Ambarella reported fiscal Q2 revenue of $108.1 million, up 13.2% year-over-year, with non-GAAP EPS of $0.18, and guided fiscal Q3 revenue to a range of $115 million to $124 million, citing favorable seasonality. The company also announced its new X7 stand-alone AI accelerator, now sampling, and two indirect-channel partnerships with CapGemini and a 7-year agreement with Macnica, each expected to contribute about $0.5 billion in revenue over time. Management raised its 5-year rolling serviceable addressable market forecast from $8.5 billion in fiscal year 2027 to $22.9 billion in fiscal year '32, representing a CAGR of about 20%, driven largely by the edge infrastructure opportunity. CFO John Young noted Q2 non-GAAP gross margin of 59.3% and operating expenses of $57.4 million, while CEO Fermi Wang said rising memory costs will be passed to customers to maintain the long-term gross margin target of 59% to 62%. The company also authorized a new $50 million share repurchase program valid through June 30, 2027.
Ambarella IncGuided Q3 revenue above expectations and announced buyback
MACNICA HOLDINGS INC.7-year partnership expected to contribute $0.5B revenue
Capgemini SEIndirect-channel partnership expected to contribute $0.5B revenue
