AMBQ · Ambiq Micro, Inc.

Ambiq Micro reported strong first quarter 2026 results, with net sales of $25.1 million exceeding guidance and increasing 59.3% year-over-year, driven by accelerating demand for edge AI solutions and expanding customer adoption. The company highlighted that more than 80% of units shipped ran AI algorithms, and upgrades to higher-value Apollo platforms contributed to revenue growth. GAAP gross margin was 43.5%, down from 53.3% in the prior year, but non-GAAP gross margin improved to 46.2% from 45.5% sequentially, reflecting optimized manufacturing efficiencies that helped offset industry-wide cost pressures. Operating expenses increased 31.8% year-over-year to $22.6 million on a GAAP basis, driven by investments in R&D and sales. Net loss widened to $10.2 million from $8.3 million a year ago, but non-GAAP net loss improved slightly to $5.0 million from $5.2 million. Customer diversification improved, with top three customers accounting for 71% of sales versus 86% a year ago. Management expressed confidence in durable top-line growth and margin expansion, citing technology leadership and a robust product roadmap. For the second quarter, Ambiq guided net sales of $31-32 million, non-GAAP gross margin of 45-46%, and non-GAAP net loss per share of ($0.29) to ($0.23). The company also announced a breakthrough 12nm SPOT platform enabling operation down to 300mV, and a multi-year Singapore-based R&D program supported by the Economic Development Board.