Ambiq Micro, Inc. (AMBQ) AI Stock Analysis

• Market Cap: $610.56M
• Dividend Yield: N/A
• Average Volume (3M): 212.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.92
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 190
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.22
• Shares Outstanding: 18,313,187
• 10 Day Avg. Volume: 117,866
• 30 Day Avg. Volume: 212,105
• PEG Ratio: 0.35
• Price to Book (P/B): 6.09
• Price to Sales (P/S): 6.86
• P/FCF Ratio: -20.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $38.00
• Price Target Upside: 7.99% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: $33.00 ▼(-6.22% Downside)

The score is held back primarily by weak financial performance—persistent losses and negative operating cash flow—despite low leverage. Technicals are comparatively strong with an upward trend and positive momentum, while valuation is pressured by the negative P/E and lack of dividend support. The board appointment is a mild positive but secondary to fundamentals and price action.

Positive Factors

Low leverage / strong equity position

Low leverage and a strong equity base give Ambiq durable financial flexibility. With minimal debt, the firm can fund R&D, product launches and partnerships without heavy interest burdens, providing runway to scale its ultra-low-power technology even amid operating losses.

Sustained revenue growth

A 16% top-line increase reflects expanding product adoption across IoT, wearables and industrial customers. Sustained revenue growth supports absorption of fixed costs, creates leverage for margin improvement and underpins a path to profitability if operational efficiencies follow.

Strategic edge-AI product expansion (Atomiq SoC)

Launching Atomiq and showcasing an edge AI ecosystem is a structural move into higher-value markets. It leverages Ambiq’s low-power IP to address growing demand for always-on inference in AR, wearables and industrial automation, expanding TAM and strengthening product differentiation long-term.

Negative Factors

Persistent negative profitability

Ongoing negative net, EBIT and EBITDA margins indicate the business is not yet operationally profitable. Over months this depletes capital, limits reinvestment ability, and increases dependence on external funding or dilution, making sustained profitability a central execution risk.

Negative operating cash flow

Negative operating cash flow despite some free cash flow improvement signals the company relies on financing to fund operations. This constrains capital available for R&D and commercialization, raises liquidity risk, and can hamper timely scaling of new product deployments.

Negative return on equity

A negative ROE shows the company’s equity base isn’t generating positive returns, reflecting structural profitability challenges. This reduces investor confidence, limits access to capital on favorable terms, and pressures long-term strategic options and shareholder value creation.

Ambiq Micro, Inc. Business Overview & Revenue Model

Company Description

Ambiq Micro, Inc. develops ultra-low-power integrated circuits for power-sensitive applications. It develops subthreshold power-optimized technology based on ultra-low-power real-time clock and microcontroller products for application in wearables, smart cards, wireless sensors, and Internet-of-Things (IoT) products. The company's flagship products include Apollo, a system on a chip for edge AI devices with host processors capable of software-based AI computations and Atomiq, targeting AI applications to provide AI acceleration along with new memory innovations. The company also offers technical support services. It offers products through sales representatives. Ambiq Micro, Inc. was formerly known as Cubiq Microchip, Inc. and changed its name to Ambiq Micro, Inc. in October 2012. The company was incorporated in 2010 and is based in Austin, Texas with additional offices in Shanghai and Shenzhen, China; Hsinchu, Taiwan; and Singapore.

How the Company Makes Money

Ambiq Micro generates revenue primarily through the sales of its semiconductor products, including microcontrollers and wireless chips, to manufacturers in various industries. The company benefits from a diverse revenue model that includes direct sales to original equipment manufacturers (OEMs) and partnerships with distributors. Key revenue streams come from licensing agreements, royalties from intellectual property, and customized solutions for specific applications that cater to clients' unique needs. Significant partnerships with major technology firms and integration into popular consumer devices further enhance Ambiq's market reach and contribute to its earnings.

Ambiq Micro, Inc. Financial Statement Overview

Summary

Ambiq Micro, Inc. shows revenue growth but struggles with profitability and cash flow. Despite a strong equity position, negative margins and cash flow issues indicate operational inefficiencies.

Income Statement

Ambiq Micro, Inc. has shown some improvement in revenue growth with a 16% increase in the latest year. However, the company continues to face challenges with profitability, as evidenced by negative net profit margins and EBIT margins. The gross profit margin has slightly improved but remains below industry averages. The consistent negative EBIT and EBITDA margins indicate ongoing operational inefficiencies.

Balance Sheet

The company maintains a strong equity position with a low debt-to-equity ratio, indicating minimal leverage risk. However, the return on equity remains negative, reflecting ongoing losses. The equity ratio is healthy, suggesting a solid asset base relative to equity. Despite these strengths, the negative ROE highlights profitability challenges.

Cash Flow

Ambiq Micro, Inc. has shown some improvement in free cash flow growth, but operating cash flow remains negative, indicating cash flow challenges. The free cash flow to net income ratio is positive, suggesting that cash flow generation relative to net income is somewhat stable. However, the negative operating cash flow to net income ratio highlights ongoing cash flow management issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	51.77M	76.07M	65.54M	91.01M	50.97M
Gross Profit	23.24M	24.29M	19.44M	30.77M	21.57M
EBITDA	-20.97M	-34.37M	-43.61M	-21.85M	-18.29M
Net Income	-25.78M	-39.66M	-50.33M	-25.34M	-25.22M
Balance Sheet
Total Assets	186.73M	104.28M	72.43M	105.13M	99.68M
Cash, Cash Equivalents and Short-Term Investments	146.49M	60.98M	27.32M	25.92M	65.05M
Total Debt	771.00K	966.00K	1.02M	0.00	0.00
Total Liabilities	16.94M	18.53M	13.30M	16.12M	7.38M
Stockholders Equity	169.79M	85.75M	59.13M	89.01M	92.30M
Cash Flow
Free Cash Flow	-19.43M	-25.16M	-29.98M	-57.50M	-39.23M
Operating Cash Flow	-15.58M	-21.43M	-26.96M	-52.88M	-34.64M
Investing Cash Flow	-4.85M	-3.73M	-3.02M	-4.62M	-4.59M
Financing Cash Flow	105.90M	58.84M	31.77M	18.20M	94.06M

Ambiq Micro, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NXPI	70 Neutral	$60.69B	29.62	21.19%	1.79%	-6.81%	-23.16%
SLAB	68 Neutral	$4.80B	-54.90	-8.00%	―	47.10%	64.29%
SWKS	63 Neutral	$9.02B	19.56	7.89%	4.37%	-2.18%	-16.84%
MCHP	62 Neutral	$40.65B	-162.51	-2.85%	2.79%	-23.36%	-131.15%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AMBQ	55 Neutral	$610.56M	-17.84	―	―	―	―
MTSI	55 Neutral	$13.10B	-243.74	-4.42%	―	32.58%	-173.04%

Ambiq Micro, Inc. Corporate Events

Ambiq Micro Appoints Bernard Banks to Expanded Board

Effective January 5, 2026, Ambiq Micro, Inc. expanded its board of directors from six to seven members and appointed leadership expert Dr. Bernard B. Banks as a Class III director, with a term running until the 2028 annual meeting of stockholders, and as a member of the board’s Audit Committee. Banks, currently Director of Rice University’s Doerr Institute for New Leaders and a former U.S. Army Brigadier General with extensive academic and leadership credentials, will receive standard non‑employee director compensation, has entered into the same form of indemnification agreement as existing directors, and joins the board without any family ties, appointment arrangements, or related‑party transactions with the company.

The most recent analyst rating on (AMBQ) stock is a Hold with a $32.00 price target. To see the full list of analyst forecasts on Ambiq Micro, Inc. stock, see the AMBQ Stock Forecast page.