🟢 At a Glance:
- 💰 Revenue: $54.6 million
- 🧨 Net Loss: $(35.2) million
- 💸 EPS: $(0.85) per share (Non-GAAP: $(0.46))
- 🏭 Gross Margin (GAAP): 60.6%
- 🔮 Q2 Revenue Guidance: $54–$58 million (flat as last week’s soda)
TL;DR: They burned cash, missed analyst revenue expectations, and still talked about AI like it’s saving them next quarter.
📉 Financial Breakdown
| Metric | Q1 FY25 | Q1 FY24 | YoY Change |
|---|
| Revenue | $54.6M | $62.1M | ▼ 12% |
| GAAP Net Loss | $(35.2)M | $(35.3)M | ≈ Flat |
| Non-GAAP Net Loss | $(18.9)M | $(22.3)M | 🟢 Improved |
| GAAP EPS | $(0.85) | $(0.90) | Slightly Better |
| Gross Margin | 60.6% | 62.0% | ▼ |
🔍 What Went Wrong?
- Revenue fell short of the Street’s expectations. Again.
- Still deeply loss-making — bleeding ~$35M on ~$55M sales. That’s a 🔥 burn rate.
- Automotive SoC revenue slowed due to macro weakness and slower CV deployments.
- Inventory remains high as they clear older parts.
🤖 But AI, Right?
Ambarella wants you to believe they are not just another fabless semi story.
“We continue to believe Ambarella is
