Ambarella, Inc. Ordinary Shares 2027 Q2 Earnings Call
Review the key takeaways and the transcript of this earnings call.
- Ambarella Inc reported fiscal Q2 2027 revenue of $108.1 million, slightly above the midpoint of guidance, up 7.7% sequentially and 13.2% year over year.
- Non-GAAP EPS was $0.18 for the quarter.
- Automotive revenue set a new record, driven by commercial vehicle adoption of AI, slightly outpacing IoT business growth.
- Non-GAAP gross margin was 59.3%, slightly below the midpoint of prior guidance.
- Operating expenses were $57.4 million, slightly below the midpoint of guidance.
- Cash and marketable securities totaled $272.3 million, down $5.5 million sequentially but up $11.1 million year over year.
- Days sales outstanding decreased from 35 to 32 days; inventory days increased from 145 to 157 days.
- Free cash flow was negative $7.1 million for the quarter.
- Ambarella did not repurchase shares in Q2 but has a new $50 million repurchase authorization valid through June 30, 2027.
- W.T. Microelectronics and Hakuto accounted for 60.2% and 11% of revenue respectively in Q2.
STOCKNOW INSIGHTS
Continue with outlook and guidance.
Log in to unlock executive comments and Q&A highlights.
Log in for the full summaryStockNow uses AI to translate and summarize earnings calls. Accuracy and completeness are not guaranteed.
Transcript
Preview the first fifteen paragraphs, organized by speaker.
Thank you for standing by, and welcome to Ambarella's second quarter fiscal year 2027 earnings call. At this time, all participants are in listen only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. If your question has been answered and you would like to remove yourself from the queue, simply press star 1 1 again. As a reminder, today's program is being recorded. Now I would like to introduce your host for today's program, Louis Gerhardy, Vice President, Corporate Development.
Please go ahead, sir. Thank you, Jonathan, and good afternoon.
Thank you for joining our second quarter fiscal year 2027 financial results conference call. On the call with me today is Dr. Fermi Wang, President and CEO, and John Young, CFO. The primary purpose of today's call is to provide you with information regarding the results for our second quarter of fiscal year 2027. The discussion today and the responses to your questions will contain forward-looking statements regarding our projected financial results, financial prospects, market growth, and demand for our solutions, among other things. These statements are based on currently available information and subject to risks, uncertainties, and assumptions. Should any of these risks or uncertainties materialize, or should our assumptions prove to be incorrect, our actual results could differ materially from these forward-looking statements. We are under no obligation to update these statements.
These risks, uncertainties, and assumptions, as well as other information on potential risk factors that could affect our financial results, are more fully described in the documents we file with the SEC. Access to our second quarter fiscal year 2027 results, press release, transcripts, historical results, SEC filings, and a replay of today's call can be found on the investor relations page of our website. The content of today's call, as well as the materials posted on our website, are Ambarella's property and cannot be reproduced or transcribed without our prior written consent. Before starting the call, we hope to see you at one of the following investor events that we have scheduled in our third quarter. First, on September 8, we will host a DNB bus tour at our offices in Santa Clara.
Call participants
14 people spoke on this call — only 1 are shown here.
PARTICIPANT LIST
View participant details in StockNow.
Log in to see executives and analysts, their roles, and complete speaking history.
Log in to view all participantsKeep exploring