Ambiq Micro, Inc. (AMBQ) AI Stock Analysis

Ambiq Micro, Inc. provides ultra-low-power semiconductor solutions in the United States, Europe, Asia, and internationally. It develops the sub-threshold power-optimized technology (SPOT) platform designed to reduce power consumption for battery- and wireline-powered devices. Flagship offerings include the Apollo product family, which pairs peripheral sets with host processors for software-based or vector-accelerated AI computations, and Atomiq for AI acceleration with memory innovations. The company also provides the AmbiqSuite Software Development Kit, software modules such as graphiqSPOT, blueSPOT, and secureSPOT, and AI enablement software. Ambiq serves markets such as smartwatches, AR/VR glasses, digital health monitors, and factory automation through direct sales, distributors, and sales representatives.

Annual revenue rose from $51.0M in FY2020 to $91.0M in FY2021, before declining to $65.5M in FY2023. Revenue subsequently grew 16.1% to $76.1M in FY2024 and fell 4.7% to $72.5M in FY2025, generating a 4-year revenue CAGR of 9.2% from FY2020 to FY2025. Gross margin expanded to 35.4% in FY2025, up from 31.9% in FY2024 and 29.7% in FY2023. Operating margin was -56.7% in FY2025, while net income was -$36.5M. For the trailing twelve months, revenue reached $97.9M with an operating margin of -25.7% and a profit margin of -37.8%. In the latest quarter ended June 30, 2026, quarterly revenue growth accelerated to 89.7% year-over-year.

As of June 30, 2026, Ambiq Micro reported $366.8M in cash and short-term investments alongside total debt of $4.6M, resulting in net cash of $362.2M. Total assets stood at $435.6M against shareholders' equity of $404.7M. The balance sheet shows a current ratio of 15.95 and a debt-to-equity ratio of 0.01. In FY2025, operating cash flow was -$19.7M, free cash flow was -$27.1M, and capital expenditures totaled $7.4M.

Ambiq Micro trades at a price-to-sales multiple of 12.3x and an enterprise value to revenue multiple of 11.7x, based on a market cap of $1.21B and an enterprise value of $1.31B. Its price-to-sales multiple trades above the 2.8x median of its US-listed Technology peers. Over the past year, AMBQ stock gained 69.5%, outperforming the S&P 500 (SPY) return of 16.8%, and has returned 75.0% year-to-date. At its last close of $49.88 on October 16, 2026, the stock traded 5.4% below its 200-day average.

Wall Street coverage consists of 4 Strong Buy, 1 Buy, and 2 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target is $87.71, representing 75.9% upside from the last close of $49.88. Analysts project FY2026 revenue of $135.2M with EPS of -$0.54. For the next fiscal year, 7 analysts project revenue of $178.4M and EPS of -$0.22. Ambiq beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 5, 2026.

This page is an AI-written research summary of Ambiq Micro, Inc. (AMBQ). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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