Ambiq Micro Q1 sales jump 59%, beat estimates on edge AI demand

Ambiq Micro

12/05/2026 12:37

Overview

US semiconductor firm's Q1 net sales rose 59% yr/yr, beating analyst expectations

Gross margin improved to 43.5% on manufacturing efficiencies

Company expects strong Q2 sales on continued edge AI demand

Outlook

Ambiq expects Q2 net sales of $31.0 mln to $32.0 mln

Company sees Q2 non-GAAP gross margin between 45.0% and 46.0%

Ambiq expects 2026 net sales outside personal devices to double from 2025

Result Drivers

EDGE AI DEMAND - Co said Q1 sales growth was driven by accelerating demand for edge AI solutions and greater customer adoption of its products

MANUFACTURING EFFICIENCY - Co attributed gross margin performance to optimized production processes, which helped offset industry-wide cost pressures

CUSTOMER AND MARKET DIVERSIFICATION - Co said its top three customers accounted for a smaller share of sales and expects sales outside personal devices to double in 2026

Company press release: ID:nBw1Kwx8Wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$25.06 mln
$21.49 mln (5 Analysts)
Q1 EPS
-$0.50
Q1 Adjusted Net Income
-$5.05 mln
Q1 Gross Profit
$10.89 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Ambiq Micro Inc is $44.00, about 3.7% below its May 11 closing price of $45.67

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)