Now we expect to be able to share more about some of these customers' engagements by the end of the year. The superior performance and efficiency as well as the scalability of our SoC roadmap were clearly recognized and well received, leading to many follow-on development discussions.
#Insta 360 app full
Just 1 month after the SoC came out of the fab, we demonstrated full functionality across multiple live cameras to many global automotive OEMs and Tier 1s. As a reminder, CV3 is our first central domain controller integrating in a single monolithic die all of Ambarella's core competencies, including perception processing from cameras, radars, sensor fusion, and path planning as well as our functional safety and application software. In July, we commenced a global roadshow to leading automotive Tier 1s and OEMs with a live demonstration of our CV3 SoC. In Q2, we absorbed the worst from both the China lockdown and the 14-nanometer shortage, and the incomplete kits remain a bottleneck for many of our customers.Ĭollectively, we should see some improvements from these factors in the second half, but our recovery outlook is tempered as some customers are now reducing their inventory levels, in particular, a lead time contract. And we remain on track to achieve our prior estimate that CV will represent about 45% of our total revenue for the year. We have cumulatively shipped more than 10 million CV SoCs, including more than 20% into the automotive market.
Revenue was down 10% sequentially, and up 2% versus the year-ago quarter.ĬV revenue increased significantly on a year-over-year basis, driving our blended average selling price above $10. Fermi Wang - President and Chief Executive Officer
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