Add as a preferred source on GoogleAmpliTech Shares Rise After $1.03 Million Amplifier Order
The $1.03 million purchase went to AmpliTech Inc., a company division, and the company’s fulfillment outlook spans the remainder of fiscal 2026 and fiscal 2027.
AmpliTech Group shares rose 6.3% in premarket trading Oct. 21 as a $1.03 million follow-on order for low-noise amplifiers lifted the company’s total backlog above $52 million.
The Nasdaq-listed stock traded at $2.8176 at 9:29:30 a.m. ET (13:29:30 UTC), up $0.1676 from the previous close. The order went to AmpliTech’s AmpliTech Inc. division and came from an unnamed Fortune 1000 satellite communications company.
The order brought total backlog to a record level above $52 million. AmpliTech founder and CEO Fawad Maqbool said, “Our backlog now exceeds $52 million, and our priority is executing these orders efficiently and meeting our customers’ delivery requirements.”
The announcement followed a separate $21.7 million order for 5G O-RAN radio products on Oct. 20. Those products support deployments for an Asian mobile network operator. The Oct. 20 purchase raised cumulative purchases tied to the $78 million letter of intent to roughly $34 million and pushed backlog past $51 million.
The company expects to work through the backlog over the balance of fiscal 2026 and during fiscal 2027, guided by production plans and customer delivery schedules.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.