Key Highlights

  • Revenue of USD 110.64 million compares with an estimate of USD 107.02 million and USD 88.56 million a year earlier.
  • Non-GAAP diluted EPS was USD 0.04 against an estimate of USD 0.03; GAAP net loss per share was USD 0.19.
  • Annual recurring Revenue was USD 431 million, up 24%, and remaining performance obligations were USD 497 million, up 27%.
  • Fourth quarter revenue is guided to a range of USD 110.8 million to USD 113.2 million.

Amplitude, Inc. (NASDAQ:AMPL) used its third quarter to ship a run of AI-focused products, led by the August general availability of Agent Analytics for all customers. The quarter ended September 30, 2026 with revenue of USD 110.64 million, against an estimate of USD 107.02 million and USD 88.56 million a year earlier. Non-GAAP diluted EPS was USD 0.04, against an estimate of USD 0.03 and USD 0.02 in the prior-year quarter, while GAAP net loss per share was USD 0.19.

How the AI Launches Fit the Quarter

Agent Analytics lets teams evaluate AI agent conversations, identify failure patterns and connect agent performance to outcomes such as conversion and retention. In September the company introduced Headless Amplitude, which brings product and user context into AI tools and is available on every plan. In October it highlighted a workflow with GitHub that links Amplitude Wave, currently in closed beta, with Statsig, and Statsig expanded agent experimentation for comparing AI agent variants.

Chief executive Spenser Skates said customers are using more of the company's AI solutions, and that deciding what to build next has become the bottleneck as the pace of shipping code rises. The chief financial officer said the company is focused on consolidation within enterprises on its platform and on innovation with Statsig and AI products.

Results Around the Launches

Annual Recurring Revenue was USD 431 million against USD 347 million, a 24% increase, and remaining performance obligations were USD 497 million, up 27%. Customers with USD 100,000 or more in ARR rose to 855, a 31% increase from a year earlier.

Revenue grew 25%. GAAP gross Margin was 67.2% against 73.9%, and non-GAAP gross margin was 69.6% against 75.9%. GAAP loss from operations was USD 24.6 million against USD 25.7 million, and non-GAAP income from operations was USD 5.7 million against USD 0.6 million, a 5.1% non-GAAP Operating Margin against 0.6%. The chief financial officer described that as the highest non-GAAP operating margin in company history. Stock-based compensation and related payroll taxes were USD 28.8 million. GAAP net loss was USD 24.52 million against USD 23.99 million.

Cash Flow, Buybacks and Guidance

Net cash provided by Operating Activities was USD 7.1 million against USD 5.0 million, and free Cash Flow was USD 5.8 million against USD 3.4 million. Cash and cash equivalents were USD 58.86 million at September 30, against USD 81.12 million at December 31, 2025, with current marketable securities of USD 81.66 million. Over nine months the company repurchased USD 89.46 million of common stock, none of it in the third quarter.

For the fourth quarter, the company guided to revenue of USD 110.8 million to USD 113.2 million, non-GAAP Operating Income of USD 7.0 million to USD 9.0 million and non-GAAP diluted EPS of USD 0.05 to USD 0.06, on 142.5 million diluted shares. For full-year 2026, guidance is revenue of USD 415.8 million to USD 418.2 million, non-GAAP operating income of USD 8.9 million to USD 10.9 million and non-GAAP diluted EPS of USD 0.07 to USD 0.09, on 139.0 million diluted shares.

Dates and Milestones Named

Revenue of USD 110.64 million sits alongside ARR of USD 431 million, free cash flow of USD 5.8 million and full-year revenue guidance of USD 415.8 million to USD 418.2 million.

The dated items management named are the August general availability of Agent Analytics, the September launch of Headless Amplitude and the October GitHub workflow. Amplitude Wave remains in closed beta. The fourth quarter guidance covers the period ending December 31, 2026, and the company said the outlook is not a guarantee of future performance.