Why Was Amplitude Stock Up on Aug 5, 2026?

Amplitude, Inc. (AMPL) rose 6.468% in the fifteen minutes after its Q2 2026 report. Revenue grew 21% year-over-year to $100.9 million, with annual recurring revenue up 22% to $410 million. Full-year 2026 non-GAAP EPS guidance was raised to $0.06-0.08, up from $0.03-0.06, and Q3 2026 revenue guidance was set at $105.6-108.0 million.

Amplitude provides a digital analytics platform — what the company calls AI Analytics — helping product, data, and marketing teams understand user behavior and act on it, with customers including Atlassian, Burger King, NBCUniversal, and Square. Remaining performance obligations grew 35% year-over-year to $483 million, and the number of customers paying $100,000 or more in annual recurring revenue rose 30% to 824, though net revenue retention slipped to 103% from 106% the prior quarter. CEO Spenser Skates said the company has transformed into an AI Analytics company through its culture, products, and customer engagement strategy; CFO Andrew Casey said the company's Statsig integration contributed $17 million to ARR growth, with core Amplitude adding another $19 million.

Amplitude also expanded several AI-driven products in the same release: a broader Global Agent tool for real-time behavior analysis, new specialized agents, a Model Context Protocol integration linking Amplitude data into tools like Claude, Cursor, Slack, and Figma, and a new opportunity-discovery tool called Wave. Operating cash flow of $25.6 million and free cash flow of $23.7 million were both up about $5.5 million year-over-year.