Ambarella Q1 FY2027 revenue rises 16.9% to $100.4M with non-GAAP profit of $5M, forecasts higher Q2 revenue.

Ambarella reported a 16.9% revenue increase to $100.4 million in Q1 FY2027, driven by strong demand in automotive AI. Despite a GAAP net loss of $18.1 million, the company posted a non-GAAP net profit of $5 million. Gross margins slightly declined, but the company expects Q2 revenue between $105 million and $111 million with stable margins. Ambarella is expanding its edge AI platform and announced a new $50 million share repurchase program to boost shareholder value.