AmpliTech Group (NASDAQ:AMPG) Issues Quarterly Earnings Results

AmpliTech Group (NASDAQ:AMPG) posted its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.19), FiscalAI reports. AmpliTech Group had a negative net margin of 33.37% and a negative return on equity of 19.55%. The company had revenue of $6.58 million for the quarter, compared to analysts’ expectations of $14.00 million.

Here are the key takeaways from AmpliTech Group’s conference call:

• AmpliTech cut its 2026 revenue expectation to at least $28 million, well below its original $50 million target, citing delayed customer deployments, supply constraints and production timing. It also said it will stop providing formal full-year revenue guidance beginning in 2027.
• Order activity reached new highs: October bookings were nearly $25 million, and reported backlog exceeded $52 million, including a $21.7 million follow-on 5G radio order. Management emphasized that backlog is not a guarantee of near-term revenue, and shipment schedules may shift.
• Third-quarter revenue rose 8% year over year to $6.58 million, while gross margin improved sequentially to 34.2% and the net loss narrowed to $1.89 million from $3.09 million in the second quarter. However, operating expenses increased, and the company remains loss-making.
• The company reported more than 3,000 radios deployed in a North American operator program, a production-ready dedicated line with initial shipments expected in Q4, and approved-vendor status with a major telecom infrastructure provider.
• AmpliTech had about $30.3 million in cash and marketable securities and approximately $42.1 million in working capital at quarter-end, with no long-term debt. Still, it used $8.48 million in operating cash during the first nine months of 2026.

AmpliTech Group Stock Performance

Shares of AMPG stock traded down $0.23 on Friday, hitting $2.12. 1,084,938 shares of the stock traded hands, compared to its average volume of 2,036,867. The firm’s 50-day moving average price is $2.92 and its two-hundred day moving average price is $3.78. The stock has a market capitalization of $63.88 million, a PE ratio of -6.29 and a beta of -0.22. AmpliTech Group has a twelve month low of $1.64 and a twelve month high of $10.11.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AMPG shares. Wall Street Zen downgraded shares of AmpliTech Group from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AmpliTech Group in a report on Thursday, October 15th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.00.

About AmpliTech Group

AmpliTech Group, Inc. designs, develops and manufactures radio-frequency (RF) and microwave components and systems. Its products include low-noise amplifiers, power amplifiers, switches, filters and integrated assemblies used in communications and other applications requiring high-frequency signal processing. The company serves markets including satellite communications, telecommunications, aerospace and defense, and space. It also develops 5G and Open Radio Access Network (Open RAN) equipment and solutions, alongside products for specialized applications such as quantum computing.