Ambarella Inc. (NASDAQ:AMBA) is one of the best tech stocks to buy for the next 5 years.
On May 28, Ambarella announced its financial results for FQ1 2027, reporting revenue of $100.4 million, a 16.9% increase year-over-year
The company achieved a non-GAAP net profit of $5.0 million, or $0.11 per diluted share, marking an improvement over the $3.0 million profit reported in the same period last year. Automotive revenue reached a record high, driven by the increasing adoption of AI in commercial vehicles. While GAAP gross margin was 58.4%, the company maintains a strong liquidity position with $277.8 million in cash and marketable securities.
Looking ahead to FQ2 2027, Ambarella projects revenue between $105.0 million and $111.0 million. Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab.