Ambarella reaffirms Q3 revenue view of $50M plus or minus 4%, consensus $50.02M

In addition to the anticipated management change, Ambarella also announced it is reaffirming its previously provided guidance for the third quarter of fiscal year 2024 of revenue of $50 million plus or minus 4%, gross margin on a non-GAAP basis of 62% to 64% and operating expenses on a non-GAAP basis of $46 million to $49 million. The company plans to report its financial results for the third fiscal quarter, ending October 31, 2023, on November 30, 2023.