10-Q · May 6, 2026
Amplitude, Inc. (AMPL) reported Q1 2026 revenue of $93.5 million, a 17% increase from Q1 2025, and a narrower EPS loss of -$0.02 versus -$0.17 in the prior year. The company reported significant investments in R&D and…
Earnings analysis · 10-Q
AMPL earnings analysis
Filed November 4, 2026 · Our reading of the company's report
The latest report
Amplitude delivered Q3 revenue of $110.644 million, up 9.5% sequentially and 24.3% year over year, and reported non-GAAP diluted EPS of $0.04 versus a $(0.01) consensus estimate. ARR reached $431 million, while non-GAAP…
Read full summary
Amplitude delivered Q3 revenue of $110.644 million, up 9.5% sequentially and 24.3% year over year, and reported non-GAAP diluted EPS of $0.04 versus a $(0.01) consensus estimate. ARR reached $431 million, while non-GAAP operating margin improved to 5.1%; however, GAAP diluted EPS remained $(0.19), and the company disclosed a September 2026 unauthorized-access incident. Liquidity included $154.3 million of cash and marketable securities, but restructuring, AI regulation, and continuing loss-related risks temper the positive operating momentum.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.04
- Operating margin
- 5.1%
What stood out
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Revenue accelerated and beat consensus
Q3 revenue was $110.644 million, up approximately 9.5% from $101 million in Q2 2026 and 24.3% from $89 million in Q3 2025. Revenue exceeded the $106.986 million consensus estimate by approximately $3.658 million.
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Adjusted profitability improved
Non-GAAP diluted EPS was $0.04 versus a $(0.01) estimate, while GAAP diluted EPS was $(0.19). Non-GAAP operating margin improved to 5.1% from 0.6% in the prior-year quarter.
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ARR growth remained strong
Annual recurring revenue increased 24% to $431 million, indicating continued expansion in the subscription base despite the company’s ongoing GAAP losses.
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Liquidity includes $154.3 million
Cash and cash equivalents were $58.9 million and marketable securities were $95.4 million as of September 30, 2026, representing $154.3 million of reported cash and liquid investments.
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No material control weakness reported
Management reported that disclosure controls and procedures were effective as of September 30, 2026, and that there were no changes in internal control over financial reporting that materially affected, or were reasonably likely to materially affect, controls during the quarter.
What to watch
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September 2026 security incident
The company detected unauthorized access to a limited portion of its internal systems in September 2026. Although it contained and remediated the incident and notified each impacted customer, the event could increase security costs and create liability or reputational risk.
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Restructuring may impair execution
The 2026 Restructuring Program reduced the workforce by approximately 5% during the nine months ended September 30, 2026. Management warns that attrition, lower morale, loss of institutional knowledge, and execution problems could prevent the company from realizing anticipated savings.
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AI regulation raises compliance exposure
The EU AI Act’s majority of substantive requirements began taking effect on August 2, 2026, with potential fines of up to 7% of worldwide annual turnover. The filing also notes that the EU Product Liability Directive must be implemented by December 2026, increasing compliance and litigation exposure for AI-enabled products.
Management's outlook
The filing does not provide a comparable prior numeric outlook. Current Q4 2026 guidance is revenue of $110.8 million-$113.2 million and non-GAAP diluted EPS of $0.05-$0.06; full-year 2026 guidance is revenue of $415.8 million-$418.2 million and non-GAAP diluted EPS of $0.07-$0.09.
Earlier filings 4
10-K · February 19, 2026
Amplitude positions itself as a leader in the emerging "AI analytics" category with a unified AI Analytics Platform that bundles Analytics, Session Replay, Experimentation, Activation, Guides/Surveys, AI Agents, MCP, AI…
10-Q · November 6, 2025
Amplitude reported Q3 revenue of $88,564,000, up from $75,217,000 in Q3 2024, maintaining a gross margin of ~74.0% but registering an operating margin of -29.0% and GAAP loss per share of $(0.18). Cash and cash…
10-Q · August 7, 2025
Amplitude reported Q2 revenue of $83.27M, up 13.6% year-over-year, with gross margin of 72.6% and operating margin of -32.5%. GAAP net loss per share was $(0.19), essentially unchanged vs. Q2 2024, while deferred…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.