Key Highlights

  • Amplitude reported second-quarter 2026 Revenue of $100.9 million, up 21%, and annual Recurring Revenue of $410 million, up 22%.
  • Free Cash Flow was $23.7 million, a 23.6% margin, and the company repurchased $68.7 million of common stock in the quarter.
  • Third-quarter revenue is guided to $105.6 million to $108.0 million, with non-GAAP Operating Income of $2.5 million to $4.5 million.

The latest reported quarter

Amplitude (NASDAQ:AMPL), the product analytics software company, last reported results on 5 August 2026 for the quarter ended 30 June. No later company announcement or confirmed date for third-quarter results has been identified.

Growth and customers

Revenue was $100.9 million, up 21% from $83.3 million a year earlier. Annual recurring revenue reached $410 million, up 22% from $335 million. The company reported more than 5,200 paying customers, and 824 customers with annual recurring revenue of $100,000 or more, up 30% from a year earlier.

Dollar-based net revenue retention was 103% for the quarter and 105% on a trailing twelve-month basis. Pro forma figures were 105% on both measures. A figure just above 100% means existing customers are, on balance, spending somewhat more than a year earlier, though the release does not break down how much of the company's growth came from new customers.

Profit and cash

The GAAP loss from operations was $35.2 million and the GAAP net loss was $34.6 million, or $0.27 per share on 129.4 million shares. On a non-GAAP basis the operating loss was $1.5 million, a Margin of negative 1.4%. The gap between the two measures is large, and the reconciliation in the release shows what is excluded.

Operating cash flow was $25.6 million and free cash flow was $23.7 million, a 23.6% margin. Free cash flow was positive even though the non-GAAP operating result was a loss, a combination that the reconciliation tables in the filing should help to explain. Cash and equivalents were $73.8 million at 30 June, with marketable securities of $66.8 million current and $20.8 million non-current.

Buybacks and product launches

Amplitude repurchased $68.7 million of common stock in the second quarter and $89.5 million over the first six months of 2026. That compares with $161.4 million of cash and marketable securities, a total obtained by adding the Balance Sheet lines.

The release also listed artificial intelligence products. These include Global Agent, an agent for analysing charts, experiments and sessions; specialised agents for performance, funnels and user sentiment; Agent Analytics, which combines product analytics with large-language-model observability; and Wave, which surfaces prioritised product opportunities. It also mentioned expanded Model Context Protocol integrations with tools such as Claude, Cursor, Slack and Figma. The release does not quantify revenue from any of these.

Guidance and what to watch

The following is company guidance, not a reported result. For the third quarter the company guided to revenue of $105.6 million to $108.0 million, non-GAAP operating income of $2.5 million to $4.5 million, and non-GAAP Diluted Earnings per Share of $0.02 to $0.03. For the full year it guided to revenue of $407.2 million to $411.2 million, non-GAAP operating income of $6.3 million to $9.3 million and earnings per share of $0.06 to $0.08. The guidance assumes diluted weighted average shares of 133.0 million for the third quarter and 137.1 million for the year, compared with 129.4 million weighted shares in the second quarter.

Points to watch include whether annual recurring revenue growth holds near 22%, whether net revenue retention improves from 103%, how the non-GAAP Operating Margin moves into positive territory as guided, and whether repurchases continue.