Q1 2026 Ambiq Micro Inc Earnings Call Transcript

May 12, 2026 / 12:30 PM GMT

Release Date Price: $66.37 (+45.33%)

Transcript 10-Q8-K

Key Points

Positve

Ambiq Micro Inc (AMBQ) reported net sales of $25.1 million for Q1 2026, marking a 59.3% year-over-year increase.
The company is experiencing strong demand for its edge AI solutions, with more than 80% of units running AI algorithms.
Ambiq Micro Inc (AMBQ) is successfully diversifying its revenue stream, with its three largest customers accounting for a reduced percentage of sales compared to the previous year.
The company expects net sales to grow approximately 75% year-over-year in the second quarter, driven by strong end-user demand and new customer production.
Ambiq Micro Inc (AMBQ) has a strong financial position with no debt and $204.5 million in cash and cash equivalents, providing flexibility for strategic investments.

Negative

Non-GAAP gross margin decreased by 90 basis points year-over-year due to a non-recurring credit in Q1 2025.
The company reported a non-GAAP net loss of $5 million for the quarter, with a non-GAAP net loss per share of $0.25.
Operating expenses increased significantly, with non-GAAP R&D up 43.3% and SG&A expenses up 31.8% year-over-year.
Ambiq Micro Inc (AMBQ) anticipates continued pressure on gross margins due to industry-wide cost dynamics.
The company is not yet profitable and requires further revenue growth to reach profitability, with expectations for this milestone potentially being pushed to 2028.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AMBQ.N - Ambiq Micro Inc
Q1 2026 Ambiq Micro Inc Earnings Call
May 12, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, and welcome to AMBIC Micro First Quarter 2026 Earnings Conference Call. As a reminder, this conference call is being recorded. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press star 1 on your telephone keypad. To withdraw your question, please press star 1 again. I'd now like to turn the call over to Ms. Charlene Wan, AMBEC's Vice President of Corporate Marketing and Investor Relations. Charlene, please go ahead.

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Unidentified_2 [2]
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On today's call, AMBEC's CEO, Humi Asaka,

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