AmpliTech Group shares slump after Q2 2026 revenue miss

Shares of AmpliTech Group Inc. fell sharply on Thursday after the company reported second-quarter 2026 revenue that missed analyst estimates, sparking a selloff in the stock.

The company, which provides radio frequency and millimeter-wave solutions for defense and aerospace applications, disclosed revenue of $18.7 million for the quarter ended June 30, 2026, below the $20.1 million consensus estimate compiled by Refinitiv. The shortfall represented a 4% year-over-year decline, reversing the 6% growth recorded in the same period last year.

Gross profit for the quarter totaled $7.1 million, down from $7.5 million in Q2 2025, while net income declined to $2.4 million from $2.9 million a year earlier. The company attributed the weaker performance to delayed defense contract deliveries and softer demand in its aerospace segment.

AmpliTech Group’s chief executive officer said in a statement that supply chain disruptions and extended lead times for key components had constrained production schedules. The company expects the challenges to persist into the third quarter, though it anticipates sequential improvement as deliveries normalize.

The stock, which had been trading near $14.50 ahead of the earnings release, fell as much as 12% in after-hours trading following the results. At the close of regular trading, shares were down 8.2% at $13.30.

Analysts at Benchmark Company maintained a hold rating on the stock but reduced their price target to $15 from $17, citing the revenue miss and near-term headwinds. The company’s next earnings report is scheduled for November 5, 2026.

AmpliTech Group did not provide forward guidance in its earnings release, leaving investors to assess the impact of the delays on full-year projections.