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Ambiq Micro, Inc.AMBQCompetitor analysis, valuation and peers

United States · USD·Information Technology›Semiconductors

Makes ultra-low-power microcontroller and SoC chips for wearables and edge-AI devices using its own low-voltage technology.

Momentum laggard 12
Mkt cap
$933M
US dollars, full cap
Free float
83%
of shares outstanding
$/day
$20.1M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-98.6 pp
WACC 19.8%
Hurdle
n/a
no reverse DCF
Next earnings
4 days
10 Nov 2026
Close · USD$38.56
1D+9.5%
1W-19.3%
1M-34.5%
3M-39.7%
6M-12.7%
YTD+35.3%
1Y+35.7%
ATR %10.3%
Beta3.06
52w lowhigh57.9% off high

What Ambiq Micro does

Makes ultra-low-power microcontroller and SoC chips for wearables and edge-AI devices using its own low-voltage technology.

Designs its low-power chips but has outside foundries make them (fabless), then sells them to makers of watches, bands and other wearables, where a chip designed into a product generation is bought for that product's whole run. A small number of big device makers account for much of its sales, so a lost or won design matters.

Products and services

  • Low-power microcontrollers (Apollo series)
  • Edge-AI SoCs

Customers

  • Wearable device makers
  • IoT/edge-AI device makers

Where it sits in the supply chain

  • Information technology
  • Semiconductors
  • Ultra-low-power microcontrollers/SoCs

What could go right

  • Wearable/edge-AI device unit growth

What could go wrong

  • Small-scale versus large incumbent chipmakers
  • Customer concentration risk

Moat: narrow (IP / patents, process know-how). Proprietary sub-threshold voltage technology gives a claimed power-efficiency edge over rivals.

Headquarters: Austin, Texas, US · Founded: 2010 · Employees: 202

Named competitors

Ambiq Micro at a glance

Size Ambiq Micro (AMBQ) is a United States Information Technology company (Semiconductors) with a market value of $933M, the 2293rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $38.56 on 6 Nov 2026.

Performance Over six months the shares fell 12.7%, against -27.3% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 31.9% over the last twelve months (peer median +11.2%); the operating margin is -43.3% (peer median 1.9%).

Valuation It trades at 5.8× enterprise value to sales against a peer median of 5.8× (10th most expensive of 21).

Capital Return on invested capital runs 98.6 points below its cost of capital (19.8% WACC).

Short interest Short interest is 11.0% of the free float (15 Oct 2026).

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

10015020011 May 202611 Aug 20266 Nov 2026AMBQ 84Peer median 73
Six months, rebased to 100: Ambiq Micro against the median of its 20 peers (local-currency closes).

Ambiq Micro financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2021
Revenue$97.9M$72.5M$76.1M$65.5M$91.0M
Revenue growth—-5%+16%-28%—
Gross profit$42.7M$25.7M$18.0M$15.0M$30.5M
EBITDA-$35.5M-$33.9M-$35.3M-$41.9M-$21.9M
Net income-$37.0M-$36.5M-$39.7M-$50.3M-$25.3M
Free cash flow-$31.5M-$21.0M-$22.1M-$27.4M-$57.5M
Capital expenditure$10.2M$7.44M$3.73M$3.02M$4.62M
Total debt$4.58M$678,000$966,000$1.02M$0

Quarterly statements and history in the cockpit →

Ambiq Micro competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-40%-20%0%688381496660077000054168823060368580160021040029920984606881353576688261AIP23882458300042301647726116AMBQ6-month return →1-month return →
Up and to the right = strong over both horizons. Ambiq Micro is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%5×10×688381496660077000054168823060368580160021040029920984606881353576688261AIP238830004230164772AMBQRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Ambiq Micro is the large dot.

Ambiq Micro competitors and peer comparison

Head to head with its named competitors (AMBQ vs STM vs NOD.OL vs SLAB)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Ambiq Micro AMBQ$933M-13%+32%-43%5.8×n/a
STM STM$41.0B-29%+16%7%2.9×38.6%
Nordic Semiconductor NOD.OL$3.62B-12%+15%8%4.1×n/a
Silicon Laboratories SLAB$7.39B+2%+22%-3%8.2×n/a
Renesas Electronics 6723.T$27.9B-23%+26%24%3.1×12.2%

How Ambiq Micro compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Ambiq Micro against its 20 peers (data as of 6 Nov 2026)
MeasureAMBQPeer medianRank in peer set
1-month return-34.5%-19.0%3rd lowest of 21
6-month return-12.7%-27.3%6th highest of 21
Distance from 52-week high-57.9%-45.2%5th lowest of 21
Revenue growth (TTM)+31.9%+11.2%6th highest of 21
Operating margin-43.3%1.9%4th lowest of 21
EV / Sales5.8×5.8×10th most expensive of 21
ROIC minus cost of capital-98.6 pp-2.5 pplowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Ambiq Micro AMBQUnited States$933M-13%+32%-43%5.8×n/an/a
Dioo Microcircuits Co., Ltd. Jiangsu 688381.SSChina$948M-15%-18%-46%11.1×n/an/a
Parade Technologies 4966.TWOTaiwan$915M-31%-3%14%1.9×3.8%+1.6%
Jiangsu Zongyi 600770.SSChina$961M-35%+64%-4%9.7×43.6%+4.7%
Foshan Electrical and Lighting 000541.SZChina$967M-8%-3%-2%1.1×n/an/a
Shanghai Prisemi Electronics 688230.SSChina$970M-23%+31%19%8.7×31.1%+1.3%
Zhejiang Chenfeng Science and Technology 603685.SSChina$896M-28%-14%4%6.9×n/an/a
Sitronix Technology 8016.TWTaiwan$894M+5%+18%13%1.0×-9.1%+6.6%
Hengbao 002104.SZChina$977M-35%-17%-9%8.0×n/an/a
Shenzhen Baoming Technology 002992.SZChina$887M-38%-20%-1%5.8×n/an/a
Koh Young Technology 098460.KSSouth Korea$987M-49%+57%15%4.0×20.5%+5.3%
Guangdong Leadyo IC Testing 688135.SSChina$990M-23%+28%6%9.9×n/an/a
United Renewable Energy 3576.TWTaiwan$876M+15%-43%-62%12.2×n/an/a
Suzhou Oriental Semiconductor 688261.SSChina$994M-27%+18%0%3.5×n/an/a
Arteris AIPUnited States$875M-44%+34%-44%9.0×55.4%+17.3%
VIA Technologies 2388.TWTaiwan$874M-35%-3%-12%2.5×17.9%+8.0%
ELAN Microelectronics 2458.TWTaiwan$996M-18%-8%21%2.9×-2.8%-4.0%
Netac Technology 300042.SZChina$872M-44%+103%10%2.7×n/an/a
Episil-Precision 3016.TWTaiwan$865M-10%+30%14%5.8×40.5%-0.7%
Taiwan Speciality Chemicals 4772.TWOTaiwan$862M-38%+164%40%7.8×11.0%+36.7%
Hannstar Display 6116.TWTaiwan$1.01B+43%+4%-25%2.6×14.9%-10.2%

Questions

Who are Ambiq Micro's main competitors?
Named competitors: STMicroelectronics (STM), Nordic Semiconductor (NOD.OL), Silicon Labs (SLAB), Renesas Electronics (6723.T). The cockpit's measured peer set (industry) also includes Dioo Microcircuits Co., Ltd. Jiangsu (688381.SS), Parade Technologies (4966.TWO), Jiangsu Zongyi (600770.SS), Foshan Electrical and Lighting (000541.SZ), Shanghai Prisemi Electronics (688230.SS), Zhejiang Chenfeng Science and Technology (603685.SS).
Is Ambiq Micro expensive compared with its peers?
On ev / sales it trades at 5.8× against a peer median of 5.8×, 10th most expensive of 21 in its peer set.
How has Ambiq Micro stock performed?
Over six months to 6 Nov 2026 the shares returned -12.7% against -27.3% for the median peer; over one year +35.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.