Ambarella announced financial results for its fiscal first quarter of 2027, reporting revenue of $100.4 million, a 16.9% increase year-over-year. The company achieved a non-GAAP net profit of $5.0 million, or $0.11 per diluted share, compared to a $3.0 million profit in the same period last year. Automotive revenue reached a record high, driven by increasing adoption of AI in commercial vehicles. GAAP gross margin was 58.4%, and the company holds $277.8 million in cash and marketable securities. For the fiscal second quarter of 2027, Ambarella projects revenue between $105.0 million and $111.0 million.
Ambarella IncRevenue up 16.9% YoY and non-GAAP net profit increased to $5.0M, beating prior year.