AMBQ Q3 FY26 earnings call: key takeaways

• AMBQ reported a non-GAAP net loss of $1.2 million for Q3, with revenue of $38.1 million, exceeding the revenue consensus of $36.6 million (1:23)
• The company raised its full-year sales guidance to $140 million, up from an initial target of over $100 million (5:10)

Results vs expectations

What changed since last quarter

• The full-year sales guidance was raised to $140 million from over $100 million. (5:10)
• The company expects non-GAAP gross margin to be roughly flat with Q3 despite supply chain cost pressures. (3:10)
• The CFO indicated that some OPEX spending shifted from Q3 to Q4, with variable costs like IP and tape out expenses driving the increase. (9:26)

Guidance

What analysts pressed on

• Whether 4Q is still supply limited and how much demand is carried into 2027. (6:56)
• How the company plans to manage OPEX in 2027, especially with product ramps like Atomic 110 and Apollo 340. (9:26)
• The potential contribution of AI models to revenue and how it will be measured. (12:42)

In their words

• We have strong momentum across the business and remain focused on delivering for our customers. WhoMe (5:48)
• We believe that we have been able to work with our supply chain partners to provide a product they need within a certain lead time. Jeffrey Winzeler (7:22)