Data analytics software provider Amplitude (NASDAQ:AMPL) will be reporting results this Wednesday after the bell. Here’s what investors should know.
Amplitude met analysts’ revenue expectations last quarter, reporting revenues of $79.95 million, up 10.1% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ billings estimates and a solid beat of analysts’ EBITDA estimates. It added 26 enterprise customers paying more than $100,000 annually to reach a total of 617.
Is Amplitude a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Amplitude’s revenue to grow 11% year on year to $81.35 million, improving from the 8.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.01 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amplitude has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1% on average.
Looking at Amplitude’s peers in the data and analytics software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Palantir delivered year-on-year revenue growth of 48%, beating analysts’ expectations by 6.8%, and MicroStrategy reported revenues up 2.7%, topping estimates by 1.2%. MicroStrategy traded down 8.7% following the results.
Read our full analysis of Palantir’s results here and MicroStrategy’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the data and analytics software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3% on average over the last month. Amplitude is down 5.9% during the same time and is heading into earnings with an average analyst price target of $13.89 (compared to the current share price of $11.96).
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