GlobeNewswire·Aug 13, 2026, 4:10 PM ET

AmpliTech Group Reports Q2 2026 Revenue of $8.07 Million, up 50.9% Sequentially, and Gross Profit Growth of 161.2% Year-over-Year

AmpliTech Group reported Q2 2026 revenue of $8.07 million, a 50.9% sequential increase from Q1 2026.
Gross profit rose 161.2% year-over-year to $2.25 million, resulting in a gross margin of 27.9% compared to 7.8% in Q2 2025.
Net loss widened to $(3.09) million from $(1.77) million in the prior-year quarter due to higher R&D \& SG\&A expenses.
Research \& development spending reached $1.37 million, including $1.08 million for 5G products \& $0.30 million for MMIC design.
Working capital stood at approximately $22.93 million as of June 30, 2026, with a current ratio of 3.76.
Cash, cash equivalents, \& marketable securities totaled $12.95 million as of June 30, 2026.
The company received approximately $21.92 million in gross proceeds from the Series A Rights exercise closed on July 22, 2026.
A stock repurchase program of up to $10 million was authorized on July 7, 2026, to buy back common stock over 24 months.
Management terminated its equity distribution agreement with Maxim Group LLC on July 7, 2026.
Over $6 million in follow-on orders were received in July 2026, including nearly $4 million under an LOI with a North American mobile network operator.
The company serves four primary markets: 5G telecommunications, SATCOM/space, defense/aerospace, \& semiconductor/quantum computing.
Management expects to meet operational obligations \& capital requirements for at least the next 12 months based on current liquidity.