Ambiq Micro (NYSE:AMBQ) Issues Earnings Results

Ambiq Micro (NYSE:AMBQ) announced its earnings results on Tuesday. The company reported ($0.07) earnings per share (EPS) for the quarter, FiscalAI reports. Ambiq Micro had a negative return on equity of 45.10% and a negative net margin of 46.86%.The business had revenue of $33.90 million for the quarter. Ambiq Micro updated its Q3 2026 guidance to -0.200–0.120 EPS.

Here are the key takeaways from Ambiq Micro’s conference call:

• Second-quarter sales reached $33.9 million, up 89.7% year over year and ahead of guidance, while non-GAAP gross profit more than doubled and gross margin improved to 47.2%.
• Management raised its full-year 2026 sales outlook to approximately $135 million and expects third-quarter revenue of $36 million-$37 million, supported by accelerating edge-AI demand and continued customer product ramps.
• Demand is exceeding available capacity across wafers, packaging, substrates, and testing, constraining second-half revenue; management is seeking additional foundry and OSAT capacity, with some demand deferred until supply improves.
• Ambiq reported strong momentum for new Apollo3 Blue Plus and Apollo510 Lite products, broader adoption in medical, industrial, and smart-home markets, and continued development of Atomiq 110 and Apollo 340, targeted for customer sampling in early 2027.
• The company ended the quarter with $366.8 million in cash and no debt after raising roughly $168 million in its latest offering, but it plans to continue investing heavily in product development, including $7 million-$10 million of 2026 IP purchases, and did not provide a timeline for profitability or cash-flow breakeven.

Ambiq Micro Stock Up 1.9%

Shares of AMBQ traded up $1.21 during mid-day trading on Wednesday, hitting $66.50. The company had a trading volume of 225,221 shares, compared to its average volume of 511,099. The business’s 50-day simple moving average is $77.24 and its 200-day simple moving average is $52.25. Ambiq Micro has a 1-year low of $22.12 and a 1-year high of $91.61. The stock has a market cap of $1.42 billion and a PE ratio of -3.21.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. UBS Group set a $85.00 price objective on Ambiq Micro in a research report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Ambiq Micro in a research report on Monday, June 29th. Northland Securities set a $81.00 price target on Ambiq Micro in a report on Wednesday. Needham & Company LLC increased their price objective on Ambiq Micro from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Citigroup reiterated a “neutral” rating on shares of Ambiq Micro in a research report on Tuesday. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $76.00.

Key Headlines Impacting Ambiq Micro

Here are the key news stories impacting Ambiq Micro this week:

• Positive Sentiment: Ambiq reported a second-quarter loss of $0.07 per share, substantially better than analysts’ expected loss, while revenue reached $33.9 million. Revenue increased approximately 90% year over year, driven by demand for the company’s ultra-low-power semiconductor solutions used in Edge AI applications. Ambiq’s Q2 Earnings Surpass Estimates, Revenues Rise Year over Year
• Positive Sentiment: Management issued third-quarter revenue guidance of $36 million to $37 million, above the $34.1 million analyst consensus. The projected loss of $0.12 to $0.20 per share is also narrower than the consensus estimate of a $0.30 loss, supporting expectations for continued operational improvement. Ambiq Micro Stock Rises on Beat-and-Raise Report
• Positive Sentiment: Needham raised its price target from $70 to $85 and assigned a “Buy” rating, citing the company’s growth prospects. The revised target indicates analyst confidence that Edge AI demand can sustain Ambiq’s momentum.
• Negative Sentiment: Despite the earnings beat, Ambiq remains unprofitable, with a negative net margin of 46.86% and negative return on equity. The company’s ability to convert rapid revenue growth into consistent profitability remains an important risk for investors. Ambiq Reports Second-Quarter Loss and Tops Revenue Estimates

Insider Activity

In other news, CTO Scott Mclean Hanson sold 10,200 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $69.24, for a total transaction of $706,248.00. Following the completion of the sale, the chief technology officer directly owned 203,126 shares of the company’s stock, valued at $14,064,444.24. The trade was a 4.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy Chen sold 70,592 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $79.79, for a total value of $5,632,535.68. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 222,477 shares of company stock valued at $16,304,893 in the last ninety days. 10.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ambiq Micro

A number of institutional investors have recently added to or reduced their stakes in AMBQ. Rhumbline Advisers purchased a new position in shares of Ambiq Micro in the 3rd quarter worth about $119,000. JPMorgan Chase & Co. purchased a new stake in shares of Ambiq Micro during the 3rd quarter worth about $56,000. Vanguard Group Inc. acquired a new stake in Ambiq Micro during the 3rd quarter worth approximately $9,210,000. Franklin Resources Inc. purchased a new position in Ambiq Micro in the third quarter valued at approximately $358,000. Finally, BNP Paribas Financial Markets purchased a new position in Ambiq Micro in the third quarter valued at approximately $28,000.

About Ambiq Micro

Ambiq Micro (NYSE: AMBQ) is a semiconductor company specializing in the design and development of ultra-low-power microcontroller units (MCUs) and application-specific integrated circuits (ASICs). The company’s core technology leverages sub-threshold voltage operation to dramatically reduce energy consumption, enabling extended battery life in a broad range of portable and always-on devices. Ambiq’s products are particularly well suited for applications where power efficiency is critical, such as wearable electronics, IoT sensors, medical monitoring equipment, and industrial automation systems.

The company’s flagship product family, the Apollo series of MCUs, offers multi-core architectures, integrated wireless connectivity options, and advanced security features.