Reports Q3 revenue $18.165M, consensus $17.76M. “Our third quarter results underscore the strength of our business and the growing demand for energy-efficient AI solutions at the edge. Our growth is accelerating with increased orders from existing customers, multiple design wins from new customers and growing Apollo5 production ramps,” said Fumihide Esaka, CEO of Ambiq. “Our fourth quarter guidance is well ahead of consensus expectations and would mark the strongest quarterly performance of the year. Looking ahead, we believe that 2025 represents the beginning of a much larger opportunity for Ambiq. Our energy-efficient solutions are enabling the next wave of edge AI innovation while positioning us for meaningful, sustainable growth.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMBQ:
- Ambiq Micro announces Apollo510 Lite System-on-Chip Series
- Ambiq Micro price target lowered to $32 from $40 at UBS
- Ambiq Micro Approves Executive Cash Bonuses and Stock Awards
- Ambiq Micro expands AI development support with neuralSPOT SDK V1.2.0 beta
- Ambiq Micro’s Earnings Call: Strategic Shifts and Future Prospects
