AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGR, AMPGZ), a designer and manufacturer of advanced RF microwave components, 5G communication systems, and quantum computing LNAs, reported financial results for the quarter ended March 31, 2026, showing a 48.6% year-over-year revenue increase to $5.35 million from $3.60 million in the prior-year period. Gross profit surged 116.1% to $2.57 million, and gross margin improved significantly to 48.0% from 33.0% in the first quarter of 2025.
The company's manufacturing and engineering segment revenue rose sharply to $3.28 million from $0.99 million in the same quarter last year. Net loss improved 17.3% year-over-year to $(1.52) million. Cash, cash equivalents, and marketable securities increased to approximately $18.4 million as of March 31, 2026, while working capital improved to approximately $25.4 million from $10.2 million at the end of 2025. The current ratio improved to 4.25 from 1.68, and total assets to total liabilities improved approximately 47% to $48.36 million from $32.86 million on December 31, 2025. AmpliTech remains debt-free.
During the quarter, the company advanced commercialization initiatives related to 5G ORAN radio systems, proprietary RF and microwave technologies, 5G MMIC chip design programs, satellite and defense communications applications, and next-generation wireless infrastructure solutions. Research and development expenses decreased year-over-year as several products transitioned from development into commercialization phases.
The company completed both a rights offering and a registered direct offering, generating aggregate net proceeds exceeding $16 million to support growth initiatives, working capital requirements, and operational expansion. Management believes the company is positioned to benefit from expanding global 5G infrastructure deployment, increasing demand for RF and microwave technologies, continued development of ORAN ecosystem opportunities, growth in satellite and defense communications markets, and increasing adoption of compact high-performance MMIC-based solutions.
“The first quarter of 2026 reflects meaningful progress across several areas of our business,” said Fawad Maqbool, Chief Executive Officer of AmpliTech Group. “We achieved substantial revenue growth YoY, expanded gross margins significantly, strengthened our balance sheet, and continued transitioning key technologies from development into commercial deployment.” Maqbool added that investments in 5G ORAN radio technologies, MMIC design capabilities, and advanced RF systems are beginning to contribute more meaningfully to operational performance.
The company expects full-year revenue guidance remains achievable; however, based on current customer delivery schedules, production timing, and anticipated order flow, revenue recognition is expected to be more heavily weighted toward the second half of the year. The latest news and updates relating to $AMPG are available in the company’s newsroom at https://tinyurl.com/ampgnewsroom.
