M31 Technology and Ambiq announced a joint ultra-low-power Foundation IP solution on the TSMC N12e process at TSMC's 2026 North America Open Innovation Platform Ecosystem Forum. The solution combines an optimised SPSRAM memory compiler and an ultra-low-leakage standard-cell library for Ambiq's platforms, targeting AIoT, wearables, and always-on edge applications. The Foundation IP includes a TSMC N12e ULL SPSRAM memory compiler designed for high density and performance with extremely low leakage. In low-power mode, its dual-rail architecture achieves close to 500MHz at near-threshold periphery voltage. The standard-cell library from M31 delivers approximately 50% leakage power savings through design-level collaboration with Ambiq. The solution aims to support faster time-to-market, maximise energy efficiency through ultra-low-leakage design, and improve cost efficiency by reducing die size.

Prosper Stars & Stripes, a long/short equity fund, closed its position in Ambiq Micro after achieving bullish price targets. The fund disclosed this in its second-quarter 2026 investor letter. Ambiq was the second-best contributor to the fund's long book during the quarter. The fabless semiconductor company designs ultra-low power systems-on-chip for edge AI applications, with customers including Garmin, Google, and Huawei. The company's revenue growth accelerated significantly, from 2% year-over-year in Q4 2025 to 59% in Q1 2026, with guidance for 75% growth in Q2. After raising equity in January, Ambiq's share price met the fund's bullish targets, prompting the exit. Ambiq's stock gained 74.38% over the past 52 weeks.

Ambiq Micro reported 90% year-over-year revenue growth in Q2 2026, driven by surging Edge AI demand that exceeded initial customer expectations. Apollo V sales more than doubled year-over-year, supported by a new large customer. The company projects third-quarter sales growth of approximately 100% year-over-year, with full-year 2026 revenue expected to reach approximately $135 million. Management upgraded gross margin expectations to modest year-over-year improvement, citing favourable product mix and manufacturing efficiencies. Supply constraints across wafers, packaging, substrates, and testing are limiting Ambiq's ability to meet customer demand. The company is working to secure additional foundry allocations and OSAT capacity. Ambiq plans to use $168 million in net proceeds from its June follow-on offering to fund working capital and accelerate product development, targeting customer sampling of Atomiq 110 and Apollo 340 in early 2027.