Ambiq Micro Inc.
01/21/2026 | Press release | Distributed by Public on 01/21/2026 07:12
Business/Financial Results (Form 8-K)
| Item 2.02. |
Results of Operations and Financial Condition. |
On January 21, 2026, Ambiq Micro, Inc. ("Ambiq" or the "Company") disclosed the following selected preliminary estimated unaudited financial results for the year ended December 31, 2025:
| Year ended December 31, 2025 | ||||||||
| (Estimated) | ||||||||
| Low | High | |||||||
| (in thousands) | ||||||||
| (unaudited) | ||||||||
|
Net sales |
$ | 71,770 | $ | 72,470 | ||||
|
Net sales outside Mainland China |
$ | 65,331 | $ | 66,368 | ||||
|
Percentage of net sales outside of Mainland China |
91.0 | % | 91.6 | % | ||||
|
Net sales in Mainland China |
$ | 6,439 | $ | 6,102 | ||||
|
Percentage of net sales in Mainland China |
9.0 | % | 8.4 | % | ||||
|
Gross profit |
$ | 31,359 | $ | 31,667 | ||||
|
Gross margin |
43.7 | % | 43.7 | % | ||||
|
Non-GAAPgross profit(1) |
$ | 31,792 | $ | 32,300 | ||||
|
Non-GAAPgross margin |
44.3 | % | 44.6 | % | ||||
| (1) |
The Company uses non-GAAPgross profit and non-GAAPgross profit margin, both non-GAAPfinancial measures, to help it make strategic decisions, establish budgets and operational goals for managing its business, analyzing its financial results, and evaluating its performance. The Company believes these non-GAAPfinancial measures provide additional tools for investors to use in comparing the Company's core business and results of operations over multiple periods with other companies in its industry, many of which present similar non-GAAPfinancial measures to investors. However, the Company's presentation of non-GAAPgross profit and non-GAAPgross margin may not be comparable to similarly titled measures reported by other companies due to differences in the way that these measures are calculated. Non-GAAPgross profit and non-GAAPgross margin should not be considered as the sole measures of the Company's performance and should not be considered in isolation from, or as a substitute for gross profit or gross margin calculated in accordance with GAAP. The Company defines non-GAAPgross profit as gross profit adjusted to exclude expenses not directly attributable to gross profit, such as depreciation and amortization, gain on nonmonetary transaction, and stock-based compensation. The Company defines non-GAAPgross profit margin as non-GAAPgross profit as a percentage of net sales. For further information about the limitations of the use of non-GAAPfinancial measures, see the section titled "Management's Discussion and Analysis of Financial Condition and Results of Operations-Non-GAAPFinancial Measures" in the Company's Quarterly Report on Form 10-Qfor the quarter ended September 30, 2025, filed with the Securities and Exchange Commission ("SEC") on November 6, 2025. A reconciliation of the ranges presented above for preliminary Non-GAAPgross profit to gross profit, the most directly comparable financial measures stated in accordance with GAAP, is provided below. |
| Year ended December 31, 2025 | ||||||||
| (Estimated) | ||||||||
| Low | High | |||||||
| (in thousands) | ||||||||
| (unaudited) | ||||||||
|
Gross profit |
$ | 31,359 | $ | 31,667 | ||||
|
Add: |
||||||||
|
Depreciation and amortization |
$ | 1,856 | $ | 1,956 | ||||
|
Stock-based compensation |
$ | 177 | $ | 277 | ||||
|
Gain on nonmonetary transaction |
$ | (1,600 | ) | $ | (1,600 | ) | ||
|
Non-GAAPgross profit |
$ | 31,792 | $ | 32,300 | ||||
|
Gross margin |
43.7 | % | 43.7 | % | ||||
|
Non-GAAPgross margin |
44.3 | % | 44.6 | % | ||||
The Company has provided ranges, rather than specific amounts, because the Company's closing procedures for the year ended December 31, 2025 are not yet complete. These results are preliminary and subject to change, and there is a possibility that the Company's actual results may differ materially from these preliminary estimates. These ranges are based on the information available to the Company as of the date of this Current Report. These preliminary estimated results for the year ended December 31, 2025 are derived from the Company's preliminary internal financial records and are subject to revisions based on the Company's procedures and controls associated with the completion of the financial close process. These preliminary estimates have been prepared by, and are the responsibility of, management. The Company's independent registered public accounting firm, KPMG LLP, has not audited, reviewed, examined, compiled, nor applied agreed-upon procedures with respect to this preliminary estimated unaudited financial information. Accordingly, KPMG LLP does not express an opinion or any other form of assurance with respect thereto. It is possible that the Company or KPMG LLP may identify items that would require the Company to make adjustments to these preliminary estimates as the Company completes its audit and that the Company's actual results may differ materially from these preliminary estimates. Accordingly, these preliminary estimates should not be viewed as a substitute for audited financial statements prepared in accordance with generally accepted accounting principles in the United States and undue reliance should not be placed on these preliminary estimates. These preliminary estimates are not necessarily indicative of results for any future period.
The information set forth in this Item 2.02 shall be deemed "furnished" and not "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Ambiq Micro Inc. published this content on January 21, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on January 21, 2026 at 13:12 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]