By Christopher Kuo

Ambiq Micro shares soared to an all-time high after the company posted double-digit sales growth driven by increased demand for its semiconductors that power artificial intelligence models.

Shares of the semiconductor company climbed 37% to $62.18. The stock reached an all-time high of $63.60 on Tuesday.

Ambiq Micro had a loss of $10.2 million, or 50 cents a share, compared with a loss of $8.28 million, or $18.96 a share, a year earlier.

Adjusted loss was 25 cents a share. Analysts polled by FactSet expected a loss of 36 cents a share.

Sales rose 59.3% to $25.1 million. Analysts expected sales of $21.5 million. The company said higher sales were driven by expanding customer adoption of its products, upgrades to higher-value platforms and strong demand for its edge AI solutions, which deploy AI models on local devices.

For the second quarter, the company expects sales of $31 million to $32 million and adjusted loss per share of 29 cents to 23 cents. Analysts expect $25.7 million in sales and an adjusted loss per share of 42 cents.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 12, 2026 11:00 ET (15:00 GMT)

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