Ambarella, Inc. announced strong financial results for its third quarter of fiscal year 2025, ended October 31, 2024. The company reported revenue of $82.7 million, marking a significant 63% increase compared to the same period in the prior fiscal year. This revenue figure exceeded the high-end of the company's guidance range, demonstrating robust performance.
Non-GAAP earnings per share for Q3 FY25 came in at $0.11, a substantial improvement from a non-GAAP loss of $0.28 per share in the year-ago period. Edge AI revenue represented approximately 70% of total revenue, establishing a new record level for the company. This highlights the successful execution of Ambarella's strategic pivot towards AI inference processors.
Looking ahead, Ambarella provided guidance for the fourth quarter of fiscal year 2025, anticipating revenue between $76 million and $80 million. The company also projected a non-GAAP gross margin in the range of 61.5% to 63%. Ambarella maintained a solid liquidity position with $226.5 million in cash, cash equivalents, and marketable debt securities, and noted its 15th consecutive fiscal year of positive free-cash-flow.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.