AmpliTech Group Reports Q3 2026 Revenue of $6.58 Million, Up 8.0% Year-over-Year, and 41.1% Nine-Month Gross Profit Growth
Key Highlights
- ➤2026 revenue outlook at least $28 million after withdrawing the $50 million target
- ➤October bookings near $25 million lifted backlog above $52 million
- ➤Q3 revenue $6.58 million, up 8.0% year-over-year
- ➤Nine-month gross profit rose 41.1% to $7.07 million
- ➤Nine-month net loss widened to $6.50 million from $3.80 million
Expert Statements
Fawad Maqbool, Founder and Chief Executive Officer of AmpliTech Group
“Third-quarter revenue increased year-over-year, Spectrum delivered strong growth, and we achieved a meaningful sequential improvement in gross margin”
Fawad Maqbool, Founder and Chief Executive Officer of AmpliTech Group
“Equally important, our nine-month gross profit growth demonstrates the benefit of our evolving business mix as we work to scale higher-value programs across the Company.”
Fawad Maqbool, Founder and Chief Executive Officer of AmpliTech Group
“We are encouraged by the customer activity we have announced since quarter-end, including our largest single purchase order to date and a record backlog exceeding $52 million as of October 21. These are important commercial milestones, but our priority remains disciplined execution, turning firm orders into product deliveries, customer acceptance and revenue.”
Fawad Maqbool, Founder and Chief Executive Officer of AmpliTech Group
“With a significantly strengthened balance sheet, continued investment in engineering and manufacturing capability, and commercial opportunities spanning telecommunications, satellite, defense and quantum-related applications, we believe AmpliTech is better positioned to pursue long-term growth. We are focused on converting that potential into sustainable financial performance. The Company's strategy is to leverage its proprietary technology portfolio, strengthened financial position, and planned production capabilities to improve operational efficiency, support customer acquisition and retention, and facilitate the conversion of customer orders into revenue.”
HAUPPAUGE, N.Y., Nov. 12, 2026 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGZ) (the “Company” or “AmpliTech”), a designer, developer and manufacturer of advanced radio frequency (RF) microwave components, 5G communications systems, semiconductor solutions and quantum-computing low-noise amplifiers (LNAs), today announced unaudited financial results for the three - and nine-months quarter ended September 30, 2026.
Third Quarter 2026 Highlights * Revenue increased 8.0% year-over-year to $6.58 million, compared with $6.09 million in the third quarter of 2025. * Spectrum Semiconductor Materials distribution revenue increased 36.4% year-over-year to $2.89 million, reflecting higher distribution-channel sales volumes and continued business expansion. * Gross margin increased sequentially to 34.2% from 27.9% in Q2 2026, an improvement of approximately 6.3 percentage points. Quarterly gross profit was $2.25 million. * Net loss narrowed sequentially to $1.89 million, or $0.07 per basic and diluted share, from approximately $3.09 million in Q2 2026. * For the first nine months of 2026, gross profit increased 41.1% year-over-year to $7.07 million, while gross margin expanded to 35.3% from 24.2% in the prior-year period. * The Company previously announced receipt of more than $17 million in customer purchase orders during Q3 2026, including follow-on orders under established O-RAN radio programs. Purchase orders are distinct from recognized revenue. * At September 30, 2026, cash, cash equivalents and marketable securities totaled approximately $30.27 million; working capital reached approximately $42.14 million. * Shareholders’ equity doubled to $65.7 million Financial Performance
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