Ambarella Posts Q2 Beat, But Shares Plunge 20% on Disappointing Guidance 
<p><a href='https://financialmodelingprep.com/financial-summary/AMBA'>Ambarella (NASDAQ:AMBA)</a> shares experienced a pre-market drop exceeding 20% today following the release of its Q2 financial results. </p>
<p>Despite Q2 earnings per share (EPS) of ($0.15) and revenue amounting to $62.1 million, which exceeded predicted consensus figures of ($0.21) and $62.02 million, respectively, the provided Q3 guidance fell short of expectations. </p>
<p>For the upcoming Q3/24, Ambarella anticipates revenue of around $50 million, with a variance of 4% in either direction, contrasting with the projected consensus of $67.6 million.</p>

NASDAQ:AMBA