AmpliTech Receives $1.03 Million Order, Lifting Backlog to Record
Key Facts
AmpliTech Group announced on October 21, 2026 that its AmpliTech Inc. unit had received a $1.03 million follow-on purchase order for low-noise radio-frequency amplifiers. The company said in its statement that the order lifted its total backlog to a record exceeding $52 million. The order came from a Fortune 1000 satellite communications customer, according to the statement. The deal covers amplifiers used in communications receivers to improve signal strength, according to the company's product descriptions in its annual report filed with the U.S. Securities and Exchange Commission. These amplifiers help increase receiver sensitivity and range, the technical function of the products covered by the new follow-on order.
The satellite communications order announcement came a day after the company announced on October 20 that it had received a $21.7 million follow-on order, which it described as the largest single order in its history. That order supports deployments at an Asian mobile network operator under a $78 million letter-of-intent program. AmpliTech said cumulative purchase orders under the program had reached about $34 million, or nearly 44% of the original letter of intent's value. The group's total backlog had exceeded $51 million following the Asian order announcement. The letter of intent remains nonbinding, according to the company's annual report filed with the U.S. Securities and Exchange Commission. The program requires a series of definitive purchase orders, with the latest Asian order representing a follow-on purchase order under this program.
The October announcements followed customer orders exceeding $17 million during the third quarter of 2026, according to a statement AmpliTech issued on October 14. On commercial execution, the company said the number of radio units deployed under a North American operator program had exceeded 3,000. That rollout is linked to the North American operator program the company discussed in its statement on third-quarter purchase orders. Chief Executive Fawad Maqbool said management's priority was to convert commercial opportunities into tangible results in orders, deliveries and revenue. Maqbool defined that priority as "firm orders, shipments and sustainable revenue growth" in his comments on business progress, linking business wins to shipment execution and revenue growth.
On financial results, AmpliTech's revenue in the second quarter of 2026 was about $8.07 million, according to the company's earnings statement. Revenue rose about 50.9% from $5.35 million in the first quarter of the same year. The company nevertheless posted a second-quarter net loss of $3.09 million despite the sequential revenue increase. Its loss in the corresponding period of 2025 was about $1.77 million, according to the year-on-year comparison in the earnings statement. AmpliTech attributed the wider loss to increased investment in research and development, alongside higher selling, general and administrative expenses, during the period in which it reported revenue growth from the previous quarter.
In the stock market, AmpliTech shares, which trade under the ticker AMPG, closed the October 20, 2026 session at $2.65, according to MarketBeat data. The shares gained 12.29% that session, the day the company announced its largest single order. The stock reached an intraday high of $2.74. Its low in the same session was $2.45, according to trading data. That close preceded the October 21 announcement of the satellite communications amplifier order, while the rally coincided with the announcement of the follow-on order linked to the Asian telecommunications operator program.
On delivery timing, AmpliTech expects to deliver its backlog during the remainder of fiscal 2026 and fiscal 2027, according to the new order statement. Those expectations are based on current production plans and scheduled customer delivery dates. The company had reported that changes by some Asian customers to their network deployment schedules affected shipment timing and revenue recognition. It affirmed in its business outlook statement that "the associated orders remain in place and have not been canceled," while customer schedules continue to affect execution timing. Management targets positive earnings before interest, taxes, depreciation and amortization in fiscal 2027, according to the forecast it published on August 17, 2026.