Ambarella (AMBA) shares dropped over 15% on June 11, 2026. The decline followed several major company developments announced in May.
The edge AI semiconductor firm launched a $50 million share repurchase program. Ambarella also signed a long-term co-development and sourcing agreement with Hanwha.
The Hanwha deal has a potential revenue value exceeding $800 million. This agreement spans a period of more than ten years. Hanwha will embed Ambarella technology across multiple product lines to secure its long-term business pipeline.