Ambiq Micro reports Q2 EPS (43c), consensus (44c)

Reports Q2 revenue $17.9M, consensus $17.8M. “Our recently completed IPO represents the next chapter of Ambiq’s journey leading the edge AI revolution and bringing intelligence to edge devices,” commented Fumihide Esaka, CEO of Ambiq. “Second quarter net sales increased 13.6% sequentially, reflecting solid customer demand for our highly differentiated technology platform. Ambiq’s ultra-low power solutions have been incorporated into more than 280 million edge devices to-date, and we are well positioned to capitalize on the rapid growth of edge AI applications. One of our top priorities is the continued expansion of our technical innovation and product development roadmap. As evidence of our progress, we recently announced the expansion of our successful Apollo5 product family with the introduction of the Apollo510B wireless SoC. This solution integrates a low-power Bluetooth(R) radio, making it an ideal solution for always-on, connected edge devices. Looking ahead, our well-received IPO provides us with the additional capital necessary to accelerate our strategic initiatives that include broadening our customer base as well as penetrating new end markets and geographies in support of driving long-term profitable growth.”