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, including $17M from Statsig and $19M organic growth.

• Customers with over $100K in ARR grew 30% year-over-year to 824, with 40 new customers from Statsig and 48% using multiple products.

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

• AI-native transformation and product innovation drove operational efficiencies, with AI features central to customer value and internal processes.

• Major enterprise wins included Paramount, Jaguar Land Rover, and Domino's Pizza; over 40 AI-native companies now pay more than $100K annually.

Financial highlights

• Free cash flow hit a record $23.7M (23.6%–24% of revenue), up from $18.2M year-over-year.

• Non-GAAP operating loss was $1.5M (1%–1.5% of revenue), flat year-over-year; GAAP net loss per share was $(0.27), non-GAAP net loss per share was $(0.01).

• Gross margin was 68%–71%, down year-over-year due to Statsig integration and higher AI-driven costs.

• Ended Q2 with $162M in cash and investments; $74.7M in cash, cash equivalents, and restricted cash.

• Net dollar retention rate was 105% for the quarter.

Outlook and guidance

• Q3 2026 revenue expected between $105.6M and $108M (19%–22% YoY growth); non-GAAP operating income $2.5M–$4.5M; non-GAAP EPS $0.02–$0.03.

• Full-year 2026 revenue guidance is $407.2M–$411.2M (19%–20% YoY growth); non-GAAP operating income $6.3M–$9.3M; non-GAAP EPS $0.06–$0.08.

• Long-term target remains 20%+ operating margin and revenue growth, with ambitions to reach 30%+ as AI and platform adoption accelerate.

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

• Current liquidity is sufficient for at least the next 12 months; additional financing may be sought if needed.