Ambarella, Inc. (NASDAQ: AMBA) reported third-quarter revenue of $108.5 million, a 31.2% increase from the same period last year.
The company's GAAP net loss for the quarter improved to $15.1 million compared to $24.1 million in the previous year.
Non-GAAP net profit for the quarter showed significant growth, reaching $11.9 million, up from $4.6 million in the same period last year.
Revenue Growth
Revenue for the quarter was $108.5 million, representing a 31.2% increase year-over-year.
Profitability Improvement
Non-GAAP net profit for the quarter reached $11.9 million, a significant increase from the previous year.
Guidance for Q4
Ambarella expects revenue between $97.0 million and $103.0 million for the fourth quarter of fiscal year 2026.
Financial Efficiency
Year-to-date free cash flow is 14.8% of revenue, showcasing strong growth and operational efficiency.
Record Edge AI Revenue
Edge AI revenue achieved its sixth consecutive revenue record, reflecting the growing demand for Ambarella's products.
- Ambarella's financial results show promising growth trends, with revenue and profitability on the rise.
- The company's focus on edge AI technology seems to be paying off, as indicated by the record-breaking performance in the third quarter.
Ambarella's strong financial performance in the third quarter of fiscal year 2026, along with the positive guidance for the fourth quarter, positions the company for continued success in the edge AI semiconductor market.