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AMBARELLA.COM COPYRIGHT AMBARELLA 2026 4nm AMBARELLA.COM COPYRIGHT AMBARELLA 2026 January 13th and 14th 2026 28th Annual Needham Growth Conference Fermi Wang, CEO John Young, CFO Louis Gerhardy, VP Corporate Development AMBARELLA.COM COPYRIGHT AMBARELLA 2026 Lotte New York Palace
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026AMBARELLA.COM COPYRIGHT AMBARELLA 2026 This presentation contains forward-looking statements that are subject to many risks and uncertainties. All statements made in this presentation other than statements of historical facts are forward-looking statements, including, without limitation, statements regarding Ambarella’s strategy, future operations, financial targets, future revenues, projected costs, prospects, plans and objectives for future operations, future product introductions, future rate of our revenue growth, the size of markets addressed by the company's solutions and the growth rate of those markets, technology trends, our ability to address market and customer demands and to timely develop new or enhanced solutions to meet those demands, our ability to achieve design wins, our ability to build and deliver products to customers, and our ability to retain and expand our customer and partner relationships. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "could," "would," "expects," "plans," "anticipates," "believes," "estimates," "projects," "predicts," "potential," or the negative of those terms, and similar expressions and comparable terminology intended to identify forward- looking statements. We have based forward-looking statements largely on our estimates of our financial results and our current expectations and projections about future events, markets and financial trends that we believe may affect our financial condition, results of operations, business strategy, short term and long-term business operations and objectives, and financial needs as of the date of this presentation. Although these forward-looking statements are based upon information available at the time the statements are made and reflect management’s good faith beliefs, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from anticipated future results. Important factors that could cause actual results to differ materially from expectations are disclosed in Ambarella's annual reports on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), particularly in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” You should not place undue reliance on forward-looking statements, which speak only as of the date on which they are made. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this presentation may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Before you invest, you should read the annual and quarterly reports and other documents Ambarella has filed with the SEC for more complete information about the company and its ordinary shares. Additional information will also be set forth in Ambarella's future quarterly and annual reports and other filings made with the SEC from time to time. You may access these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Forward-Looking Statements 2
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026AMBARELLA.COM COPYRIGHT AMBARELLA 2026 Ambarella Edge AI Market Leadership ~40M Edge AI SoCs Shipped 400M SoCs Shipped (Cumulatively) $1.3B Invested in AI R&D (Cumulatively over the last decade) 2026 Small-Cap Companies America’s Most Successful N1 Edge GenAI SoC Family >370 Unique AI Customer Projects in Production (Cumulative) >200 Unique AI Model Architectures ported 3
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026 Evolution of AI (1998 – Present) 4 AMBARELLA Founded 2004 EdgeBox/Appliance Physical EdgeServer Edge AI IoTEndpoints Multi-sensor, Multi-modality, Central AI Processor 3rd Gen CVflow® 2nm, 4nm, 5nm (CV7x, CV3-AD, N1) Human Viewing Video Processors (A1, A3, A5S, S2, H1) 2nd Gen CVflow® 10nm, 5nm (CV2x, CV5x) Edge AI CNN Networks Automotive (ADAS) Ambarella’s Edge Entering the Golden Age of AI Early conviction and sustained innovation position Ambarella to lead the next era of edge intelligence 1998 CNN 2004 Picture sharing on Internet 2012 AlexNet 2017 Transformer 2020 GPT-3 2022 ChatGPT 2023 GPT-4V 2026 o1 2025 DeepSeek-R1 2006 2018 2022 2025 DeepSeek Live Demo on Ambarella SoCs ISC West 2025
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026 5 Santa Clara, CA Company HQ Detroit Parma VisLab Shanghai Seoul Tokyo Hsinchu Shenzhen Dayton Munich HEADCOUNT 955 2004 Ambarella founded 2012 IPO, NASDAQ: AMBA 2021 Acquisition of 2015 Acquisition of 2025 >39M AI SoCs shipped cumulatively Ambarella Overview Advanced edge deep learning AI inference hardware and software A1 Antigravity - AI enabled 8K 360 degree viewing Founded on the premise that video is a unique type of data requiring an optimized SoC architecture • Ambarella’s deep neural network AI inference processor integrated with a state - of- the-art video & radar perception yields highly optimized domain controller SoCs • VisLab, a pioneer in CV and autonomous driving software, acquired in 2015 • Oculii, a pioneer in high -definition radar perception technology, acquired in 2021 World-class engineering team • ~530 software, algorithm and image processing engineers globally • 2nm in development, 5nm ~45% revenue, 10nm ~35% of revenue • >15yrs of strong VLSI execution with step “A” silicon into production Advanced AI networks, including GenAI, are enabled with our 3 rd generation products (some shipping today) and expected to be a key growth driver • Low-power and high-performance edge AI SoCs • Scalable family allows SW to be reused across a customer’s portfolio Significant R&D investment funded by operations and strong balance sheet • >$1.3 billion cumulative R&D investment into AI technology and products • $295 million net cash; no debt; 16 consecutive years of positive free cash flow Edge AI revenue contribution begins Edge AI R&D investment begins F2026 is estimate based on mid -point of guidance 5
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026 Edge AI 5-Year Revenue CAGR 64% AI growth offset major (geopolitical) revenue loss from 3 major customers commencing FY20 +12% as reported total revenue CAGR (AI +64%)* +18% total revenue CAGR (AI +71%) excluding FY20 entity list impact $- $100 $200 $300 $400 FY20/ CY19 FY21/ CY20 FY22/ CY21 FY23/ CY22 FY24/ CY23 FY25/ CY24 FY26/ CY25 1) 5-Year CAGR FY2021→FY2026 2) *F2026e is based on midpoint of Ambarella’s F2026 revenue guidance range estimating +36% to +38% revenue growth in fiscal 2026 3) October 2019 (FY20) Entity List negative revenue impact (depicts revenue decline fromDahua, DJI & Hikvision) $390M ~80%$285M $226M $338M$332M $223M$229M Video ProcessorsAI 6
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026AMBARELLA.COM COPYRIGHT AMBARELLA 2026 Edge AI Demands a Fundamentally Unique Processing Architecture Similar to the AI datacenter, edge AI workloads are shifting from traditional serial to parallel AI processing realms, but the unique requirements at the edge demand a fundamentally different AI SoC architecture Edge AI enables: • Privacy and security • Realtime processing • Reduce network bandwidth requirement • Low power consumption • Synergies between cloud and edge AI processing – AI processing throughout the network hierarchy 7
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026AMBARELLA.COM COPYRIGHT AMBARELLA 2024 Ambarella’s “AI Algorithm First” Differentiated approach enables superior efficiency and scalability “AI Algorithm First” Approach Programmable AI Platform with Optimized Acceleration Image Processing & Compression CVflow® - Superior AI Performance Per Watt AI based UHD Video and 4D HD Radar CVflow - Deep Neural Network AI processor GenAI VLMs on the Edge AI based Autonomous Driving Stack Autonomous Driving Adaptive Radar Processing Superior Human Viewing Image Quality AI-based Computer Vision & Radar Processing 8
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026 9 CV3-AD family of central domain controllers Feb 2021P ¼ of CV22 AI Jul 2019P ½ of CV22 AI Dec 2018P Baseline (CVflow DNN AI) Apr 2021P Aug 2019P 4x CV22 AI Apr 2021P 2x CV22 AI 2022P 3.5x CV22 AI ✓ 5nm Samsung “New Products” ✓ 20xx = Calendar Year P = Production S = Sample 2026P ~6x CV22 AI ✓ 2026 ~13x CV22 AI ✓ 2026S ~27x CV22 AI ✓ 2023S ~80x CV22 AI ✓ 2022S ~150x CV22 AI ✓ 2026P ~1.5x CV22 AI ✓ C2025S ~27x CV22 AI ✓ 2nm Samsung 5nm Samsung10nm Samsung New 2nm SoC AI Inference SoCs 3rd generation; AI (e.g., Transformer and CNN AI networks) Video Processors (e.g., Human Viewing) 2nd generation; AI (e.g., CNN AI networks) More than 40 Million AI SoCs Shipped Cumulatively ASP double digits to triple digits ASP range $10 to $75 ASP range single digits Our ASP is Rising with New Generations of our AI SoCs Opportunity & Strategy by Market 2026S ~8x CV22 AI ✓ 4nm Samsung Broad Edge AI SoC Portfolio Continues to Expand New
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026AMBARELLA.COM COPYRIGHT AMBARELLA 2026 Our Platform of Edge AI SoCs and SW Provide Customers with a High Degree of Programmability and Flexibility Systems Edge Endpoints Edge Infrastructure Portable Video Auto Drones Silicon Video Processors 2nd Gen Edge AI SoCs 3rd Gen Edge AI SoCs L2+ Passenger Vehicles Enterprise / Public Security Robotics Perception Module Enterprise Video-Conferencing Crowdsourcing 360◦ 8K camera Scalable platform with minimal incremental investment to address new markets Market Platform Software Application Software AI ISP AI Libraries Robotics Cooper Developer Platform Cooper SDK Customer #1 SW Opensource AI Toolchain L2+ to L4 SW Customer #2 SW Customer #3 SW Security Telematics Edge InfraCustomer #n SW Ambarella developed Customer developed Customer #4 SW Customer #5 SW Drone 10
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026 AMBARELLA.COM COPYRIGHT AMBARELLA 2026 Ambarella’s Market Sizing (SAM) • Edge AI SAM $5.5B→$12.9B (F2026 to F2031); ~18% CAGR • Estimate 5-year revenue CAGR to exceed SAM CAGR • Ambarella’s edge AI SAM • IoT (8+ applications) 1. Edge endpoints (most of IoT revenue today) 2. Edge infrastructure • Auto (9+ applications) 1. Safety/ADAS (most of Auto revenue today) 2. Autonomy (CV3 -AD platform) • Long-term non-GAAP gross margin model 59% to 62% • Intend to drive positive operating leverage with long-term revenue growth exceeding long-term operating expense growth 11
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026 IoT Applications ~70% F2025 Revenue Sub-segments: Edge Endpoints and Edge Infrastructure ENTERPRISE SECURITY HOME SECURITY PORTABLE VIDEO OTHER ROBOTICS DEVELOPER AI WORKSTATIONS AI VISION BOX ON-PREMISE AI SERVERS CV2 / CV5 / CV7 N Family Edge Endpoint Edge Infrastructure • Our IoT SAM is now dominated by AI and our estimated IoT SAM is $2.5 billion in F2026 and an estimated $5.7 billion in F2031. IoT endpoints currently represent a vast majority of our revenue • Expanding breadth of AI applications. Edge AI originated in enterprise security markets, then public and smart home applicat ions, automotive safety and telematics, and has now expanded to multiple portable video applications, with multiple robotic, edge infrastructure and other “green shoot applications” on the horizon • The 3rd generation AI accelerator embedded in our new SoCs enables advanced AI reasoning and vision AI applications supporting leading GenAI models ranging from 500 million to 34 billion parameters • Our scalable technology enables us to now extend our reach into the edge infrastructure market 12
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026 Auto Applications ~30% of F2025 Revenue Sub segments: Safety/Telematics and Autonomy DRIVE RECORDER E-MIRROR SURROUND IN-CABIN (DMS/OMS) FORWARD ADAS L2+/L3 CENTRAL DOMAIN CONTROLLER L4/L5 L2+/L3 SW L4/L5 SW 4D Radar SW CV2/CV5/CV7 Series Safety/Telematics/ADAS Autonomy • Our auto SAM is now dominated by AI and our Auto SAM is an estimated $3.0 billion in F2026 and an estimated $7.2 billion in F 2031. Auto Safety/T elematics currently represents a majority of our automotive revenue • Many Auto Safety/Telematics applications now utilize AI inferencing technology, increasing the utility of drive recorders, e -mirrors, surround view, driver and occupant monitoring and forward ADAS. A combination of increasing market penetration and/or share gains are expected to be key factors in our anticipated Safety/Telematics growth • In Auto Autonomy our CV3-AD platform includes AI central domain controllers, L2+ to L4 SW stack IP and 4D Radar SW. Our platform is differentiated by our superior power efficiency, open platform, high performance (ability to support end -to-end AI and Birds- Eye View transformer for early fusion) and our scalable CV3 -AD SoC family CV3 Series 13
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026 Q4 (January 2026) F2026 Outlook and Q3 (October) F2026 Recap Data from Q3 F2026 earnings conference call on November 25, 2025 Q4 F2026 (January, 2026) Outlook • Our Q4 revenue guidance is $97.0M to $103.0M (consensus estimate ~$94.2M on November 24th); at $100.0M midpoint, IoT and Auto expected to be seasonally down in the mid to high single digits sequentially • For F2026, we expect total revenue growth in the 36% to 38% range (~$390M midpoint). Consensus estimate on November 24th was $379.6M • Q4 non-GAAP gross margin estimated to be 59.0% to 60.5% (consensus 60.7%) with non-GAAP operating expense $55.0M to $58.0M (consensus $55.8M) Q3 F2026 (October, 2025) Results • Revenue of $108.5M was above the high-end of our guidance range of $100.0M to $108.0M (consensus estimate ~$104.1M) • Non-GAAP gross margin was 60.8% versus the consensus estimate of 60.8% and non-GAAP operating expense was $55.3M (consensus $55.6M) • Non-GAAP earnings per share were $0.27 versus the consensus estimate for earnings per share of $0.21 • Year-to-date free-cash-flow is 14.8% of revenue Multi-year transformation underway; geopolitical risks remain elevated • AI is becoming pervasive, we are embedding it in all our new products and we have growing evidence of market acceptance • We see a variety of risks outstanding, including geopolitical and supply chain factors. These risks include*: • potential export regulations on advanced technologies • market share shifts between our customers • the evolution of new markets and rates of adoption of new technologies • supply chain issues such as long lead times, shortages of materials, components, electricity and manufacturing capacity, the sell-out from our customers own sales channels and adverse weather conditions • changes to government policies, for example tariffs and/or the Entity List • the risk customers in China continue to take actions to reduce their dependence on components they believe could be subject to new export controls, including the creation of dual China/non-China supply chains *Potential risk factors that could affect our financial results are more fully described in the documents that we file with the SEC, including annual reports on Form 10-K and quarterly reports on Form 10-Q. AMBARELLA.COM COPYRIGHT AMBARELLA 2026 1414
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026AMBARELLA.COM COPYRIGHT AMBARELLA 2024 Ambarella @CES 2026; From Agentic to Physical AI 31 product and technology demonstrations across a broadening range of edge AI applications • Ambarella demonstrated its expanding edge AI leadership at CES 2026 • The Cooper Development Platform is now an open ecosystem with a Developer Zone (includes a rapidly expanding Model Garden and Agentic support). Two independent SW developers demonstrated a wide variety of edge AI applications on N1-655, with channel partners and global system integrators anticipated • First 4nm AI SoC CV7 announced, demonstrated and sampled, anticipated to drive SAM growth and follow CV5 success • First 2nm AI SoC taped-out; the first semi-custom project and first GAA • New Go-to-Market with semi-custom/custom ASIC model • CES Product and Technology Briefing 15
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AMBARELLA.COM COPYRIGHT AMBARELLA 2026 www.ambarella.com AMABRELLA.COMCOPYRIGHT AMBARELLA 2026 Thank you! Louis Gerhardy VP, Corporate Development lgerhardy@ambarella.com