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.
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Source Fool.com
Ambarella Inc. Stock
€74.38
-1.220%
The stock is one of the favorites of our community with 21 Buy predictions and 1 Sell predictions.
As a result the target price of 85 € shows a slightly positive potential of 14.28% compared to the current price of 74.38 € for Ambarella Inc..
