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AMBA

Ambarella, Inc.

AMBA

Ambarella, Inc. • NASDAQ
$74.18 ▲ 0.39% (+0.29)
Market Cap $3.17 B
52w High $96.69
52w Low $38.86
Dividend Yield 0%
P/E -39.46
Volume 652.13K
Outstanding Shares 42.69M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2026 $108.452M ▲ $80.378M ▲ $-15.107M ▲ -13.93% ▲ $-0.35 ▲ $-14.174M ▲
Q2-2026 $95.511M ▲ $78.22M ▲ $-19.995M ▲ -20.935% ▲ $-0.47 ▲ $-19.742M ▼
Q1-2026 $85.872M ▲ $77.394M ▲ $-24.328M ▼ -28.331% ▼ $-0.58 ▼ $-19.11M ▼
Q4-2025 $84.015M ▲ $75.734M ▲ $-20.234M ▲ -24.084% ▲ $-0.48 ▲ $-18.527M ▲
Q3-2025 $82.653M $75.558M $-24.071M -29.123% $-0.58 $-19.031M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2026 $295.298M ▲ $751.89M ▲ $161.777M ▲ $590.113M ▲
Q2-2026 $261.183M ▲ $706.431M ▲ $129.911M ▲ $576.52M ▲
Q1-2026 $259.387M ▲ $701.918M ▲ $129.202M ▲ $572.716M ▲
Q4-2025 $250.265M ▲ $688.968M ▲ $127.556M ▲ $561.412M ▲
Q3-2025 $226.524M $670.789M $116.494M $554.295M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-19.995M ▲ $5.506M ▼ $-4.945M ▲ $894K ▲ $1.455M ▲ $10.071M ▼
Q1-2026 $-24.328M ▼ $14.801M ▼ $-16.154M ▼ $-1.55M ▼ $-2.903M ▼ $10.236M ▼
Q4-2025 $-20.234M ▲ $25.43M ▲ $-10.466M ▲ $2.536M ▲ $17.5M ▲ $21.245M ▲
Q3-2025 $-24.071M ▲ $6.619M ▼ $-35.817M ▼ $2.395M ▲ $-26.803M ▼ $4.119M ▼
Q2-2025 $-34.889M $16.738M $3.622M $1.755M $22.115M $14.174M

Five-Year Company Overview

Income Statement

Income Statement Revenue grew solidly through the early part of the period, then pulled back and has started to recover more recently. Gross margins remain healthy, which means the core products are still creating good value after direct costs. The main issue is at the operating level: spending on R&D and other overhead has kept the company in loss-making territory every year, with losses widening as investment has ramped up. More recently the losses have narrowed a bit versus the worst year, but the business is still far from break-even on a net income or earnings-per-share basis. Overall, this looks like a company prioritizing growth and innovation over near‑term profitability.

Balance Sheet

Balance Sheet The balance sheet shows a solid cushion of assets and equity relative to the size of the business. Cash levels have come down from earlier years but have stabilized more recently, suggesting management is watching liquidity while still funding growth. Debt is very low and has not materially changed, so the company is not relying on heavy borrowing to finance operations. Equity has generally trended upward, indicating that cumulative losses have been offset by capital raised in prior years and retained value. In short, the balance sheet looks conservative and provides flexibility to continue investing despite ongoing losses.

Cash Flow

Cash Flow Despite accounting losses, the company has been consistently generating positive cash from operations, albeit at modest levels. Free cash flow has also stayed positive every year, helped by relatively light spending on equipment and facilities. This pattern suggests that non‑cash expenses and working capital management partially offset the impact of reported losses. The business appears to be burning earnings on paper, but not burning large amounts of cash, which is an important distinction for a technology company in investment mode.

Competitive Edge

Competitive Edge Ambarella occupies a focused niche in edge AI and vision processing, where performance per unit of power is a key differentiator. Its CVflow architecture, long history in video and image processing, and strong relationships with automotive and security OEMs create meaningful barriers for new entrants. The company’s open software tools and unified platform across products help customers build and deploy their own AI models, which can deepen integration and switching costs. At the same time, Ambarella operates in a fiercely competitive semiconductor landscape, facing much larger players and rapid technology cycles, so continued execution on design wins and roadmap delivery is critical to defending its position.

Innovation and R&D

Innovation and R&D The company is clearly R&D‑driven, continually rolling out new generations of its CVflow architecture and expanding into areas like generative AI at the edge. Recent chips are designed to handle more complex models, including large language and vision‑language models, while still keeping power use low, which aligns well with its core strengths. Ambarella is also pushing into new applications such as robotics, industrial automation, and advanced automotive domain controllers, broadening its addressable market. This high level of innovation helps explain the persistent operating losses: the firm is spending heavily today to build platforms it hopes will drive future volumes and long‑term relevance.

Summary

Ambarella looks like a technologically strong, innovation‑heavy semiconductor company that is still in a long investment phase. Revenues have been uneven but generally higher than a few years ago, while solid gross margins show that customers value its specialized chips. However, the business is not yet profitable, with sustained operating and net losses driven largely by R&D and growth spending. The balance sheet and cash flows provide a buffer, thanks to low debt and steady, if modest, positive cash generation. The story here centers on whether its edge‑AI and vision technology, customer relationships, and R&D pipeline can eventually scale to a level where the current investment translates into durable, profitable growth in a highly competitive market.

NEWS

November 25, 2025 · 4:05 PM UTC

Ambarella, Inc. Announces Third Quarter Fiscal Year 2026 Financial Results

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November 7, 2025 · 5:00 PM UTC

Ambarella Announces Third Quarter Fiscal Year 2026 Earnings Conference Call to be Held November 25, 2025

Read more