Ambarish received the Young Career Award in Nano Science and Technology for 2017 from DST Nanomission, India. The Council of Scientific and Industrial Research, the apex agency of the Government of India for scientific research, awarded him the Shanti Swarup Bhatnagar Prize for Science and Technology for his contributions to physical sciences in 2018. He received the Prof. Ramakrishna Rao Chair Professorship from 2017–2020. He was elected as Fellow of INAE (Indian National Academy of Engineering) in 2020, Fellow of Indian Academy of Sciences (IAS) in 2023, received P. K. Iyengar Memorial Award for Excellence in Experimental Physics 2022, and the Lam Research Unlock Idea Award in 2022.