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

Amplitude (NASDAQ:AMPL) released its quarterly earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04, FiscalAI reports. The business had revenue of $91.43 million during the quarter, compared to analysts’ expectations of $90.35 million. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.During the same period in the previous year, the business posted $0.02 earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. Amplitude updated its FY 2026 guidance to 0.080-0.130 EPS and its Q1 2026 guidance to -0.020–0.010 EPS.

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

• Strong Q4 and FY2025 financials — revenue of $91.4M (+17% YoY), ARR of $366M (+17% YoY), highest net new ARR since 2021, non‑GAAP operating income of $4.2M, and record free cash flow (~$24M), with the board approving a $100M buyback reserve.
• Management positions AI as a structural tailwind after launching agentic analytics (Global & Specialized Agents plus MCP), claiming a 76% success rate on complex production queries and deep integrations with Anthropic, OpenAI, GitHub, Slack and others.
• Enterprise and platform momentum — enterprise cohort ARR up ~20% YoY, customers >$100K ARR grew to 698 (+18% YoY), multi‑product adoption rising (74% of ARR from multi‑product customers) and net dollar retention improved to 105%.
• Pricing/packaging change centralizes add‑on products as a percentage uplift on the events‑based core metric to simplify adoption and encourage more data ingestion, which management says improves transparency but will change how customer spend scales.
• 2026 outlook calls for continued revenue growth (~15% FY midpoint, $390–398M) but with a Q1 non‑GAAP operating loss and modest full‑year operating income range, signaling near‑term margin variability as investments continue.

Amplitude Stock Performance

NASDAQ:AMPL traded up $0.13 during mid-day trading on Thursday, hitting $7.31. The company had a trading volume of 611,108 shares, compared to its average volume of 1,864,751. Amplitude has a fifty-two week low of $5.99 and a fifty-two week high of $14.88. The firm has a market cap of $976.61 million, a P/E ratio of -9.12 and a beta of 1.48. The business’s fifty day moving average is $9.93 and its two-hundred day moving average is $10.48.

Amplitude News Roundup

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Management raised forward expectations — Amplitude set FY‑2026 EPS guidance of $0.08–$0.13 (turning positive) and Q1‑2026 EPS guidance that’s materially better than consensus, signaling a path to profitability and reducing near‑term downside risk. Press Release
• Positive Sentiment: Board authorized a $100 million share‑repurchase program (up to ~11.8% of shares), which typically supports the share price and signals the board views shares as undervalued. RTT News
• Positive Sentiment: Product and growth narrative: Amplitude launched “agentic” AI analytics and says AI agents now drive ~25% of platform queries and management is targeting ~15% revenue growth for 2026 — a key catalyst if adoption continues. MSN
• Neutral Sentiment: Quarterly results were mixed but in line: EPS of $0.04 met Street estimates and revenue of $91.4M slightly topped forecasts; investors can dig into the call transcript/slides for detail on churn, ARPU and margins. MarketBeat transcript
• Neutral Sentiment: Coverage changes: Several broker notes adjusted targets but maintained constructive ratings (see below for specifics) — this keeps institutional interest but tempers near‑term upside. Benzinga
• Negative Sentiment: Two analysts cut price targets (Piper Sandler: $12→$10; BTIG: $14→$10). Although ratings stayed “overweight/buy,” the lower targets highlight tempered expectations for near‑term multiple expansion. Benzinga The Fly
• Negative Sentiment: Profitability metrics remain weak: Amplitude still shows a negative net margin and negative ROE, meaning long‑term valuation depends on sustained revenue growth and margin improvement. Press Release

Amplitude announced that its board has approved a share repurchase plan on Wednesday, February 18th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 11.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity

In related news, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $10.88, for a total transaction of $108,800.00. Following the completion of the transaction, the director owned 114,906 shares in the company, valued at approximately $1,250,177.28. The trade was a 8.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Spenser Skates sold 42,743 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $12.01, for a total transaction of $513,343.43. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,843 shares of company stock valued at $623,343 over the last 90 days. Corporate insiders own 23.83% of the company’s stock.

Hedge Funds Weigh In On Amplitude

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMPL. BTIG Research dropped their target price on shares of Amplitude from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Amplitude in a research report on Monday, December 29th. Morgan Stanley set a $16.00 price objective on Amplitude and gave the stock an “overweight” rating in a report on Thursday, January 15th. Piper Sandler lowered their target price on Amplitude from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Robert W. Baird boosted their target price on Amplitude from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.82.

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.