Ambarella Closes at $64.58 Amid Report of Exclusive Takeover Talks
Key Facts
Ambarella closed at $64.58 per share on October 29, according to EL7 data, as a report said the company had entered exclusive talks with a single bidder over an acquisition. The available account is based on a headline published by Seeking Alpha; the full report was not available to verify details of the talks. No verified information is available about the bidder’s identity, the offer’s value or its terms. It has also not been confirmed that the board evaluated multiple offers or that a formal offer had reached an advanced stage. The reported talks remain a possibility that may not result in a deal, as Reuters reported previously in coverage of talks involving the company. (f1, T02)
The stock closed at $64.58 on October 29, down from $67.12 on October 27, according to EL7 data. The comparison covers two daily closes and does not identify the cause of the move over that period. Earlier reports linked Ambarella to possible interest from NVIDIA, but the coverage found described that as unconfirmed market talk. There is no reliable confirmation that NVIDIA is the bidder or a party to the exclusive talks. The closing prices alone also do not establish a link between the stock’s decline and the takeover reports. (f2)
The reports of talks come as Ambarella’s results showed revenue growth in the first half of its fiscal 2027. The company posted revenue of $208.5 million for the six months ended July 31, 2026, up 14.9% from $181.4 million in the year-earlier period, according to its filing with the U.S. Securities and Exchange Commission. Second-quarter revenue alone was $108.1 million, up 13.2% from $95.5 million in the year-earlier quarter. These figures show the revenue trajectory the company reported before the latest takeover reports. They do not, on their own, reveal the motives of any potential bidder or its valuation of the company. (f3, T04)
In the second quarter of fiscal 2027, Ambarella’s net loss under U.S. generally accepted accounting principles narrowed to $6.7 million, compared with a loss of $20.0 million in the same quarter of the previous fiscal year. The company said third-quarter revenue, for the period ended October 31, 2026, was expected to range from $115.0 million to $124.0 million. The forecast places the next quarter in the context of the company’s results, without Ambarella linking it to the reported talks. The available report contained no details on offer terms or a timetable for sale negotiations. (f4, f5)
Ambarella had announced X7, which it described as its first standalone AI accelerator, designed to work with Arm and x86 processors. The company said product samples were available and original equipment manufacturers were developing designs that use it. It added that its cumulative product base had surpassed 50 million AI SoC chips, with applications including site security, vehicle safety and robotics. These products provide background on the company’s computer vision and AI processor business. As for the talks, no further verified details or company announcement were included in the information provided. (T03, T05)