Ambiq Micro Q2 sales beat estimates on edge AI demand

Ambiq Micro

11/08/2026 12:41

Overview
U.S. semiconductor maker's Q2 net sales grew 90% yr/yr, beating analyst expectations
Gross profit more than doubled yr/yr, with gross margin expanding by 4.9 pts
Company completed $168 mln public offering and announced dual listing on Singapore Exchange

Outlook
Ambiq Micro expects Q3 net sales of $36.0 mln to $37.0 mln
Company sees Q3 non-GAAP gross margin between 46.5% and 47.5%
Ambiq Micro expects Q3 non-GAAP net loss per share of ($0.20) to ($0.12)

Result Drivers
EDGE AI DEMAND - Co said accelerating demand for edge AI solutions drove net sales growth across customers, end markets and products
MARGIN EXPANSION - Gross profit and margin rose due to higher net sales and favorable product mix, per co
NEW SOFTWARE LAUNCHES - Co launched heliaCORE, compressionKIT and heliaPROFILER to help customers deploy energy efficient AI models

Company press release: ID:nBw7lk2xqa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$33.90 mln
$31.51 mln (6 Analysts)
Q2 Loss Per Share
 
$0.32
 
Q2 Adjusted Net Loss
 
$1.77 mln
 
Q2 Gross Profit
 
$15.27 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Ambiq Micro, Inc. is $70.00, about 9.5% above its August 10 closing price of $63.92

Reuters Recommended Reads
Aug 11 - Nvidia partners with Wall Street giants to raise $500 billion for AI buildout
Aug 11 - Intel raises $20 billion from upsized share sale 
Aug 10 - Ceva Q2 revenue beats analyst estimates on AI demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)