Ambiq Micro Q2 net loss narrows to US$7.1 million as edge AI sales surge
Despite the quarterly progress, net loss for the first half of 2026 widens to US$17.3 million
Ambiq Micro reported a narrower second-quarter net loss of US$7.1 million, or US$0.32 per share, in August 2026. This improvement followed an 89.7% surge in revenue, driven by accelerated demand for their edge AI chips. For the full half-year, the net loss expanded to US$17.3 million, compared to the previous half-year's US$16.8 million.
However, the company's top-line growth remained strong, with net sales rising 75.5% to US$59 million. Profitability metrics improved significantly, with gross profit more than doubling to US$15.3 million and the gross margin expanding by 490 basis points to 45%. The company attributed this margin gain to higher average selling prices as customers adopted its newer, higher-margin product lines.
However, operating costs continued to pressure the bottom line, with R&D expenses surging 58.9% to US$14.1 million and SG&A expenses rising 39.4% to US$9.9 million. Despite the challenges, Ambiq closed the quarter with US$366.8 million in cash reserves, bolstered by a successful follow-on offering that raised US$167.9 million.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
