The strong beat-and-raise quarter with accelerating revenue growth and improving margins should drive significant upside. Watch for continued customer diversification and the ramp of the 12nm Atomiq SoC platform. The Q2 guidance midpoint of $31.5M implies a sequential acceleration that, if sustained, could drive further upward revisions.
Price Chart
Executive Summary
Ambiq Micro reported Q1 2026 net sales of $25.06M, up 59.3% YoY and above the $21.5M consensus, driven by accelerating edge AI demand. GAAP net loss per share was -$0.50, while non-GAAP net loss per share was -$0.25, beating the Street consensus of -$0.52. The company guided Q2 net sales to $31.0M-$32.0M, implying ~50% YoY growth at the midpoint, signaling strong momentum.
Key Financial Metrics
Key Facts
- Q1 2026 net sales $25.06M, +59.3% YoY from $15.73M, above $21.5M consensus
- GAAP net loss per share -$0.50; non-GAAP net loss per share -$0.25 vs Street consensus -$0.52
- Q2 2026 guidance: net sales $31.0M-$32.0M, implying ~50% YoY growth at midpoint
- Non-GAAP gross margin 46.2%, up 0.7 pts QoQ from 45.5%
- Cash and cash equivalents $204.5M, up from $140.3M at year-end 2025
- Top 3 customers accounted for ~71% of net sales, down from 86% in Q1 2025, indicating diversification
Financial Impact
Revenue beat consensus by ~16.6% ($25.06M vs $21.5M); EPS beat Street consensus by ~51.9% (-$0.25 vs -$0.52)
Risk Factors
- GAAP gross margin compressed 9.8 pts YoY to 43.5% (though non-GAAP was nearly flat at 46.2%)
- Operating expenses grew 31.8% YoY, outpacing gross profit growth of 29.8%
- Customer concentration remains high at 71% from top 3 customers
- Company remains unprofitable on both GAAP and non-GAAP basis
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-218189 |
| Document: ambq-20260512.htm | 0001193125-26-218189 |
| Document: 0001193125-26-218189-index-headers.html | 0001193125-26-218189 |
| Document: 0001193125-26-218189-index.html | 0001193125-26-218189 |
| Document: 0001193125-26-218189.txt | 0001193125-26-218189 |
| 8-K Data (Synthetic) | 0001193125-26-218189 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $54.67 | awaiting T+20 | — | $54.67 (−0.00%) |
Oct 16, 2026 11d ago | Insider Cluster | $49.62 | awaiting T+20 | — | $54.67 (−10.18%) |
Sep 17, 2026 5w ago | Insider Cluster | $65.46 $49.88 | ▲ +23.80% | ▲ +24.01% | $54.67 (+16.48%) |
Sep 15, 2026 6w ago | Insider Cluster | $59.90 $51.55 | ▲ +13.94% | ▲ +16.00% | $54.67 (+8.73%) |
Sep 9, 2026 6w ago | Insider Cluster | $60.66 $58.90 | ▼ −2.90% | ▼ −5.28% | $54.67 (−9.87%) |
Sep 2, 2026 7w ago | Insider Cluster | $56.43 $68.18 | ▲ +20.82% | ▲ +22.01% | $54.67 (−3.12%) |
Aug 18, 2026 10w ago | Insider Cluster | $59.19 $62.35 | ▲ +5.34% | ▲ +6.18% | $54.67 (−7.64%) |
Aug 15, 2026 10w ago | Institutional Cluster | $67.86 $60.85 | ▼ −10.33% | ▼ −8.35% | $54.67 (−19.44%) |
Aug 11, 2026 11w ago | 8-K | $65.29 $63.77 | ▼ −2.33% | ▼ −1.27% | $54.67 (−16.27%) |
Jul 30, 2026 12w ago | 8-K | $63.23 $60.09 | ▼ −4.97% | ▼ −8.93% | $54.67 (−13.54%) |
US Market Status
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