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Ambiq Reports Second Quarter 2026 Financial Results

AMBQ
  • Ambiq Micro reported second quarter 2026 net sales of $33.9 million, representing a 90% year-over-year increase driven by strong edge AI demand.
  • Gross profit more than doubled year-over-year, with GAAP gross profit rising 113% and non-GAAP gross profit rising 109% on margin expansion.
  • The company expects third quarter 2026 net sales to range between $36.0 million and $37.0 million, marking the sixth consecutive quarter of sequential growth.
  • Ambiq completed an upsized public offering in June 2026, raising approximately $168 million in net proceeds to enhance financial flexibility.
  • The company launched heliaCORE, compressionKIT, and heliaPROFILER to accelerate the deployment of energy-efficient AI models on its Apollo SoC families.
  • Ambiq expanded global capital markets access by announcing a dual listing on the Singapore Exchange Main Board under the ticker AMQ.
  • Management indicated industry-wide supply constraints but remains on pace to more than double net sales in the second half of 2026 compared to the prior year.
  • GAAP net loss for the quarter was $7.1 million, while non-GAAP net loss was $1.8 million, with cash and cash equivalents increasing to $366.8 million.
  • Non-GAAP operating expenses for the third quarter are projected to be between $24.0 million and $25.0 million to support product development and intellectual property investments.
  • Ambiq's non-GAAP gross margin for the third quarter is forecast to be between 46.5% and 47.5%, driven by favorable product mix and manufacturing efficiencies.