In addition to product advancements, Ambarella?s financial performance has shown notable growth despite challenges from escalating costs. In the third quarter of 2024, corporate customers of Ambarella reported a 6. 34% increase in the cost of revenue year-over-year, with a sequential rise of 11.87%. In contrast, Ambarella Inc. itself enjoyed a substantial revenue increase of 64.15% year-over-year and 30.77% compared to the previous quarter.