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Amplitude Q3 revenue beats analyst estimates on increased AI solutions demand

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$110.60 mln

$107.03 mln (11 Analysts)

Q3 Adjusted EPS

Beat

$0.04

$0.03 (12 Analysts)

Q3 EBIT

-$24.60 mln

Q3 Free Cash Flow

$5.80 mln


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.)

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