Aug 13, 2026 earnings call — Q2 investment quarter preparing for larger customers
AmpliTech said Q2 revenue was approximately $8.1 million, a sequential increase of approximately 51%, while investing heavily to support larger 5G and telecom customers.
Revenue $0.0B (est $0.0B) · EPS $-0.12 (est $-0.02)
Key quotes
"We invested in customer-driven R&D, customer-driven, supply chain resilience, production readiness, strategic sales, and marketing, specialized personnel and outside expertise, cybersecurity, and IT infrastructure, internal controls and the organizational capabilities required to support larger customers."
"At June 30, long-term deposits totaled approximately $3.08 million, including approximately $2.47 million associated with dedicated production capacity."
"The 10-Q reflects increased marketing and business development activity, including additional industry trade shows, expanded promotional initiatives, and hiring of 2 senior business development representatives to support the company's expanding 5G Open RAN commercial strategy and our 5G product portfolio."
Analyst Q&A 5
Why Spectrum margins stayed higher
Q (Jack Vander Aarde · Maxim Group): Analyst asked why Spectrum made just over $4 million and kept mid-40% gross margin, while Engineering Services and AmpliTech margins fell. He also asked if that margin pattern will continue.
A: Management said Spectrum is a distribution business with stable margins and strong demand, while other divisions are engineering-focused and have lower margins because of ongoing R&D and product mix. They said Spectrum provides balance and will scale as 5G products flow through it.
"We are finally seeing that they are receiving a lot of inquiries and we are also developing new ways of revenue for our Spectrum division." — Jorge Flores (COO)
Is $50m 2026 guidance still valid?
Q: The investor asked whether the previously announced $50 million revenue guidance for 2026 still stands and why management would not confirm it.
A: Management said the $50 million outlook is not being reaffirmed today because shipment timing changed for one international 5G deployment, and they lack visibility on timing. They emphasized the customer programs remain active, backlog orders were not canceled, and timing is the main issue.
"So while we are not reaffirming this $50 million figure today, we continue to expect significant growth for the year on ourselves." — Jorge Flores (COO)
Interest from quantum computing customers
Q (Lennox Brooks · Fort Washington Investment): Analyst asked whether customer inquiries or engagements related to quantum computing have increased over the past year.
A: Management said quantum computing demand is static and not yet productionized, so adoption has been slow. They noted AmpliTech has sold components into core computing systems for R&D and that their LNAs can operate at 4 Kelvin, but they do not see significant growth now.
"We have sold into the core computing systems just for R&D and development work." — Fawad Maqbool (CEO·CHAIR)
Future gross margins and AI RAN alliance
Q (Richard Kreger · Moody Capital Solutions): Analyst asked how gross margins may be impacted in the second half with revenue growth and why AmpliTech joined the AI RAN alliance and its relation to NVIDIA.
A: Management said margins are lumpy due to product mix but expect higher-margin orders in the second half as they build 5G product lines, which should smooth growth. They said joining the AI RAN alliance exposes their AI RAN–enabled radios to major telecom and software players, and they work with NVIDIA as an ecosystem partner but have no direct contractual product placement to mention.
"So that's a big step for us because it puts our technology in front of all the major players to see." — Fawad Maqbool (CEO·CHAIR)
Titan deal amendment and SG&A run rate
Q (Andrew Deangelis · Venture Capital): Analyst asked how the Titan acquisition amendment affected H1 results and any continuing impact, and also asked for fully diluted share count and SG&A run-rate versus one-time costs.
A: Management said the 8-K reflects negotiated penalties for late part deliveries and delays in rolling out reengineered IP; asset transfer is nearly complete and productionized versions have orders and are expected to ship toward the end of the year or early next year. On share count, they said July is outside the quarter and suggested the analyst e-mail the company; on SG&A, they said fixed expenses now will decline as revenues rise.
"So these are going to start shipping towards the end of the year or early next year." — Fawad Maqbool (CEO·CHAIR)