AMBQ
Ambiq Micro, Inc.

Ambiq Micro, Inc.AMBQ

Technology · Semiconductors
38.56USD
+9.48%
Nov 08, 2026
AMBQ overview ready
Ultra-Low-Power Edge AI Microcontrollers for Battery-Powered Devices
Ambiq is a fabless, edge-focused semiconductor pure play supplying ultra-low-power microcontrollers and SoCs for battery-powered devices that need always-on sensing and local AI inference.
Primary theme is lagging
Edge AI & Embedded Processors is lagging (-14.1pp vs SPY over 21 sessions; 1 of 5 members ahead of SPY).
Price trend is broken
Longer-term context reads new trend, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash it currently generates.
Fundamentals not measured
Primary risk
Negative operating margins indicating ongoing losses.
Market Nov 6Filing Jun 30Price action Nov 7Research Oct 16

Conviction Level

PriceAction1.4BusinessPerformance7.0BusinessQuality—Valuation0.3ThemeMomentum1.0Improving — Revenue growth has accelerated across 4 consecutive quarters, rising from -10% to +90% year over year. Reported earnings improved faster than operating income, so most of the improvement did not come from operations. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−14.1pp
Theme return
−19.1%
Beating SPY
1 of 5
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads new trend, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$932.6M
Avg Volume (60D)
505.9K
60 sessions
Revenue Growth YoY
-4.7%
FY2025 vs FY2024
Gross Margin
+43.6%
Trailing twelve months
Operating Margin
-43.3%
Trailing twelve months
Free Cash Flow Yield
-3.0%
Distance from 200DMA
-28.4%
Next Earnings
2026-11-10
P/E
N/M
Market metrics as of Nov 6, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Improving

Revenue growth has accelerated across 4 consecutive quarters, rising from -10% to +90% year over year. Reported earnings improved faster than operating income, so most of the improvement did not come from operations.

Latest reported: Q2 FY2026, ended Jun 30
Revenue growthAccelerating
+90%
$33.9M in Q2 FY2026 · YoY
YoY growth, last 4 quarters
  1. -10%
  2. +2.0%
  3. +59%
  4. +90%
Earnings growthLoss narrowing
-$7.1M
Net income -$7.1M. Per-share figures are not comparable across a large share-count change.
Not enough comparable diluted EPS quarters for a YoY sequence.
Operating marginExpanding
-25.7%
+23.5 pp YoY · gross margin 45.0% (+4.9 pp)
Earnings improved more than operations did
The share count is rising

Business Quality

Not assessed

Not assessed yet — too few fiscal years of filings are on record.

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
Ambiq Micro, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash it currently generates.

What changed

  • AMBQ rose 9.5% in one session
    AMBQ closed +9.5% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
Ambiq is a fabless, edge-focused semiconductor pure play supplying ultra-low-power microcontrollers and SoCs for battery-powered devices that need always-on sensing and local AI inference. AMBQ has a specific and direct exposure to edge-AI deployment rather than a generic association with AI.
Opportunity
High opportunity
Adoption of on-device AI in battery- and energy-constrained endpoints is increasing demand for microcontrollers and systems-on-chip that combine local inference capability, always-on operation, and exceptionally low energy consumption.
Key risk
Negative operating margins indicating ongoing losses.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Semiconductors
What they do

Ambiq Micro, Inc. is a fabless semiconductor company that designs and sells ultra-low-power microcontrollers and system-on-chip solutions optimized for battery- and wireline-powered devices with local AI inference capabilities.

How it earns

The company generates revenue primarily through the sale of semiconductor products to device manufacturers and technology companies.

Products & services
Apollo family of ultra-low-power microcontrollers
Atomiq AI acceleration and memory innovation platform
Customers & end markets
Battery-powered device manufacturers
Technology companies deploying edge AI applications
Market position

Niche player specializing in ultra-low-power edge AI microcontrollers and SoCs.

Demand drivers
Medium cyclicality

Demand tied to semiconductor industry cycles and adoption rates of edge AI technology in consumer and industrial devices.

Peers

Companies validated as economically comparable to AMBQ — similar business, revenue model and scale.
PRICE ACTIONVALUATIONTHEME
Microchip Technology IncorporatedEarly Recovery — Failed ReclaimFair8.0HighUnavailableNot in RS poolLocked$58.35−10.02%
Ambarella, Inc.Damaged Structure — Distribution PressureExpensive8.0HighUnavailableNot in RS poolLocked$58.55+6.13%