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Ambarella’s Upcoming Q3 Earnings Preview

Deutsche Bank analysts shared their outlook on Ambarella, Inc. (NASDAQ:AMBA) ahead of its upcoming Q3 results announcement on Dec 1.
After the company delivered a slight beat in Q2 but once again guided softer than expected, the analysts anticipate an approximately in-line report for Q3 revenues ($83 million at the midpoint of guidance) as the majority of supply-related impacts should be behind the company.
While the near-term remains somewhat murky due primarily to uncertain demand conditions, the analysts believe the company remains well positioned for long-term success, as the long-awaited announcement of their involvement with a premier Tier 1 (CV3 design win with Continental AG) in addition to the early shipments of CV5 products (one quarter earlier than anticipated) leave them even more optimistic for the long-awaited annual update to their Automotive funnel during Q3 earnings.

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