Ambiq Expects Fourth-Quarter Sequential Sales Growth

The Tip Desk · November 12, 2026 · 2 min read

Third-quarter net sales reached $38.14 million, up 110% from a year earlier, and the company now expects $43.5 million to $44.5 million in the quarter ending December 31.

Ambiq Micro, Inc. (AMBQ), an ultra-low-power semiconductor company for edge AI, reported third-quarter net sales of $38.14 million, up 110.0% from $18.17 million a year earlier. Year-over-year growth accelerated from 89.7% in the second quarter. Sequential sales rose 12.5%, a slower pace than the 35.3% increase in the prior quarter, marking a sixth consecutive quarter of sequential growth.

The company said the year-over-year increase was driven by demand across customers, product families and form factors. Chief executive Fumihide Esaka said the sequential gain was supported by customer demand and supply-chain partnerships that allowed Ambiq to secure capacity.

GAAP gross profit was $17.82 million, up 132.2% from $7.68 million a year earlier, outpacing the sales increase. GAAP gross margin was 46.7%, 440 basis points above the year-ago 42.3%. Non-GAAP gross margin was 48.7%, 390 basis points above 44.8% a year earlier.

GAAP operating expense was $27.85 million, up 57.2% from $17.72 million a year earlier, slower than the sales increase. GAAP net loss narrowed to $7.06 million, or $0.29 a share, from $9.00 million, or $0.72 a share, a year earlier. Non-GAAP net loss was $1.22 million, or $0.05 a share, compared with $3.98 million, or $0.22 a share, a year earlier.

The active customer base expanded approximately 50% year-over-year. Seven customers generated more than $1 million each in quarterly net sales, compared with three in the same quarter last year. Ambiq introduced heliaPROFILER and heliaAOT 1.0, which it described as the seventh AI software product launch or major release in 2026.

Cash and cash equivalents were $363.45 million at September 30, 2026. Inventories were $30.05 million.

For the quarter ending December 31, 2026, Ambiq expects net sales of $43.5 million to $44.5 million, which the company said reflects accelerating demand for edge AI. That range is a further sequential step-up from the $36.0 million to $37.0 million third-quarter outlook issued in August. Non-GAAP gross margin is expected to be approximately flat to the 48.7% third-quarter level, with manufacturing efficiencies and product mix offsetting increased supply-chain cost pressure. Non-GAAP operating expense is guided at $25.5 million to $26.5 million, reflecting Atomiq110 and Apollo340 tape-out costs and other product-development investments. Non-GAAP net loss per share is expected to be ($0.09) to ($0.03) on a weighted-average share count of 24.6 million.

Esaka said the company expects a meaningful step-up in fourth-quarter net sales and another year of strong growth in 2027, and that it believes it is still in the early stages of a multi-year shift toward greater intelligence at the edge.