Is Ambarella (AMBA) One of the Best EV Stocks to Buy Now?

Ambarella Inc. (NASDAQ:AMBA) is one of the best EV stocks to buy according to analysts. On February 26, Ambarella announced earnings for FQ4 2026. Annual revenue for FY2026 reached a record $390.7 million, which marked a 37.2% increase from FY2025. For FQ4, revenue grew 20.1% year-over-year to $100.9 million. While the company reported a GAAP net loss of $75.9 million for the full year, its non-GAAP performance showed a shift to profitability with a net profit of $26.9 million, compared to a non-GAAP net loss of $6.8 million in FY2025.

Edge AI SoCs accounted for 80% of total revenue, supported by a portfolio of 12 AI SoCs and over 370 unique customer projects in production. Ambarella Inc. (NASDAQ:AMBA) reached ~$1 billion in cumulative edge AI revenue and is expanding its business model to include semi-custom/custom ASICs and an indirect sales channel.

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For FQ1 2027, Ambarella expects revenue to be between $97 million and $103 million. Non-GAAP gross margin is projected to fall between 59% and 60.5%, with non-GAAP operating expenses estimated between $55 million and $58 million. Looking further ahead, management anticipates total revenue growth of 10% to 15% for FY2027 as they continue to utilize their deep learning AI accelerator across various physical AI applications.

Ambarella Inc. (NASDAQ:AMBA) develops semiconductor solutions that enable AI processing, advanced image signal processing, and HD and ultra-HD compression.

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