Amplitude (NASDAQ:AMPL) Updates Q2 2026 Earnings Guidance

Key Points

• Amplitude updated Q2 2026 guidance to EPS -0.020 to -0.010 (vs. consensus -0.010) and revenue $96.9M–$99.1M (vs. consensus $96.3M).
• Several brokers have cut price targets (examples: DA Davidson to $12, Piper Sandler to $9), but the consensus rating remains a Moderate Buy with a target of $13.22.
• Shares traded down to $7.52 (market cap ≈ $780M) and the board authorized a $100M share buyback (~11.8% of shares outstanding), a sign management views the stock as undervalued.

Amplitude (NASDAQ:AMPL - Get Free Report) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of -0.020--0.010 for the period, compared to the consensus earnings per share estimate of -0.010. The company issued revenue guidance of $96.9 million-$99.1 million, compared to the consensus revenue estimate of $96.3 million.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMPL. DA Davidson lowered their price target on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, February 19th. Weiss Ratings cut shares of Amplitude from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, April 24th. KeyCorp decreased their target price on shares of Amplitude from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, February 19th. Piper Sandler decreased their target price on shares of Amplitude from $10.00 to $9.00 and set an "overweight" rating for the company in a report on Tuesday, April 14th. Finally, BTIG Research decreased their target price on shares of Amplitude from $14.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, February 19th. Ten research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Amplitude has a consensus rating of "Moderate Buy" and a consensus target price of $13.22.

Amplitude Stock Performance

Shares of AMPL stock traded down $0.43 during trading hours on Wednesday, reaching $7.52. The company had a trading volume of 2,970,369 shares, compared to its average volume of 1,934,039. The business has a fifty day moving average price of $7.00 and a 200-day moving average price of $8.95. Amplitude has a one year low of $5.51 and a one year high of $14.49. The firm has a market cap of $780.43 million, a PE ratio of -11.22 and a beta of 1.43.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.04 EPS for the quarter, hitting analysts' consensus estimates of $0.04. Amplitude had a negative net margin of 25.80% and a negative return on equity of 32.33%. The firm had revenue of $91.43 million during the quarter, compared to analyst estimates of $90.35 million. During the same period in the previous year, the business posted $0.02 earnings per share. The business's revenue for the quarter was up 17.0% on a year-over-year basis. Amplitude has set its FY 2026 guidance at 0.080-0.130 EPS and its Q1 2026 guidance at -0.020--0.010 EPS. Equities research analysts forecast that Amplitude will post -0.63 EPS for the current year.

Amplitude announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 18th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 11.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Institutional Trading of Amplitude

Several large investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its position in Amplitude by 16.4% during the fourth quarter. Invesco Ltd. now owns 113,682 shares of the company's stock valued at $1,316,000 after buying an additional 16,009 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in shares of Amplitude by 1,106.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 140,708 shares of the company's stock worth $1,629,000 after purchasing an additional 129,049 shares during the period. Mackenzie Financial Corp bought a new position in shares of Amplitude in the fourth quarter worth approximately $1,017,000. nVerses Capital LLC bought a new position in shares of Amplitude in the fourth quarter worth approximately $167,000. Finally, VARCOV Co. bought a new position in shares of Amplitude in the fourth quarter worth approximately $229,000. 73.20% of the stock is currently owned by institutional investors.

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.

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