Tearsheet

Ambiq Micro (AMBQ)


Market Price (6/19/2026): $92.38 | Market Cap: $1.9 BilSector: Information Technology | Industry: Semiconductors

Ambiq Micro (AMBQ)


Market Price (6/19/2026): $92.38
Market Cap: $1.9 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Digital Health & Telemedicine. Themes include Edge AI, Wearable Health Devices, Show more.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -42 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -52%

Expensive valuation multiples
P/SPrice/Sales ratio is 23x

Stock price has recently run up significantly
6M Rtn6 month market price return is 198%, 12M Rtn12 month market price return is 135%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 11%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -52%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 213%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.3%

Key risks
AMBQ key risks include [1] slowing revenue growth and persistent operating losses, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11%
1 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Digital Health & Telemedicine. Themes include Edge AI, Wearable Health Devices, Show more.
2 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -42 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -52%
4 Expensive valuation multiples
P/SPrice/Sales ratio is 23x
5 Stock price has recently run up significantly
6M Rtn6 month market price return is 198%, 12M Rtn12 month market price return is 135%
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 11%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -52%
8 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 213%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.3%
10 Key risks
AMBQ key risks include [1] slowing revenue growth and persistent operating losses, Show more.

AMBQ in ETFs

Weight = AMBQ's share of each fund

VTI0.00%
IWM0.04%
IWO0.05%
IWN0.03%
VTWO0.02%
SCHA0.01%
IWV0.00%
SCHB0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/18/2026

Ambiq Micro (AMBQ) stock has gained about 195% since 2/28/2026 because of the following key factors:

1. Exceptional Fiscal Q1 2026 Financial Results and Robust Outlook. Ambiq Micro reported net sales of $25.1 million for fiscal Q1 2026 (ended March 31, 2026), exceeding guidance and representing a 59.3% year-over-year increase. The company also posted a Non-GAAP loss per share of -$0.25, which was significantly narrower than analyst estimates of -$0.36. Management further fueled investor confidence by providing strong fiscal Q2 2026 guidance, projecting net sales between $31.0 million and $32.0 million, implying approximately 75% year-over-year growth, driven by continued demand for edge AI solutions.

2. Strategic Positioning and Innovation in the High-Growth Edge AI Market. Ambiq Micro demonstrated strong momentum in edge AI deployment, with over 80% of units shipped in fiscal Q1 2026 running AI algorithms. The company's leadership in ultra-low-power semiconductor solutions was reinforced by its 2026 Embedded World Award for heliaAOT™, an ahead-of-time AI compiler, and the revelation of its 12nm SPOT® platform for next-generation edge AI devices. This focus on energy-efficient chips for a wide range of applications, including IoT, wearables, and other battery-powered devices, aligns with expanding customer adoption of Ambiq's higher-value Apollo platforms.

Show more
Updated on 6/18/2026

Ambiq Micro (AMBQ) stock has gained about 195% since 2/28/2026 because of the following key factors:

1. Exceptional Fiscal Q1 2026 Financial Results and Robust Outlook. Ambiq Micro reported net sales of $25.1 million for fiscal Q1 2026 (ended March 31, 2026), exceeding guidance and representing a 59.3% year-over-year increase. The company also posted a Non-GAAP loss per share of -$0.25, which was significantly narrower than analyst estimates of -$0.36. Management further fueled investor confidence by providing strong fiscal Q2 2026 guidance, projecting net sales between $31.0 million and $32.0 million, implying approximately 75% year-over-year growth, driven by continued demand for edge AI solutions.

2. Strategic Positioning and Innovation in the High-Growth Edge AI Market. Ambiq Micro demonstrated strong momentum in edge AI deployment, with over 80% of units shipped in fiscal Q1 2026 running AI algorithms. The company's leadership in ultra-low-power semiconductor solutions was reinforced by its 2026 Embedded World Award for heliaAOT™, an ahead-of-time AI compiler, and the revelation of its 12nm SPOT® platform for next-generation edge AI devices. This focus on energy-efficient chips for a wide range of applications, including IoT, wearables, and other battery-powered devices, aligns with expanding customer adoption of Ambiq's higher-value Apollo platforms.

3. Favorable Broad Semiconductor Market Trends Driven by AI. The overall semiconductor market experienced record growth, with global revenue increasing 25% quarter-over-quarter in fiscal Q1 2026 to reach $299 billion, primarily propelled by demand for AI. This represented a 79% increase from the prior year. Suppliers in the sector are prioritizing high-growth, high-margin AI applications, and the outlook for fiscal Q2 2026 anticipates continued tight supply and accelerating AI demand. The semiconductor market is projected to grow over 20% quarter-over-quarter in fiscal Q2 2026, potentially surpassing $1 trillion for the full year, creating a significant tailwind for Ambiq Micro.

4. Strong Balance Sheet and Significant Institutional Investor Accumulation. Ambiq Micro ended fiscal Q1 2026 with a robust financial position, holding $204.5 million in cash and cash equivalents, supported by $75.3 million in net proceeds from a January 2026 follow-on stock offering, and minimal long-term debt. This healthy balance sheet provides flexibility for continued investment. Moreover, several institutional investors significantly increased their holdings in AMBQ during fiscal Q1 2026, with Blackrock, Inc. adding an estimated $17,920,783 and Schonfeld Strategic Advisors LLC adding an estimated $11,046,794 to their portfolios. Franklin Resources Inc. also added an estimated $5,954,299 to their portfolio in fiscal Q1 2026.

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Stock Movement Drivers

Fundamental Drivers

The 200.9% change in AMBQ stock from 2/28/2026 to 6/19/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820266192026Change
Stock Price ($)30.7092.38200.9%
Change Contribution By: 
Total Revenues ($ Mil)820.0%
P/S Multiple23.00.0%
Shares Outstanding (Mil)1420-33.3%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/19/2026
ReturnCorrelation
AMBQ194.7% 
Market (SPY)9.2%43.3%
Sector (XLK)38.1%38.7%

Fundamental Drivers

The 276.9% change in AMBQ stock from 11/30/2025 to 6/19/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)113020256192026Change
Stock Price ($)24.5192.38276.9%
Change Contribution By: 
Total Revenues ($ Mil)820.0%
P/S Multiple23.00.0%
Shares Outstanding (Mil)1420-33.3%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/19/2026
ReturnCorrelation
AMBQ269.2% 
Market (SPY)9.9%43.1%
Sector (XLK)34.1%41.4%

Fundamental Drivers

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Market Drivers

5/31/2025 to 6/19/2026
ReturnCorrelation
AMBQ  
Market (SPY)28.1%43.3%
Sector (XLK)66.8%40.2%

Fundamental Drivers

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null

Market Drivers

5/31/2023 to 6/19/2026
ReturnCorrelation
AMBQ  
Market (SPY)85.7%43.3%
Sector (XLK)137.9%40.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AMBQ Return-----26%178%105%
Peers Return29%-26%14%1%-2%68%80%
S&P 500 Return27%-19%24%23%16%8%98%

Monthly Win Rates [3]
AMBQ Win Rate----50%67% 
Peers Win Rate58%32%55%42%48%60% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
AMBQ Max Drawdown------33% 
Peers Max Drawdown-24%-38%-36%-32%-42%-21% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SLAB, NXPI, MCHP, TXN, CEVA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)

How Low Can It Go

AMBQ has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

EventXLKS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.5%23.1%
  Time to Breakeven65 days79 days
2024 Yen Carry Trade Unwind
  % Loss-17.0%-7.8%
  % Gain to Breakeven20.4%8.5%
  Time to Breakeven92 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.0%-9.5%
  % Gain to Breakeven11.2%10.5%
  Time to Breakeven15 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.1%-24.5%
  % Gain to Breakeven49.5%32.4%
  Time to Breakeven246 days427 days
2020 COVID-19 Crash
  % Loss-31.2%-33.7%
  % Gain to Breakeven45.2%50.9%
  Time to Breakeven78 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.8%-19.2%
  % Gain to Breakeven31.2%23.8%
  Time to Breakeven100 days105 days

Compare to SLAB, NXPI, MCHP, TXN, CEVA

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

AMBQ has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

EventXLKS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.5%23.1%
  Time to Breakeven65 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.1%-24.5%
  % Gain to Breakeven49.5%32.4%
  Time to Breakeven246 days427 days
2020 COVID-19 Crash
  % Loss-31.2%-33.7%
  % Gain to Breakeven45.2%50.9%
  Time to Breakeven78 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.8%-19.2%
  % Gain to Breakeven31.2%23.8%
  Time to Breakeven100 days105 days
2008-2009 Global Financial Crisis
  % Loss-51.5%-53.4%
  % Gain to Breakeven106.2%114.4%
  Time to Breakeven797 days1085 days

Compare to SLAB, NXPI, MCHP, TXN, CEVA

In The Past

State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Ambiq Micro (AMBQ)

Ambiq Micro (AMBQ) is a leading provider of ultra-low power semiconductor solutions, dedicated to enabling artificial intelligence (AI) and general computing everywhere, particularly at the edge where power consumption challenges are most acute. The company’s core innovation is its proprietary Sub-threshold Power Optimized Technology (SPOT) platform. This groundbreaking chip design fundamentally reduces power consumption by two to five times compared to traditional integrated circuits, without requiring expensive manufacturing processes, thereby extending battery life and facilitating new AI applications in compact devices.

The company provides a comprehensive, full-stack solution that includes a diverse family of Systems-on-Chip (SoCs) alongside the necessary software. These ultra-low power SoCs are designed to enable a wide range of on-chip functionalities, such as AI processing, general compute, sensing, security, storage, wireless connectivity, and advanced graphics. By delivering compute at a fraction of the power consumed by competitors, Ambiq Micro’s solutions allow edge devices to perform real-time AI-powered features like speech recognition, image processing, and health tracking locally, enhancing data privacy, efficiency, and real-time decision-making.

Ambiq Micro’s solutions serve a broad array of markets requiring on-device and real-time AI. Its primary customers are found in personal devices (e.g., smartwatches, AR/VR glasses), medical/healthcare (e.g., digital health monitors), industrial edge (e.g., factory automation, livestock tracking), and smart home and building markets. The company focuses its sales and marketing efforts on end customers in target geographies including the United States, Europe, and Asia (excluding Mainland China), with long-term plans to expand its ultra-low power technology into high-performance compute applications like AI data centers and automotive.

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  • The Nvidia for ultra-low power AI chips at the edge.
  • The Qualcomm for highly efficient, battery-powered AI devices.

AI Analysis | Feedback

```html
  • Ultra-low Power Systems-on-Chip (SoCs): These are semiconductor chips designed with proprietary SPOT technology to provide significantly reduced power consumption for AI and general compute applications at the edge.
  • Integrated Software Solutions: This software suite is provided alongside their SoCs to enable on-chip AI processing, general compute, sensing, security, storage, wireless connectivity, and advanced graphics.
```

AI Analysis | Feedback

Ambiq Micro (AMBQ) primarily sells its ultra-low power semiconductor solutions (Systems-on-Chip or SoCs and associated software) to other companies (Business-to-Business, B2B) who integrate these components into their final products. The company's solutions are designed for device manufacturers creating products for various markets that require on-device and real-time AI and high power efficiency.

Based on the provided company description, Ambiq Micro's customers are manufacturers of devices in the following categories:

  • Personal Devices: Manufacturers of products such as smartwatches, fitness trackers, augmented and virtual reality (AR/VR) glasses, and smart rings.
  • Medical/Healthcare Devices: Companies developing digital health monitors.
  • Industrial Edge & Smart Home/Building: Manufacturers involved in security systems and access control, livestock tracking, crop monitoring, factory automation, and smart home/building devices.

The provided company description does not, however, identify the specific names of Ambiq Micro's major customer companies.

AI Analysis | Feedback

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Ambiq Micro Management Team

Fumihide Esaka, Chief Executive Officer and Director

Fumihide Esaka has over 20 years of senior management experience in the semiconductor industry. Prior to joining Ambiq Micro in December 2015, he held CEO roles at Nihon Inter Electronics Corp. (from 2011 to 2013) and Transphorm Inc. (from 2013 to 2015). Mr. Esaka also served as a Vice President at International Rectifier, joining in 1995, and spent six years as a manager at Accenture. He holds a BA in Electrical Engineering and Computer Science from the University of California, San Diego.

Jeffrey G. Winzeler, Chief Financial Officer and Principal Accounting Officer

Jeffrey G. Winzeler possesses over 20 years of experience as a CFO and COO within 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. Throughout his career, Mr. Winzeler has raised over $1 billion in equity and debt financing.

Scott Hanson, Founder, Chief Technology Officer and Director

Scott Hanson co-founded Ambiq Micro in 2010, contributing to the development of its Sub-threshold Power Optimized Technology (SPOT) platform at the University of Michigan. He is recognized as an expert in ultra-low energy and variation-tolerant circuits. Dr. Hanson earned his Ph.D. in Electrical Engineering from the University of Michigan and has authored over 30 publications and holds 7 patent filings related to energy-efficient circuits.

Sean Chen, President and Chief Operating Officer

Sean Chen brings 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 management positions at various startups, Nagevtech, Intel, IDT, and TSMC.

Michele Connors, General Counsel

Michele Connors has over 20 years of legal experience, providing counsel to both startup and established technology companies such as Cirrus Logic and Dell Technologies. She has also served as litigation counsel at respected law firms.

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Key Risks to Ambiq Micro (AMBQ)

  1. Loss of Technological Advantage and Intense Competition: Ambiq Micro's business model and "leading position" are built upon its proprietary Sub-threshold Power Optimized Technology (SPOT) platform, which enables two to five times lower power consumption than traditional semiconductor designs. A significant risk is that competitors in the highly competitive semiconductor industry could develop similar or superior ultra-low power solutions, or that alternative power-saving technologies could emerge. Such developments would erode Ambiq Micro's key differentiator, potentially leading to a loss of market share and reduced demand for its Systems-on-Chip (SoC) solutions.
  2. Reliance on AI at the Edge Market Growth: Ambiq Micro's mission and growth strategy are fundamentally tied to "driving growth in AI adoption at the edge" across markets like personal devices, medical/healthcare, industrial edge, and smart home and building. If the actual adoption rate of AI at the edge is slower than anticipated, or if the specific AI use cases they target do not materialize or gain traction as expected, the demand for their ultra-low power semiconductor solutions could be adversely affected, impacting their projected growth.
  3. Dependency on Specific End-Markets and Geographies: Although Ambiq Micro serves a "wide range of markets," the company explicitly focuses on specific end-markets such as smartwatches, fitness trackers, augmented and virtual reality (AR/VR) glasses, digital health monitors, and security systems. Additionally, their sales and marketing efforts are increasingly concentrated on target geographies including the United States, Europe, and Asia (ex-Mainland China). Negative trends, economic downturns, or intensified competition within any of these particular market segments or geographical regions could disproportionately impact Ambiq Micro's sales volumes and financial performance.

AI Analysis | Feedback

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AI Analysis | Feedback

Ambiq Micro operates within several significant and rapidly expanding addressable markets for its ultra-low power semiconductor solutions, primarily focused on enabling artificial intelligence (AI) at the edge. The key addressable markets for Ambiq Micro globally include the broader Edge AI market, the Ultra-Low-Power Microcontroller/Semiconductor market, and specific application areas such as wearable AI, industrial edge AI, and healthcare edge computing. The global edge AI market, which encompasses Ambiq Micro's core focus, was valued at approximately USD 35.81 billion in 2025 and is projected to reach USD 385.89 billion by 2034. Another estimate placed the global edge AI market at USD 24.97 billion in 2025, with a forecast to surpass USD 170.56 billion by 2035. A significant portion of this market is the hardware segment, which constituted over 50% of the edge AI market in 2025 and 2026, driven by the demand for chipsets with high processing power and low consumption for IoT devices. Specifically, the global edge AI processor market is expected to grow from $28 billion in 2025 to $95 billion by 2030. The global Edge AI Hardware Market is estimated to be worth $26.14 billion in 2025 and is poised to reach $58.90 billion by 2030. Within the broader semiconductor landscape, the global ultra-low-power microcontroller market, which directly relates to Ambiq Micro's technology, was valued at approximately USD 5.59 billion in 2023 and is projected to grow to nearly USD 10.22 billion by 2030. The larger low-power semiconductor devices market, which includes Ambiq's offerings, is estimated at USD 15.60 billion in 2024 and is projected to reach USD 34.80 billion by 2032. Ambiq Micro's solutions are also integral to specific high-growth application markets: * **Wearable AI:** The global wearable AI market size was valued at approximately USD 43.64 billion in 2025 and is projected to reach USD 310.56 billion by 2033. Other estimates for this market show a value of USD 27.07 billion in 2022, growing to USD 221.35 billion by 2031, and USD 62.71 billion in 2024, projected to reach USD 138.50 billion by 2029. * **Edge AI in Smart Devices (including consumer electronics):** The global Edge AI in Smart Devices Market size is expected to be worth around USD 385 billion by 2034, up from USD 27.5 billion in 2024. The consumer electronics segment held a leading market share in this area in 2024. * **Industrial Edge AI / Edge AI in Industrial Automation:** The global Edge AI in Industrial Automation Market size is expected to reach $268.5 billion by 2031. The overall global industrial edge market was valued at USD 21.29 billion in 2024 and is projected to reach USD 45.03 billion by 2030. * **Edge Computing in Healthcare (Medical/Healthcare):** The global edge computing in healthcare market size was calculated at USD 8.21 billion in 2025 and is predicted to increase from USD 9.78 billion in 2026 to approximately USD 47.23 billion by 2035. Another source states the market was valued at USD 8.16 billion in 2025, growing to USD 23.22 billion by 2031.

AI Analysis | Feedback

Ambiq Micro (AMBQ) is expected to drive future revenue growth over the next 2-3 years through several key initiatives: * Accelerated Adoption of Edge AI: Ambiq Micro's core mission is to enable artificial intelligence (AI) everywhere by providing ultra-low-power semiconductor solutions, especially at the edge. Over 80% of the units the company shipped in 2025 ran AI algorithms, indicating a strong existing trend and significant future potential as more devices integrate sophisticated AI capabilities. This increasing demand for power-efficient AI processing at the edge is a fundamental driver across its target markets. * New Product Launches and Expanded Product Lines: The company anticipates significant revenue growth from the introduction and expansion of its Apollo and Atomic product families. The Apollo5 family is already seeing broader adoption, and Ambiq is accelerating the development of its next-generation Atomic platform, which is built on a 12nm FinFET process with TSMC. Atomic will feature an integrated Neural Processing Unit (NPU), Graphics Processing Unit (GPU), and embedded memory, enabling more sophisticated AI capabilities at ultra-low voltages, with meaningful contributions expected from 2028. New software offerings like the Helia AI runtime also enhance their full-stack solution. * Expansion into Diverse Edge AI Markets: While wearables remain a significant market, Ambiq is actively diversifying its customer base and expanding its design funnel into new non-wearable markets. These include industrial edge, medical/healthcare, and smart home and building markets. Management expects non-wearable applications, such as predictive maintenance sensors, cardiac monitors, and smart building solutions, to represent a greater share of revenue in 2026 and beyond. * New Customer Ramps and Broader Customer Adoption: Ambiq has secured a large wearable customer whose ramp-up began in Q1 2026, with expectations for strong growth through 2027. The company also attributes sequential net sales increases to the broader adoption of Ambiq solutions within existing customer portfolios and customers upgrading to more advanced platforms like Apollo5. * Increase in Average Selling Price (ASP): The transition to new, more advanced product lines, particularly Apollo5 and the upcoming Atomic chips, is expected to lead to a significant increase in Average Selling Price (ASP). This shift towards higher-value offerings will contribute to revenue growth and improved gross margins, even as the company strategically repositions itself towards higher-value customers and away from lower-margin business in Mainland China.

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Share Issuance

  • Ambiq Micro completed an initial public offering (IPO) in July 2025, generating gross proceeds of $110.4 million from the sale of 4,600,000 shares at $24.00 per share, including the full exercise of the underwriters' option.
  • A follow-on offering in early 2026 generated an additional $76.8 million in net proceeds.
  • In the second quarter of 2024, Ambiq Micro issued 57,068,338 shares of Series G preferred stock, resulting in cash proceeds of $51.5 million.

Inbound Investments

  • The company raised $51.5 million in cash proceeds through the issuance of Series G preferred stock in the second quarter of 2024.
  • Ambiq Micro's initial public offering in July 2025 brought in gross proceeds of $110.4 million from public investors.

Capital Expenditures

  • Research and development expenses, reflecting investments in enhancing existing solutions and developing future product offerings, were $38.5 million in 2025 and $37.2 million in 2024.
  • Non-GAAP operating expense is projected to be approximately $30 million higher in 2026 compared to 2025, primarily due to accelerated development of the Atomiq and Apollo product families.
  • Ambiq operates on a fabless model, relying on third-party manufacturers like TSMC and packaging/test providers, which influences the nature of its capital expenditures.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Ambiq Micro Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

AMBQSLABNXPIMCHPTXNCEVAMedian
NameAmbiq Mi.Silicon .NXP Semi.Microchi.Texas In.CEVA  
Mkt Price92.38219.65313.0099.80322.8549.75159.72
Mkt Cap1.97.279.154.1293.51.430.6
Rev LTM8282112,6154,71318,4381122,767
Op Inc LTM-42-563,2145306,641-12259
FCF LTM-43182,5548713,721-6444
FCF 3Y Avg-12,3431,4172,039-61,417
CFO LTM-32533,0489627,824-1507
CFO 3Y Avg-233,0921,5846,750-21,584

Growth & Margins

AMBQSLABNXPIMCHPTXNCEVAMedian
NameAmbiq Mi.Silicon .NXP Semi.Microchi.Texas In.CEVA  
Rev Chg LTM6.9%25.1%2.4%7.1%14.9%3.0%7.0%
Rev Chg 3Y Avg--3.6%-1.4%-14.9%-1.1%-0.7%-1.4%
Rev Chg Q59.3%20.1%12.2%35.1%18.6%11.5%19.4%
QoQ Delta Rev Chg LTM12.9%4.6%2.8%7.8%4.3%2.5%4.4%
Op Inc Chg LTM-5.8%59.9%-3.0%41.1%20.7%-72.9%8.8%
Op Inc Chg 3Y Avg--57.5%-4.9%-20.7%-9.3%-736.0%-20.7%
Op Mgn LTM-51.9%-6.8%25.5%11.2%36.0%-10.7%2.2%
Op Mgn 3Y Avg--14.6%26.8%17.8%36.4%-11.4%17.8%
QoQ Delta Op Mgn LTM2.6%2.2%0.7%4.9%1.3%-0.4%1.8%
CFO/Rev LTM-39.4%6.4%24.2%20.4%42.4%-0.7%13.4%
CFO/Rev 3Y Avg-2.9%24.2%26.2%39.4%-2.3%24.2%
FCF/Rev LTM-52.1%2.1%20.2%18.5%20.2%-5.1%10.3%
FCF/Rev 3Y Avg--0.1%18.3%23.4%11.6%-5.8%11.6%

Valuation

AMBQSLABNXPIMCHPTXNCEVAMedian
NameAmbiq Mi.Silicon .NXP Semi.Microchi.Texas In.CEVA  
Mkt Cap1.97.279.154.1293.51.430.6
P/S23.08.86.311.515.912.311.9
P/Op Inc-44.3-130.424.6102.044.2-114.3-9.9
P/EBIT-44.3-172.020.2110.643.8-114.3-12.1
P/E-49.1-143.829.8235.054.7-117.0-9.7
P/CFO-58.4137.926.056.237.5-1,645.131.7
Total Yield-2.1%-0.7%4.6%2.2%3.6%-0.9%0.8%
Dividend Yield0.0%0.0%1.3%1.8%1.7%0.0%0.6%
FCF Yield 3Y Avg-0.2%4.3%3.6%1.2%-1.1%1.2%
D/E0.00.00.10.10.00.00.0
Net D/E-0.1-0.10.10.10.0-0.1-0.0

Returns

AMBQSLABNXPIMCHPTXNCEVAMedian
NameAmbiq Mi.Silicon .NXP Semi.Microchi.Texas In.CEVA  
1M Rtn20.6%1.3%0.9%6.7%5.9%30.8%6.3%
3M Rtn281.1%6.5%63.6%59.3%73.3%167.9%68.5%
6M Rtn204.2%62.7%39.0%55.4%85.3%134.3%74.0%
12M Rtn139.8%55.8%50.8%50.7%67.3%141.5%61.5%
3Y Rtn139.8%42.8%68.4%27.4%102.1%100.3%84.4%
1M Excs Rtn27.8%-0.5%4.4%7.2%4.8%34.5%6.0%
3M Excs Rtn242.7%-6.8%49.2%44.9%58.8%148.7%54.0%
6M Excs Rtn223.5%53.2%26.7%42.8%73.6%123.9%63.4%
12M Excs Rtn113.9%29.5%24.5%26.1%42.5%121.8%36.0%
3Y Excs Rtn66.6%-35.6%-4.1%-46.2%27.0%17.9%6.9%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil202520242023
Single Segment737666
Total737666


Price Behavior

Price Behavior
Market Price$90.48 
Market Cap ($ Bil)1.8 
First Trading Date07/30/2025 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$64.51$64.51
DMA Trendupup
Distance from DMA40.3%40.3%
 3M1YR
Volatility117.5%91.0%
Downside Capture77.49301.75
Upside Capture487.85349.34
Correlation (SPY)40.2% 
AMBQ Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta2.722.062.922.750.000.24
Up Beta3.332.052.251.990.630.77
Down Beta11.908.046.553.830.700.08
Up Capture904%718%603%806%673%62%
Bmk +ve Days13283667141432
Stock +ve Days13263669108108
Down Capture-792%-493%63%141%179%90%
Bmk -ve Days7132757109318
Stock -ve Days71325529898

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AMBQ
AMBQ135.6%91.0%1.44-
Sector ETF (XLK)59.9%23.1%1.9640.2%
Equity (SPY)26.5%12.4%1.6143.3%
Gold (GLD)24.2%27.5%0.7713.6%
Commodities (DBC)19.8%18.8%0.831.7%
Real Estate (VNQ)11.0%13.7%0.529.8%
Bitcoin (BTCUSD)-40.0%42.5%-1.0816.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AMBQ
AMBQ18.6%91.0%1.44-
Sector ETF (XLK)22.9%25.3%0.8040.2%
Equity (SPY)13.5%17.1%0.6243.3%
Gold (GLD)17.1%18.3%0.7613.6%
Commodities (DBC)7.5%19.4%0.291.7%
Real Estate (VNQ)1.9%18.9%0.009.8%
Bitcoin (BTCUSD)11.0%54.2%0.4016.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AMBQ
AMBQ8.9%91.0%1.44-
Sector ETF (XLK)25.4%24.7%0.9340.2%
Equity (SPY)15.3%18.0%0.7343.3%
Gold (GLD)12.3%16.1%0.6313.6%
Commodities (DBC)5.9%18.0%0.261.7%
Real Estate (VNQ)5.3%20.7%0.229.8%
Bitcoin (BTCUSD)60.0%66.8%1.0016.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity1.2 Mil
Short Interest: % Change Since 515202618.1%
Average Daily Volume0.9 Mil
Days-to-Cover Short Interest1.4 days
Basic Shares Quantity20.4 Mil
Short % of Basic Shares5.7%

Earnings Returns History

Updated 6/14/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/12/202645.3%56.2%64.5%
3/5/20267.1%11.7%1.6%
11/6/2025-6.6%-11.4%0.9%
9/4/2025-15.2%-9.9%-26.5%
SUMMARY STATS   
# Positive223
# Negative221
Median Positive26.2%33.9%1.6%
Median Negative-10.9%-10.7%-26.5%
Max Positive45.3%56.2%64.5%
Max Negative-15.2%-11.4%-26.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/12/202645.3%56.2%64.5%
3/5/20267.1%11.7%1.6%
11/6/2025-6.6%-11.4%0.9%
9/4/2025-15.2%-9.9%-26.5%
SUMMARY STATS   
# Positive223
# Negative221
Median Positive26.2%33.9%1.6%
Median Negative-10.9%-10.7%-26.5%
Max Positive45.3%56.2%64.5%
Max Negative-15.2%-11.4%-26.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/12/202610-Q
12/31/202503/05/202610-K
09/30/202511/06/202510-Q
06/30/202509/04/202510-Q
03/31/202507/31/2025424B4
12/31/202302/13/2025DRS/A
12/31/202111/17/2022DRS/A
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/12/202610-Q
12/31/202503/05/202610-K
09/30/202511/06/202510-Q
06/30/202509/04/202510-Q
03/31/202507/31/2025424B4
12/31/202302/13/2025DRS/A
12/31/202111/17/2022DRS/A

Recent Forward Guidance

Updated 5/31/2026

Latest: Q1 2026 Earnings Reported 5/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue31.00 Mil31.50 Mil32.00 Mil46.5% Higher NewGuidance: 21.50 Mil for Q1 2026
Q2 2026 Operating Margin45.0%45.5%46.0%2.2%1.0%Higher NewGuidance: 44.5% for Q1 2026
Q2 2026 EPS-0.29-0.26-0.23-27.8% Higher NewGuidance: -0.36 for Q1 2026
2026 Net sales outside of personal devices growth 100.0%    

Prior: Q4 2025 Earnings Reported 3/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue21.00 Mil21.50 Mil22.00 Mil13.2% RaisedGuidance: 19.00 Mil for Q4 2025
Q1 2026 Non-GAAP Gross Margin44.0%44.5%45.0%   
Q1 2026 Non-GAAP Operating Expense18.00 Mil18.25 Mil18.50 Mil   
Q1 2026 Non-GAAP Net Loss Per Share-0.39-0.36-0.33-7.7% RaisedGuidance: -0.39 for Q4 2025

Insider Activity

Updated 6/10/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Chen, TimothyBy: Triumph Way Investment Inc.Sell529202679.7970,592  Form
2Chen, Sean ChihhsiangPresident and COODirectSell518202670.8955,6853,947,2818,525,801Form
3Hanson, Scott McLeanChief Technology OfficerDirectSell518202669.2410,200706,25214,064,528Form
4Esaka, FumihideChief Executive OfficerDirectSell518202670.0260,0004,201,12227,390,545Form
5Winzeler, Jeffrey GChief Financial OfficerDirectSell518202669.9026,0001,817,4126,598,255Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Chen, TimothyBy: Triumph Way Investment Inc.Sell529202679.7970,592  Form
2Chen, Sean ChihhsiangPresident and COODirectSell518202670.8955,6853,947,2818,525,801Form
3Hanson, Scott McLeanChief Technology OfficerDirectSell518202669.2410,200706,25214,064,528Form
4Esaka, FumihideChief Executive OfficerDirectSell518202670.0260,0004,201,12227,390,545Form
5Winzeler, Jeffrey GChief Financial OfficerDirectSell518202669.9026,0001,817,4126,598,255Form
6Connors, Michele KimGeneral CounselDirectSell406202626.1581121,2101,583,640Form
7Hanson, Scott McLeanChief Technology OfficerDirectSell128202631.0010,000310,0003,807,358Form
8Tautges, Joseph ADirectSell128202631.007,800241,8001,511,126Form
Core Cache Last Updated: 6/19/2026