Amplitude Q1 revenue rises, slightly beats estimates

Amplitude

06/05/2026 21:36

Overview

AI analytics platform's Q1 revenue rose 17% yr/yr, slightly beating analyst expectations

Non-GAAP net loss per share widened to $(0.02) from $(0.00) a year ago

Annual recurring revenue grew 17% yr/yr to $374 mln, enterprise customer base expanded

Outlook

Amplitude expects Q2 revenue between $96.9 mln and $99.1 mln

Company sees full-year 2026 revenue of $397.0 mln to $403.0 mln

Amplitude expects full-year 2026 non-GAAP net income per share of $0.03 to $0.06

Result Drivers

ENTERPRISE CUSTOMER EXPANSION - Co said growth was supported by an expanded enterprise customer base and more customers with $100,000+ and $1 mln+ in ARR

AI PRODUCT INNOVATION - Co cited strong early adoption of new AI-driven analytics products and features as a growth driver

NEW PRICING AND PACKAGING - Co said new pricing and packaging represented 25% of total contracted ARR in the qtr

Company press release: ID:nBw464dV7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$93.50 mln
$92.95 mln (10 Analysts)
Q1 EBIT
-$24.10 mln
Q1 Free Cash Flow
-$13.20 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "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 $11.00, about 38.4% above its May 5 closing price of $7.95

The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 79 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)