Amplitude (NASDAQ:AMPL) Posts Earnings Results, Meets Estimates

Amplitude (NASDAQ:AMPL) posted its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01), FiscalAI reports. Amplitude had a negative return on equity of 34.98% and a negative net margin of 25.11%.The company had revenue of $100.89 million during the quarter, compared to the consensus estimate of $98.16 million. Amplitude updated its Q3 2026 guidance to 0.020-0.030 EPS and its FY 2026 guidance to 0.060-0.080 EPS.

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

• Q2 revenue rose 21% year over year to $100.9 million, while ARR reached $410 million, up 22%. Free cash flow hit a record $23.7 million, and the company raised its full-year revenue and non-GAAP operating income outlook.
• AI adoption is driving increased platform usage and expansion, with customers using Amplitude’s AI workflows running nearly 10 times as many analyses as manual users. More than 40 AI-native companies now generate over $100,000 in annual revenue each, while enterprise customers contribute more than 68% of ARR.
• The Statsig acquisition is expanding Amplitude into experimentation and feature management, contributing $17 million of incremental ARR and creating cross-sell opportunities across the customer base. Multi-product adoption is rising, with 48% of customers using multiple products and 80% of ARR coming from that group.
• Gross margin fell to 71%, down four percentage points year over year, due to higher AI inference and data-ingestion costs and Statsig’s currently low-50s hosting margins. Management expects gross margins to remain in the low 70s for now and must offset the pressure through operating-expense discipline.
• Management is positioning Wave as a potentially significant new product category that can identify product problems, recommend solutions, generate code, and measure outcomes. Although still in alpha, early customer adoption is encouraging and the company expects to monetize Wave as both a standalone capability and a driver of broader platform adoption.

Amplitude Trading Up 1.3%

Shares of Amplitude stock traded up $0.13 on Wednesday, reaching $10.01. The stock had a trading volume of 2,306,120 shares, compared to its average volume of 2,227,271. Amplitude has a 1 year low of $5.51 and a 1 year high of $14.49. The company has a market cap of $1.04 billion, a P/E ratio of -14.94 and a beta of 1.42. The business’s 50 day moving average is $8.13 and its two-hundred day moving average is $7.61.

Insider Buying and Selling

In other Amplitude news, CTO Curtis Liu sold 22,201 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $8.03, for a total value of $178,274.03. Following the sale, the chief technology officer directly owned 1,004,779 shares in the company, valued at $8,068,375.37. This represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Catherine Wong sold 7,453 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $6.79, for a total transaction of $50,605.87. Following the completion of the transaction, the director directly owned 111,462 shares of the company’s stock, valued at approximately $756,826.98. The trade was a 6.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amplitude

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new position in Amplitude during the third quarter worth about $32,000. Osaic Holdings Inc. raised its holdings in shares of Amplitude by 57.8% in the 2nd quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock valued at $64,000 after acquiring an additional 1,879 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Amplitude in the 3rd quarter valued at about $113,000. Magnetar Financial LLC bought a new stake in shares of Amplitude during the 4th quarter valued at about $122,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Amplitude during the third quarter worth about $125,000. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Analyst Ratings Changes

AMPL has been the topic of several recent research reports. Bank of America reaffirmed a “neutral” rating and set a $8.00 price objective (down from $10.00) on shares of Amplitude in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Amplitude in a research report on Tuesday, July 21st. Piper Sandler boosted their price target on shares of Amplitude from $9.00 to $11.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Raymond James Financial started coverage on shares of Amplitude in a report on Tuesday, June 30th. They issued a “strong-buy” rating and a $10.00 price objective for the company. Finally, Citigroup raised their price target on Amplitude from $7.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.18.

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.