Overview
- Ambiq Micro shares jumped to $59.51 Tuesday after the chipmaker beat forecasts with $25.1 million in Q1 revenue and a smaller $0.25 adjusted loss.
- The company projected second‑quarter sales of $31 million to $32 million, topping the $25.7 million Wall Street estimate.
- Executives tied the growth to edge AI, which runs algorithms on the device rather than the cloud, with over 80% of shipped units in the quarter using AI features.
- The SPOT ultra‑low‑power platform remained the core product push as Ambiq works to extend into more devices and customer markets.
- Ambiq is still losing money, and its CFO said breakeven would require about $47 million in quarterly revenue with a target of mid‑2028 or possibly late 2027.