Business Wire·Nov 10, 2026, 7:30 AM ET

Ambiq Reports Third Quarter 2026 Financial Results

Ambiq Micro reported third quarter 2026 net sales of $38.1 million, a 110% increase year-over-year driven by broad demand.
GAAP gross profit rose 132% year-over-year to $17.8 million, while non-GAAP gross profit increased 128% to $18.6 million.
Gross margins expanded by 440 basis points for GAAP and 390 basis points for non-GAAP compared to the same period last year.
The active customer base grew approximately 50% year-over-year, with seven customers generating over $1 million in quarterly sales versus three previously.
Ambiq launched heliaPROFILER™ and heliaAOT™ 1.0, marking the seventh AI software product release in 2026 to support the HELIA AI ecosystem.
The company expects fourth quarter 2026 net sales between $43.5 million and $44.5 million due to accelerating edge AI demand.
Non-GAAP operating expenses for the fourth quarter are projected to be between $25.5 million and $26.5 million to cover tape-out costs for Atomiq110 and Apollo340.
Cash and cash equivalents increased significantly to $363.5 million as of September 30, 2026, up from $140.3 million in December 2025.
Non-GAAP net loss for the quarter narrowed to $1.2 million, compared to a $3.9 million loss in the prior year period.
Ambiq highlighted continued sequential net sales growth for six consecutive quarters supported by healthy customer demand and supply chain partnerships.