Saturday 17 October 2026
Export AMBA’s income statement to Excel — free account
Ambarella, Inc.
AMBA Technology Semiconductor Equipment & Materials
Ambarella, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $390.7 million, up 37.2% from fiscal 2025. In the quarter to July 2026, revenue grew 13.2%, EPS grew 68.1% and free cash flow fell 612.1%, each against the same quarter a year earlier.
61.48
1.87
−2.95%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to January
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 40.06 | 30.00 | 33.88 | 36.02 | 82.59 | 49.02 | 43.59 | 39.69 | 38.86 | 48.30 |
Analyst estimates 2027–2029 Powerpack |
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| High | 65.39 | 66.23 | 67.15 | 96.80 | 227.59 | 220.14 | 99.86 | 81.32 | 96.69 | 96.36 | |||||
| People | |||||||||||||||
| People | Employees | 669 | 706 | 750 | 761 | 786 | 899 | 937 | 915 | 941 | 959 | ||||
| Revenue/emp, $m | 0.46 | 0.42 | 0.30 | 0.30 | 0.28 | 0.37 | 0.36 | 0.25 | 0.30 | 0.41 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 310 | 295 | 228 | 229 | 223 | 332 | 338 | 226 | 285 | 391 | ||||
| Gross margin, % | 66.07 | 63.55 | 60.65 | 58.02 | 60.80 | 62.72 | 61.89 | 60.41 | 60.50 | 59.19 | |||||
| EBT | 61 | 26 | (35) | (42) | (57) | (29) | (71) | (149) | (118) | (74) | |||||
| EBT margin, % | 19.62 | 8.71 | (15.17) | (18.20) | (25.70) | (8.63) | (21.01) | (65.58) | (41.33) | (18.86) | |||||
| Net income | 58 | 19 | (30) | (45) | (60) | (26) | (65) | (169) | (117) | (76) | |||||
| Depreciation | 2 | 5 | 7 | 11 | 13 | 15 | 19 | 24 | 25 | 25 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 9.50 | 8.89 | 6.96 | 6.91 | 6.43 | 9.07 | 8.80 | 5.68 | 6.90 | 9.15 | ||||
| Earnings | 1.77 | 0.57 | (0.93) | (1.35) | (1.72) | (0.72) | (1.70) | (4.25) | (2.84) | (1.78) | |||||
| Cash flow | 3.47 | 2.57 | 0.75 | 1.19 | 0.89 | 1.06 | 1.15 | 0.48 | 0.82 | 1.72 | |||||
| Capex | (0.08) | (0.11) | (0.09) | (0.05) | (0.14) | (0.26) | (0.39) | (0.30) | (0.25) | (0.36) | |||||
| Free cash flow | 3.39 | 2.46 | 0.66 | 1.14 | 0.75 | 0.80 | 0.76 | 0.18 | 0.57 | 1.36 | |||||
| Book value | 13.92 | 14.51 | 12.82 | 13.54 | 13.70 | 14.96 | 15.80 | 14.04 | 13.59 | 13.93 | |||||
| Shares, m | 33 | 33 | 33 | 33 | 35 | 37 | 38 | 40 | 41 | 43 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 28.03 | 88.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 5.22 | 5.67 | 5.46 | 8.55 | 16.35 | 15.45 | 10.21 | 9.26 | 11.12 | 6.87 | |||||
| P/B | 3.57 | 3.47 | 2.96 | 4.37 | 7.68 | 9.37 | 5.69 | 3.74 | 5.64 | 4.51 | |||||
| EV/Sales | 3.92 | 4.20 | 3.88 | 6.78 | 14.38 | 14.93 | 9.60 | 8.28 | 10.25 | 6.07 | |||||
| EV/FCF | 10.99 | 15.17 | 41.06 | 41.28 | 123.99 | 170.19 | 238.57 | (222.95) | 365.13 | 55.76 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 113 | 85 | 24 | 39 | 31 | 39 | 44 | 19 | 34 | 74 | ||||
| Capex | (3) | (4) | (3) | (2) | (5) | (10) | (15) | (12) | (10) | (16) | |||||
| Free cash flow | 111 | 82 | 22 | 38 | 26 | 29 | 29 | 7 | 23 | 58 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 414 | 440 | 371 | 398 | 423 | 177 | 221 | 197 | 200 | 232 | ||||
| Total debt | — | — | — | 10 | 10 | 12 | 9 | — | — | — | |||||
| Net debt | (405) | (435) | (359) | (405) | (441) | (171) | (207) | (220) | (250) | (313) | |||||
| Shareholders’ equity | 455 | 482 | 419 | 448 | 475 | 547 | 606 | 560 | 561 | 595 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 12.53 | 3.56 | (6.01) | (9.01) | (10.86) | (4.29) | (9.56) | (24.77) | (17.40) | (10.20) | ||||
| ROIC | 76.63 | 32.09 | (41.71) | (71.64) | (111.59) | (4.93) | (11.63) | (28.42) | (25.43) | (18.31) | |||||
| ROE | 14.38 | 4.02 | (6.75) | (10.33) | (12.95) | (5.17) | (11.34) | (29.06) | (20.89) | (13.12) | |||||
Negative figures in brackets.
Fiscal years to Jan 2026 · latest quarter Jul 2026
Charts ten years each
Ambarella, Inc. vs peers in Semiconductor Equipment & Materials (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ACMR ACM Research, Inc. | $4.1B | 23.6× | 36.3× | +36.01% (above 0%: growing) | +178.72% (above 0%: growing) | −19.43% (below 0%: shrinking) | 45.96% | 16.98% | Compare |
| AXTI AXT Inc | $3.8B | 1,716× | 379× | +164.77% (above 0%: growing) | n/m | +173.29% (above 0%: growing) | 44.90% | 21.90% | Compare |
| ACLS Axcelis Technologies, Inc. | $3.6B | 36.1× | 59.9× | +10.60% (above 0%: growing) | −23.23% (below 0%: shrinking) | −60.74% (below 0%: shrinking) | 42.38% | 9.43% | Compare |
| IPGP IPG Photonics Corporation | $3.1B | 108× | 82.3× | +11.11% (above 0%: growing) | −25.00% (below 0%: shrinking) | +200.46% (above 0%: growing) | 40.39% | 1.63% | Compare |
| AMBA Ambarella, Inc. | $2.8B | — (loss-making) | — (loss-making) | +13.21% (above 0%: growing) | n/m | −612.08% (below 0%: shrinking) | 57.73% | (7.53%) | |
| VECO Veeco Instruments Inc. | $2.8B | 113× | 57.6× | +16.48% (above 0%: growing) | −5.00% (below 0%: shrinking) | +776.15% (above 0%: growing) | 38.68% | 6.13% | Compare |
| COHU Cohu, Inc. | $2.6B | — (loss-making) | — (loss-making) | +38.37% (above 0%: growing) | n/m | −39.36% (below 0%: shrinking) | 45.36% | 0.20% | Compare |
| UCTT Ultra Clean Holdings, Inc. | $2.5B | — (loss-making) | 98.9× | +24.31% (above 0%: growing) | n/m | −558.40% (below 0%: shrinking) | 16.08% | 4.57% | Compare |
| AEHR Aehr Test Systems | $2.3B | — (loss-making) | — (loss-making) | +33.69% (above 0%: growing) | n/m | +133.16% (above 0%: growing) | 42.57% | (6.40%) | Compare |
| Median of peers | $3.0B | 108× | 71.1× | +29.00% | −14.11% | +56.87% | 42.48% | 5.35% |
Ambarella, Inc. (AMBA) key facts
- Concern: Ambarella, Inc. reported a net loss of $75.9 million, or a loss of $1.78 per share, for fiscal 2026.
- Strength: Ambarella, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $390.7 million, up 37.2% from fiscal 2025.
- Ambarella, Inc. (AMBA) is a Semiconductor Equipment & Materials company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, AMBA traded at $61.48, a market capitalization of $2.8 billion.
- Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 6.5× sales.
- Return on equity was −13.1% and debt-to-equity 0.00.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 7.97 (safe zone) for fiscal 2026.