Ambiq Micro Q2 sales beat estimates on edge AI demand
AMBQ•Outlook for the third quarter
Ambiq Micro expects third-quarter net sales of $36.0 million to $37.0 million.
The company also sees third-quarter non-GAAP gross margin between 46.5% and 47.5% and non-GAAP net loss per share of ($0.20) to ($0.12).
Quarterly results and analyst coverage
The company reported second-quarter sales of $33.90 million, compared with consensus estimates of $31.51 million from six analysts.
It posted a second-quarter loss per share of $0.32, adjusted net loss of $1.77 million and gross profit of $15.27 million.
The current average analyst rating on the shares is buy, with 4 strong buy or buy ratings, 2 hold ratings and no sell or strong sell ratings. Wall Street's median 12-month price target for Ambiq Micro, Inc. is $70.00, about 9.5% above its August 10 closing price of .
