Ambarella Inc (AMBA) Q1 2026 Earnings Report

Ambarella delivered a strong start to fiscal year 2026 (qq1) with revenue of $85.9 million, placing it in the upper half of guidance and marking a 57.6% year-over-year increase. Management attributed the outperformance to continued strength in AI-driven products, led by AGI-enabled accelerators, and further supported by the five-nanometer CV5/CV7 and 10-nanometer CV2 product families. IoT applications expanded mid-single digits sequentially and now account for roughly three-quarters of total revenue, while automotive declined slightly on a sequential basis but remained up more than 20% year over year. Ambarella raised its full-year revenue growth target to 19%-25% (midpoint about $348 million), from the prior mid-to-high teens, despite ongoing geopolitical uncertainty. The company highlighted a multi-year AI strategy, expanding edge infrastructure offerings, and the development of a new AI SoC roadmap to extend leadership into edge AI markets. Notably, AGI revenue represented more than 75% of Q1 revenue—marking the fourth consecutive quarter of record AI revenue—and Ambarella emphasized that security remains a meaningful but not sole growth driver as it expands into other AGI applications across auto and IoT verticals.