Ambiq Micro, Inc.

Ambiq Micro reported second-quarter 2026 non-GAAP loss of 7 cents per share, narrower than the Zacks Consensus Estimate of a loss of 26 cents and the year-ago loss of 43 cents per share. Net sales rose 89.7% year over year to $33.9 million, beating the Zacks Consensus Estimate by 7.62%, marking the company's fifth consecutive quarter of sequential growth on accelerating edge AI demand. Non-GAAP gross margin expanded 450 basis points to 47.2%, and non-GAAP net loss narrowed to $1.8 million from $5.9 million a year earlier. For the third quarter of 2026, Ambiq expects net sales between $36 million and $37 million, non-GAAP gross margin of 46.5-47.5%, non-GAAP operating expenses of $24-$25 million and a non-GAAP loss per share of 12-20 cents, while full-year 2026 net sales are expected at approximately $135 million. The company ended the quarter with $366.8 million in cash and cash equivalents and no debt, strengthened by approximately $168 million in net proceeds from its June follow-on offering.

Ambiq Micro reported second-quarter 2026 sales revenue surged 90% year over year to $33.9 million, driven by strengthening demand for its ultra-low-power semiconductor solutions for edge AI. The result exceeded the consensus estimate of $31.5 million. The company posted an adjusted loss per share of $0.07, beating the estimated loss of $0.26, while its GAAP loss per share of $0.32 also came in better than the $0.51 consensus. For the third quarter, Ambiq expects revenue between $36 million and $37 million, above the $34 million consensus, and an adjusted loss per share of $0.20 to $0.12 versus the $0.27 estimate. Shares rose 3% in early trading Tuesday and have more than doubled year to date.

Ambiq Micro Inc. has closed an upsized public offering of 2,300,000 shares of common stock at $78.00 per share, generating total gross proceeds of approximately $179.4 million. The offering included the full exercise of the underwriters' option to purchase an additional 300,000 shares. BofA Securities and UBS Investment Bank acted as joint lead book-running managers. The company, a provider of ultra-low-power semiconductor solutions for edge AI, intends to use the capital to support its ongoing business operations.