AmpliTech Group, Inc. (AMPG) AI Stock Analysis

AmpliTech Group, Inc. specializes in the design, engineering, and assembly of microwave component-based amplifiers and related subsystems. Its product lineup includes radio frequency (RF) low-noise amplifiers, medium power amplifiers, specialty microwave block downconverters, and 1:2 Tx protection switch panels for satellite earth stations. The company also provides wideband power amplifiers, waveguide to coaxial adapters, and cryogenic amplifiers designed for quantum computing, space communications, and medical RF imaging. AmpliTech serves aerospace, government, defense, commercial satellite, and wireless customers through global sales representatives and distributors.

AmpliTech's annual revenue rose from $5.3M in FY2021 to $19.4M in FY2022, followed by declines to $15.6M in FY2023 and $9.5M in FY2024. In FY2025, revenue rebounded 165.0% to $25.2M, reflecting a 5-year revenue CAGR of 48.8% from FY2020 to FY2025. However, gross margin contracted to 20.4% in FY2025 from 46.0% in FY2022. Operating margin was -29.1% and net loss was -$7.0M in FY2025, with EPS of -$0.33. For the trailing twelve months ended June 30, 2026, revenue stood at $24.0M with an operating margin of -39.6%. In the latest quarter ended June 30, 2026, quarterly revenue fell 26.8% year-over-year while quarterly earnings fell 96.6%.

As of June 30, 2026, AmpliTech held $13.0M in cash and short-term investments against total debt of $3.9M, leaving net cash of $9.0M. Liquidity is supported by a current ratio of 3.76 and a debt-to-equity ratio of 0.08, with shareholders' equity at $46.8M. For FY2025, operating cash flow was -$8.7M and free cash flow was -$9.7M. Capital expenditures totaled $1.0M in FY2025, while the company's share count increased 172.3% over five years.

At a closing price of $2.39 on October 16, 2026, AmpliTech had a market cap of $72.0M and enterprise value of $92.8M. Its forward P/E of 19.2x sits slightly above the median of 18.8x for its US-listed Technology peers. AmpliTech trades at a price-to-sales multiple of 3.0x compared to the peer median of 2.8x. Over the past year, the stock fell 37.4% while the S&P 500 rose 16.8%. Over five years, the stock fell 31.1% compared to an 83.0% gain for the benchmark.

Wall Street coverage includes 1 Buy rating and no Hold or Sell ratings. The mean price target is $7.00, representing an upside of 192.9% from the last close of $2.39. For the fiscal year ending December 31, 2026, the EPS estimate is -$0.26 on revenue of $36.4M. For the next fiscal year, 1 analyst projects positive EPS of $0.08 on $60.0M in revenue, implying 64.8% revenue growth. The company beat EPS estimates in 1 of the last 4 quarters, and the next earnings date is November 13, 2026.

This page is an AI-written research summary of AmpliTech Group, Inc. (AMPG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: AMPG income statement, AMPG balance sheet, AMPG key metrics, AMPG analyst forecast, AMPG chart. See the AMPG stock overview for the latest quote and news.