Recap: Ambarella Q1 Earnings

Ambarella AMBA reported its Q1 earnings results on Tuesday, May 31, 2022 at 04:00 PM.

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

Ambarella beat estimated earnings by 22.22%, reporting an EPS of $0.44 versus an estimate of $0.36.

Revenue was up $20.17 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 31.3% drop in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.42	0.49	0.25	0.17
EPS Actual	0.45	0.57	0.35	0.23
Revenue Estimate	90.16M	90.35M	75.68M	68.61M
Revenue Actual	90.23M	92.17M	79.33M	70.13M

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.

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