revs above consensus

• Reports Q2 (Jul) earnings of $0.35 per share, $0.10 better than the S&P Capital IQ Consensus of $0.25; revenues rose 58.3% year/year to $79.3 mln vs the $75.91 mln S&P Capital IQ Consensus.
• Co issues upside guidance for Q3, sees Q3 revs of $88.0-$92.0 mln vs. $78.54 mln S&P Capital IQ Consensus. Gross margin on a non-GAAP basis is expected to be between 61.0% and 63.0%.
• "Our rapidly expanding AIoT foundation has positioned us to achieve record revenue in F2022, driven by new product cycles in existing markets and the expansion into new markets. The quality of our business is at its highest levels, with IoT cameras, primarily security, and automotive, representing ~90% of total Q2 revenue. We are capitalizing on this as demonstrated by the 450 basis point sequential increase in non-GAAP operating margin, reaching 16.9% in Q2..."

This week's biggest % winners & losers : Aug 26 - 30, 19 (wk 35)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: PRTA (8.41 +22.06%), RCUS (7.81 +21.27%)
• Materials: TSE (35.09 +27.14%), RYAM (3.51 +21.45%),
• Industrials: GMS (29.46 +27.59%)
• Consumer Discretionary: CAL (20.15 +35.14%), TLYS (10.71 +29.5%), SCVL (30.74 +28.89%), GES (18.07 +25.23%), FOSL (12.8 +23.08%)
• Information Technology: AMBA (55.87 +25.13%), DAKT (7.23 +21.51%)
• Energy: TGE (19.58 +30.53%), PDCE (31.85 +26.14%), NE (1.6 +24.03%), SRCI (5.02 +20.96%)
• Consumer Staples: RAD (6.46 +21.66%)

This week's top % losers

• Healthcare: MNK (2.59 -39.34%), ENDP (2.37 -18.28%)
• Consumer Discretionary: OLLI (55.45 -29.38%), ULTA (237.73 -26.19%), OSTK (15.73 -20.92%), AOBC (6.01 -19.33%)
• Information Technology: MFGP (13.8 -27.37%)
• Financials: GGAL (10.84 -26.21%), SUPV (2.46 -26.13%), BMA (23.31 -24.59%), JT (3.01 -16.85%), EHTH (83.31 -13.16%)
• Energy: NINE (5.48 -14.51%), TGS (7.5 -13.99%)
• Utilities: CEPU (2.78 -22.99%), PAM (12.98 -19.53%)

Ambarella (AMBA) reported earnings on Thur 29 Aug 2019 (a/h)

** charts after earnings **

 

 Ambarella beats by $0.19, beats on revs; guides OctQ revs above consensus

Reports Q2 (Jul) earnings of $0.21 per share, excluding non-recurring items, $0.19 better than the S&P Capital IQ Consensus of $0.02; revenues fell 9.7% year/year to $56.4 mln vs the $52.0 mln S&P Capital IQ Consensus.

Co issues upside guidance for Q3 (Oct), sees Q3 revs of $63-67 mln vs. $55.4 mln S&P Capital IQ Consensus.

Earnings this week : Aug 26 - 30, 19 (wk 35)

Notable earnings reports:

• Autodesk (NASDAQ:ADSK), J.M. Smucker (NYSE:SJM) and Hewlett Packard Enterprise (NYSE:HPE) on August 27; 
• Box (NYSE:BOX), Five Below (NASDAQ:FIVE), Tiffany (NYSE:TIF), Williams-Sonoma (NYSE:WSM) and H&R Block (NYSE:HRB) on August 28; 
• Abercrombie & Fitch (NYSE:ANF), Best Buy (NYSE:BBY), Dell Technologies (NYSE:DELL), Dollar General (NYSE:DG), Workday (NASDAQ:WDAY), Marvell Technologies (NASDAQ:MRVL) and Dollar Tree (NASDAQ:DLTR) on August 29; 
• Campbell Soup (NYSE:CPB) and JinkoSolar (NYSE:JKS) on August 30.

****

• Tue 8/27 afternoon: ADSK HEI HPE LCI OOMA PAHC PSEC VEEV
• Wed 8/28 morning: BF.B CHS COTY DAKT DY EXPR MOV TIF
• Wed 8/28 afternoon: BOX ESTC FIVE GEF GES HRB MTRX NTNX OKTA OLLI PVH SCVL SMTC SPWH TLYS WSM ZUO
• ---
• Thur 8/29 morning: ANF BBY BURL DBI DG DLTR GMS HAIN MBUU MEI PDCO SAFM SY TD TECD TITN
• Thur 8/29 afternoon: AMBA AOBC COO DELL MRVL ULTA WDAY YEXT
• ------
• Fri 8/30 afternoon: BIG CPB JKS LX

Ambarella (AMBA) reported earnings on Thur 29 Nov 2018 (a/h)

** charts before earnings **

** charts after earnings **

Ambarella beats by $0.12, reports revs in-line; guides Q4 revs below consensus

• Reports Q3 (Oct) earnings of $0.21 per share, $0.12 better than the S&P Capital IQ Consensus of $0.09; revenues fell 35.7% year/year to $57.3 mln vs the $57.12 mln S&P Capital IQ Consensus.
• Gross margin on a non-GAAP basis for the third quarter of fiscal 2019 was 60.9%, compared with 64.0% for the same period in fiscal 2018
• Co issues downside guidance for Q4, sees Q4 revs of $51.0, plus or minus 3% ($49.5-$52.5 mln) vs. $55.60 mln S&P Capital IQ Consensus. Sees Gross margin on a non-GAAP basis of between 59.0% and 60.5%.
• Commentary: "The short term revenue outlook continues to be under pressure as our business shifts away from consumer electronic applications and faces geopolitical and macroeconomic challenges, as we have previously discussed. We are, however, very encouraged with our strategy and position at the forefront of the nascent computer vision market. Less than 1 year after sampling our first computer vision device we continue to achieve major product and market development milestones. In the third fiscal quarter we realized our first computer vision design wins in the automotive market and in the current quarter we expect our first mass production computer vision revenue from the professional surveillance camera market."

=Ambarella (AMBA) reported earnings on Thur 30 August 2018 (a/h)

Ambarella beats by $0.12, reports revs in-line; guides Q3 revs below consensus 

• Reports Q2 (Jul) earnings of $0.25 per share, $0.12 better than the S&P Capital IQ Consensus of $0.13; revenues fell 12.7% year/year to $62.5 mln vs the $62.16 mln S&P Capital IQ Consensus.
• Gross margin on a non-GAAP basis for 2Q19 was 61.4%, compared with 63.0% for the same period in fiscal 2018.
• Co issues downside guidance for Q3, sees Q3 revs of $55.5-$58.5 mln vs. $73.44 mln S&P Capital IQ Consensus. Gross margin on a non-GAAP basis is expected to be between 59.0% and 60.5%. 
• Commentary: "While we are disappointed with our near term outlook, we remain confident that our decision to focus on computer vision applications in the IP security, automotive and robotics AI markets is the correct strategy and is already bearing fruit..."

Earnings this week : August 27 - 31, 18 (wk 35)

Earnings confirmed to report this week

Monday (August 27)

• Morning: AMWD  PKX MBT JT SVA FGBI PEBK TATT
• Afternoon: HEI PAHC  SHG BAP WF BILI  RYB MESA

Tuesday (Aug 28)

• Morning: BBY BJ BMO BNS CTLT  DSW HAIN SFUN SXI TIF
• Afternoon: BOX HPE HRB LCI NCS OOMA PSEC SCSC  SCVL TLRY YRD

Wednesday (Aug 29)

• Morning: AEO BF.B CHS DKS DY EV EXPR MOV
• Afternoon: CRM GEF GES HOME PVH SMTC TLYS UEPS

Thursday (Aug 30)

• Morning: ANF BURL CIEN CPB DG  DLTR  GMS KIRK MEI MIK PDCO SIG TD TECD TITN
• Afternoon: AMBA  AOBC  COO  LULU  NTNX PAGS ULTA YEXT ZUO

Friday (Aug 31)

• Morning: BIG  

=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%.

=Ambarella (AMBA) reported earnings on Thur 30 Nov 2017 (a/h)

Ambarella beats by $0.08, reports revs in-line; guides Q4 revs in line 

• Reports Q3 (Oct) earnings of $0.75 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus of $0.67; revenues fell 11.4% year/year to $89.06 mln vs the $89.41 mln Capital IQ Consensus.
  • In the third quarter of fiscal year 2018, the company repurchased a total of 269,540 shares for total consideration of approximately $12.8 million. Under the current $50 million repurchase program that was announced in June 2017 and commenced on July 1st, the company repurchased a total of 313,959 ordinary shares for total cash consideration of approximately $15.0 million. As of October 31, 2017, there was approximately $35.0 million available for repurchases under the repurchase program through June 30, 2018.
  • Gross margin on a non-GAAP basis for the third quarter of fiscal 2018 was 64.0%, compared with 66.3% for the same period in fiscal 2017.
• Co issues guidancefor Q4, sees Q4 revs of $68-72 mln vs. $71.09 mln Capital IQ Consensus Estimate.
  • Gross margin on a non-GAAP basis is expected to be between 62.0% and 63.5%.
  • Operating expenses on a non-GAAP basis are expected to be between $28.5 million and $30.0 million.
• "During the quarter, we continued our solid execution in support of the development and delivery of our next generation of computer vision solutions. We met our aggressive goal of demonstrating our CV1 performance to customers and commenced sampling in the security and automotive markets," said Fermi Wang, CEO of Ambarella. "We continue to invest in leading edge technology to expand our market opportunities, both in current markets, and in a broad range of new automotive applications," he said. 

=Ambarella (AMBA) reported earnings on Thur 31 August 2017 (a/h)

Ambarella beats by $0.04, beats on revs; guides Q3 revs in-line

• Reports Q2 (Jul) earnings of $0.48 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.44; revenues rose 10.0% year/year to $71.63 mln vs the $70.79 mln Capital IQ Consensus.
• Gross margin on a non-GAAP basis for the second quarter of fiscal 2018 was 63.0%, compared with 67.1% for the same period in fiscal 2017. For the six months ended July 31, 2017, non-GAAP gross margin was 63.6%, compared with 66.0% for the six months ended July 31, 2016.
  • This compares to guidance for between 62.0% and 63.5%
• Co issues in-line guidance for Q3, sees Q3 revs of $87.5-90.5 mln vs. $88.95 mln Capital IQ Consensus Estimate; Gross margin on a non-GAAP basis is expected to be between 62.0% and 63.5%
• "During the second quarter, we had solid growth from IP security, both from professional and home monitoring camera markets. We also continued to see growth in our OEM auto business, with strong design win activity and revenue from OEM auto video recorders," said Fermi Wang, CEO of Ambarella. "We continue to invest in the technologies required to deliver future generations of highly intelligent, HD and Ultra HD cameras with particular emphasis on high performance computer vision functionality. We see computer vision as a key differentiator for us in camera markets, including automotive, IP security, drones and robotics, and it is our key area of focus for the future," he said.

=Ambarella (AMBA) reported earnings on Tue 6 June 2017 (a/h)

• Ambarella tops Street 1Q forecasts

SANTA CLARA, Calif. (AP) _ Ambarella Inc. (AMBA) on Tuesday reported fiscal first-quarter profit of $2.6 million.

On a per-share basis, the Santa Clara, California-based company said it had net income of 7 cents. Earnings, adjusted for stock option expense, came to 39 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The video-compression chipmaker posted revenue of $64.1 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $63.3 million.

For the current quarter ending in August, Ambarella said it expects revenue in the range of $69 million to $72 million.

=Ambarella (AMBA) reported earnings Thur 1 Dec 2016 (a/h)

Ambarella reported numbers that came in ahead of Street expectations on both the revenue and earnings front.

The company reported earnings of $1.11 per share on revenues of $100.5 million versus Street expectations of earnings of $0.94 per share on revenues of $97.3 million for the fiscal third quarter ended in October 2016.

For the current quarter (fiscal fourth quarter ending January 31, 2017) the company guided revenues slightly lower to a range between $84 million and $87 million or $85.5 million at the mid-point. The Street was expecting revenues for the quarter of $87 million. Last year Ambarella reported revenues of $95.6 million in the current quarter.

Gross margins in FQ3 improved to 66% from 65.6% a year ago, same quarter.

Ambarella (AMBA) reported earnings Thur 1 Sept 16 (a/h)

** charts before earnings **

** chart after earnings **

Ambarella beats by $0.16, beats on revs; guides Q3 revs in-line; reaffirms FY17 revs guidance:

• Reports Q2 (Jul) earnings of $0.54 per share, $0.16 better than the Capital IQ Consensus of $0.38; revenues fell 22.7% year/year to $65.1 mln vs the $64.42 mln Capital IQ Consensus. 
  • Gross margin on a non-GAAP basis for Q2 was 67.1%, compared with 65.3% for the same period in fiscal 2016
• Co issues in-line guidance for Q3, sees Q3 revs of $95-99 mln vs. $95.74 mln Capital IQ Consensus; Gross margin on a non-GAAP basis is expected to be between 63.5% and 65.0%.
• Co reaffirms guidance for FY17, sees FY17 revs flat to down 5% to ~$300.6-316.4 mln vs. $310.78 mln Capital IQ Consensus Estimate. 
• During the second quarter, Ambarella repurchased a total of 405,089 shares in the open market for total cash consideration of ~$20.2 million or $49.80 per share. 
• AMBA is a GoPro (GPRO) supplier.

=Ambarella (AMBA) reported earnings Thur 2 June 2016 (a/h)

Ambarella beats by $0.06, beats on revs; Announces $75 mln share repurchase:

• Reports Q1 (Apr) earnings of $0.34 per share, excluding non-recurring items,$0.06 better than the Capital IQ Consensus of $0.28; revenues fell 19.7% year/year to $57.2 mln vs the $56.28 mln Capital IQ Consensus.
• Gross margin on a non-GAAP basis for the first quarter of fiscal 2017 was 64.6% (Guidance 60.5-62.0%), compared with 64.8% for the same period in fiscal 2016
• Announces $75 mln share repurchase commencing in Q2.

=Ambarella (AMBA) reported earnings Thur 3 March 2016 (a/h)

Ambarella (AMBA) is lower after light guidance overshadowed a better-than-expected fourth quarter.

The company said it earned 64 cents a share on revenue of $68 million. Analysts were looking for 45 cents in per-share earnings on revenue of $64.4 million.

However, it’s forecast wasn’t as bright. Ambarella expects revenues between $55 million and $57 million in the first quarter, below the $62.4 million analysts had forecast.

Ambarella’s stock price has long been tied to GoPro (GPRO), one of its biggest customers. In December a better-than-expected third quarter was overshadowed by weak guidance that investors parsed for GoPro implications.

Still, analysts are getting more bullish on the stock. Late last year Craig Hallum said Ambarella had life beyond GoPro. Stifel was bullish on Ambarella to start the year and recommended buying the shares before earnings on Monday. Dougherty & Co. also upgraded the Ambarella last month.

Ambarella (AMBA) reported earnings Thur 3 Dec 2015 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Ambarella beats by $0.22, beats on revs; guides Q4 revs below consensus :

• Reports Q3 (Oct) earnings of $1.08 per share, $0.22 better than the Capital IQ Consensus of $0.86; revenues rose 41.9% year/year to $93.2 mln vs the $89.89 mln Capital IQ Consensus.
• Gross margin on a non-GAAP basis for the third quarter of fiscal 2016 was 65.9%, compared with 63.4% for the same period in fiscal 2015. Guidance was for the range of 62.5-64.0%.
  • "Our strong third quarter results reflect our success in expanding revenues in new markets such as flying cameras and home security monitoring, as well as existing markets for professional IP security cameras and automotive after-market dash cameras. Although we expect these markets to continue their strong annual growth, we are experiencing near term headwinds in the wearable sports market which is expected to negatively impact revenue in Q4 of this year,"
• Co issues downside guidance for Q4, sees Q4 revs of $65-67.5 mln vs. $76.30 mln Capital IQ Consensus Estimate.
  • Gross margin on a non-GAAP basis is expected to be between 63.0% and 64.5%.
  • Net income on a non-GAAP basis is expected to be between $15.0 million and $17.0 million.