Amplitude (NASDAQ:AMPL) Announces Earnings Results

Amplitude (NASDAQ:AMPL) posted its quarterly earnings results 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 company had revenue of $93.49 million during the quarter, compared to analysts’ expectations of $92.95 million. Amplitude had a negative return on equity of 32.33% and a negative net margin of 25.80%.The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. 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%

AMPL traded down $0.43 during midday trading on Wednesday, hitting $7.52. 3,036,920 shares of the company traded hands, compared to its average volume of 1,936,235. The company has a market capitalization of $780.40 million, a price-to-earnings ratio of -11.22 and a beta of 1.43. Amplitude has a 52-week low of $5.51 and a 52-week high of $14.49. The business has a 50 day simple moving average of $7.00 and a two-hundred day simple moving average of $8.95.

Key Stories Impacting Amplitude

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Company raised full?year 2026 guidance (EPS 0.03–0.06 vs. consensus negative) and lifted revenue range to roughly $397M–$403M, topping consensus — this signals management expects a return to profitability and stronger top?line momentum. Press Release
• Positive Sentiment: Management highlighted enterprise customer expansion and adoption of new pricing, which support recurring revenue growth and margin improvement prospects. Press Release
• Positive Sentiment: Partnership with Adswerve to connect acquisition, product analytics and AI-driven measurement could expand GTM reach and customer use cases. Adswerve Partnership
• Neutral Sentiment: Q1 revenue modestly beat expectations ($93.49M vs. ~$92.95M) but EPS missed by $0.01 (reported $(0.02) vs. $(0.01) consensus); results were mixed between top?line strength and profitability metrics. Earnings Report
• Negative Sentiment: Q2 guidance was slightly below consensus on EPS (guide: -0.02 to -0.01 vs. consensus ~-0.01), which disappointed investors focused on near?term profitability, despite a revenue guide slightly above consensus. Guidance Details
• Negative Sentiment: Insider selling: CTO Curtis Liu sold shares earlier in the week (SEC filing), which can amplify negative sentiment even though the holding remains large. SEC Filing
• Negative Sentiment: Market reaction: the combination of the EPS miss and the softer near?term guide drove a sharp intraday selloff. Market Reaction

Insider Transactions at Amplitude

In other Amplitude news, CTO Curtis Liu sold 17,586 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $8.12, for a total transaction of $142,798.32. Following the transaction, the chief technology officer directly owned 1,067,259 shares of the company’s stock, valued at $8,666,143.08. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 21.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amplitude

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Amplitude by 2.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,739 shares of the company’s stock valued at $592,000 after acquiring an additional 1,340 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Amplitude by 4.4% during the fourth quarter. HighTower Advisors LLC now owns 37,791 shares of the company’s stock valued at $438,000 after acquiring an additional 1,607 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of 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 purchasing an additional 1,879 shares during the period. Landscape Capital Management L.L.C. boosted its stake in shares of Amplitude by 7.5% in the fourth quarter. Landscape Capital Management L.L.C. now owns 30,386 shares of the company’s stock valued at $352,000 after purchasing an additional 2,132 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Amplitude by 2.7% in the third quarter. Legal & General Group Plc now owns 87,599 shares of the company’s stock valued at $939,000 after purchasing an additional 2,265 shares during the period. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on AMPL. Weiss Ratings lowered Amplitude from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. DA Davidson lowered their price target on shares of Amplitude from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. UBS Group lowered their price target on shares of Amplitude from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. KeyCorp lowered their price target on shares of Amplitude from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Piper Sandler lowered their price target on shares of Amplitude from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Amplitude has an average rating of “Moderate Buy” and a consensus price target of $13.22.

Amplitude declared that its board has initiated a stock buyback plan on Wednesday, February 18th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 11.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.