Ambarella Inc (NASDAQ: AMBA) announced positive second-quarter results, surpassing expectations. Quarterly earnings were reported at 15 cents per share, exceeding the anticipated 5 cents per share. The company also revealed quarterly sales of $95.511 million, beating the predicted $90.010 million. Ambarella's outlook for the third quarter is also strong, with anticipated sales ranging from $100.000 million to $108.000 million, compared to the estimated $91.138 million by analysts. The company attributes this performance to the thriving edge AI market, showcasing a growing demand for unit applications, especially with their higher priced 5nm AI SoCs. Various AI video applications have progressed to production status, indicating a positive trend in the industry.