Ambarella
ConvictionModerate
Fabless chip design: sells system-on-chip (SoC) processors + software toolchain, manufactured at external foundry (Samsung for advanced nodes; TSMC historically); revenue overwhelmingly via a Taiwan sales-rep/fulfillment partner (WT Microelectronics) serving Asian ODM/OEM customers. Design-win driven, multi-year automotive cycles.
Revenue
$390.7MFY2026, ended Jan 31 2026); $100.4M (Q1 FY2027, ended Apr 30 2026Rev growth
+37.2% YoYFY2026); +16.9% YoY, -0.5% QoQ (Q1 FY2027Gross margin
59.2% GAAP / 60.7% non-GAAPFY2026); 58.4% GAAP / 59.9% non-GAAP (Q1 FY2027Op margin
GAAP negativeFY2026 GAAP net loss $75.9M on $390.7M rev, weighed by stock-based comp + heavy R&D); non-GAAP modestly positive (non-GAAP net income $26.9M / $0.62 diluted EPS FY2026Capex intensity
Lowfabless; no fabs, foundry-outsourced to Samsung) - capex is lab/test/EDA tooling, typically a low-single-digit % of revenueMarket cap
~$3.75-3.8BNASDAQ: AMBA, $85.80/sh close 2026-06-30, ~43.8M sh); shares jumped ~28% on 2026-06-30 on a Rosenblatt physical-AI top-pick note ($120 PT) plus a KeyBanc non-deal roadshow - a sentiment/flow event, NOT M&A or a fundamental changeThe read
Where our coverage leans
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
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Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence