Amplitude (NASDAQ:AMPL) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Mixed quarter: Amplitude reported Q1 EPS of ($0.02), missing estimates by $0.01, while revenue was $93.5M and ARR rose to $374M, both up about 17% year‑over‑year.
• AI pivot and deal flow: Management is aggressively transforming the company into an AI-first business with new products and C‑suite moves, plus a strategic partnership to onboard Statsig customers expected to add roughly $16M of incremental ARR.
• Margin and cash pressure despite buyback: Gross margin slipped to 75% and free cash flow was negative $13.2M as AI inference and integration costs bite, even as the board authorized a $100 million share repurchase program.

Amplitude (NASDAQ:AMPL - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01), FiscalAI reports. Amplitude had a negative net margin of 25.80% and a negative return on equity of 32.33%. The company had revenue of $93.49 million for the quarter, compared to analyst estimates of $92.95 million. 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%

Shares of AMPL traded down $0.43 on Wednesday, reaching $7.52. The company's stock had a trading volume of 3,036,920 shares, compared to its average volume of 1,936,235. Amplitude has a twelve month low of $5.51 and a twelve month high of $14.49. The stock has a market capitalization of $780.40 million, a PE ratio of -11.22 and a beta of 1.43. The firm has a fifty day moving average of $7.00 and a 200-day moving average of $8.95.

Amplitude announced that its board has authorized a share buyback program on Wednesday, February 18th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 11.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at Amplitude

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

Institutional Investors Weigh In On Amplitude

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Amplitude in the third quarter valued at approximately $32,000. Osaic Holdings Inc. lifted its holdings in Amplitude by 57.8% during the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company's stock worth $64,000 after acquiring an additional 1,879 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in Amplitude during the third quarter worth $113,000. Magnetar Financial LLC purchased a new position in Amplitude in the fourth quarter worth $122,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Amplitude in the 3rd quarter valued at $125,000. Hedge funds and other institutional investors own 73.20% of the company's stock.

Analysts Set New Price Targets

AMPL has been the topic of several research reports. KeyCorp dropped their price objective 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. Piper Sandler dropped their price objective 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. Morgan Stanley set a $16.00 price objective on shares of Amplitude and gave the company an "overweight" rating in a report on Thursday, January 15th. UBS Group dropped their price objective 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. Finally, Weiss Ratings lowered shares of Amplitude from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, April 24th. Ten analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Amplitude currently has a consensus rating of "Moderate Buy" and an average target price of $13.22.

Amplitude Company Profile

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.

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