Correction, 18 September 2026: an earlier version of this post described May 6, 2026 as the end of the quarter. It is the date the results were reported.
What changed
$AMPL (Amplitude Inc.) reported results on May 6, 2026, and the headline number that stands out is the EPS swing: a loss of $0.02 per share compared to a loss of $0.17 in the same period a year earlier. That is not yet a profit, but it is a meaningful move toward breakeven and reflects a sharp reduction in per-share losses over twelve months.
Revenue grew 16.9% year over year, which is the same figure the trailing data confirms. For a software analytics company operating in a competitive market, that pace of top-line expansion is notable, particularly given the broader pressure on growth-stage tech spending over the past two years.
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We do not have guidance commentary from this report, so the forward picture relies on what the data already shows.
What it means
The ACCE score for $AMPL sits at 47/100, a below-average composite. Breaking that down: Momentum leads at 67, Growth comes in at 52, Quality lands at 47, and Value scores just 21. The low Value score is consistent with the fundamentals — the company carries a net margin of -25.1% and an ROE of -35.4%, both of which reflect a business still burning cash to grow.
There is one offsetting data point worth flagging: FCF yield of +2.4%. That positive free cash flow yield, even against a negative net margin, suggests the business is generating real cash at the operating level despite accounting losses. That gap between reported earnings and cash generation is worth watching as the company continues its path toward breakeven.
The 6-model fair value estimate from ACCE sits at $2.92, which is 70.2% below the current price of $9.79. The analyst consensus target is $11.36, above the current price. Those two figures point in opposite directions, and the spread between them is wide. The forward P/E of 44.1 implies the market is pricing in a significant improvement in profitability — the EPS trend this quarter supports that direction, but the company is not there yet.
The 1-year return for $AMPL stands at -18.1%, and the market cap is $1.26B.
For the full score breakdown and live price, see acceinvestments.com/stocks/AMPL.
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