Want to see AMPG full AI Analyst Report?
Top Page
AmpliTech Group
(NASDAQ:AMPG)
Select Model
Select Model
Rating:48Neutral
Price Target:
$2.50
▼(-29.58% Downside)
Action:Reiterated
Date:08/17/26
AMPG scores below average primarily due to weak financial performance (revenue decline, ongoing losses, and significant cash burn) and bearish technicals (below key moving averages with negative MACD). Partially offsetting these are improving gross margins, low leverage and strengthened liquidity (including the post-quarter capital raise), plus constructive—though less certain—growth commentary as management highlighted opportunity and orders but withdrew prior revenue guidance due to timing risk.
Positive Factors
Recurring O-RAN demand
Repeat orders from established 5G Open RAN programs and thousands of deployed radios indicate that AmpliTech is progressing beyond early product validation. Continued customer adoption can support a more durable revenue base, strengthen reference-account credibility, and improve its position in future operator deployments.
Negative Factors
Persistent losses and cash burn
AmpliTech is not yet funding operations from internally generated cash, and quarterly losses remain substantial. Continued cash consumption can constrain investment flexibility and increase reliance on external financing unless revenue growth, gross-margin gains, and operating leverage eventually offset the company’s cost base.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring O-RAN demand
Repeat orders from established 5G Open RAN programs and thousands of deployed radios indicate that AmpliTech is progressing beyond early product validation. Continued customer adoption can support a more durable revenue base, strengthen reference-account credibility, and improve its position in future operator deployments.
Read all positive factors
AmpliTech Group (AMPG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$82.02M
Dividend YieldN/A
Average Volume (3M)706.88K
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue Growth24.22%
EPS Growth43.94%
CountryUS
Employees46
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.34
Shares Outstanding30,043,886
10 Day Avg. Volume719,818
30 Day Avg. Volume706,883
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.91
Price to Sales (P/S)2.49
P/FCF Ratio-6.47
Enterprise Value/Market Cap2.05
Enterprise Value/Revenue7.00
Enterprise Value/Gross Profit20.82
Enterprise Value/Ebitda-27.27
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.24
Revenue Forecast (FY)$50.00M
AmpliTech Group Business Overview & Revenue Model
Company Description
AmpliTech Group, Inc. specializes in the design, engineering, and manufacturing of microwave component-based amplifiers. Their diverse portfolio encompasses radio frequency (RF) amplifiers and associated subsystems, including low noise amplifiers ...
AmpliTech Group Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Neutral
The call described meaningful operational progress (51% sequential revenue growth, substantial YoY gross-profit and margin improvements, stronger balance sheet after a $20.1M net capital raise, stable high-margin distribution revenue, strategic ecosystem positioning and investments in production and cybersecurity). However, those positives are balanced by near-term pain: a ~$3M quarterly net loss, materially higher SG&A and R&D spend, quarter-to-quarter margin volatility, an ~8% revenue shortfall year-over-year for the first half, timing delays for large customer deployments, and the company’s choice not to reaffirm prior full-year guidance. Management frames the expense increases as deliberate investments to support larger, higher-margin opportunities, but revenue timing uncertainty and ongoing losses create near-term execution risk.Positive Updates
Strong Sequential Revenue Growth
Q2 2026 revenue of ~$8.1M vs Q1 2026 ~$5.35M, representing ~51% sequential growth; management cites this as evidence of commercial momentum and early production/order conversions.
Negative Updates
Operating and Net Losses
Q2 2026 operating loss of approximately $3.2M and net loss of approximately $3.09M, reflecting elevated investment and commercialization costs ahead of revenue realization.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Sequential Revenue Growth
Q2 2026 revenue of ~$8.1M vs Q1 2026 ~$5.35M, representing ~51% sequential growth; management cites this as evidence of commercial momentum and early production/order conversions.
Read all positive updates
Company Guidance
Management declined to reaffirm the prior $50M 2026 revenue target due to timing shifts in large customer deployments but said underlying opportunities remain active and they expect meaningful year‑over‑year growth and a stronger second half; they noted $6M of follow‑on POs received in July. Key metrics cited: Q2 revenue ≈$8.1M (Q1 ≈$5.35M, +51% sequential), Q2 gross profit ≈$2.25M (up ≈161% YoY from ≈$863k) and Q2 gross margin 27.9% (vs 7.8% in Q2‑2025), first‑half gross profit ≈$4.82M (up ≈135% from $2.05M) and first‑half gross margin 35.9% (vs 14%), while gross margin fell sequentially from ≈48% in Q1 to ≈28% in Q2. Expense and profitability context: Q2 S&G ≈$4.08M (vs $2.13M prior year), R&D ≈$1.37M (≈$1.08M 5G, $0.297M MMIC), operating loss ≈$3.2M and net loss ≈$3.09M. Balance sheet and liquidity: June 30 cash & equivalents + marketable securities ≈$13M, A/R ≈$6.3M, current assets ≈$31.25M, working capital ≈$22.9M, total liabilities ≈$11.75M (from $18.62M at year‑end), equity ≈$46.75M, and a post‑quarter Series A that generated ≈$21.92M gross / $20.12M net proceeds; long‑term deposits ≈$3.08M (≈$2.47M for dedicated capacity) with $1.3M of additional advanced payments in H1. Management emphasized they will not provide a new numeric FY guide until shipment timing is clearer and stressed the plan to convert current investments into higher‑margin commercial revenue and operating leverage.AmpliTech Group Financial Statement Overview
Summary
Income Statement
27
Negative
Balance Sheet
67
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.99M | 25.20M | 9.51M | 15.58M | 19.39M | 5.28M |
| Gross Profit | 8.07M | 5.15M | 3.48M | 7.15M | 8.92M | 1.29M |
| EBITDA | -6.16M | -5.70M | -7.42M | -1.91M | 1.23M | -4.48M |
| Net Income | -8.01M | -7.01M | -11.24M | -2.47M | -677.11K | -4.76M |
Balance Sheet | ||||||
| Total Assets | 58.51M | 51.48M | 43.47M | 31.41M | 36.68M | 35.23M |
| Cash, Cash Equivalents and Short-Term Investments | 12.95M | 4.98M | 19.32M | 6.73M | 13.54M | 18.02M |
| Total Debt | 3.93M | 4.18M | 4.62M | 3.84M | 5.29M | 1.57M |
| Total Liabilities | 11.75M | 18.62M | 5.98M | 4.73M | 7.92M | 6.19M |
| Stockholders Equity | 46.75M | 32.86M | 37.49M | 26.68M | 28.76M | 29.03M |
Cash Flow | ||||||
| Free Cash Flow | -14.19M | -9.70M | -5.34M | -4.44M | -4.16M | -3.26M |
| Operating Cash Flow | -13.10M | -8.68M | -5.30M | -3.47M | -3.43M | -2.20M |
| Investing Cash Flow | -6.30M | -5.76M | -3.29M | -725.90K | -1.08M | -10.61M |
| Financing Cash Flow | 17.35M | 6.81M | 21.18M | -2.37M | -224.22K | 30.63M |
AmpliTech Group Technical Analysis
Negative
3.55
Price Trends
3.72
Negative
5.03
Negative
3.87
Negative
Market Momentum
-0.27
Positive
25.17
Positive
8.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMPG, the sentiment is Negative. The current price of 3.55 is above the 20-day moving average (MA) of 3.14, below the 50-day MA of 3.72, and below the 200-day MA of 3.87, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 25.17 is Positive, neither overbought nor oversold. The STOCH value of 8.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AMPG.
AmpliTech Group Risk Analysis
AmpliTech Group disclosed 45 risk factors in its most recent earnings report. AmpliTech Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
AmpliTech Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $135.19M | 52.80 | 11.50% | 2.58% | 13.86% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $318.53M | -32.05 | -8.37% | 2.11% | 28.60% | 24.86% | |
52 Neutral | $114.83M | -20.82 | -4.47% | ― | 15.83% | 6.44% | |
51 Neutral | $39.85M | -0.59 | -9.10% | 3.05% | -8.31% | 77.99% | |
48 Neutral | $82.02M | -7.87 | -19.55% | ― | 24.22% | 43.94% |
* Technology Sector Average
AMPG
AmpliTech Group
2.67
-1.56
-36.88%
CMTL
Comtech Telecommunications
1.30
-2.02
-60.84%
KVHI
KVH Industries
6.33
0.50
8.58%
OCC
Optical Cable
15.35
5.25
51.98%
SILC
Silicom
54.81
37.22
211.60%
FKWL
Franklin Wireless
2.25
-2.76
-55.09%
AmpliTech Group Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
AmpliTech Enhances Titan Deal and Highlights ORAN Growth
Positive
Aug 17, 2026
On August 17, 2026, AmpliTech detailed improved terms from an amended asset purchase agreement with Titan Crest, including a $1 million reduction in purchase price to $7 million and retention of its rights and claims, while Titan’s affiliate...
Business Operations and StrategyM&A Transactions
AmpliTech Amends 5G ORAN Asset Purchase Agreement
Negative
Aug 12, 2026
On August 6, 2026, AmpliTech Group, Inc. amended its March 26, 2025 asset purchase agreement with Titan Crest, LLC and an affiliate after substantial delivery delinquencies that delayed AmpliTech’s product development, notably documentation ...
Business Operations and StrategyPrivate Placements and Financing
AmpliTech Raises Capital to Accelerate 5G and AI Growth
Positive
Jul 22, 2026
On July 20, 2026, AmpliTech Group, Inc. reported that its Series A Rights Offering generated approximately $21.9 million in subscriptions, with all Series A rights having been exercised or expiring on July 18, 2026. Following final reconciliation,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.