Liam Pharr's questions to AMBARELLA (AMBA) leadership • Q2 2026
Question
Liam Pharr from Bank of America asked for commentary on recent M&A rumors and industry consolidation, as well as the company's strategy if it remains independent. He also inquired about the sustainability of the current growth drivers in IoT and auto through 2026.
Answer
CEO Fermi Wang declined to comment on rumors but emphasized that Ambarella's leadership in Edge AI, with 36 million SoCs shipped, makes it a strategically important company. For growth sustainability, Wang stated the company is working to secure a major L2+/L3 automotive design win to drive future growth, while IoT is growing significantly now. VP Louis Gerhardy added that growth is broad-based across many Edge AI verticals, not just a few markets, including enterprise security, telematics, portable video, and robotics.