AmpliTech Group, Inc. (NASDAQ: AMPG) announced that it has received almost $5 million in follow‑on purchase orders from two of its Letter‑of‑Intent (LOI) customers. The orders, which are scheduled for delivery in the first and second quarters of 2026, represent a direct conversion of the company’s expanded $100 million LOI program into revenue‑generating contracts.
The new orders raise AmpliTech’s backlog to roughly $19.6 million, up from the $15 million figure reported at the end of June 2025. The increase reflects the company’s ability to secure additional commitments as its customers advance their deployment timelines, positioning AmpliTech to capture larger revenue streams in 2026 and beyond.
AmpliTech’s most recent quarterly results, released in November 2025, showed revenue of $6.09 million—an 115% year‑over‑year increase from $2.83 million in Q3 2024. Gross margin expanded to 48.6% from 47.5% in the prior year, driven by a higher mix of high‑margin 5G and satellite contracts and improved operational leverage. Earnings per share of –$0.01 beat consensus of –$0.02, largely because the company maintained disciplined cost control while scaling production and capitalizing on strong demand in its core segments.
Guidance for fiscal 2025 was raised to a minimum of $25 million in revenue, up from the previously cited $24 million target, and the company now projects at least $50 million in revenue for fiscal 2026. The upward revision reflects management’s confidence in continued customer adoption of its 5G ORAN and private‑5G solutions, as well as the momentum generated by the new follow‑on orders. The guidance also signals that AmpliTech expects to achieve double‑digit gross margins in the second half of 2025, a target supported by the company’s cost‑control initiatives and the scaling of its manufacturing footprint.
AmpliTech’s strategic positioning as a U.S.‑based alternative to foreign 5G ORAN suppliers is reinforced by the new orders. The company’s diversified portfolio—spanning ORAN 5G systems, private 5G solutions, satellite and LNA products, and emerging cryogenic and quantum‑driven technologies—provides a hedge against market concentration risk. While the company continues to face headwinds such as global supply‑chain constraints and macro‑economic uncertainty, the recent order flow and improved margins suggest resilience and a growing share of the high‑growth 5G and satellite markets.
"The follow‑on orders announced today demonstrate the confidence our key customers have in our technology and execution capabilities," said Fawad Maqbool, Founder and CEO. "They also confirm that our investment in the $100 million LOI program is translating into tangible sales and that we are on track to meet our revised revenue and margin targets for the coming fiscal year."
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