Here are 1-2 brief analogies for Ambiq Micro (AMBQ):

• STMicroelectronics (STM) but hyper-focused on extreme power efficiency for IoT and wearables.
• NXP Semiconductors (NXPI) for devices that need to run for a very long time on a tiny battery.

• Apollo Microcontrollers (MCUs): These are energy-efficient, general-purpose microcontrollers designed for a wide range of battery-powered embedded applications requiring very low power consumption.
• Apollo System-on-Chips (SoCs) with AI/ML Capabilities: These integrated circuits combine ultra-low power processing with dedicated hardware accelerators for efficient on-device artificial intelligence and machine learning inference at the edge.

Ambiq Micro (Symbol: AMBQ) - Major Customers

• Taiwan Semiconductor Manufacturing Company Limited (TSM)
• GlobalFoundries Inc. (GFS)
• ASE Technology Holding Co., Ltd. (ASX)

Fumihide Esaka, Chief Executive Officer and Director

Fumihide Esaka has over 20 years of senior management experience in the semiconductor industry. He joined International Rectifier as a Vice President in 1995 after spending six years as a manager at the consultancy firm Accenture. Prior to joining Ambiq Micro in December 2015, he held CEO roles at Nihon Inter Electronics Corp. and Transphorm Inc. As CEO, he has contributed to raising over $700 million in capital and leading companies to a $1 billion valuation.

Jeffrey Winzeler, Chief Financial Officer

Jeffrey Winzeler brings over 20 years of experience as a CFO and COO in the semiconductor and renewable energy industries. He has successfully led global finance teams at both private and public startups, including Kandou AI, Everspin Technologies, Avnera, Rackwise, Solar Power Incorporated, and International DisplayWorks. He was appointed Ambiq's Chief Financial Officer in June 2025 and has raised over $1 billion in equity and debt financing throughout his career.

Scott Hanson, Founder, Chief Technology Officer

Scott Hanson co-founded Ambiq Micro in 2010 with Dennis Sylvester and David Blaauw, stemming from research conducted at the University of Michigan. He is an expert in ultra-low energy and variation-tolerant circuits and played a key role in developing Ambiq Micro's proprietary Subthreshold Power Optimized Technology (SPOT) Platform. He holds a Ph.D. in Electrical Engineering from the University of Michigan and has more than 30 publications and 7 patent filings.

Sean Chen, President and Chief Operating Officer

Sean Chen possesses over 20 years of experience in the semiconductor industry. His background includes serving as Vice President of Marketing and Business Development at mCube, as well as holding various management positions at several startups, Nagevtech, Intel, IDT, and TSMC.

Charlene Wan, Vice President of Corporate Marketing & Investor Relations

Charlene Wan is an experienced marketing and communications executive with a successful track record in the technology industry globally. She is skilled in branding, go-to-market strategy, media relations, executive communications, and social media. She was recognized as Woman of the Year in the 2022 BIG Awards for Business, and her department received the Public Relations Department of the Year award in 2022.

The rapid acceleration and investment by larger, established semiconductor companies (e.g., Nordic Semiconductor, STMicroelectronics, NXP) into ultra-low power microcontrollers and SoCs specifically optimized for artificial intelligence and machine learning at the extreme edge. These companies are leveraging their substantial resources, existing market channels, and broad customer relationships to develop highly competitive solutions that directly target Ambiq's core differentiation in energy efficiency for endpoint AI, potentially eroding Ambiq's early-mover advantage and market share.

Ambiq Micro (NASDAQ: AMBQ) operates in several key addressable markets with its ultra-low-power microcontrollers (MCUs) and systems-on-chip (SoCs) for edge AI applications, as well as real-time clocks (RTCs).

• Edge AI Semiconductor Market: The global edge AI semiconductor market was valued at $3.67 billion in 2025 and is projected to grow to $9.75 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 21.59%. Another estimate places the global edge AI market at $12.5 billion in 2024, with a projected CAGR of 24.8% between 2025 and 2034. North America held the largest share of the edge AI market in 2024, with the U.S. alone projected to reach approximately $20 billion by 2034.
• Ultra-Low-Power (ULP) Microcontroller Market: The global ultra-low-power microcontroller market is projected to reach $15.27 billion in 2030 from $9.78 billion in 2025, growing at a CAGR of 9.3%. Another source indicates the global Ultra-Low-Power Microcontroller (MCU) Market was valued at USD 4.88 billion in 2024 and is projected to reach USD 10.11 billion by 2032, growing at a CAGR of 9.90% from 2025 to 2032. Asia-Pacific is the dominant region in this market, with North America showing the fastest growth.
• Real-Time Clocks (RTCs) Market: The global Real-Time Clocks (RTCs) Market was valued at USD 4.3 billion in 2023 and is expected to grow to USD 6.73 billion by 2032, exhibiting a CAGR of 5.1% from 2025 to 2032. Another valuation for the global Real-time Clock (RTC) Chips and Modules market is $2.5 billion in 2024, projected to exceed $3.5 billion by 2029, with a CAGR of around 7%. The Asia Pacific region holds the highest market share for RTC ICs.
• Ambiq Micro's Core End Markets: Ambiq Micro's management estimates that their core end markets, including personal devices, healthcare, industrials, and smart buildings and homes, will collectively form a $22.5 billion addressable market by 2028 globally. These markets had a combined total of $12.8 billion as of 2023.

Here are 3-5 expected drivers of future revenue growth for Ambiq Micro (AMBQ) over the next 2-3 years:

1. Expansion in Edge AI Market and New Product Platforms: Ambiq Micro is strategically focused on expanding its presence in the rapidly growing edge AI market. The company anticipates significant revenue contributions from its new product platforms, including the Apollo 5, which is expected to be central to future growth, and the upcoming Atomic platform, slated for significant impact by 2028. Ambiq is developing purpose-built solutions across various sectors like healthcare, industrial, and smart spaces to capture these opportunities.
2. Shift to Higher-Value Markets and Customer Diversification: The company is undergoing a deliberate strategic shift, moving away from lower-margin customers in mainland China towards higher-value markets and customers, particularly in North America and Europe. This repositioning, while contributing to some short-term revenue decline, is expected to result in higher average selling prices (ASPs), a more favorable product mix, and expanded gross margins, ultimately supporting revenue growth from 2026 onwards.
3. Increased Customer Demand and New Design Wins: Ambiq Micro's management has highlighted accelerating growth driven by increased orders from existing customers and securing multiple design wins with new customers. This indicates a growing adoption of their ultra-low-power solutions and a successful market penetration strategy outside of mainland China. A notable example is a major design win with Whoop for their latest fitness tracker product line.
4. Investment in Research & Development and Product Roadmap: The company is committed to scaling its R&D and go-to-market capabilities to capitalize on edge AI opportunities. Ambiq views continued investment in technical innovation and its product development roadmap as a top strategic priority, which includes expanding its Apollo family and introducing new product lines like Atomic. This ongoing investment is crucial for introducing advanced solutions and maintaining a competitive edge in the evolving edge AI semiconductor landscape.

Share Issuance

• Ambiq Micro completed its Initial Public Offering (IPO) on July 31, 2025, issuing 4,600,000 shares of common stock, including the full exercise of the underwriters' option to purchase additional shares.
• The gross proceeds to Ambiq Micro from the IPO were $110.4 million. Net cash proceeds were reported as $99.843 million in Q3 2025.
• A 1-for-28 reverse stock split occurred on July 18, 2025, and 12,729,240 preferred shares converted to common shares prior to the IPO.

Inbound Investments

• The company's IPO on July 31, 2025, generated $99.843 million in net cash proceeds, significantly bolstering its liquidity with cash and cash equivalents rising to $146.5 million as of September 30, 2025.

Capital Expenditures

• Capital expenditures amounted to -$899,000 in the last 12 months.
• For the six months ended June 30, 2025, capital expenditures were $0.5 million.
• Investing activities for the six months ended June 30, 2025, included $2.7 million for technology investments in intangible assets.