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

Amplitude (NASDAQ:AMPL) announced its quarterly earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01), FiscalAI reports. The firm had revenue of $100.89 million during the quarter, compared to analyst estimates of $98.16 million. Amplitude had a negative net margin of 25.11% and a negative return on equity of 34.98%. 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 Price Performance

Shares of Amplitude stock opened at $10.01 on Thursday. Amplitude has a 1 year low of $5.51 and a 1 year high of $14.49. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -14.94 and a beta of 1.42. The firm’s 50-day moving average is $8.19 and its two-hundred day moving average is $7.60.

Amplitude News Summary

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Full-year guidance was raised above consensus. Amplitude expects fiscal 2026 adjusted EPS of $0.06–$0.08, compared with analysts’ expectation for a $0.08 loss, and revenue of $407.2 million–$411.2 million versus the $400.4 million consensus estimate. Amplitude Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter expectations also topped estimates. Management forecast adjusted EPS of $0.02–$0.03 and revenue of $105.6 million–$108.0 million, above consensus estimates of breakeven EPS and $102.4 million in revenue, respectively. Amplitude Reports Q2 Loss, Tops Revenue Estimates
• Positive Sentiment: Revenue exceeded expectations. Second-quarter revenue was $100.89 million, ahead of the $98.16 million analyst estimate. Management emphasized its transition toward an AI analytics platform and highlighted the strategic combination of Amplitude and Statsig. Amplitude Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Quarterly earnings matched expectations. Amplitude reported a loss of $0.01 per share, in line with consensus and weaker than the $0.01-per-share profit recorded a year earlier. The company remains unprofitable, with a negative net margin and return on equity.

Insiders Place Their Bets

In related news, CTO Curtis Liu sold 22,201 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $8.03, for a total transaction of $178,274.03. Following the sale, the chief technology officer owned 1,004,779 shares of the company’s stock, valued at $8,068,375.37. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine Wong sold 7,453 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 111,462 shares of the company’s stock, valued at approximately $756,826.98. This trade represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 21.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Amplitude in the third quarter worth $32,000. Osaic Holdings Inc. lifted its holdings 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 acquiring an additional 1,879 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Amplitude during the 3rd quarter worth approximately $113,000. Magnetar Financial LLC purchased a new stake in shares of Amplitude during the 4th quarter worth about $122,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Amplitude during the 3rd quarter valued at approximately $125,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Amplitude in a research report on Tuesday, July 21st. BTIG Research increased their price objective on shares of Amplitude from $10.00 to $13.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler raised their price objective on Amplitude from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Thursday. Raymond James Financial began coverage on Amplitude in a report on Tuesday, June 30th. They issued a “strong-buy” rating and a $10.00 target price on the stock. Finally, Bank of America reissued a “neutral” rating and set a $8.00 price target (down from $10.00) on shares of Amplitude in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.64.

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.