Ambarella's first quarter 2027 revenue grew 17% to beat estimates while EPS met expectations.

Ambarella reported first quarter fiscal 2027 revenue of $100.4 million, a 16.9% increase year-over-year, and non-GAAP EPS of $0.11. The results represent a slight revenue beat against consensus estimates while earnings were in-line with expectations.

Key Highlights

• Revenue growth was driven by a new all-time record in the automotive segment, fueled by the adoption of AI in commercial vehicles.
• Non-GAAP gross margin contracted to 59.9% from 62.0% in the same period last year.
• The company guided for second quarter revenue between $105.0 million and $111.0 million, signaling expectations for continued sequential growth.