“We are seeing early signs for the proliferation of AI inferencing at the network edge, and the breadth
of our customer engagements is consistent with this, which should create a foundation of multiple applications for revenue growth. We now have our first win at an EV passenger vehicle OEM with our CV3-AD
family of AI domain controllers, we added another CV3-AD win in commercial vehicles, and we gained multiple AI inference wins in the IoT market,” said Fermi Wang, President and CEO. “We continue to
anticipate revenue growth in fiscal 2025 driven by both a cyclical tailwind as our customers’ inventory levels normalize and the secular growth of our AI inference portfolio.”
Quarterly Conference Call
Ambarella plans to hold a
conference call at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time today with Fermi Wang, President and Chief Executive Officer, and John Young, Chief Financial Officer, to discuss the first quarter of fiscal year 2025 results. A live and archived
webcast of the call will be available on Ambarella’s website at http://www.ambarella.com/ for up to 30 days after the call.
About
Ambarella
Ambarella’s products are used in a wide variety of human vision and edge AI applications, including video security, advanced driver
assistance systems (ADAS), electronic mirror, drive recorder, driver/cabin monitoring, autonomous driving and robotics applications. Ambarella’s low-power systems-on-chip (SoCs) offer high-resolution video compression, advanced image and radar processing, and powerful deep neural network processing to enable intelligent perception, fusion and planning. For more
information, please visit www.ambarella.com.
“Safe harbor” statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements that are not historical facts and often can be identified by terms such as “outlook,”
“projected,” “intends,” “will,” “estimates,” “anticipates,” “expects,” “believes,” “could,” “should,” or similar expressions, including the guidance for the
second quarter of fiscal year 2025 ending July 31, 2024, and the comments of our CEO relating to our expectation of future revenue growth, customer demand for our AI inference products, potential drivers of future revenue growth, and the
normalization of customer inventory levels. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. Our actual results could differ materially from those predicted or
implied and reported results should not be considered as an indication of our future performance.
The risks and uncertainties referred to above include,
but are not limited to, global economic and political conditions, including possible trade tariffs and restrictions; revenue being generated from new customers or design wins, neither of which is assured; the commercial success of our
customers’ products; our customers’ ability to manage their inventory requirements; our growth strategy; our ability to anticipate future market demands and future needs of our customers, particularly for AI inference applications; our
ability to introduce, and to generate revenue from, new and enhanced solutions; our ability to develop, and to generate revenue from, new advanced technologies, such as computer vision and AI functionality; our ability to retain and expand customer
relationships and to