Ambiq Micro (NYSE:AMBQ) Announces Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Ambiq Micro (NYSE:AMBQ) issued its earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.27, FiscalAI reports. Ambiq Micro had a negative return on equity of 11.85% and a negative net margin of 37.77%. The business had revenue of $38.14 million during 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 Price Performance

Shares of AMBQ opened at $47.26 on Wednesday. The firm has a market cap of $1.14 billion, a PE ratio of -22.18 and a beta of 5.66. The stock’s fifty day moving average price is $57.07 and its two-hundred day moving average price is $53.90. Ambiq Micro has a 1 year low of $22.12 and a 1 year high of $91.61.

Ambiq Micro News Roundup

Here are the key news stories impacting Ambiq Micro this week:

• Positive Sentiment: Third-quarter revenue rose 110% to $38.14 million, while the net loss narrowed. Ambiq reported a loss of $0.05 per share, better than the consensus estimate cited in the earnings report. Ambiq Micro’s Q3 Net Loss Narrows; Revenue Jumps
• Positive Sentiment: Fourth-quarter revenue guidance of $43.5 million to $44.5 million was above the approximately $39.6 million consensus, and the company projected about $140 million in 2026 net sales. Ambiq projects approximately $140M in 2026 net sales
• Negative Sentiment: Stifel lowered its price target from $85 to $70, and Needham cut its target from $85 to $65. Both firms kept Buy ratings, but the reductions may weigh on sentiment. Stifel Nicolaus recommendations Needham recommendations

Insider Transactions at Ambiq Micro

In other Ambiq Micro news, CEO Fumihide Esaka sold 50,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $63.36, for a total transaction of $3,168,000.00. Following the sale, the chief executive officer directly owned 460,460 shares of the company’s stock, valued at $29,174,745.60. This represents a 9.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Scott Hanson sold 27,500 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $59.80, for a total transaction of $1,644,500.00. Following the sale, the chief technology officer directly owned 221,226 shares in the company, valued at approximately $13,229,314.80. This trade represents a 11.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 331,887 shares of company stock worth $19,995,954. 10.00% of the stock is owned by company insiders.

Institutional Trading of Ambiq Micro

Several hedge funds and other institutional investors have recently modified their holdings of the business. Voya Investment Management LLC raised its holdings in Ambiq Micro by 8.6% during the 3rd quarter. Voya Investment Management LLC now owns 3,897 shares of the company’s stock valued at $266,000 after acquiring an additional 307 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Ambiq Micro in the third quarter worth $32,000. SBI Securities Co. Ltd. boosted its holdings in shares of Ambiq Micro by 27.0% in the third quarter. SBI Securities Co. Ltd. now owns 2,654 shares of the company’s stock worth $181,000 after acquiring an additional 564 shares during the period. Sterling Capital Management LLC grew its position in shares of Ambiq Micro by 953.8% in the third quarter. Sterling Capital Management LLC now owns 685 shares of the company’s stock valued at $47,000 after purchasing an additional 620 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in shares of Ambiq Micro by 244.6% in the first quarter. California State Teachers Retirement System now owns 989 shares of the company’s stock valued at $25,000 after purchasing an additional 702 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AMBQ shares. Stifel Nicolaus reduced their target price on shares of Ambiq Micro from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group cut their price target on shares of Ambiq Micro from $73.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, November 2nd. Northland Securities set a $81.00 price objective on shares of Ambiq Micro in a research report on Wednesday, August 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ambiq Micro in a research note on Friday, September 25th. Finally, Needham & Company LLC dropped their target price on shares of Ambiq Micro from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.71.

About Ambiq Micro

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.