Ambarella beats by $0.03, beats on revs; guides Q2 revs above consensus
- Reports Q1 (Apr) earnings of $0.07 per share, excluding non-recurring items, $0.03 better than the FactSet Consensus of $0.04; revenues rose 57.7% year/year to $85.9 mln vs the $84 mln FactSet Consensus.
- Co issues upside guidance for Q2, sees Q2 revs of $86.0-$94.0 mln vs. $84.68 mln FactSet Consensus. Gross margin on a non-GAAP basis is expected to be between 60.5% and 62.0%.
- Stock Repurchase: During the second quarter of fiscal year 2026, Ambarella's Board of Directors approved an extension of the current share repurchase program for an additional twelve months ending June 30, 2026. In the first quarter of fiscal year 2026, the company repurchased a total of 24,152 shares for total consideration of approximately $1.0 million. As of today, there is approximately $48.0 million available for repurchase under the company's stock repurchase program.