AmpliTech Group, Inc. reported a record $25 million in revenue for fiscal year 2025, a 163 percent increase from the $10.25 million earned in fiscal year 2024. The jump reflects a 163 percent year‑over‑year rise that far outpaces the company’s prior growth trajectory and confirms the guidance issued for the year.
Revenue growth was driven by strong demand for the company’s Open RAN and RF product lines. Production shipments under a $100 million letter of intent began in December 2025, while a $40 million letter of intent is scheduled to resume in the first quarter of 2026. The company’s vertically integrated manufacturing and engineering capabilities enabled it to convert these pipeline opportunities into revenue, with concurrent shipments for both letters of intent expected in Q1 2026.
Gross margin expanded to 48.6 percent in the third quarter of 2025, up from 47.5 percent in the same period a year earlier. The improvement is attributable to a higher mix of high‑margin products, disciplined cost control, and operational leverage as revenue scales. Management projects double‑digit gross margins for Q4 2025 and the full fiscal year 2026.
CEO Fawad Maqbool said the company had delivered “record performance in the third quarter of 2025 and the nine‑month period ending September 30, 2025,” noting triple‑digit revenue growth and positioning AmpliTech as a leading U.S.‑based ORAN and private 5G solutions provider. CFO Louisa Sanfratello added that the company has over $8 million in cash, zero debt, and is on track for positive cash flow and profitability in fiscal year 2026.
AmpliTech reaffirmed its fiscal‑year 2026 revenue guidance at a minimum of $50 million, representing a 100 percent year‑over‑year growth target. The guidance reflects confidence in the company’s ability to scale its operations and convert pipeline opportunities into revenue, while also signaling that management expects to achieve profitability and positive cash flow in FY2026.
The company’s operational strategy includes expanding domestic production, investing heavily in research and development for 5G and quantum‑compatible components, and focusing on high‑margin product lines. These initiatives support the company’s ability to meet the demand for its Open RAN solutions and to maintain a competitive edge in the rapidly evolving 5G and quantum markets.
AmpliTech faces headwinds such as supply‑chain disruptions, intense competition, and the need for continuous innovation. However, tailwinds—including strong demand in 5G and quantum markets, geopolitical support for U.S. technology, and a robust balance sheet—help offset these challenges and reinforce the company’s growth trajectory.
Overall, AmpliTech’s record FY2025 results and reaffirmed FY2026 guidance demonstrate robust execution, a clear path to profitability, and a strong position in high‑growth 5G and quantum markets.
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