Ambarella (NASDAQ: AMBA) grows Q1 FY2027 revenue and launches $50M buyback
Rhea-AI Filing Summary
Ambarella, Inc. reported first quarter fiscal 2027 results with revenue of $100,357,000 and a GAAP net loss of $18,093,000, or $0.41 per share, for the period ended April 30, 2026. Revenue increased from $85,872,000 a year earlier and the GAAP net loss narrowed from $24,328,000.
On a non-GAAP basis, Ambarella recorded net income of $5,033,000, or $0.11 per diluted share, up from $3,029,000 and $0.07 per share in the prior-year quarter, mainly reflecting the exclusion of stock-based compensation and acquisition-related costs. Total cash, cash equivalents and marketable debt securities were $277.8 million at quarter end, compared with $312.6 million in the prior quarter and $259.4 million a year ago.
The company repurchased 47,798 shares for approximately $2.4 million during the quarter and its board authorized a new $50.0 million share repurchase program running through June 30, 2027, to begin after the current program expires on June 30, 2026. Management highlighted record automotive revenue and strong demand signals for its edge AI solutions, and provided non-GAAP guidance for the second quarter of fiscal 2027.
Positive
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Negative
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Insights
Revenue grew and non-GAAP profitability improved, while GAAP results remain in loss territory.
Ambarella generated revenue of $100,357,000 in Q1 fiscal 2027, up from $85,872,000 a year earlier, reflecting solid top-line momentum. GAAP results improved but stayed negative, with a net loss of $18,093,000 versus $24,328,000 a year ago.
Non-GAAP metrics show a different picture: net income was $5,033,000, or $0.11 per diluted share, compared with $3,029,000 and $0.07 previously, after excluding stock-based compensation and acquisition-related costs. Cash, cash equivalents and marketable debt securities totaled $277.8 million, down from $312.6 million in the prior quarter but above $259.4 million a year earlier.
The company repurchased 47,798 shares for about $2.4 million and its board authorized a new $50.0 million repurchase program through June 30, 2027. Management cited record automotive revenue and strong demand for edge AI, while also outlining non-GAAP guidance for Q2 fiscal 2027; subsequent filings may provide further detail on execution against this outlook.
8-K Event Classification
Key Figures
Key Terms
non-GAAP financial information financial
stock-based compensation financial
edge AI platform technical
forward-looking statements regulatory
Earnings Snapshot
Company provided non-GAAP guidance for the second quarter of fiscal year 2027 ending July 31, 2026, without detailed figures in the excerpt.