Ambarella CFO says there is ‘opportunity for sequential growth’ in Q1 of 2025

CFO Brian White stated: “So as we give guidance for Q3, Q3 is covered with backlog. And as we look forward into Q4, you asked about kind of whether that’s flat or up or down. In the prepared remarks, we talked about an expectation that our range of revenue in fiscal Q4 will likely remain in a similar range as Q3. And again, that’s based on additional clarity that we’ve obtained as we’ve moved through this cyclical correction. Certainly, we’re much farther through that correction at this point. We’ve seen some new information. We’ve incorporated that into our current outlooks. We think it’s — we think we have greater confidence in able to — in our ability to get our heads around how this is shaping up at this point. We think that there is an opportunity for sequential revenue growth as we move into our fiscal Q1 for ’25. But that’s what we see at this point in time.” Comments taken from Q2 earnings conference call Q/A.