Ambiq Micro, Inc. (NYSE: AMBQ) reported financial results for the third quarter of 2026, highlighting a significant increase in revenue driven by edge artificial intelligence demand. According to the company’s Form 8-K filing dated November 10, 2026, net sales for the quarter ended September 30, 2026, totaled $38,138,000. This represents a 110% year-over-year increase compared to $18,165,000 in the same period last year.
The filing details that this growth was supported by broad demand across customers, product families, and form factors. The company also noted that its active customer base expanded approximately 50% year-over-year, with seven customers generating more than $1 million in quarterly net sales, compared to only three in the prior year.
In terms of profitability, gross profit more than doubled year-over-year. GAAP gross profit increased 132.2% to $17,823,000, while non-GAAP gross profit increased 128.0% to $18,559,000. As a result, GAAP gross margin expanded to 46.7% and non-GAAP gross margin expanded to 48.7%.
Ambiq provided guidance for the fourth quarter of 2026. The company expects net sales to be within a range of $43.5 million to $44.5 million, reflecting accelerating demand for edge AI. Additionally, management anticipates non-GAAP operating expenses of $25.5 million to $26.5 million, driven by costs related to the Atomiq110 and Apollo340 tape-outs and other product development investments.
