AmpliTech Group, Inc. (AMPG) Stock

AmpliTech Group, Inc. (AMPG) is a Technology stock trading at $3.42 (as of 2026-08-20), with a market capitalization of $86.66M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

AmpliTech Group, Inc. designs, engineers, and assembles microwave component-based amplifiers and related subsystems, including RF amplifier products such as low noise and medium power amplifiers, plus specialty microwave block downconverters, Tx protection switch panels, and waveguide-to-coax adapters. It also provides cryogenic amplifiers and cryogenic/non-cryogenic small cell subsystems for communications and other scientific and technical applications.

Understand AmpliTech Group, Inc.: how it makes money

AmpliTech Group designs, engineers, and assembles micro-wave component based amplifiers, including RF low noise and medium power amplifiers and related subsystems, which it sells for use in communication and satellite and test related applications.

The profit model depends on converting its Letter of Intent Pipeline and related funded orders into shipped amplifier and subsystem deliveries, because even with a reported 48.0% gross margin, the quarter still shows a -30.3% operating margin.

Revenue by segment (latest quarter)
Manufacturing Eng$0.0B

Business quality (Weak): Clear product focus and shipment related order metrics are provided, but the latest quarter shows 0.0B revenue and the operating margin is negative, limiting confidence in near term earnings power.

Bull case

  • Strong gross margin in the quarter: Reported gross margin is 48.0% even though revenue is reported as 0.0B for the period.
  • Pipeline visibility into future demand: The Letter of Intent Pipeline is 0.12 USD_B, including 0.08 USD_B of overseas open radio access network radio systems letter of intent value and 0.04 USD_B for North American mobile network operator letter of intent value.

Bear case

  • Negative operating profitability: Operating margin is -30.3% in the latest period.
  • No reported revenue this quarter: Revenue is reported as 0.0B, and manufacturing and engineering segment revenue is also 0.0B, suggesting limited conversion of pipeline into recognized sales during the quarter.
Valuation — source: SEC EDGAR (first-party)
Price$3.42
Market Cap$86.66M
Price / Book1.85
Price / Sales3.61
FCF Yield-16.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$25.20M
Net Margin-27.8%
Revenue Growth (YoY)-26.8%
EPS Growth (YoY)33.3%
FCF Growth (YoY)156.3%
Financial Health — source: SEC EDGAR
Altman Z-Score2.29 (grey)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderSymBiosis Capital Partners, LLC ($13.23M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEOFawad A. Maqbool
Employees47
CountryUS
IPO Date2021-01-08

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AMPG earnings history · AMPG institutional & insider holders · AMPG KPIs & operating metrics · AMPG financials · AMPG investor presentations & press releases · AMPG SEC filings · AMPG peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.