Why Ambarella Stock Rocketed 17% Higher Today

Edge semiconductor designer Ambarella (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. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool