Amplitude (AMPL) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue reached $100.9M–$101M, up 21% year-over-year, with ARR at $410M, up 22% year-over-year, driven by customer expansion and acquisitions including Statsig and InfiniGrow.

• Customers with over $100K in ARR grew 30% year-over-year to 824, with 48% using multiple products.

• Free cash flow hit $23.7M, with cash and investments totaling $162M at quarter end.

• The company completed integration of Statsig and InfiniGrow, enhancing AI analytics and experimentation capabilities.

• A restructuring program reduced the workforce by 5% to streamline operations and align costs.

Financial highlights

• Gross margin ranged from 68% to 71%, down year-over-year due to higher hosting, AI inference, and Statsig integration costs.

• Non-GAAP operating loss was $(1.5)M, with non-GAAP operating margin at (1)%–(1.5)%.

• Net loss per share was $(0.27) GAAP and $(0.01) non-GAAP.

• Free cash flow margin improved to 23.6%.

• Ended Q2 with $162M in cash and investments.

Outlook and guidance

• Q3 2026 revenue expected between $105.6M and $108M, with non-GAAP operating income $2.5M–$4.5M and non-GAAP EPS $0.02–$0.03.

• Full-year 2026 revenue guidance is $407.2M–$411.2M, non-GAAP operating income $6.3M–$9.3M, and non-GAAP EPS $0.06–$0.08.

• Management expects operating expenses as a percentage of revenue to decrease over time.

• Long-term goal remains 20%+ operating margin.

• Liquidity is sufficient for at least the next 12 months.