Amplitude Analysts Boost Their Forecasts After Better-Than-Expected Q3 Results

Benzinga Earnings11-05

Amplitude Inc (NASDAQ:AMPL) on Wednesday reported better-than-expected earnings for the third quarter.

The company posted quarterly earnings of 4 cents per share which beat the analyst consensus estimate of 3 cents per share. The company reported quarterly sales of $110.644 million which beat the analyst consensus estimate of $107.028 million.

Amplitude raised its FY2026 adjusted EPS guidance from 6 cents-8 cents per share to 7 cents-9 cents per share. The company also increased sales guidance from $407.200 million-$411.200 million to $415.800 million-$418.200 million.

“We continue to innovate on the bleeding edge and help our customers transform themselves into AI-powered product builders. The pace of building and shipping code continues to increase, but the context of what to build next continues to be the bottleneck. Amplitude, Statsig, and our AI products are helping companies bridge that gap to understand what to build next,” said Spenser Skates, co-founder and CEO of Amplitude. “Our customers are using more of our AI solutions and looking to us to learn how to engage AI to accelerate their own development.”

Amplitude shares gained 5.5% to $18.13 in pre-market trading

These analysts made changes to their price targets on Amplitude following earnings announcement.

Piper Sandler analyst Billy Fitzsimmons maintained the stock with an Overweight rating and raised the price target from $18 to $22.
BTIG analyst Nick Altmann maintained the stock with a Buy and raised the price target from $17 to $19.

Considering buying AMPL stock? Here’s what analysts think:

Photo via Shutterstock

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The company reported quarterly sales of $110.644 million which beat the analyst consensus estimate of $107.028 million.</p>\n<p>Amplitude raised its FY2026 adjusted EPS guidance from 6 cents-8 cents per share to 7 cents-9 cents per share. The company also increased sales guidance from $407.200 million-$411.200 million to $415.800 million-$418.200 million.</p>\n<p>“We continue to innovate on the bleeding edge and help our customers transform themselves into AI-powered product builders. The pace of building and shipping code continues to increase, but the context of what to build next continues to be the bottleneck. 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The company reported quarterly sales of $110.644 million which beat the analyst consensus estimate of $107.028 million.\nAmplitude raised its FY2026 adjusted EPS guidance from 6 cents-8 cents per share to 7 cents-9 cents per share. The company also increased sales guidance from $407.200 million-$411.200 million to $415.800 million-$418.200 million.\n“We continue to innovate on the bleeding edge and help our customers transform themselves into AI-powered product builders. The pace of building and shipping code continues to increase, but the context of what to build next continues to be the bottleneck. 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