Recap: Ambarella Q1 Earnings - Ambarella (NASDAQ:AMBA)

Ambarella 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.

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.

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:

Quarter	Q4 2023	Q3 2023	Q2 2023	Q1 2023
EPS Estimate	0.14	0.20	0.19	0.36
EPS Actual	0.23	0.24	0.20	0.44
Revenue Estimate	83.01M	83.02M	80.21M	90.05M
Revenue Actual	83.32M	83.10M	80.88M	90.31M

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.