Logo

AMBQ

Ambiq Micro, Inc.

AMBQ

Ambiq Micro, Inc. • NYSE
$24.51 ▲ 1.79% (+0.43)
Market Cap $448.86 M
52w High $51.76
52w Low $22.12
Dividend Yield 0%
P/E -12.44
Volume 42.15K
Outstanding Shares 18.31M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $18.165M ▲ $17.72M ▲ $-9.002M ▼ -49.557% ▼ $-0.72 ▼ $-7.245M ▼
Q2-2025 $17.873M ▲ $15.967M ▼ $-8.496M ▼ -47.535% ▲ $-0.48 ▲ $-6.944M ▼
Q1-2025 $15.732M ▼ $17.13M ▼ $-8.284M ▲ -52.657% ▼ $-0.61 ▲ $-6.78M ▲
Q2-2024 $20.252M ▲ $17.374M ▲ $-10.633M ▼ -52.503% ▲ $-0.93 ▼ $-9.351M ▼
Q1-2024 $15.21M $15.424M $-9.399M -61.795% $-0.72 $-7.633M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $146.49M ▲ $186.727M ▲ $16.94M ▼ $169.787M ▲
Q2-2025 $47.505M ▼ $89.163M ▼ $18.324M ▼ $70.839M ▼
Q1-2025 $61.418M $99.295M $20.862M $78.433M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-9.002M ▼ $-5.028M ▲ $-1.708M ▲ $105.723M ▲ $98.985M ▲ $-5.736M ▲
Q2-2025 $-8.496M ▼ $-11.955M ▼ $-2.025M ▼ $27K ▼ $-13.913M ▼ $-13.98M ▼
Q1-2025 $-8.284M ▲ $1.406M ▲ $-1.116M ▼ $148K ▼ $437K ▼ $290K ▲
Q2-2024 $-10.633M ▼ $-2.237M ▲ $-1.033M ▼ $43.638M ▲ $40.361M ▲ $-3.27M ▲
Q1-2024 $-9.399M $-2.857M $-685K $8.151M $4.591M $-3.542M

Five-Year Company Overview

Income Statement

Income Statement Ambiq is still in an early, sub‑scale phase. Revenue is modest and has moved around rather than showing a clear, steady growth trend. Gross profit is positive, so products appear to be priced above their direct costs, but the margin is thin. Operating expenses, especially for engineering and growth, are well above gross profit, leading to recurring operating losses and negative net income every year. Losses have narrowed a bit most recently, but the business is still far from break-even and very dependent on future scale and adoption to absorb its fixed costs.

Balance Sheet

Balance Sheet The balance sheet is light but relatively clean. The company holds a meaningful portion of its assets in cash and reports no financial debt, which reduces financial risk but also highlights reliance on equity funding. Equity is positive, suggesting past losses have not yet eroded the capital base. Overall, the balance sheet looks typical for a small, R&D‑heavy semiconductor designer: asset‑light, cash reliant, and with room but not unlimited capacity to absorb further losses before additional funding might be needed.

Cash Flow

Cash Flow Ambiq is consistently burning cash. Operating cash flow has been negative throughout the period, though the outflow has eased somewhat in the most recent year. Free cash flow is also negative, but capital spending appears light, so the main driver of cash burn is operating losses rather than heavy factory investments. This pattern is common for fabless chip designers but means the company’s runway depends on its cash balance and ongoing access to capital until it can scale revenue and move closer to cash breakeven.

Competitive Edge

Competitive Edge Competitively, Ambiq occupies a focused niche: ultra‑low‑power chips and software aimed at running AI directly on devices like wearables, IoT sensors, and emerging automotive and medical endpoints. Its SPOT technology and related patents give it a technical edge in power efficiency, which is a critical need in battery‑powered devices. Pre‑IPO relationships with well‑known consumer and tech brands suggest its solutions are proven in real products. However, the company operates in a fiercely competitive landscape with large, well‑funded semiconductor players. Its advantage rests on staying ahead in ultra‑low‑power design, deepening customer relationships, and demonstrating that its specialized approach can scale across new markets, not just a handful of flagship design wins.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of Ambiq’s strategy. The company has invested heavily in its SPOT platform, its Apollo chip families, and an expanding software ecosystem that includes AI toolkits and optimized runtimes. This combination of custom silicon plus software support is designed to make it easier for customers to put AI on very constrained devices, creating a “full‑stack” experience. The roadmap includes new chip lines and a move into IP licensing, which could spread its technology into other vendors’ products. The flip side is that this R&D intensity contributes to ongoing losses, and success depends on Ambiq turning its strong technical story into broader, sustained commercial adoption across wearables, IoT, automotive, industrial, and healthcare applications.

Summary

Ambiq is a small, specialized semiconductor company built around ultra‑low‑power edge AI technology. Financially, it is still in a development stage: revenue is modest and uneven, margins are thin, and the company runs recurring losses and negative cash flow, funded by its equity base and cash reserves. The balance sheet is simple and debt‑free but leaves limited room for prolonged heavy cash burn without additional funding. Strategically, Ambiq’s patented technology, strong focus on power efficiency, and growing software and IP ecosystem give it a differentiated position in attractive long‑term markets. The key uncertainties are whether it can convert this technical differentiation into durable, diversified revenue growth fast enough to reach scale, manage customer and market concentration risks, and compete effectively with much larger semiconductor rivals while maintaining its innovation pace.

NEWS

November 6, 2025 · 4:15 PM UTC

Ambiq Reports Third Quarter 2025 Financial Results

Read more

October 9, 2025 · 9:30 AM UTC

Ambiq's SPOT Platform Named One of TIME's Best Inventions of 2025

Read more

September 23, 2025 · 9:00 AM UTC

Ambiq Expands AI Development Support with neuralSPOT SDK V1.2.0 Beta for Apollo510 and Apollo510B

Read more