AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGR, AMPGZ), a designer, developer, and manufacturer of advanced RF microwave components, 5G communication systems and quantum computing LNAs, reported financial results for the quarter ended March 31, 2026, showing significant revenue growth and margin expansion.
Revenue for the first quarter of 2026 increased 48.6% year-over-year to $5.35 million, compared to $3.60 million in the first quarter of 2025. Gross profit rose 116.1% to $2.57 million from $1.19 million in the prior-year period, while gross margin improved to 48.0% from 33.0% a year earlier. The manufacturing and engineering segment revenue surged 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.
The company strengthened its balance sheet during the quarter. Cash, cash equivalents and marketable securities reached approximately $18.4 million as of March 31, 2026, up from $10.2 million on December 31, 2025. Working capital improved to approximately $25.4 million from $10.2 million, and the current ratio improved to 4.25 from 1.68. Total assets to total liabilities improved approximately 47% to $48.36 million from $32.86 million. AmpliTech remains debt-free.
During the quarter, the company advanced commercialization initiatives related to 5G ORAN radio systems, proprietary RF and microwave technologies, 5G MMIC chip design programs, satellite and defense communications applications, and next-generation wireless infrastructure solutions. Research and development expenses declined year-over-year as several products transitioned from active development into commercialization and deployment phases.
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.
Management believes the company is positioned to benefit 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, 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, increasing commercialization activity, and 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.”
More information about the company is available at www.amplitechgroup.com. The latest news and updates relating to $AMPG are available in the company’s newsroom at https://tinyurl.com/ampgnewsroom.
