AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGR, AMPGZ) reported a 48.6% year-over-year increase in revenue for the first quarter of 2026, reaching $5.35 million compared to $3.60 million in the same period last year. The company also posted a significant improvement in gross margin, which rose to 48.0% from 33.0% in the prior-year period. Gross profit jumped 116.1% to $2.57 million, up from $1.19 million.
The manufacturing and engineering segment saw revenue climb to $3.28 million from $0.99 million in the first quarter of 2025. Net loss improved by 17.3% year-over-year to $(1.52) million. Cash, cash equivalents and marketable securities stood at approximately $18.4 million as of March 31, 2026, while working capital improved to about $25.4 million from $10.2 million on December 31, 2025. The current ratio strengthened to 4.25 from 1.68, and total assets to total liabilities improved by approximately 47% to $48.36 million.
CEO Fawad Maqbool attributed the results to progress in 5G ORAN radio technologies, MMIC design capabilities, and advanced RF systems. “We achieved substantial revenue growth YoY, expanded gross margins significantly, strengthened our balance sheet, and continued transitioning key technologies from development into commercial deployment,” Maqbool said. He noted that multiple 5G and MMIC development programs have advanced further into commercialization stages.
The company completed both a rights offering and a registered direct offering during the quarter, generating aggregate net proceeds exceeding $16 million to support growth initiatives, working capital requirements, and operational expansion. AmpliTech remains debt-free, with total stockholders’ equity of approximately $48.4 million.
Management believes the company is positioned to benefit from expanding global 5G infrastructure deployment, increasing demand for RF and microwave technologies, continued development of ORAN ecosystem opportunities, growth in satellite and defense communications markets, and 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, and increasing commercialization activity.
Regarding the outlook, Maqbool stated: “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.”
For more information, visit the company's newsroom at https://tinyurl.com/ampgnewsroom.
