AmpliTech Group Reports Unaudited Record FY2025 Revenue And Reaffirms $50M + FY2026 Revenue Outlook

Rhea-AI Summary

AmpliTech (NASDAQ: AMPG) reported unaudited record FY2025 revenue of ~$25 million, up 163% YoY, and said this met its publicly issued guidance. The company reaffirmed FY2026 revenue guidance of at least $50 million, implying roughly 100% year-over-year growth.

Operationally, AmpliTech said production shipments under a $100 million LOI began in December 2025 and shipments under a $40 million LOI with a North American mobile operator are expected to resume in Q1 2026. The company cited ORAN 5G product validation, multi-vendor interoperability, participation in ORAN Alliance plugfests, and active funded purchase orders as drivers supporting the FY2026 outlook.

Positive

• FY2025 revenue of $25M (+163% YoY)
• Reaffirmed FY2026 revenue guidance of ≥$50M
• Production shipments under $100M LOI started Dec 2025
• Shipments under $40M LOI expected to resume in Q1 2026
• ORAN 5G radio products demonstrated multi-vendor interoperability

Negative

• FY2026 target requires ~100% YoY revenue growth
• Guidance depends on converting LOIs and funded POs into shipments

News Market Reaction – AMPG

+11.28% 2.5x vol

10 alerts

+11.28% News Effect

+2.4% Peak Tracked

-6.4% Trough Tracked

+$8M Valuation Impact

$77M Market Cap

2.5x Rel. Volume

On the day this news was published, AMPG gained 11.28%, reflecting a significant positive market reaction. Argus tracked a peak move of +2.4% during that session. Argus tracked a trough of -6.4% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $8M to the company's valuation, bringing the market cap to $77M at that time. Trading volume was elevated at 2.5x the daily average, suggesting notable buying interest.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

FY2025 revenue: $25 million FY2025 YoY growth: 163% FY2026 revenue outlook: $50 million+ +5 more

8 metrics

FY2025 revenue $25 million Unaudited full-year 2025, record revenue

FY2025 YoY growth 163% Revenue growth vs prior fiscal year

FY2026 revenue outlook $50 million+ Reaffirmed minimum revenue guidance for fiscal 2026

FY2026 YoY growth 100% Guided year-over-year growth implied by FY2026 outlook

Letter of intent $100 million Previously announced LOI with production shipments starting Dec 2025

Letter of intent $40 million LOI with North American mobile network operator, shipments expected to resume Q1 2026

Price change 9.7% Pre-news 24h move in AMPG shares

52-week range $1.21 – $5.55 Pre-news 52-week low and high for AMPG

Market Reality Check

Price: $2.66 Vol: Volume 348,299 is in line...

normal vol

$2.66 Last Close

Volume Volume 348,299 is in line with 20-day average of 343,413 (rel. 1.01x). normal

Technical Price $3.28 is trading above 200-day MA at $2.81.

Peers on Argus

AMPG gained 9.7% while key peers were mixed: CMTL +5.94%, OCC +2.24%, LTRX +3.36...

AMPG gained 9.7% while key peers were mixed: CMTL +5.94%, OCC +2.24%, LTRX +3.36%, but SILC -4.25% and INSG -2.79%, indicating a company-specific reaction to the revenue and outlook update.

Historical Context

5 past events · Latest: Dec 30 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 30	5G handover validation	Positive	+2.5%	100% Open RAN handover validation at POWDER OTIC PlugFest for O-RUs.
Dec 11	Rights offering update	Negative	-3.4%	Unit rights offering at $4 per unit with oversubscriptions and extension.
Dec 08	Massive MIMO testing	Positive	+3.3%	First U.S. company with 64T64R CAT-B Massive MIMO O-RU in O-RAN labs.
Dec 08	Offering reminder	Neutral	+3.3%	Reminder of unit rights offering terms and exercise deadlines for holders.
Dec 04	Shareholder meeting/demo	Positive	+4.3%	Announcement of annual meeting and ORAN 5G performance demonstration event.

Pattern Detected

Recent technical and commercial milestones have generally seen positive price alignment; the rights offering also saw a negative move consistent with its dilutive nature.

Recent Company History

Over the last month, AmpliTech highlighted multiple 5G Open RAN milestones and capital markets activity. On Dec 4, it announced an annual meeting and ORAN demo day. On Dec 8, it reported 64T64R Massive MIMO O-RU PlugFest progress, followed on Dec 30 by 100% handover validation at POWDER OTIC. In parallel, a rights offering at $4 per unit and related reminders/filings expanded capital-raising capacity. Today’s FY2025 record revenue and reaffirmed $50M+ FY2026 outlook build directly on those technical validations and funding efforts.

Market Pulse Summary

The stock surged +11.3% in the session following this news. A strong positive reaction aligns with A...

Analysis

The stock surged +11.3% in the session following this news. A strong positive reaction aligns with AmpliTech’s pattern of favorable responses to 5G milestones and growth updates. The reaffirmed FY2026 revenue outlook of at least $50 million on top of record FY2025 revenue and active $100 million and $40 million LOIs reinforces a scaling story. However, investors have recently digested a rights offering and expanded equity plan, which could weigh on longer-term dilution perceptions if execution against these growth targets falters.

Key Terms

open ran, oran 5g, o-ran 5g, multi-vendor interoperability, +4 more

8 terms

open ran technical

"execution across AmpliTech’s Open RAN and RF product portfolio."

Open RAN is an approach to building the radio part of mobile networks that breaks the system into standard, swappable pieces so equipment from different suppliers can fit together, like using Lego bricks instead of one molded toy. For investors, it can mean lower equipment costs, more supplier competition and faster innovation — but also potential integration and security risks that can affect telecom vendors, operators and capital spending plans.

oran 5g technical

"advanced its ORAN 5G Division from development and qualification, into commercial execution"

Oran 5G refers to the Open Radio Access Network approach applied to fifth-generation mobile networks, where radio and network components use standardized, open interfaces so parts from different suppliers can work together. For investors, it matters because open RAN can lower deployment costs, increase supplier competition and innovation, and change who benefits from 5G upgrades—similar to replacing a proprietary appliance ecosystem with interchangeable parts that are cheaper and easier to swap.

o-ran 5g technical

"delivering multi-million-dollar orders across multiple O-RAN 5G configurations, simultaneously"

O-RAN 5G is an approach to building next-generation mobile networks that breaks the radio network into separate, interoperable pieces with open interfaces and software-controlled components. For investors, it matters because this shift can reduce reliance on a few big suppliers, lower deployment costs, and create opportunities for new vendors and software players — but it also introduces integration and security risks as networks mix equipment from multiple providers.

multi-vendor interoperability technical

"radio products in multi-vendor interoperability environments, converting technical validation"

Multiple vendors’ products or systems can work together seamlessly, exchanging data and functioning as a single workflow rather than isolated pieces. For investors this matters because it reduces reliance on one supplier, lowers integration costs and upgrade risk, and widens potential markets—like buying accessories that fit any phone instead of being locked into one brand, which can boost adoption and steady revenue streams.

oran alliance plugfests technical

"actively participating in additional ORAN Alliance Plugfests, with technical programs"

O-RAN Alliance plugfests are collaborative testing events where equipment makers and software developers assemble open radio access network components to verify they interoperate and meet shared technical specifications. For investors, successful plugfests reduce deployment risk, accelerate product readiness and broaden supplier choice—like an appliance compatibility fair that makes it safer to mix brands—so results can affect sales prospects, adoption speed and competitive positions in telecom markets.

artificial intelligence technical

"network optimization using Artificial Intelligence with major participants"

Artificial intelligence is the ability of computers and machines to perform tasks that typically require human thinking, such as understanding language, recognizing patterns, or making decisions. For investors, it matters because AI can enhance efficiency, uncover new insights, and enable smarter strategies, potentially impacting the value and performance of companies that develop or utilize this technology.

letter of intent financial

"production shipments under its previously announced $100 million letter of intent (LOI)"

A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.

backlog financial

"Based on current backlog, active customer programs across all of its divisions"

A backlog is the amount of work or orders that a company has received but hasn't completed yet. It’s like a restaurant with many dishes to serve; the backlog shows how many orders are still waiting to be finished. It matters because a large backlog can indicate strong demand or potential delays in delivering products or services.

AI-generated analysis. Not financial advice.

HAUPPAUGE, N.Y., Jan. 05, 2026 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (NASDAQ: AMPG) (“AmpliTech” or the “Company”) today announced unaudited record full-year revenue of approximately $25 million for fiscal year 2025, up 163% YoY, exceeding analyst’s expectations given at the beginning of the year and meeting the Company’s publicly issued revenue guidance. Building on this momentum, AmpliTech reaffirmed revenue guidance of at least $50 million for fiscal year 2026, representing approximately 100% year-over-year growth.

Technology Validation and Commercial Momentum
Fiscal year 2025 marked the strongest annual revenue performance in the Company’s history, reflecting accelerating customer demand, improved conversion of pipeline opportunities into purchase orders, and disciplined execution across AmpliTech’s Open RAN and RF product portfolio.

During FY2025, AmpliTech advanced its ORAN 5G Division from development and qualification, into commercial execution, achieving critical milestones required by network operators and ecosystem partners prior to scaled deployment. The Company demonstrated performance of its ORAN 5G radio products in multi-vendor interoperability environments, converting technical validation into recurring commercial activity. The Company is actively participating in additional ORAN Alliance Plugfests, with technical programs including network optimization using Artificial Intelligence with major participants in the ORAN 5G and AI ecosystem.

Operational Readiness and FY2026 Outlook
AmpliTech Group confirmed that production shipments under its previously announced $100 million letter of intent (LOI), officially started in December 2025, and that shipments under its $40 million LOI with a North American mobile network operator are expected to resume early in the 2026 first quarter. Importantly, the Company anticipates concurrent production shipments for both LOIs during Q1, underscoring that AmpliTech’s supply chain and manufacturing operations are fully engaged and execution-ready, fully capable of delivering multi-million-dollar orders across multiple O-RAN 5G configurations, simultaneously, for multiple customers.

Based on current backlog, active customer programs across all of its divisions, including signed letters of intent from which the Company is constantly receiving funded purchase orders, the Company reaffirmed its expectation to deliver at least $50 million in revenue during fiscal year 2026. AmpliTech remains focused on disciplined growth, execution certainty, and long-term shareholder value creation.

About AmpliTech Group

AmpliTech Group, Inc., comprising five divisions, AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services, is a leading designer, developer, manufacturer, and distributor of cutting-edge radio frequency (RF) microwave components and 5G network solutions. Serving global markets including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, AmpliTech Group is committed to advancing technology and innovation. For more information, please visit www.amplitechgroup.com or amplitech5G.com.

Safe Harbor Statement
This release contains statements that constitute forward-looking statements. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things, that current backlog and LOI’s anticipated orders will be received or lead to further production orders and that the Company will achieve $25 million in revenue for 2025 and $50 million in revenue for 2026. The words "may" "would" "will" "expect" "estimate" "anticipate" "believe" "intend" for 5G orders and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Other risks are identified and described in more detail in the “Risk Factors” section of the Company’s filings with the SEC, which are available on our website and with the SEC at sec.gov. We undertake no obligation to update, and we do not have a policy of updating or revising these forward-looking statements, except as required by applicable law.

Contacts:

Corporate Social Media
X: @AmpliTechAMPG
Instagram: @AmpliTechAMPG
Facebook: AmpliTechInc
LinkedIn: AmpliTech Group Inc

Company Contact:
Jorge Flores
Tel: 631-521-7831
Investors@amplitechgroup.com

Investor Relations Contact:
Kirin Smith
ksmith@pcgadvisory.com

FAQ

What did AmpliTech (AMPG) report for fiscal year 2025 revenue?

AmpliTech reported unaudited FY2025 revenue of approximately $25 million, a 163% increase YoY.

What is AmpliTech's (AMPG) revenue outlook for fiscal year 2026?

The company reaffirmed guidance of at least $50 million in revenue for FY2026, about 100% growth YoY.

When did AmpliTech (AMPG) start production shipments under its $100M LOI?

Production shipments under the $100 million LOI officially started in December 2025.

When will shipments under AmpliTech's (AMPG) $40M LOI resume?

Shipments under the $40 million LOI with a North American mobile operator are expected to resume early in Q1 2026.

How does AmpliTech (AMPG) support its FY2026 guidance?

The company cites active backlog, funded purchase orders, ORAN 5G validation, and restarted production shipments as support.

What operational risks could affect AmpliTech's (AMPG) FY2026 target?

Meeting the target depends on converting LOIs and funded purchase orders into timely shipments and sustained supply chain execution.