AmpliTech Sets $28 Million 2026 Revenue Floor, Plans to End Formal Guidance in 2027

AmpliTech Group, Inc. expects at least $28 million in fiscal 2026 revenue and plans to end formal full-year guidance in fiscal 2027, while working to convert a backlog above $52 million amid deployment and production delays.

Third-quarter revenue rose to $6.58 million from $6.09 million a year earlier. Gross margin improved from the prior quarter to 34.2%, while the company recorded a net loss of $1.89 million. At quarter-end, it held $19.48 million in cash and $10.79 million in marketable securities.

Management highlighted expansion in the O-RAN 5G and Spectrum divisions as part of the quarter’s performance. It also cited the timing of large 5G deployments, manufacturing execution, supply constraints, technology-transfer delays, extended customer evaluations, geopolitical developments and customer-directed changes to deployment plans as risks to execution. Quarterly margins can vary, management cautioned.

The backlog exceeded $52 million after an October $1.03 million follow-on amplifier order. AmpliTech expects to work through the backlog over the rest of fiscal 2026 and during fiscal 2027, with production plans and customer delivery schedules guiding that process.

The company’s $28 million revenue floor is its fiscal 2026 outlook. Its planned end to formal full-year guidance is set for fiscal 2027, as it continues working through the backlog and the production and delivery timing that affects conversion.