Ambiq Q2 revenue $17.9M (+13.6% seq); net loss $8.5M; IPO raised $97.2M

Ambiq Micro, Inc.

Revenue of $17.9M up 13.6% sequentially, down 11.8% YoY from $20.3M.
Gross margin 40.1% GAAP, 42.7% non-GAAP; net loss $8.5M (pro forma loss $(0.43)/share).
Cash $47.5M at June 30; subsequent IPO generated net proceeds of $97.2M from 4.6M shares at $24.
Q3 guidance: revenue $17.5M-$18.0M, non-GAAP loss per share ($0.35)-($0.28).
China revenue mix fell to 11.5% from 42% a year ago as Ambiq diversifies geographically.

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