2023-05-30 16:10:54 ET
- Ambarella press release ( NASDAQ: AMBA ): Q1 Non-GAAP EPS of -$0.15 beats by $0.06 .
- Revenue of $62.14M (-31.2% Y/Y) beats by $0.13M .
- Gross margin on a non-GAAP basis for the first quarter of fiscal 2024 was 63.1%, compared with 63.8% for the same period in fiscal 2023.
- Q2 Outlook: Revenue is expected to be between $60.0 million to $64.0 million vs. consensus of $66.79M.
- Gross margin on a non-GAAP basis is expected to be between 62.5% and 64.5%.
- Operating expenses on a non-GAAP basis are expected to be between $48.0 million and $50.0 million.
- Shares -9.41% .
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Ambarella Non-GAAP EPS of -$0.15 beats by $0.06, revenue of $62.14M beats by $0.13M