Amplitude (NASDAQ:AMPL) Announces Earnings Results

Amplitude (NASDAQ:AMPL) announced its quarterly earnings data on Wednesday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), FiscalAI reports. The business had revenue of $93.49 million during the quarter, compared to the consensus estimate of $92.95 million. Amplitude had a negative net margin of 25.80% and a negative return on equity of 32.33%. 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 Trading Down 5.4%

Shares of NASDAQ AMPL traded down $0.43 during midday trading on Wednesday, hitting $7.52. The company’s stock had a trading volume of 3,036,920 shares, compared to its average volume of 1,936,235. The firm has a market capitalization of $780.40 million, a price-to-earnings ratio of -11.22 and a beta of 1.43. The stock has a fifty day moving average price of $7.00 and a 200 day moving average price of $8.95. Amplitude has a one year low of $5.51 and a one year high of $14.49.

Amplitude declared that its board has authorized a stock repurchase program on Wednesday, February 18th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 11.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMPL. DA Davidson reduced their price objective on Amplitude from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Morgan Stanley set a $16.00 price objective on Amplitude and gave the company an “overweight” rating in a research note on Thursday, January 15th. Weiss Ratings lowered Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. BTIG Research decreased their target price on Amplitude from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Finally, KeyCorp lowered their target price on Amplitude from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.22.

Insider Buying and Selling

In related news, CTO Curtis Liu sold 17,586 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $8.12, for a total value of $142,798.32. Following the completion of the transaction, the chief technology officer directly owned 1,067,259 shares of the company’s stock, valued at approximately $8,666,143.08. This trade represents a 1.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 21.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AMPL. Alliancebernstein L.P. boosted its holdings in Amplitude by 2,126.0% in the 2nd quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company’s stock worth $51,590,000 after buying an additional 3,973,575 shares during the period. Wellington Management Group LLP boosted its holdings in Amplitude by 783.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,026,598 shares of the company’s stock worth $21,725,000 after buying an additional 1,797,228 shares during the period. Squarepoint Ops LLC boosted its holdings in Amplitude by 932.3% in the 2nd quarter. Squarepoint Ops LLC now owns 529,050 shares of the company’s stock worth $6,560,000 after buying an additional 477,801 shares during the period. Bank of America Corp DE boosted its holdings in Amplitude by 149.4% in the 2nd quarter. Bank of America Corp DE now owns 699,824 shares of the company’s stock worth $8,678,000 after buying an additional 419,248 shares during the period. Finally, Nuveen LLC boosted its holdings in Amplitude by 18.8% in the 4th quarter. Nuveen LLC now owns 2,645,618 shares of the company’s stock worth $30,636,000 after buying an additional 418,376 shares during the period. 73.20% of the stock is owned by institutional investors.

About Amplitude

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.