Q2 2026 Amber International Holding Ltd Earnings Call Transcript
Key Points
- Revenue grew 39% sequentially to $13.9 million, with agentic revenue of $7.4 million exceeding expectations.
- Gross margin expanded significantly to 79.5% from 67.7%, driven by higher-margin agentic businesses.
- Operating income turned positive at $1 million, and adjusted EBITDA improved to $1.9 million from a loss.
- The company launched two AI agents (Embry and MIA) with strong early interest, leveraging existing domain expertise.
- Operating expenses remained flat at ~$10 million, demonstrating financial discipline and operating leverage.
- The company withdrew its financial guidance due to the strategic transition, creating uncertainty for investors.
- AMM's $3.5 million revenue is still in early stages, mostly from platform monetization rather than direct agent sales.
- The pivot to an AI agent company is a major strategic shift, with legacy business review potentially leading to divestitures.
- The company faces intense competition from large tech firms and model labs, though it claims a differentiated focus.
- The transition is still early, and the company has not yet provided a clear financial framework for the new business model.
Good morning and welcome to Amber International second quarter 2026 financial results. (Operator Instructions)
As a reminder, this conference is being recorded. It's now my pleasure to introduce your host AMBR's AI Ambassador, MIA. You may begin.
Good morning, and welcome to Amber International Holding Limited's second quarter 2026 earnings conference call. I am MIA, AMBR's official AI agent moderator for today's call. Before we begin, please note that today's discussion will contain forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected. For a more detailed discussion of these risks, please refer to the company's filings with the U.S. Securities and Exchange Commission, including our most recent annual report on Form 20-F.
Joining us on today's call are Michael Wu, Chairman of the Board and CEO; Vicki Wang, President; Yi Bao, Chief Operating Officer; Josephine
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