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AmpliTech (NASDAQ: AMPG) posts 48.6% Q1 revenue growth and stronger margins

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

Rhea-AI Filing Summary

AmpliTech Group, Inc. reported strong preliminary results for the first quarter of 2026, highlighted by rapid growth and better profitability. Revenue rose 48.6% year-over-year to $5.35 million from $3.60 million, while gross profit increased 116.1% to $2.57 million. Gross margin expanded to 48.0% from 33.0%, helped by a sharp increase in manufacturing and engineering segment revenue to $3.28 million from $0.99 million.

The company’s net loss improved 17.3% year-over-year to $(1.52) million. Liquidity strengthened, with cash, cash equivalents and marketable securities at approximately $18.4 million as of March 31, 2026, and working capital at about $25.4 million versus $10.2 million on December 31, 2025. The current ratio improved to 4.25 from 1.68 and total assets to total liabilities improved to $48.36 million from $32.86 million, and the company remains debt free.

Management noted progress advancing 5G ORAN radio systems, MMIC chip designs, satellite and defense communications applications, and other next-generation wireless infrastructure solutions. The company reaffirmed that its full-year revenue guidance remains achievable and expects revenue to be more heavily weighted toward the second half of the year.

Positive

  • Strong top-line and margin performance: Q1 2026 revenue grew 48.6% year-over-year to $5.35 million, gross profit rose 116.1% to $2.57 million, and gross margin expanded to 48.0% from 33.0%.
  • Substantially stronger balance sheet: Working capital increased to approximately $25.4 million from $10.2 million and the current ratio improved to 4.25 from 1.68; the company remains debt free.
  • Capital raised for growth: A rights offering and a registered direct offering together generated aggregate net proceeds exceeding $16 million to fund growth initiatives and working capital.

Negative

  • None.

Insights

Q1 2026 shows strong growth, margin expansion, and a fortified balance sheet.

AmpliTech delivered a 48.6% year-over-year revenue increase to $5.35 million, while gross profit more than doubled to $2.57 million. Gross margin rose from 33.0% to 48.0%, suggesting improved mix, pricing, or manufacturing efficiency.

The balance sheet strengthened meaningfully: cash, cash equivalents and marketable securities reached $18.4 million and working capital expanded to about $25.4 million. The current ratio moved from 1.68 to 4.25, and the company remains debt free, which can support ongoing product commercialization in 5G ORAN, MMIC, and satellite/defense markets.

Management states full-year revenue guidance remains achievable, with revenue recognition expected to skew to the second half of 2026. Actual results will depend on customer delivery schedules, production timing, and order flow disclosed for the remainder of the year.

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.
Q1 2026 revenue $5.35 million Quarter ended March 31, 2026; up 48.6% YoY from $3.60 million
Q1 2026 gross profit $2.57 million Quarter ended March 31, 2026; up 116.1% YoY from $1.19 million
Q1 2026 gross margin 48.0% Quarter ended March 31, 2026; up from 33.0% prior-year period
Q1 2026 net loss $(1.52) million Quarter ended March 31, 2026; 17.3% year-over-year improvement
Cash and marketable securities $18.4 million As of March 31, 2026; cash, cash equivalents and marketable securities
Working capital $25.4 million As of March 31, 2026; up from $10.2 million on December 31, 2025
Capital raised in offerings Over $16 million Aggregate net proceeds from rights offering and registered direct offering in Q1 2026
Total assets to total liabilities $48.36M vs $32.86M Improved ratio to $48.36 million from $32.86 million as of December 31, 2025
gross margin financial
"Gross margin improved significantly to 48.0%, compared to 33.0% in the prior-year period."
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.
working capital financial
"Working capital improved to approximately $25.4 million from $10.2 million on December 31, 2025."
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.
rights offering financial
"the Company completed both a rights offering and a registered direct offering, generating aggregate net proceeds exceeding $16 million"
A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.
registered direct offering financial
"completed both a rights offering and a registered direct offering, generating aggregate net proceeds exceeding $16 million"
A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.
ORAN technical
"The Company continued to advance commercialization initiatives related to 5G ORAN radio systems"
MMIC technical
"Multiple 5G and MMIC development programs advanced further into commercialization stages."
A MMIC (monolithic microwave integrated circuit) is a tiny semiconductor chip that generates, amplifies or processes very high‑frequency radio signals used in radar, satellite links, 5G networks and some sensors. Think of it as a compact radio engine on a single piece of silicon; investors watch MMICs because they are critical components in fast‑growing communications and defense markets, affecting product performance, production cost, supply risk and revenue potential.
Revenue $5.35 million +48.6% YoY
Gross profit $2.57 million +116.1% YoY
Gross margin 48.0% up from 33.0% prior-year
Net loss $(1.52) million 17.3% YoY improvement
Guidance

Management believes full-year revenue guidance remains achievable and expects revenue recognition to be more heavily weighted toward the second half of 2026.

Understanding 8-K Material Events →
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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): May 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 A Right to purchase one share of common stock   AMPGR   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 May 13, 2026, AmpliTech Group, Inc. (the “Company”) issued a press release indicating its unaudited results for the first quarter of 2026.

 

The information furnished in this Item 2.02, including the Company’s press release dated May 13, 2026, attached as a exhibit hereto, on this Current Report on Form 8-K shall not be deemed “filed” for the purposes of Section 18 of 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 (the “Securities Act”), or the Exchange Act, regardless of any general incorporation language in such filing.

 

Item 9.01 Financial Statement and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Press Release dated May 13, 2026
104   Cover Page Interactive Data File (formatted as Inline XBRL)

 

 

 

 

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: May 13, 2026    

 

 

 

 

Exhibit 99.1

 

AmpliTech Group Reports Strong First Quarter 2026 Revenue Growth and Significant Q1 Gross Margin Expansion YoY

 

Hauppauge, NY, May 13, 2026, AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGR, AMPGZ), a designer, developer, and manufacturer of advanced radio frequency (RF) microwave components, 5G communication systems and Quantum computing LNAs, today announced financial results for the quarter ended March 31, 2026.

 

First Quarter 2026 Highlights

 

● Revenue increased 48.6% year-over-year to $5.35 million, compared to $3.60 million in the first quarter of 2025.

● Gross profit increased 116.1% year-over-year to $2.57 million from $1.19 million in the prior- year period.

● Gross margin improved significantly to 48.0%, compared to 33.0% in the prior-year period.

● Manufacturing and engineering segment revenue increased to $3.28 million from $0.99 million in the prior-year quarter.

● Net loss improved 17.3% year-over-year to $(1.52) million.

● Cash, cash equivalents and marketable securities increased to approximately $18.4 million as of March 31, 2026.

● Working capital improved to approximately $25.4 million from $10.2 million on December 31, 2025. Current ratio (defined as current assets/current liabilities) improved to 4.25 from 1.68 on December 31, 2025.

● Multiple 5G and MMIC development programs advanced further into commercialization stages.

● Total Assets to Total Liabilities improved approximately 47% to $48.36 million from $32.86 million on December 31, 2025. AmpliTech Group remains debt free.

 

Operational and Strategic Progress

 

During the quarter, the Company continued to advance commercialization initiatives related to:

 

● 5G ORAN radio systems

● Proprietary RF and microwave technologies

● 5G MMIC chip design programs

● Satellite and defense communications applications

● Next-generation wireless infrastructure solutions

 

The Company also reported lower research and development expenses year-over-year as several products transitioned from active development into commercialization and deployment phases.

 

 

 

 

Balance Sheet and Liquidity

 

As of March 31, 2026, AmpliTech reported:

 

● Cash, cash equivalents and marketable securities of $18.4 million

● Total current assets of approximately $33.2 million

● Total stockholders’ equity of approximately $48.4 million

 

During the quarter, the Company completed both a rights offering and a registered direct offering, generating aggregate net proceeds exceeding $16 million to support growth initiatives, working capital requirements, and operational expansion.

 

Outlook

 

Management believes the Company is positioned to continue benefiting from:

 

● Expanding global 5G infrastructure deployment activity

● Increasing demand for RF and microwave technologies

● Continued development of ORAN ecosystem opportunities

● Growth in satellite and defense communications markets

● Increasing adoption of compact high-performance MMIC-based solutions

 

The Company remains focused on:

 

● Expanding revenue scale

● Improving operational leverage

● Strengthening internal controls and infrastructure

● Increasing commercialization activity

● Supporting long-term sustainable growth

 

“The first quarter of 2026 reflects meaningful progress across several areas of our business,” said Fawad Maqbool, Chief Executive Officer of AmpliTech Group. “We achieved substantial revenue growth YoY, expanded gross margins significantly, strengthened our balance sheet, and continued transitioning key technologies from development into commercial deployment.”

 

Mr. Maqbool continued, “We believe our investments in 5G ORAN radio technologies, MMIC design capabilities, and advanced RF systems are beginning to contribute more meaningfully to operational performance. We are encouraged by the increasing demand environment for next-generation wireless infrastructure and remain focused on disciplined execution, operational scalability, and long-term shareholder value creation.” Mr. Maqbool concluded: “The Company continues to believe its full-year revenue guidance remains achievable; however, based on current customer delivery schedules, production timing, and anticipated order flow, the Company expects revenue recognition to be more heavily weighted toward the second half of the year”.

 

 

 

 

About AmpliTech Group, Inc.

 

AmpliTech Group, Inc. (NASDAQ: AMPG, AMPGR, AMPGZ) designs, develops, and manufactures advanced RF and microwave signal-processing components and systems for satellite, 5G/6G telecom, quantum computing, defense, and space applications. Its five divisions, AmpliTech Inc., Specialty Microwave, Spectrum Semiconductor Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group 5G Divisions work symbiotically and serve customers worldwide. 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 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 the words “may” “would” “will” “expect” “estimate” “anticipate” “believe” “intend” 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. 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.

 

Corporate Social Media

 

X: @AmpliTechAMPG

Instagram: @AmpliTechAMPG

Facebook: AmpliTechInc

LinkedIn: AmpliTech Group Inc

 

Company Contact:

 

Jorge Flores

Tel: 631-521-7831

Investors@amplitechgroup.com

 

 

 

Source: View Original Filing on SEC EDGAR

FAQ

How did AmpliTech (AMPG) perform financially in Q1 2026?

AmpliTech reported Q1 2026 revenue of $5.35 million, up 48.6% year-over-year from $3.60 million. Gross profit grew 116.1% to $2.57 million and gross margin improved to 48.0% from 33.0%, while net loss narrowed to $(1.52) million.

What happened to AmpliTech’s gross margin in the first quarter of 2026?

AmpliTech’s Q1 2026 gross margin improved to 48.0%, compared with 33.0% in the prior-year period. This reflects gross profit of $2.57 million on $5.35 million of revenue, versus $1.19 million gross profit on $3.60 million revenue a year earlier.

How strong is AmpliTech’s (AMPG) balance sheet as of March 31, 2026?

As of March 31, 2026, AmpliTech reported $18.4 million in cash, cash equivalents and marketable securities, working capital of about $25.4 million, total stockholders’ equity around $48.4 million, and an improved current ratio of 4.25. The company also remains debt free.

What capital-raising transactions did AmpliTech complete in Q1 2026?

During Q1 2026, AmpliTech completed both a rights offering and a registered direct offering. These transactions generated aggregate net proceeds exceeding $16 million to help fund growth initiatives, working capital needs, and operational expansion efforts.

What is AmpliTech’s outlook for full-year 2026 revenue?

Management states its full-year revenue guidance remains achievable. Based on customer delivery schedules, production timing, and anticipated order flow, the company expects revenue recognition to be more heavily weighted toward the second half of 2026.

Which technologies and markets is AmpliTech focusing on for growth?

AmpliTech is emphasizing 5G ORAN radio systems, proprietary RF and microwave technologies, 5G MMIC chip designs, satellite and defense communications, and next‑generation wireless infrastructure solutions, aiming to transition these from development into broader commercial deployment.

Filing Exhibits & Attachments

5 documents

Press Releases

Other Documents