🔴 Ambarella is trading 5.6% down today in after-hours trading on weaker gross margins despite earnings beat

Ambarella is trading 5.57% down at $60.51 in after-hours trading after its September 3, 2026 fiscal second-quarter earnings release, as weaker non-GAAP gross margin overshadowed results above estimates.

• Revenue was $108.13 million and adjusted EPS was $0.18, both exceeding estimates; non-GAAP gross margin declined to 59.3%.
• Fiscal Q3 revenue guidance is $115.0 million to $124.0 million, with a $119.5 million midpoint; gross margin guidance is 59.0% to 60.0%.
• The broader market rose, suggesting the decline appears company-specific.