Ambarella Analysts Increase Their Forecasts After Upbeat Q2 Results
1. AMBA exceeded Q2 earnings estimates with 15 cents per share profit. 2. Quarterly sales reached $95.511 million, surpassing expectations of $90.010 million. 3. Strong growth in edge AI market expected to drive future sales. 4. Q3 sales forecast set between $100 million and $108 million, exceeding estimates. 5. Analysts raised price targets, reflecting positive sentiment on AMBA's growth.