Here’s how the company did compared to LSEG expectations:<\/p>\n
Earnings: 15 cents per share adj. vs 5 cents per share expectedRevenue: $96 million vs $90 million expected<\/p>\n
Ambarella, which is known for its system-on-chip semiconductors<\/a> and software used for edge artificial intelligence<\/a>, said it expects third-quarter revenue between $100 million and $108 million, beating the LSEG estimate of $91 million.<\/p>\n The company boosted its fiscal year revenue growth outlook to a range of 31-35%, to $379 million at the midpoint, which topped the $350 million expected by LSEG.<\/p>\n “After a multi-year period of significant edge AI R&D investment, our broad product portfolio enable us to address a rising breadth of edge AI applications,” CEO Fermi Wang said in a call with analysts Thursday.<\/p>\n Wang singled out strength in “portable\u00a0video,\u00a0robotic\u00a0aerial\u00a0drones\u00a0and\u00a0edge\u00a0infrastructure.”<\/p>\n Edge computing refers to the direct processing and storing of data at the device level instead of those actions being handled remotely in the cloud at a data center.<\/p>\n Ambarella had a net loss of $20 million, a loss of 47 cents per share in the second quarter. That narrowed from the same quarter a year ago, when the company had a net loss of $35 million, a loss of 85 cents per share.<\/p>\n The company said stock-based compensation and the amortization of acquisition-related costs weighed on earnings.<\/p>\n
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