Ambarella Expects Q2 Revenue Of $60M - $64M, Est $59.338M
Portfolio Pulse from Benzinga Newsdesk
Ambarella expects Q2 revenue to be between $60M and $64M, surpassing the estimated $59.338M. The company also projects a non-GAAP gross margin of 62.5% to 64.0% and non-GAAP operating expenses between $47.5M and $49.5M.
May 30, 2024 | 8:35 pm
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Ambarella's Q2 revenue projection of $60M-$64M exceeds the estimated $59.338M, indicating strong performance. The non-GAAP gross margin is expected to be between 62.5% and 64.0%, and operating expenses are projected to be between $47.5M and $49.5M.
Ambarella's revenue projection surpasses market estimates, which is a positive indicator for the company's short-term stock performance. The expected gross margin and operating expenses also suggest efficient cost management.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100