Q4 2025 net sales of $20.7M, highest quarter of the year, up 2% YoY and 14.2% sequentially (CFO)
Q4 non-GAAP gross profit $9.4M, up 75.5% YoY; non-GAAP gross margin 45.5%, up ~20pp YoY and 70bp sequentially (CFO)
Full-year 2025 non-GAAP gross profit increased 32.1% on 4.7% lower net sales, achieving highest-ever annual gross profit (CFO)
Q4 non-GAAP R&D expense $9.3M, up 33% YoY and 34% sequentially (CFO)
Q4 non-GAAP SG&A expense $7.3M, up 19.7% YoY and 17.4% sequentially (CFO)
Q4 non-GAAP net loss attributable to common stockholders $5.9M, improved $1.7M YoY and $1.9M sequentially (CFO)
Non-GAAP net loss per share $0.32 (CFO)
Ended Q4 with no debt and $140.3M cash; follow-on offering in 2026 generated additional $76.8M (CFO)
More than 80% of units shipped in 2025 were running AI algorithms (CEO)
Mainland China customers represented 8.6% of Q4 net sales, down from 50% in 2024 (CFO)
New product launches in 2025: Apollo 510 Lite, Apollo 510B, Apollo 330; software: Helia AOT and Helia RT (CEO)
Announced Atomic family, first SPOT on FinFET process with TSMC, operating down to 300 millivolts (CEO)
Accelerating development: Apollo 340 and Atomic 120 development starting in 2026, alongside ongoing Atomic 110 (CEO)
Official Guidance (Q1 2026)
Net sales: $21M–$22M (CFO)
Non-GAAP gross margin: 44%–45% (CFO)
Non-GAAP operating expense: $18.0M–$18.5M, including ~$1.7M IP purchases (CFO)
Non-GAAP loss per share: $0.39–$0.33, based on 20.38M weighted average shares (CFO)
Full-year 2026 non-GAAP OpEx expected ~$30M higher than 2025, including $7M–$10M IP purchases (CFO)
Mgmt Quotes
"2025 was a strong year for Ambiq Micro, Inc., defined by disciplined execution and accelerating demand for edge AI across our end markets." (CEO)
"We are entering 2026 with strong momentum. Based on current demand indicators, we expect outsized top-line growth." (CEO)
"Our 2025 performance reflects the benefits of our strategic repositioning, which strengthened the quality of our revenue base and aligned the company with long-term growth opportunities." (CFO)
"We see a clear path to strong net sales growth in 2026 driven by new model launches, ramping of a scaled global customer, higher volumes from recent customer introductions, and continued adoption of Apollo 5." (CFO)
"With Apollo driving growth and margin expansion today, and Atomic positioned to contribute meaningfully beginning in 2028, we believe we have multiple growth drivers to support sustainable growth over time." (CFO)