Amplitude (NASDAQ:AMPL) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Amplitude (NASDAQ:AMPL) issued its quarterly earnings data on Wednesday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01), FiscalAI reports. The firm had revenue of $93.49 million for the quarter, compared to analysts’ expectations of $92.95 million. Amplitude had a negative return on equity of 33.48% and a negative net margin of 25.11%.The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. Amplitude updated its Q2 2026 guidance to -0.020–0.010 EPS and its FY 2026 guidance to 0.030-0.060 EPS.

Here are the key takeaways from Amplitude’s conference call:

• Q1 results beat guidance — revenue ~ $93.5M (reported as $94M) and ARR $374M, both up 17% YoY; dollar-based net expansion improved to 106% and customers with >$100K ARR rose to 727.
• Management is aggressively transforming Amplitude into an AI company with C-suite changes (Nate Crook as CCO, Gab Menachem as CPO), an internal “AI Week,” and new AI products like Agent Analytics, AI Assistant, and the CLI Wizard (management says ~90% of shipped code is now written by AI).
• Announced a strategic partnership to take on Statsig’s brand and customers, expected to add about $16M incremental ARR initially and expand Amplitude’s capabilities into warehouse‑native experimentation and a larger TAM.
• Margin and cash headwinds — gross margin declined to 75% (down 2 pts) as AI inference and data ingestion costs rose, free cash flow was negative $13.2M, and management expects short‑term margin pressure and integration costs from the Statsig transition.

Amplitude Stock Up 2.8%

Amplitude stock traded up $0.17 during mid-day trading on Friday, hitting $6.08. 1,041,377 shares of the company’s stock traded hands, compared to its average volume of 1,994,079. Amplitude has a one year low of $5.51 and a one year high of $14.49. The company has a market cap of $630.57 million, a PE ratio of -9.10 and a beta of 1.43. The firm has a 50 day moving average price of $7.00 and a 200 day moving average price of $8.91.

Amplitude declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 18th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 11.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMPL. DA Davidson dropped their price target on shares of Amplitude from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Weiss Ratings downgraded Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. Morgan Stanley set a $16.00 price target on Amplitude and gave the stock an “overweight” rating in a research report on Thursday, January 15th. UBS Group decreased their price objective on Amplitude from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Finally, Piper Sandler lowered their price target on Amplitude from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Amplitude presently has a consensus rating of “Moderate Buy” and an average price target of $12.44.

Insider Buying and Selling

In other Amplitude news, CTO Curtis Liu sold 17,586 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $8.12, for a total transaction of $142,798.32. Following the sale, the chief technology officer directly owned 1,067,259 shares in the company, valued at approximately $8,666,143.08. The trade was a 1.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 21.59% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMPL. Quarry LP acquired a new stake in shares of Amplitude during the third quarter valued at approximately $32,000. Osaic Holdings Inc. boosted its position in shares of Amplitude by 57.8% in the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock worth $64,000 after buying an additional 1,879 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Amplitude during the third quarter valued at $113,000. Magnetar Financial LLC acquired a new position in Amplitude during the fourth quarter valued at $122,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Amplitude during the 3rd quarter valued at $125,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

Trending Headlines about Amplitude

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Raised FY‑2026 outlook — Amplitude raised full‑year revenue guidance to $397M–$403M and set FY EPS at $0.03–$0.06, which improves forward profitability visibility and beats prior consensus. Amplitude Announces First Quarter 2026 Financial Results
• Positive Sentiment: Q1 revenue beat and growth — Revenue came in at $93.49M (+16.9% Y/Y), slightly above estimates, driven by enterprise customer additions and new pricing — supports long‑term SaaS monetization thesis. Q1 Press Release / Slide Deck
• Positive Sentiment: Statsig partnership adds ARR — Management said the Statsig partnership contributes roughly $16M of incremental ARR and company announced channel partner win with Adswerve that could broaden GTM. MSN: Statsig ARR and FY Forecasts
• Neutral Sentiment: Earnings materials available — Full earnings transcript and slide deck provide management color on pricing, AI product adoption and customer metrics to parse revenue quality and margins. Q1 2026 Earnings Call Transcript
• Negative Sentiment: EPS miss — GAAP/non‑GAAP loss of $0.02 missed the consensus loss of $0.01, keeping near‑term profitability concerns in focus and weakening the stock reaction. Zacks: Q1 Loss, Beats Revenue
• Negative Sentiment: Q2 guide slightly below Street — Q2 EPS guide of -$0.02 to -$0.01 is weaker than consensus, reinforcing short‑term margin risk despite modestly above‑consensus Q2 revenue guidance. Q1 Press Release / Slide Deck
• Negative Sentiment: BofA downgrade — Bank of America cut its rating/price target citing execution risk from the Statsig push, increasing sell‑side caution. Yahoo: BofA Downgrade / Execution Risk
• Negative Sentiment: Insider sale — CTO Curtis Liu sold ~17.6k shares, which can add to near‑term negative sentiment even though his remaining stake is large. SEC Filing – Insider Sale

Amplitude Company Profile

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.