AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGR, AMPGZ), a designer and manufacturer of advanced RF microwave components, 5G communication systems, and quantum computing LNAs, announced financial results for the quarter ended March 31, 2026, showing significant year-over-year revenue growth and gross margin expansion.
Revenue increased 48.6% to $5.35 million compared to $3.60 million in the first quarter of 2025. Gross profit surged 116.1% to $2.57 million from $1.19 million, with gross margin improving to 48.0% from 33.0%. The manufacturing and engineering segment revenue rose to $3.28 million from $0.99 million in the prior-year quarter. Net loss improved 17.3% to $(1.52) million.
The company strengthened its balance sheet, ending the quarter with approximately $18.4 million in cash, cash equivalents, and marketable securities, up from $10.2 million on December 31, 2025. Working capital improved to approximately $25.4 million from $10.2 million, and the current ratio increased to 4.25 from 1.68. Total assets to total liabilities improved approximately 47% to $48.36 million. AmpliTech remains debt-free.
During the quarter, the company advanced commercialization of 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 active development into commercialization.
The company completed both a rights offering and a registered direct offering, generating aggregate net proceeds exceeding $16 million to support growth initiatives 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.
“We achieved substantial revenue growth YoY, expanded gross margins significantly, strengthened our balance sheet, and continued transitioning key technologies from development into commercial deployment,” said Fawad Maqbool, Chief Executive Officer of AmpliTech Group. “We are encouraged by the increasing demand environment for next-generation wireless infrastructure and remain focused on disciplined execution, operational scalability, and long-term shareholder value creation.” Mr. Maqbool added that the company believes its full-year revenue guidance remains achievable, though revenue recognition is expected to be more heavily weighted toward the second half of the year based on customer delivery schedules and production timing.
For further information, visit www.amplitechgroup.com. The latest news and updates relating to $AMPG are available in the company’s newsroom at https://tinyurl.com/ampgnewsroom.
