Why Ambarella Stock Rocketed 17% Higher Today
Edge semiconductor designer (NASDAQ: AMBA) barreled into the weekend on a high note, following its release of a fresh set of quarterly results. On a convincing double beat, the company's stock was justifiably popular, with investors sending its price just about 17% higher in Friday's trading session.
For the second quarter of its fiscal 2026, Ambarella collected $95.5 million in revenue, improving that line item by almost 50% year over year. The company's non-GAAP (adjusted) net income didn't rise that dramatically, but it did see a robust increase of 16% to $6.4 million, shaking out to $0.15 per share.
Image source: Getty Images.
Source Fool.com
Ambarella Inc. Stock
€58.82
2.250%
With 17 Buy predictions and not the single Sell prediction the community is currently very high on Ambarella Inc..
With a target price of 85 € there is a positive potential of 44.51% for Ambarella Inc. compared to the current price of 58.82 €.
