Ambiq Micro (NYSE:AMBQ) Shares Gap Up After Strong Earnings

Ambiq Micro, Inc. (NYSE:AMBQ) shares gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $45.24, but opened at $49.34. Ambiq Micro shares last traded at $46.5420, with a volume of 47,606 shares changing hands.

The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.27. The company had revenue of $38.14 million for the quarter. Ambiq Micro had a negative net margin of 37.77% and a negative return on equity of 11.85%. Ambiq Micro has set its Q4 2026 guidance at -0.090–0.030 EPS.

Ambiq Micro News Summary

Here’s some of the latest news about AMBQ:

• Positive Sentiment: Third-quarter revenue rose 110% to $38.14 million, while the net loss narrowed. Ambiq reported a loss of $0.05 per share, better than the consensus estimate cited in the earnings report. Ambiq Micro’s Q3 Net Loss Narrows; Revenue Jumps
• Positive Sentiment: Fourth-quarter revenue guidance of $43.5 million to $44.5 million was above the approximately $39.6 million consensus, and the company projected about $140 million in 2026 net sales. Ambiq projects approximately $140M in 2026 net sales
• Negative Sentiment: Stifel lowered its price target from $85 to $70, and Needham cut its target from $85 to $65. Both firms kept Buy ratings, but the reductions may weigh on sentiment. Stifel Nicolaus recommendations Needham recommendations

Wall Street Analysts Forecast Growth

AMBQ has been the topic of several analyst reports. UBS Group decreased their price objective on Ambiq Micro from $73.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, November 2nd. Northland Securities set a $81.00 target price on Ambiq Micro in a report on Wednesday, August 12th. Needham & Company LLC reduced their price target on Ambiq Micro from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup reaffirmed a “neutral” rating on shares of Ambiq Micro in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group assumed coverage on Ambiq Micro in a research report on Wednesday, October 7th. They issued a “buy” rating and a $90.00 price objective for the company. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.71.

Insiders Place Their Bets

In other Ambiq Micro news, CTO Scott Hanson sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $51.00, for a total transaction of $357,000.00. Following the completion of the transaction, the chief technology officer owned 212,546 shares of the company’s stock, valued at $10,839,846. This represents a 3.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Fumihide Esaka sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $51.00, for a total value of $255,000.00. Following the completion of the sale, the chief executive officer owned 443,900 shares of the company’s stock, valued at approximately $22,638,900. This trade represents a 1.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 331,887 shares of company stock valued at $19,995,954 over the last three months. Company insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Ambiq Micro

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Atreides Management LP boosted its holdings in Ambiq Micro by 23.8% in the first quarter. Atreides Management LP now owns 862,175 shares of the company’s stock valued at $21,908,000 after acquiring an additional 165,755 shares in the last quarter. Wellington Management Group LLP bought a new position in Ambiq Micro in the 2nd quarter worth $14,847,000. Squarepoint Ops LLC lifted its position in shares of Ambiq Micro by 603.5% in the 2nd quarter. Squarepoint Ops LLC now owns 63,228 shares of the company’s stock worth $5,583,000 after purchasing an additional 54,240 shares during the period. Polar Asset Management Partners Inc. lifted its position in shares of Ambiq Micro by 671.8% in the 1st quarter. Polar Asset Management Partners Inc. now owns 201,335 shares of the company’s stock worth $5,116,000 after purchasing an additional 175,247 shares during the period. Finally, Roubaix Capital LLC purchased a new stake in shares of Ambiq Micro in the 1st quarter worth about $3,197,000.

Ambiq Micro Trading Up 4.3%

The business’s 50 day moving average price is $57.07 and its two-hundred day moving average price is $53.90. The stock has a market cap of $1.14 billion, a P/E ratio of -22.25 and a beta of 5.66.

About Ambiq Micro

Ambiq Micro is a semiconductor company that develops ultra-low-power systems-on-chip and related technology for battery-powered devices. Its products are designed to help devices process data while using less energy, supporting applications that require extended battery life. The company’s offerings include Apollo microcontroller and system-on-chip products, along with software and development tools. Ambiq’s Subthreshold Power Optimized Technology (SPOT) is designed to reduce power consumption, including in devices that run artificial intelligence workloads at the edge.