Current guided Q2 revenue slightly below that breakeven level.
Mgmt stance: Neutral — profitability target pulled from mid-2028 to early 2028 or H2 2027, contingent on investments in 110 and 340 products accelerating revenue.
Q2 — Tore Svanberg
Topic: Non-wearable use cases driving growth and new customer revenue potential
Key points:
Fastest non-wearable medical market: ECD glucose monitoring; other uses: bike computing, smart pen, battery monitors, remote controls, livestock tracking.
New customer introduced this quarter is not among the top 3; there is some possibility it will exceed 10% of revenues this year.
Mgmt stance: Bullish — broad AI adoption outside wearables driving excitement; open to new customer becoming material.
Q3 — Quinn Bolton
Topic: Full-year growth outlook, gross margin dynamics, and supply constraints
Key points:
Full-year growth: H2 2026 YoY growth expected similar to H1 (~68% over H1 2025), implying ~65% growth in H2.
Gross margin: flattish half-over-half, plus/minus 1 point; yield improvements on Apollo 5 offset by industry-wide substrate and piece-part cost increases.
Expedite costs shared with customers; ASP uplift strategic to remain competitive.
Supply: strong TSMC/OSAT partnerships, but some short-lead-time demand cannot be met.
Mgmt stance: Neutral — margin flat due to external cost pressures; confident in supply for normal lead times.
Q4 — Tore Svanberg
Topic: Compression Kit exclusivity and Apollo 340 revenue timeline
Key points:
Compression Kit initially restricted to Ambiq products; long-term possible pairing with others.
Apollo 340: sampling in H1 2027, initial customer ramps end of 2027, meaningful revenue in 2028.
Mgmt stance: Bullish — Apollo 340 expected to diversify customer base significantly.
Q5 — Liam Pharr
Topic: Growth drivers (unit vs. ASP) and pricing strategy
Key points:
Q1 revenue 56% above same quarter last year; growth predominantly from unit shipments.
Apollo 5 ramp contributing more each quarter, providing ASP uplift.
Pricing strategy: each generation targets 1.5x–2x content uplift; Apollo 5 and Atomic platforms expected to see higher value proposition and better pricing.
Mgmt stance: Bullish — strong demand environment supports maximizing ASPs across customers and markets.