Ambiq Micro (NYSE:AMBQ) Issues Quarterly Earnings Results

Ambiq Micro (NYSE:AMBQ) issued its earnings results on Tuesday. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.27, FiscalAI reports. Ambiq Micro had a negative net margin of 29.72% and a negative return on equity of 10.47%. The company had revenue of $38.14 million for the quarter. Ambiq Micro updated its Q4 2026 guidance to -0.090–0.030 EPS.

Here are the key takeaways from Ambiq Micro’s conference call:

• Third-quarter net sales rose 110% year over year to $38.1 million, marking six consecutive quarters of sequential growth. Management forecast fourth-quarter sales of $43.5 million–$44.5 million and full-year 2026 sales of about $140 million, nearly double 2025.
• Growth is broadening beyond wearables: the active customer base increased about 50% year over year, and seven customers each generated more than $1 million in quarterly sales, versus three a year ago. Ambiq expects non-wearables to reach low double digits as a share of revenue in 2028, with infrastructure and medical applications, plus AI software and models, offering additional potential.
• Supply remains tight, and some demand with short lead times went unfilled despite efforts to add capacity and expedite orders. Higher supply-chain costs are expected to keep fourth-quarter gross margin roughly flat with the third quarter.
• Third-quarter non-GAAP net loss was $1.2 million, while research and development expense rose 90% year over year as the company funds multiple product programs. Ambiq expects fourth-quarter non-GAAP operating expenses of $25.5 million–$26.5 million and a non-GAAP loss per share of $0.09–$0.03.

Ambiq Micro Stock Performance

Shares of NYSE AMBQ opened at $50.68 on Thursday. Ambiq Micro has a 1 year low of $22.12 and a 1 year high of $91.61. The stock has a fifty day moving average price of $56.96 and a two-hundred day moving average price of $53.99. The firm has a market cap of $1.23 billion, a P/E ratio of -29.55 and a beta of 5.66.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMBQ. Citigroup reaffirmed a “neutral” rating on shares of Ambiq Micro in a report on Tuesday, August 11th. Jefferies Financial Group cut their target price on shares of Ambiq Micro from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group raised their price target on Ambiq Micro from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Ambiq Micro in a research report on Friday, September 25th. Finally, Northland Securities set a $81.00 price objective on Ambiq Micro in a research note on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $71.14.

Insider Activity at Ambiq Micro

In related news, COO Sean Chen sold 15,000 shares of Ambiq Micro stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $60.14, for a total transaction of $902,100.00. Following the transaction, the chief operating officer directly owned 120,275 shares of the company’s stock, valued at $7,233,338.50. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Fumihide Esaka sold 50,000 shares of Ambiq Micro stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $63.36, for a total transaction of $3,168,000.00. Following the completion of the transaction, the chief executive officer directly owned 460,460 shares in the company, valued at $29,174,745.60. This represents a 9.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 331,887 shares of company stock valued at $19,995,954 over the last 90 days. 10.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ambiq Micro

Large investors have recently modified their holdings of the stock. Voya Investment Management LLC lifted its stake in Ambiq Micro by 8.6% during the third quarter. Voya Investment Management LLC now owns 3,897 shares of the company’s stock valued at $266,000 after buying an additional 307 shares in the last quarter. Drive Wealth Management LLC acquired a new stake in Ambiq Micro during the 3rd quarter valued at $477,000. Aberdeen Group plc acquired a new stake in Ambiq Micro during the 3rd quarter valued at $1,043,000. Russell Investments Group Ltd. lifted its holdings in shares of Ambiq Micro by 162.4% in the third quarter. Russell Investments Group Ltd. now owns 32,195 shares of the company’s stock valued at $2,195,000 after purchasing an additional 19,927 shares in the last quarter. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Ambiq Micro in the third quarter valued at $275,000.

Trending Headlines about Ambiq Micro

Here are a few of the latest headlines about AMBQ:

• Neutral Sentiment: UBS raised its target from $50 to $52 but kept a Neutral rating, suggesting limited upside in its view. UBS Group rating
• Negative Sentiment: Jefferies cut its target from $90 to $70, while maintaining a Buy rating. The lower target may temper optimism despite its continued bullish recommendation. Jefferies Financial Group rating
• Negative Sentiment: Stifel lowered its target from $85 to $70 and Needham cut its target from $85 to $65; both kept Buy ratings. Together, the revisions point to more cautious valuation expectations. Ambiq Micro analyst ratings

Ambiq Micro Company Profile

Ambiq Micro is a semiconductor company that develops ultra-low-power systems-on-chip and related technology for battery-powered devices. Its products are designed to help devices process data while using less energy, supporting applications that require extended battery life. The company’s offerings include Apollo microcontroller and system-on-chip products, along with software and development tools. Ambiq’s Subthreshold Power Optimized Technology (SPOT) is designed to reduce power consumption, including in devices that run artificial intelligence workloads at the edge.