Amplitude Q3 revenue beats analyst estimates on increased AI solutions demand

Overview

• AI analytics platform's Q3 revenue rose 25% yr/yr, beating analyst expectations

• Adjusted EPS for Q3 beat analyst expectations

• Company achieved record non-GAAP operating margin in Q3

Outlook

• Amplitude sees Q4 revenue between $110.8 mln and $113.2 mln

• Company expects 2026 revenue of $415.8 mln to $418.2 mln

• Amplitude forecasts Q4 non-GAAP operating income of $7 mln to $9 mln

Result Drivers

• AI SOLUTIONS DEMAND - Co said increased adoption of its AI products by customers contributed to Q3 growth

• ENTERPRISE CONSOLIDATION - Co said focus on consolidating enterprise customers onto its platform supported results

• NEW PRODUCT AVAILABILITY - Launch of Agent Analytics for all customers in August contributed to engagement and product adoption

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for Amplitude, Inc. is $16.00, about 5% below its November 3 closing price of $16.84

• The stock recently traded at 111 times the next 12-month earnings vs. a P/E of 90 three months ago

Reuters Recommended Reads

• Nov 3 - Freshworks Q3 adjusted profit beats estimates on upmarket momentum

• Nov 3 - Varonis Q3 revenue rises 17%, beats analyst expectations

• Nov 3 - Sprout Social Q3 revenue rises 8% on larger customer cohort

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)