Ambarella: New IP Camera Wins, Chip Supply Issues, And Shift To Automotive

•Published Mar 02, 2022 17:03 PM

Ambarella warned of "severe" chip supply issues in its recent investor call, while speaking optimistically about new surveillance product partnerships and its growing automotive business.

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In this report, IPVM examines Ambarella's Q4 FY2022 (C2021) investor call, including comments on:

New products using Ambarella SoC
2021 full year and Q4 2021 financials
Future growth
"Severe" 14nm supply issues
Comments on potential video surveillance impact
Q1 2021 outlook
Stock performance

Executive *******

***********'* ** ****** (*****) ******** ****, *** ******* ****** **** ***** are ****** ****** **** *** **** chip ****** ***** ***** *********** ****** video ************ *********, ********** ***** *** have *** ******** ** ***** ********. Revenue ****** *** ** **** ** expected ** ** ********* ******* ** these ******-**** ******.

******** *** ******* ********* *** ************ IP ****** ************ ************ *********, *******, *** ********* *-***,********* **** ** ******* ********** ** become * ****** ******* ** *** overall ******* ** *** ******.

New ************ ** ****** ************ - ********, *******, ********* *-***

********* ********* * ****** ** *** cameras ******** ** ** **** **** use *** *******'* ****, ********* ************ security ******* **** ******** *********, *******, and ********* *-***.

********'* ******* ********* ****:

******** ******** ********* ***** ********* ** this ******* **** ************* ********* **** the ************ ** *** *** ****** based ** *** **** ***. *** L6Q *** ********** **** ******* ****** at ** ** ** ***** *** hour *** ** ** ** **** away. ** *** ** ******* ** battery, ***** *****, ** **/ ** power *** *** ******* ** ******** darkness.

******* *** ********* *-***'* *** ******** also *** ********* ****:

******* ********** *** **** *** *** CD52 **** ******* ***** ** *** CV25 ***. ********* *-*** ******* ******** introduced *** *-*** ****, * ********* network ****** ***** ** *** **** SoC.

New **** ******** ****** ************ - *******, ********

*** ******* **** ******** *** ****** partnerships **** ******* *** ********:

** ***** **** ******, ******* ********** its ***** ***** ******** **** *******. Based ** *** ***, ** ******** 1080p ** *****, ******* ***** ***** vision, *** * ***** *:* ****** ratio **** ****** *** ** *** more ** **** ********.
******** ********** ** ******** ***, * WiFi-enabled ***** ******** **** * ******* 5MP ****** *** * ****** *** backup ******. ******** **** ***** ******** its ** *** *** ******, ***** provides ********* ******** ************ *** ** based ** *** **** ***.

2021 **** **** ******* ** **%, ** **** ******* ** **%

**** **** **** ******* **** **% to $***.* ******* ***, **** ******** camera ******* ********** *** **%, ********** revenue **%, *** "*****" (*.*. ******** goods, **** ** ****** *******, **/**, consumer ******) ** **%. ** ** least *** **** *** *****, *********'* security ****** ******* *** ********* *** ~60-65% ** ***** *******.

** **** ******* *** ** **% YoY ** $**.* *******. ********* ***** that ** ** ****, ******** ****** revenue ******** ***** **% ******** ** Q3 ****, *** ********* **** **** is ******* *********** *** "** *** a ********." ** *** ***** ****, automotive ******* ********* **+% ************.

Revenue **** ***** ******* **********

********* ******* ********** "** ** * key ****** ** ****** ** *** next ****." ******** ** ********* **** in ** ****, *** ******* ******* the ********** ******** ** ** **** "a ****** *** ************" ******* * number ** ******** **** *********** ***** initial *********.

******** ********* **** **** *** "******* mix ****** ***** ** **** [**********] direction" **** *** **** *** *****, it *** *** ************ *** **** the ******* *** **** **** ****.

********* ******* ** *** *** ******** automotive ************ ****** *** ****. ** Q4 ****,*********** ** **** ******** ******** *** (***)*** ******** *** (*** ***) ***** use ********* ****:

** ********* ** ******, ** ****** comprised ** *** *** *** *** R1T *** **,*** ******** **********, ***** Amazon *** ****** ** ******* ***** for ***,*** ** *** ****. **** R1S *** *** *** **** * camera ******** ***** ** *********'* ********* with ******** ********* *** **** ***** utilized *** ******'* ********* ******, ******+, Gear ***** *** ******-**********.

********* **** ********* *** *********** ****** ******, * ***** *** *******, ******* ******** *********** ** ********* **** *** ***** selling ** ******** ****.

Warns ** "******" **** ****** ******

********* ****** ** ****** ****** **** its **** **** ****** **** *******, which **** ***** * **** ** $5 ******* ** *** **** ******* in ** ****.

********* **** **** ******* *** *** explain *** ****** ******:

* ***** ***** ***, **** **'** seeing ** **** ** ***'* *** enough **********, *** ****’* *** **** reason ****** **, * ***'* **** to ********* ******* ******* ****'* **** us. *** * ***** **'* ****** clear ** **** ***** ******* **** they ****** *** **********, ** **** have ***** ****** **** ** *** not ******** ****, *** **** **** to ****** *** ********** ** ** in **.

*** **** ****** **** *** **** an ***** *** "**** **** ** months ***," ********* ****, ** *******'* Texas ******* *** ******** ********* ****** ******* ** ****.

******** ********* ****** *** **** ******** "severe," *** ******* ** ********* *** looking *** * ****** ****** ** produce *** *****, *** ** **** concerns:

**'* ***** ** ** * **** costly ******** ** ** **** ** consider ****** ******. ** ** **** point, * ***** ** ***** **** to ********** **** ******** ** ******* and *** ** **** *** *** catch-up **** ** **** ** ***'* face * **** ****** ********* ** the ******. *** ** *** **** time, * **** **** ******* ** working **** ** **** **** ** to ****** *** ******.

Ambarella ********: ****** ****** ** ***** ************

********* ********* ** **** **** **** surveillance ********* ***** **** ********** *** SoCs *** ** ******** ** *** Samsung ****** *****, *** ***** **** this ******** *** **** ********* ** accelerate ********* ***** **** **** ***** designs:

********* **** *** **** ******* ********** in **** ** *** ************ ****** SoCs, ** **** ** ***** ************ customers ***** ** ******** ** ****** issues. *** ** ** ******** ** the ****, *** ***** ****** ** fiscal ** ** ******** ** ** less **** $** ***** *** **** amount **** ******** **** **** **** are ***** ******** **** ***** *******. Our ****** **** *** ********** ** 10nm ******* ********** *** *** *** affected. ** **** ***** ********* *** now ****** ** ********** *** ****** introductions ***** *** *** ****** **** to ******* ******** ****** ******* **** used *** ***** **** ****.

Q1 **** ******* ********* *** ** ****** ***********

********* ********* ******* ** ** ********* in ** ****, ** *** ***** of $**.* ******* ** $**.* *******. While "****** ******* *****," ****** **** conditions *** "****** *******," ********* ****, pointing ** *********** **** *** **** chip ******. *******, **** ********* ********* are ************ ***-********* ******* ****** ***** issues *** *** ******** ** **** out ***** ****** ** ***** ***** they *** ******* *** ** *** components **** ****:

******, **** ** *** ********* **** experienced *********** ************* **** ***** ********* suppliers. ** * ******, **** ********* may ****** ** ***** *** *********. Other ********* *** ***** ********* ** our **** ** **** ***** * complete ***.

********* **** **** ** *** **** visibility **** ********* ****** ***** ***** customers **:

** ***** **** *** ****** **********, we **** *** *** * ****** visibility **** ****.

*** ******* **** ********* **** ***** overall **** *********:

*** **** *** ********* ** ** up, *** **** **** ** *** wafer ****, *********, *******, **** ********, all *** **** ** ***** **.

Ambarella ***** **** **+%

** ******** ** *********'* **** **** and ** **** ******** *** ******** outlook *** *** ***** ** **** and ****** ******, *********'* ***** *** down ~**% ***-*** ** ***** *, 2022, *** ***** **** *** ** trading ***** *** *******'* ******** ****.

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