Ambarella reported second-quarter results that exceeded analyst expectations, with adjusted earnings per share of $0.18 compared with a $0.17 estimate. Revenue totaled $108.13 million, topping the $107.76 million consensus forecast.
The Santa Clara-based chip designer provided third-quarter revenue guidance of $115.00 million to $124.00 million, above the $119.30 million analyst average. The company’s shares closed at $63.34, reflecting a 0.28% decline over the past three months and a 21.99% drop over the last 12 months.
Over the last 90 days, Ambarella’s earnings outlook has seen eight upward revisions and three downward adjustments. InvestingPro rated the company’s financial health as "fair performance."
