Ambarella, Inc. Announces Second Quarter Fiscal Year 2021 Financial Results
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Ambarella (AMBA) Tops Q2 EPS by 8c, Slight Revenue Miss; Offers 3Q Revenue Guidance
September 2, 2020 4:16 PM EDTAmbarella (NASDAQ: AMBA) reported Q2 EPS of $0.06, $0.08 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $50.1 million versus the consensus estimate of $50.03 million.
Revenue for the second quarter of fiscal 2021 was $50.1 million, down 11.2% from $56.4 million in the same period in fiscal 2020. For the six months ended July 31, 2020, revenue was $104.8 million, up 1.1% from $103.6 million for the six months ended July 31, 2019.Gross margin under U.S. generally accepted accounting principles (GAAP) for the second quarter of fiscal 2021 was 61.8%, compared with 57.5% for the same period in fiscal 2020. For the six months ended... More