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Ambiq Micro, Inc.
(NYSE:AMBQ)
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Rating:55Neutral
Price Target:
$66.00
▼(-6.09% Downside)
Action:Reiterated
Date:08/11/26
AMBQ scores in the mid-range primarily because financial performance remains constrained by persistent losses, ongoing cash burn, and a sharp 2025 revenue decline, despite a very low-debt balance sheet and improving gross margins. The latest earnings call adds meaningful support via strong growth/margin guidance and a strengthened cash position, but technicals are currently weak (below key short-term averages with negative MACD) and valuation is less compelling due to negative earnings and no dividend yield.
Positive Factors
Strong balance sheet
A large cash balance and zero debt provide durable financial flexibility to fund capacity expansion, R&D and product ramps without immediate refinancing. This reduces solvency risk, supports multi-year product investments and allows the company to act on edge-AI demand even amid industry cycles.
Negative Factors
Persistent cash burn & losses
Repeated negative operating and free cash flow means the business is not yet self-funding; ongoing losses require continued use of capital to sustain operations. Over the medium term this raises dilution or financing risk if revenue growth or margin improvement stalls, weakening financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
A large cash balance and zero debt provide durable financial flexibility to fund capacity expansion, R&D and product ramps without immediate refinancing. This reduces solvency risk, supports multi-year product investments and allows the company to act on edge-AI demand even amid industry cycles.
Read all positive factors
Ambiq Micro, Inc. (AMBQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.59B
Dividend YieldN/A
Average Volume (3M)648.28K
Price to Earnings (P/E)―
Beta (1Y)2.46
Revenue Growth31.88%
EPS Growth5.50%
CountryUS
Employees201
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)-2.12
Shares Outstanding24,184,536
10 Day Avg. Volume413,409
30 Day Avg. Volume648,280
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)1.40
Price to Sales (P/S)3.14
P/FCF Ratio-8.38
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$88.20Price Target Upside25.50% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-1.09
Revenue Forecast (FY)$122.11M
Ambiq Micro, Inc. Business Overview & Revenue Model
Company Description
Ambiq Micro, Inc. specializes in designing highly energy-efficient integrated circuits, tailored specifically for applications where power consumption is a critical factor. The company leverages its advanced subthreshold power-optimized technology...
How the Company Makes Money
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Ambiq Micro, Inc. Earnings Call Summary
Earnings Call Date:Aug 11, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum with near-doubling revenue, materially improved gross profit and margins, robust product demand and a strengthened balance sheet from recent financings. These positives are tempered by industry-wide supply constraints that limit near-term revenue realization, ongoing net losses and elevated, recurring R&D/IP and SG&A spending to fund growth and product road maps. Management is optimistic about converting deferred demand as capacity expands and advancing a deep product pipeline.Positive Updates
Strong Revenue Growth
Net sales of $33.9M in Q2, up 89.7% year-over-year and ahead of guidance; fifth consecutive quarter of sequential growth; company expects Q3 revenue to grow ~100% year-over-year and full-year 2026 net sales of approximately $135M.
Negative Updates
Industry-Wide Supply Constraints
Company is increasingly supply constrained across wafers, packaging, substrates and testing; management expects available supply to limit near-term revenue, deferring demand despite strong orders and backlog; some customer preorder quantities were 3–5x expectations and could not be fulfilled immediately.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth
Net sales of $33.9M in Q2, up 89.7% year-over-year and ahead of guidance; fifth consecutive quarter of sequential growth; company expects Q3 revenue to grow ~100% year-over-year and full-year 2026 net sales of approximately $135M.
Read all positive updates
Company Guidance
Ambiq guided third-quarter net sales of $36.0–37.0 million (management said this implies roughly 100% YoY growth on current visibility), with non‑GAAP gross margin of 46.5%–47.5%, non‑GAAP operating expense of $24.0–25.0 million (including about $2.0 million of IP purchases), and non‑GAAP loss per share of $0.20–0.12 on a weighted average share count of ~24.17 million; for full‑year 2026 they expect approximately $135 million in net sales, roughly $85 million of full‑year non‑GAAP OpEx (including $7–10 million of IP purchases) and a modest year‑over‑year gross‑margin improvement, while noting the outlook is constrained by industry supply limits — context from Q2: net sales $33.9M (+89.7% YoY), non‑GAAP gross profit $16.0M (+109.3% YoY), 47.2% non‑GAAP gross margin, non‑GAAP R&D $11.2M, non‑GAAP SG&A $8.2M, non‑GAAP net loss $1.8M (loss per share $0.07 on 21.74M shares), and $366.8M cash (no debt, including ~$168M net proceeds from the June follow‑on; ~$243M raised year‑to‑date).Ambiq Micro, Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 97.87M | 72.51M | 76.07M | 65.54M | 91.01M | 50.97M |
| Gross Profit | 42.69M | 25.70M | 24.29M | 19.44M | 30.77M | 21.57M |
| EBITDA | -31.80M | -29.21M | -33.39M | -42.59M | -21.85M | -18.29M |
| Net Income | -36.97M | -36.46M | -39.66M | -50.33M | -25.34M | -25.22M |
Balance Sheet | ||||||
| Total Assets | 435.62M | 184.68M | 104.28M | 72.43M | 105.13M | 99.68M |
| Cash, Cash Equivalents and Short-Term Investments | 366.77M | 140.28M | 60.98M | 27.32M | 25.92M | 65.05M |
| Total Debt | 4.58M | 678.00K | 966.00K | 1.02M | 0.00 | 0.00 |
| Total Liabilities | 30.95M | 22.22M | 18.53M | 13.30M | 16.12M | 7.38M |
| Stockholders Equity | 404.67M | 162.46M | 85.75M | 59.13M | 89.01M | 92.30M |
Cash Flow | ||||||
| Free Cash Flow | -38.34M | -27.13M | -25.16M | -29.98M | -57.50M | -39.23M |
| Operating Cash Flow | -29.82M | -19.69M | -21.43M | -26.96M | -52.88M | -34.64M |
| Investing Cash Flow | -10.20M | -7.44M | -3.73M | -3.02M | -4.62M | -4.59M |
| Financing Cash Flow | 359.24M | 106.38M | 58.84M | 31.77M | 18.20M | 94.06M |
Ambiq Micro, Inc. Technical Analysis
Positive
70.28
Price Trends
28.15
Positive
Market Momentum
0.34
Negative
55.36
Neutral
29.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMBQ, the sentiment is Positive. The current price of 70.28 is above the 20-day moving average (MA) of 26.73, above the 50-day MA of 28.15, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 0.34 indicates Negative momentum. The RSI at 55.36 is Neutral, neither overbought nor oversold. The STOCH value of 29.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMBQ.
Ambiq Micro, Inc. Risk Analysis
Ambiq Micro, Inc. disclosed 58 risk factors in its most recent earnings report. Ambiq Micro, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ambiq Micro, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $58.86B | 19.69 | 28.05% | 1.51% | 8.77% | 39.24% | |
72 Outperform | $23.73B | 95.96 | 13.19% | ― | 28.36% | ― | |
65 Neutral | $7.30B | -184.77 | -3.59% | ― | 21.71% | 63.22% | |
64 Neutral | $43.14B | 107.65 | 6.90% | 2.31% | 20.93% | ― | |
63 Neutral | $10.48B | 35.96 | 5.04% | 4.72% | 0.06% | -22.93% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | $1.59B | -30.35 | -15.21% | ― | 31.88% | 5.50% |
* General Sector Average
AMBQ
Ambiq Micro, Inc.
64.34
26.55
70.26%
MTSI
MACOM Technology Solutions Holdings
307.06
181.66
144.86%
MCHP
Microchip
77.69
13.44
20.92%
NXPI
NXP Semiconductors
231.91
4.41
1.94%
SLAB
Silicon Laboratories
218.30
85.16
63.96%
SWKS
Skyworks Solutions
69.76
-3.19
-4.37%
Ambiq Micro, Inc. Corporate Events
Executive/Board ChangesShareholder Meetings
Ambiq Micro Stockholders Hold 2026 Annual Meeting, Elect Directors
Positive
Jun 8, 2026
Ambiq Micro, Inc. held its 2026 Annual Meeting of Stockholders on June 8, 2026, where shareholders elected two Class I directors, Timothy Chen and Ker Zhang, Ph.D., to serve on the board until the 2029 Annual Meeting or until their successors are ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.