AmpliTech Q2 Revenue Jumps 51% Sequentially to $8.07M, Gross Margin Expands to 27.9%
AMPG has more than doubled off its 52-week low of $1.64.
Summary
AmpliTech reported Q2 2026 revenue of $8.07 million, up 50.9% sequentially, with gross margin expanding to 27.9% from 7.8% a year ago. The company also disclosed over $6 million in July follow-on orders.
Key Events · Earnings and Guidance · AMPG
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Q2 Revenue Up 50.9% Sequentially
Revenue reached $8.07 million in Q2 2026, up from $5.35 million in Q1 2026, driven by growth across amplifier, passive microwave, and Spectrum distribution businesses.
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Gross Margin Expands to 27.9%
Gross profit increased 161.2% year-over-year to $2.25 million, with gross margin improving from 7.8% in Q2 2025 to 27.9%, though down from 48.0% in Q1 2026 due to product mix.
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Net Loss Widens on R&D Investment
Net loss was $(3.09) million compared with $(1.77) million in Q2 2025, reflecting higher R&D spending of $1.37 million (including $1.08 million for 5G) and increased SG&A.
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Strong Balance Sheet and Liquidity
Cash and marketable securities totaled $12.95 million as of June 30, 2026, with working capital of $22.93 million and a current ratio of 3.76. The company believes it can meet obligations for at least 12 months.
Analysis · AMPG · Manufacturing
AmpliTech delivered its strongest sequential revenue growth in recent quarters, with Q2 revenue up 50.9% from Q1 to $8.07 million and gross profit up 161.2% year-over-year. Gross margin expanded dramatically to 27.9% from 7.8% a year ago, though it fell from 48.0% in Q1 due to product mix. The company also disclosed over $6 million in July follow-on orders, including nearly $4 million under its LOI with a North American mobile operator, signaling continued commercial traction. Net loss widened to $3.09 million as R&D and SG&A investments increased, but the balance sheet remains strong with $12.95 million in cash and $22.93 million in working capital, plus $20.12 million in net proceeds from the July rights offering. This earnings report confirms the company's transition from development to scaling commercialization.
At the time of this filing, AMPG was trading at $4.85 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $151.8M. The 52-week trading range was $1.64 to $10.11. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.