Ambarella delivered a solid QQ2 2025 performance anchored by continued strength in edge AI and the ramp of higher-ASP new product families. Revenue reached $63.7 million, rising 16.98% quarter over quarter and up 2.58% year over year, with IoT contributing the majority of the growth and automotive showing early ramp signals tied to the CV5 family. Management attributed a near-term inventory correction completion and improving visibility into the second half of fiscal 2025, supported by a growing pipeline of design wins across IoT and auto segments. Gross margins remained robust on a non-GAAP basis at 63.3%, while the company posted a non-GAAP net loss of $5.5 million ($0.13 per diluted share) as it continues to fund R&D and product campaigns. Ambarella reinforced its multi-wave new-product strategy (CV5, CV7, CV3-AD, plus N1 and 2nm plans) as the primary engine of revenue growth, with management guiding Q3 revenue of $77–$81 million and a non-GAAP gross margin of 62.5–64%. The company also signaled a path toward profitability as volumes scale and key automotive/IoT programs mature. Net cash remained strong, with cash and marketable securities totaling about $219.8 million mid-quarter and cash at period-end of roughly $153.9 million, producing a net cash position despite ongoing investment in AI-enabled edge capabilities.