Ambarella (NASDAQ:AMBA) shares fell more than 13% after-hours following the company’s reported Q2 results. While Q2 EPS of ($0.15) and revenue of $62.1 million (down 23% year-over-year) came in better than the consensus estimates of ($0.21) and $62.02M, respectively, Q3 guidance missed expectations.
For Q3/24, the company expects revenue of $50M plus or minus 4%, compared to the consensus estimate of $67.6M.