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AmpliTech Group (NASDAQ: AMPG) grows Q2 revenue to $8.07M, widens loss

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

AmpliTech Group, Inc. reported strong growth for the quarter ended June 30, 2026. Revenue reached $8.07 million, up 50.9% sequentially from $5.35 million, while gross profit rose 161.2% year-over-year to $2.25 million. Gross margin expanded to 27.9% from 7.8% in Q2 2025, though it was below the 48.0% achieved in Q1 2026.

Operating investment increased, with research and development expense rising to $1.37 million from $0.66 million, contributing to a wider net loss of $(3.09) million versus $(1.77) million a year earlier. As of June 30, 2026, the company reported $12.95 million in cash, cash equivalents and marketable securities, working capital of $22.93 million, total assets of $58.51 million and stockholders’ equity of $46.75 million. Management believes current resources support at least the next 12 months of operations.

Subsequently, the board authorized a $10 million stock repurchase program over 24 months, and the company closed its Series A Rights exercise, receiving approximately $21.92 million in gross proceeds and $20.12 million in net proceeds. AmpliTech also reported more than $6 million in follow-on orders in July 2026, including nearly $4 million tied to a Letter of Intent with a North American mobile network operator.

Positive

  • Revenue surged to $8.07 million, up 50.9% sequentially from $5.35 million, while gross profit climbed 161.2% year-over-year to $2.25 million, with gross margin improving to 27.9% from 7.8% in Q2 2025.
  • Liquidity and capitalization strengthened, with working capital of $22.93 million, $12.95 million in cash and equivalents, and additional $20.12 million in net proceeds from the Series A Rights exercise.
  • The board authorized a $10 million stock repurchase program over 24 months, and the company booked over $6 million in follow-on orders in July 2026, including nearly $4 million under a mobile network operator LOI.

Negative

  • Net loss widened to $(3.09) million from $(1.77) million in the prior-year quarter, driven by higher R&D and increased selling, general and administrative expenses.
  • Gross margin of 27.9%, while higher year-over-year, was below the 48.0% reported in Q1 2026, highlighting quarter-to-quarter variability tied to product and shipment mix.
  • Research and development expense more than doubled to $1.37 million from $0.66 million year-over-year, weighing on near-term profitability despite being aimed at 5G and MMIC programs.
Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q2 2026 Revenue $8.07 million Quarter ended June 30, 2026; up 50.9% sequentially from $5.35 million
Q2 2026 Gross Profit $2.25 million Quarter ended June 30, 2026; up 161.2% year-over-year from $0.86 million
Q2 2026 Gross Margin 27.9% Compared with 7.8% in the second quarter of 2025 and 48.0% in Q1 2026
Q2 2026 Net Loss $(3.09) million Quarter ended June 30, 2026; compared with $(1.77) million in the prior-year quarter
Working Capital $22.93 million As of June 30, 2026; compared with $10.16 million at December 31, 2025
Cash, Cash Equivalents and Marketable Securities $12.95 million As of June 30, 2026
Series A Rights Net Proceeds $20.12 million Net proceeds received after closing the Series A Rights exercise on July 22, 2026
Stock Repurchase Authorization $10 million Maximum amount authorized for stock repurchases over 24 months beginning July 7, 2026
working capital financial
"Working capital was approximately $22.93 million as of June 30, 2026"
Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.
Series A Rights regulatory
"following the July 18 expiration of the Series A Rights, the Company closed"
Series A rights are the specific protections and privileges attached to the first round of preferred shares sold to early investors, such as priority on company payouts, special voting influence, and the ability to keep their ownership percentage in later financing rounds. Think of them like a VIP ticket that gives holders safer exit priority and stronger say in company decisions, which matters to investors because those rights reduce risk and preserve value.
equity distribution agreement financial
"On July 7, 2026, the Company terminated its equity distribution agreement"
An equity distribution agreement is a formal plan between a company and financial institutions to sell newly issued shares of the company's stock to investors over a period of time. It helps the company raise money gradually, similar to filling a container with water in stages, rather than all at once. For investors, it provides an organized way to buy shares and can influence the stock's supply and price.
stock repurchase program financial
"the Board of Directors authorized a stock repurchase program of up to $10 million"
A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.
gross margin financial
"Gross margin was 27.9%, compared with 7.8% in the second quarter of 2025"
Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.
Letter of Intent financial
"including nearly $4 million in additional orders under its previously announced Letter of Intent"
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.
Revenue $8.07 million Up 50.9% sequentially from $5.35 million in Q1 2026
Gross Profit $2.25 million Up 161.2% year-over-year from $0.86 million in Q2 2025
Gross Margin 27.9% Compared with 7.8% in Q2 2025 and 48.0% in Q1 2026
Net Loss $(3.09) million Compared with $(1.77) million in the prior-year quarter

FAQ

How did AmpliTech Group (AMPG) perform financially in Q2 2026?
AmpliTech reported Q2 2026 revenue of $8.07 million, up 50.9% sequentially from $5.35 million. Gross profit was $2.25 million, up 161.2% year-over-year, and gross margin improved to 27.9% from 7.8% in Q2 2025.

What was AmpliTech Group (AMPG)’s profitability in Q2 2026?
AmpliTech recorded a net loss of $(3.09) million in Q2 2026, compared with $(1.77) million in the prior-year quarter. The larger loss mainly reflects higher research and development spending and increased selling, general and administrative expenses.

What is AmpliTech Group (AMPG)’s liquidity and balance sheet position as of June 30, 2026?
As of June 30, 2026, AmpliTech reported $12.95 million in cash, cash equivalents and marketable securities, $22.93 million in working capital, total assets of $58.51 million and stockholders’ equity of $46.75 million, supporting at least 12 months of projected operations.

What capital actions did AmpliTech Group (AMPG) take after Q2 2026?
On July 7, 2026, the board authorized a $10 million stock repurchase program. On July 22, 2026, AmpliTech closed the Series A Rights exercise, receiving approximately $21.92 million gross and $20.12 million net proceeds after fees and expenses.

How are AmpliTech Group (AMPG)’s R&D investments evolving?
Q2 2026 research and development expense was $1.37 million, up from $0.66 million a year earlier. Spending included about $1.08 million for 5G programs and $0.30 million for MMIC design, reflecting ongoing investment in future product commercialization.

What recent order activity did AmpliTech Group (AMPG) report?
AmpliTech reported receiving more than $6 million in follow-on orders during July 2026, including nearly $4 million in additional orders under a previously announced Letter of Intent with a North American mobile network operator.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 13, 2026

 

AmpliTech Group, Inc.

(Exact name of registrant as specified in our charter)

 

Nevada   001-40069   27-4566352

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

155 Plant Avenue,

Hauppauge, NY

   11788
(Address of Principal Executive Offices)   (Zip Code)

 

(631) 521-7831

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001 per share   AMPG   The Nasdaq Stock Market LLC
         
Series B Right to purchase one share of common stock   AMPGZ   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 2.02 Results of Operations and Financial Condition.

 

On August 13, 2026, AmpliTech Group, Inc. (the “Company”) issued a press release reporting its unaudited results for the second quarter of 2026.

 

The information furnished in this Item 2.02, including the Company’s press release dated August 13, 2026, attached as an exhibit hereto, on this Current Report on Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended or the Exchange Act, regardless of any general incorporation language in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Press Release dated August 13, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on our behalf by the undersigned hereunto duly authorized.

 

  AmpliTech Group, Inc.
     
  By: /s/ Fawad Maqbool
    Fawad Maqbool
    Chief Executive Officer
     
Dated: August 13, 2026    

 

 

 

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

AmpliTech Group Reports Q2 2026 Revenue of $8.07 Million, Up 50.9% Sequentially,

and Gross Profit Growth of 161.2% Year-over-Year

Gross margin expands to 27.9% from 7.8% in Q2 2025

 

Hauppauge, NY, August 13, 2026, AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGZ), a designer, developer, and manufacturer of advanced radio frequency (RF) microwave components, 5G communication systems, semiconductor solutions and quantum computing LNAs, today announced financial results for the quarter ended June 30, 2026.

 

Second Quarter 2026 Highlights

 

● Revenue was $8.07 million, an increase of approximately 50.9% sequentially from $5.35 million in the first quarter of 2026.
   
● Gross profit increased 161.2% year-over-year to $2.25 million from $0.86 million in the prior-year quarter.
   
● Gross margin was 27.9%, compared with 7.8% in the second quarter of 2025.
   
● Sales in the amplifier and related passive microwave components and subsystems business increased 42.7% year-over-year.
   
● Research and development expense was $1.37 million, compared with $0.66 million in the prior-year quarter, reflecting continued investment in 5G product development, prototype and testing activity, consulting support and MMIC design. Q2 R&D included approximately $1.08 million of 5G expenses and $0.30 million of MMIC design expenses.
   
● Net loss was $(3.09) million, compared with $(1.77) million in the prior-year quarter, reflecting higher research and development investment as well as increased selling, general and administrative expenses, including amortization, legal fees, stock-based compensation, marketing and business development activity.
   
● Working capital was approximately $22.93 million as of June 30, 2026, compared with approximately $10.16 million at December 31, 2025. The current ratio was approximately 3.76. (working capital figure does not include rights offering proceedings which came in July 2026).
   
● Cash, cash equivalents and marketable securities totaled approximately $12.95 million as of June 30, 2026.
   
● Accounts receivable at $6.25 million

 

 

 

 

Operational and Strategic Progress

 

The second quarter demonstrated continued monetization across AmpliTech’s operating platform. The Company continues to develop and commercialize technologies serving four principal end markets:

 

● 5G / telecommunications infrastructure, including O-RAN radio systems and next-generation wireless infrastructure solutions

 

● SATCOM and space applications utilizing advanced RF and microwave technologies

 

● Defense and aerospace communications applications

 

● Semiconductor and quantum computing applications, including Spectrum Semiconductor Materials, MMIC technologies and cryogenic low-noise amplifier solutions

 

Management views the Company’s current stage as one of scaling commercialization and monetization rather than beginning it. The sequential revenue growth achieved in Q2, new ORAN 5G product sales, the expansion of Spectrum’s distribution business and continued sales growth in amplifier and passive microwave products demonstrate revenue contribution from multiple parts of the platform. At the same time, the Company continued to invest ahead of anticipated larger opportunities, particularly in 5G and MMIC development.

 

Balance Sheet and Liquidity

 

As of June 30, 2026, AmpliTech reported:

 

● Cash, cash equivalents and marketable securities of approximately $12.95 million
   
● Total current assets of approximately $31.25 million
   
● Working capital of approximately $22.93 million
   
● Total assets of approximately $58.51 million
   
● Total stockholders’ equity of approximately $46.75 million

 

Based on its existing cash and cash equivalents, working capital, current and forecasted level of operations and forecasted cash flows, the Company believes it will be able to meet obligations arising from normal business operations and provide for capital requirements for at least the next 12 months.

 

Subsequent Corporate Developments

 

● On July 7, 2026, the Company terminated its equity distribution agreement with Maxim Group LLC.
   
● On July 7, 2026, the Board of Directors authorized a stock repurchase program of up to $10 million of the Company’s outstanding common stock over the following 24 months, subject to market conditions, applicable law and other considerations.
   
● On July 22, 2026, following the July 18 expiration of the Series A Rights, the Company closed the Series A Rights exercise process and received approximately $21.92 million in gross proceeds and approximately $20.12 million in net proceeds after fees and expenses.
   
● Received more than $6 million in follow-on orders during July 2026 alone, including nearly $4 million in additional orders under its previously announced Letter of Intent (“LOI”) with a North American mobile network operator.

 

 

 

 

Outlook

 

AmpliTech remains focused on scaling revenue, improving operating leverage and converting its technology and customer programs into increasing commercial production. Management believes the Company’s diversified exposure across 5G/telecommunications, SATCOM and space, defense and aerospace, and semiconductor and quantum computing markets provides multiple potential growth drivers while leveraging common RF, microwave and semiconductor capabilities across the organization.

 

The Company remains focused on:

 

● Scaling commercialization and recurring production revenue
   
● Advancing 5G O-RAN radio and MMIC programs

 

● Growing Spectrum’s semiconductor distribution business
   
● Improving operational efficiency and margin performance as product and shipment mix evolves
   
● Maintaining disciplined investment in engineering, testing, manufacturing capacity and business development
   
● Supporting long-term sustainable growth and shareholder value creation

 

“The second quarter showed strong sequential revenue momentum, with revenue increasing approximately 51% from Q1 to $8.07 million and gross profit increasing more than 160% year-over-year,” said Fawad Maqbool, Chief Executive Officer of AmpliTech Group. These results reinforce that monetization is already underway across our platform; our focus now is to scale that monetization as additional programs progress through commercialization and toward larger-volume opportunities.”

 

Mr. Maqbool continued, “Gross margin was 27.9% in Q2, below the 48.0% achieved in Q1 but materially above the 7.8% reported in Q2 2025. Quarter-to-quarter margin performance can vary based on product and shipment mix, and we remain focused on improving operating leverage as our business scales. During Q2, we increased investment in R&D, particularly in 5G and MMIC development, and expanded marketing and business development activities. These investments affected the near-term bottom line, but they are intended to support broader commercialization and future operating scale.”

 

Mr. Maqbool concluded, “AmpliTech is positioned across four principal growth markets, 5G and telecommunications, SATCOM and space, defense and aerospace, and semiconductor and quantum computing, while leveraging common RF, microwave and semiconductor capabilities across the organization, the combined TAM’s on these segments in the billions of dollars. We believe this diversification, together with our strengthened capital position following the Series A Rights closing, provides a strong foundation for disciplined execution and long-term shareholder value creation.”

 

 

 

 

About AmpliTech Group, Inc.

 

AmpliTech Group, Inc. (NASDAQ: AMPG, AMPGZ) designs, develops, and manufactures advanced RF and microwave signal-processing components and systems for satellite, 5G/6G telecom, quantum computing, defense, space and semiconductor applications. Its operations include AmpliTech Inc., Specialty Microwave, Spectrum Semiconductor Materials, AmpliTech Group MMIC Design Center and AmpliTech Group True G Speed Services. Through continuous innovation and U.S.-based manufacturing, AmpliTech is enabling the next generation of connectivity and communication systems. For further information, please visit www.amplitechgroup.com

 

Safe Harbor Statements

 

This release contains statements that constitute forward-looking statements. These statements 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, future commercialization, production volumes, revenue growth, operating leverage, margin performance, market opportunities, capital requirements and long-term shareholder value creation. Words such as “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” “plan,” “potential,” 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 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. The Company undertakes no obligation to update or revise these forward-looking statements, except as required by applicable law.

 

Contacts:

 

Corporate Social Media

LinkedIn: AmpliTech Group, Inc.

 

Company Contact:

 

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

 

 

 

Source: View Original Filing on SEC EDGAR

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