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

Amplitude (NASDAQ:AMPL) posted its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01), FiscalAI reports. Amplitude had a negative net margin of 26.59% and a negative return on equity of 37.97%. The company had revenue of $100.89 million for 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 Stock Performance

Shares of AMPL opened at $10.77 on Friday. The stock has a market capitalization of $1.12 billion, a PE ratio of -14.36 and a beta of 1.42. The company has a 50 day moving average price of $8.27 and a 200-day moving average price of $7.61. Amplitude has a fifty-two week low of $5.51 and a fifty-two week high of $14.49.

Insider Buying and Selling at Amplitude

In related news, CTO Curtis Liu sold 22,201 shares of Amplitude stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $8.03, for a total value of $178,274.03. Following the completion of the transaction, the chief technology officer owned 1,004,779 shares in the company, valued at $8,068,375.37. The trade was a 2.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Catherine Wong sold 7,453 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $6.79, for a total transaction of $50,605.87. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. 21.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amplitude

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in Amplitude by 44.8% during the third quarter. Alliancebernstein L.P. now owns 6,025,390 shares of the company’s stock worth $64,592,000 after buying an additional 1,864,909 shares during the period. Nuveen LLC raised its stake in shares of Amplitude by 18.8% in the 4th quarter. Nuveen LLC now owns 2,645,618 shares of the company’s stock valued at $30,636,000 after acquiring an additional 418,376 shares during the period. State Street Corp raised its stake in shares of Amplitude by 2.9% in the 4th quarter. State Street Corp now owns 2,305,400 shares of the company’s stock valued at $26,697,000 after acquiring an additional 64,189 shares during the period. Wellington Management Group LLP lifted its holdings in shares of 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 acquiring an additional 1,797,228 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Amplitude by 32.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,220,162 shares of the company’s stock worth $14,129,000 after acquiring an additional 298,451 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Amplitude from $7.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. BTIG Research raised their target price on shares of Amplitude from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday. DA Davidson boosted their price target on shares of Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings restated a “sell (e+)” rating on shares of Amplitude in a research report on Tuesday, July 21st. Finally, UBS Group boosted their target price on Amplitude from $8.50 to $13.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.45.

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.