Ambiq Micro, Inc.

Good afternoon and welcome to the AMVIC Micro's second quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. At the conclusion of today's conference call, instructions will be given for the question and answer session. If anyone needs assistance during this time, please press star followed by the zero on your touchtone phone. As a reminder, this conference is being recorded today, September 4th, 2025. I would now like to turn the call over to Ms. Charlene Wan. Charlene, please go ahead.

Good afternoon and welcome to MBIC's second quarter 2025 earnings conference call. I'm Charlene Wan, Vice President of Corporate Marketing and Industrial Relations at MBIC. I'm joined today by MBIC's CEO, Fumihide Asaka, and MBIC's CFO, Jeff As part of today's call, we will review our quarterly financial performance and provide a summary of our outlook. Our earnings release and the accompanying financial tables are available on the investor relations page of our website at www.ambit.com. Before I turn the call over to Hume, I'd like to remind our listeners that during the course of this conference call, the company will provide financial guidance, projections, comments, and other forward-looking statements regarding future market developments, the future financial performance of the company, new products, or other matters. These statements are subject to the risks and uncertainties that we discuss in detail in our documents filed with the SEC. Specifically, the final perspective related to our initial public offering and our most recent 10Q, which identified important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements. Also, the company's press release and management statements during the conference call will include discussions of certain non-GAAP financial measures. These financial measures and related GAAP to non-GAAP reconciliations are provided in the company's press release and related current report on Form 8K. For those of you unable to listen to the entire call at this time, a recording will be available via webcast in the investor relations section of the company's website. And now, it's my pleasure to turn the call over to NBIC CEO, Gumihide Asaka. Gumi, please go ahead.

Thank you, Charlene. Good afternoon. and thank you to everyone for joining us on our first earnings call since our IPO on July 30th. Ambiq has been on an incredible journey. The company was founded in 2010 to put intelligence everywhere using the world's most power efficient chips. At this point, we have enabled more than 280 million devices in applications ranging from personal devices to medical and healthcare to the industrial edge to smart home and smart buildings. We are excited about enabling the next billion devices as AI moves out of the cloud and onto the edge. For those of you new to Ambiq's story, I'd like to give you a quick overview of our business. AMBIC is a pioneer and leading provider of ultra low power semiconductor solutions. Our mission is to enable intelligence and AI everywhere by delivering the lowest power semiconductor solutions. As many of you know, Most of today's AI computation, including both training and inference, happens in data centers which are far away from the action. Moving AI inference to the edge is a great alternative because it offers lower latency, greater privacy, improved security, and reduced cost. However, we haven't yet seen the full potential of edge AI because edge devices tends to be smaller and battery powered. Without innovation, it's nearly impossible for those devices to run AI without quickly draining their batteries. Ambiq has solved this power problem with our SPOT platform. SPOT stands for Subthreshold Power Optimized Technology. It significantly reduces total system power consumption and enables devices to run AI locally without sacrificing battery life. SPOT has been foundational for five generations of our flagship SoC family called Apollo. In addition to hardware, we also offer extensive software solutions to help our customer reduce their production design cycle. More and more people are realizing potential of running AI at the edge, as that's where the action takes place. If your smartwatch is capable of running on-device AI, you get a doctor or personal trainer on your wrist. Hearing aid with onboard AI models can filter out the noise in a restaurant and enhance the warm voice you actually want to hear. and factory machinery equipped with a wireless fault detector can identify failure before it happens and call for help without bringing the factory line down. With our energy efficient product and solutions, AMBIC is well positioned to drive and benefit from the edge AI revolution. In that, Let me now turn the call over to Jeff Winsler, our CFO, to discuss our second quarter results and third quarter outlook in more detail. And then I will talk more about our strategic priorities as we look ahead to the coming quarters and year.