AMBQ

Ambiq Micro

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Technology

industry

Semiconductors

Exchange

NYSE

County of HQ

United States

Next Earnings Date

07/20/26

Business Summary

Ambiq Micro operates as a semiconductor designer, generating revenue by developing and selling specialized chips into electronics ecosystems where performance-per-watt and integration efficiency matter. In semiconductors, moat strength typically comes from proprietary architectures, design IP, and long customer qualification cycles that embed chips into devices for years. Cash generation, when functioning properly, flows from high gross margins on chip sales scaled across large production volumes, with incremental units carrying strong contribution margins. The durability of the model depends on maintaining technological differentiation and securing repeat design wins that convert R&D investment into recurring silicon shipments.

VALUATION

P/E

-

Market Cap ($M USD)

$612

Forward P/E

-

PEG

-

PRICE TO SALES

3.2

PRICE TO BOOK

3.8

EV / EBITDA

-14.6

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

-$4.57

Next Year EPS Growth Estimate

-$1.15

Next Year Revenue Growth Estimate

29.00%

Return on Equity (ROE)

-22.40%

Operating Margin

-54.50%

Debt-to-Equity

0

Piotroski F-Score

-

Altman Z-Score

14.5

Return on Invested Capital (ROIC)

-22.30%%

Current Ratio

8.8

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At a $612M market cap, AMBQ screens as a deeply distressed semiconductor name masquerading behind a pristine Altman Z-Score of 14.5 and a fortress-like 8.8 current ratio. The absence of a P/E and Forward P/E, paired with an EPS of -14.6 and expected EPS next year of -$4.57, makes it uninvestable on traditional growth-adjusted valuation frameworks, while a Price/Sales of 3.2 and Price/Book of 3.8 are hardly distressed multiples for a company posting a -22.40% operating margin and -22.30% ROIC. The balance sheet suggests solvency risk is low, but profitability risk is extreme, and the market appears to be pricing optionality rather than demonstrated earnings power. This is not a classic mispricing; it is a speculative turnaround with liquidity strength but no earnings credibility.

AI Exposure / Tech Reliance

As a Semiconductor company within the Technology sector, AMBQ operates in the core infrastructure layer that underpins AI, edge computing, and connected devices. However, with negative operating margins of -22.40%, the company is not currently translating industry relevance into economic value. Its resilience to AI-driven demand cycles will depend less on macro tailwinds and more on whether it can convert revenue into sustainable positive ROIC, which currently stands at -22.30%.

The Bull Case

A value or GARP investor could argue that the 14.5 Altman Z-Score and 8.8 current ratio signal an exceptionally strong liquidity and solvency profile relative to its $612M size, dramatically lowering bankruptcy risk. Return on Equity at 29.00% is strikingly strong despite negative EPS, suggesting capital structure dynamics are amplifying shareholder returns. With Institutional Ownership at 38.75% and a Consensus Rating of 1.70% alongside a 2.8 mean target price, there is evidence of measured institutional confidence. If operating leverage improves even modestly from the current -22.40% operating margin, the equity could re-rate sharply given its modest market capitalization and sector positioning.

The Bear Case

The bear case is far more straightforward: EPS of -14.6, expected EPS next year of -$4.57, and Sales Growth Next Year of -$1.15 paint a picture of a business still contracting or structurally unprofitable. A Price/Sales of 3.2 and Price/Book of 3.8 are aggressive for a company generating -22.30% ROIC, meaning capital is being destroyed rather than compounded. Debt/Equity at -54.50% reflects an unusual capital structure that may distort equity metrics like ROE, while the lack of a Forward P/E and PEG Forward eliminates any credible growth-adjusted valuation anchor. With no dividend, no yield, and no visible profitability inflection in the provided data, this remains a high-risk turnaround dependent on margin recovery that has yet to materialize.

Market Sentiment & Smart Money

Short Interest %

1.70%

Analyst Consensus

2.8

Average Analyst Price Target

$38.75

Institutional Ownership %

33.90%

1-Year Beta

2.77

Insider Buying % (6 Mo)

5.20%%

Distance to 52-Week High

55.70%%

Distance to 52-Week Low

130.30%%