Amplitude Q2 revenue beats estimates on strong adoption of AI solutions

Amplitude

05/08/2026 21:55

Overview
AI analytics platform's Q2 revenue rose 21% yr/yr, beating analyst expectations
Adjusted loss per share for Q2 met analyst expectations
Annual recurring revenue grew 22% yr/yr as customers adopted more AI solutions

Outlook
Amplitude expects Q3 2026 revenue of $105.6-$108.0 mln
Company sees full-year 2026 revenue of $407.2-$411.2 mln
Amplitude expects Q3 2026 non-GAAP net income per share of $0.02-$0.03

Result Drivers
AI SOLUTIONS ADOPTION - Co said customers are using more of its AI solutions to accelerate their own development
STATSIG INTEGRATION - Integration of Statsig and Amplitude platforms contributed $17 mln and $19 mln in ARR, respectively, per CFO
PRODUCT INNOVATION - Co expanded AI-driven analytics features, including Global Agent and Agent Analytics, to enhance customer engagement

Company press release: ID:nBw2yhk24a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$100.90 mln
$98.16 mln (11 Analysts)
Q2 Adjusted Loss Per Share
Meet
$0.01
$0.01 (12 Analysts)
Q2 EBIT
 
-$35.20 mln
 
Q2 Free Cash Flow
 
$23.70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Amplitude, Inc. is $10.00, about 1.2% above its August 4 closing price of $9.88
The stock recently traded at 101 times the next 12-month earnings vs. a P/E of 54 three months ago

Reuters Recommended Reads
Aug 5 - Dynatrace Q1 revenue slightly beats estimates on new customer growth
Aug 3 - Palantir Q2 revenue beats expectations; raises outlook
Aug 4 - 8x8 Q1 revenue beats estimates on AI solutions adoption 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)