Ambiq Micro reported record second quarter 2026 net sales of $33.9 million, a 90% year-over-year increase driven by accelerating demand for edge AI semiconductor solutions. Profitability metrics improved significantly, with non-GAAP gross margins expanding to 47.2% as the company navigates industry-wide supply constraints to support a doubling of sales projected for the second half of the year.
Key Highlights
- Record net sales of $33.9 million exceeded the analyst estimate of $31.5 million, marking the company's fifth consecutive quarter of growth.
- Non-GAAP gross margin reached 47.2%, a 450 basis point year-over-year expansion attributed to favorable product mix and manufacturing efficiencies.
- Third quarter guidance projects net sales between $36.0 million and $37.0 million, representing a potential sixth consecutive quarter of sequential top-line expansion.