Amplitude Inc. Class A Common Stock Q2 2026 Earnings Recap

Amplitude’s stock rose 9.0% after Q2 2026 earnings, driven by solid top-line growth, strong ARR expansion including substantial inorganic contribution, and clear progress on its AI transformation strategy that resonated well with investors.

Key Takeaways

• Q2 revenue reached $101 million, growing 21% year over year, underscoring continued demand.
• Total annual recurring revenue (ARR) was $410 million, up 22% year over year and up $36 million sequentially, with $17 million from the Statsig acquisition and $19 million organic growth.
• Customers contributing more than $100K ARR increased 30% year over year to 824, led by both AI native companies and large enterprises.
• Gross margins are expected to remain in the low 70% range due to higher inference costs from AI workloads, offset by planned reductions in operating expenses.
• The company’s ongoing shift to an AI native model, including engineering efficiencies and new product offerings (Amplitude, Statsig, Wade), positions it to capture evolving market demand.