Ambarella outlines $105M-$111M Q2 revenue while Hanwha agreement targets $800M+ over 10+ years
Ambarella has projected its second-quarter revenue to be between $105 million and $111 million, with an expected gross margin of 62-64% on a non-GAAP basis. The company also announced a significant long-term agreement with Hanwha Vision, anticipating over $800 million in revenue from this partnership over the next decade, focusing on AI-based IP cameras. This collaboration highlights Ambarella's strategy to expand its reach in the AI vision market, leveraging its CVflow SoCs.
https://www.msn.com/en-us/money/companies/ambarella-outlines-105m-111m-q2-revenue-while-hanwha-agreement-targets-800m-over-10-years/ar-AA24jGGp