Business Wire·May 12, 2026, 7:30 AM ET

Ambiq Reports First Quarter 2026 Financial Results

Ambiq Micro reported first quarter 2026 net sales of $25.06 million, a 59.3% year-over-year increase driven by expanding demand for edge AI solutions.
GAAP gross margin was 43.5% while non-GAAP gross margin reached 46.2%, reflecting improved manufacturing efficiencies.
More than 80% of units shipped in the quarter ran AI algorithms, with over 80% of revenue coming from higher-value Apollo platforms.
Customer diversification improved as the top three customers accounted for 71% of net sales, down from 86% in the first quarter of 2025.
Ambiq announced a 12nm SPOT platform enabling the upcoming Atomiq SoC to operate at 300mV, the lowest voltage in company history.
The company received the 2026 Embedded World Award for its heliaAOT AI compiler, marking its third consecutive year of recognition.
Ambiq launched a multi-year R&D program in Singapore supported by the Economic Development Board to accelerate edge AI innovation.
Second quarter 2026 net sales are forecast between $31.0 million and $32.0 million, with non-GAAP gross margins expected between 45.0% and 46.0%.
GAAP net loss for the quarter was $10.17 million, resulting in a loss per share of $0.50.
Non-GAAP net loss for the quarter was $5.05 million, a $171,000 improvement year-over-year.
Cash and cash equivalents increased to $204.5 million at March 31, 2026, compared to $140.3 million at the end of 2025.
Financing activities provided $79.4 million in cash, primarily from a follow-on offering of common stock.