Ambarella (NASDAQ:AMBA) reported its Q1 earnings results on Tuesday, May 31, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Ambarella beat estimated earnings by 22.22%, reporting an EPS of $0.44 versus an estimate of $0.36.
Revenue was up $20.17 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 31.3% drop in the share price the next day.
Here's a look at Ambarella's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.42 | 0.49 | 0.25 | 0.17 |
| EPS Actual | 0.45 | 0.57 | 0.35 | 0.23 |
| Revenue Estimate | 90.16M | 90.35M | 75.68M | 68.61M |
| Revenue Actual | 90.23M | 92.17M | 79.33M | 70.13M |
To track all earnings releases for Ambarella visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
