Ambarella (NASDAQ:AMBA) reported its Q1 earnings results on Tuesday, May 30, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Ambarella beat estimated earnings by 28.57%, reporting an EPS of $-0.15 versus an estimate of $-0.21.

Revenue was down $28.16 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.09 which was followed by a 11.49% drop in the share price the next day.

Here's a look at Ambarella's past performance:

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.