Olyth

$AMPG is the best asymmetric small-cap setup in the market. AmpliTech is, at its core, a pure-play American hardware engine for the fastest growing technology sectors today. After months of research, this article explains my complete thesis.

Did $AMPG just completly reverse the damage from last earnings? AmpliTech pulled the $50M FY26 number and said volume shipments on one international 5G program had slipped. Stock price tanked ont this news. Bureaucracy/deployment timing in Asia. Not cancelled demand. The large overseas LOI was still active. Today they announced over $7.3M in follow-on O-RAN 5G orders for an Asian MNO under that previously announced LOI, after radios were already deployed at end-customer sites. They also noted separate North America follow-ons. Delayed Asian account, now reordering. Validation of the “timing, not cancellation” story. Demand is there and the company is still following through.

The $AMPG sell-off looks overdone when you look at the sequence of information and what management actually said. The stock dropped hard in after-hours right after the press release hit. That was an algo sell off based on the numbers alone. Investors immediately panicked. I heard a lot of people saying the thesis is broken. Many long term investors sold. I did not sell and if I did I would have looked at it as an emotionally driven decision not a rational one. I wanted to take some time to think it through and not let my emotions cloud my judgement. I don't believe the thesis is broken. It is playing out. You can't deny all the progress management has made over the past year transitioning the company into the only American 5G O-RAN player. But that's what a lot of people have done. This quarter was a key part of that transition. Not on the product side but the company side. Many reacted to the bigger loss number before hearing the full context on the call: these were deliberate, forward-looking investments to win and support larger telecom/5G Open RAN customers. When they announced the $10m share buyback a major criticism was that they should be investing in growth not buybacks. Now they make an investment in growth and they are punished for it. I will admit they did a horrible job explaining this on the call. They also should have been upfront about their expectations going forward. Scaling a real 5G O-RAN platform requires exactly this kind of upfront spending on technology, production capacity, commercial reach, and the infrastructure larger carriers demand. You can give them grief for not anticipating this in advance, but I won't treat these investments into the company as a negative. That is a long term benefit. One that will take AmpliTech to the next level. These investments are necessary steps to achieve the growth and scale required to fully realize the O-RAN buildout and convert the pipeline into sustained higher-margin revenue. Management explicitly called Q2 an “investment quarter.” The spending was not uncontrolled cost overrun, it was intentional preparation for bigger opportunities. At the same time, the underlying business showed sequential progress: revenue +51% to $8.07M, gross profit +161% YoY, gross margin expanding to 27.9% from 7.8%. July brought over $6M in follow-on orders, LOIs remain active, and the balance sheet was strengthened by the rights offering. Markets often punish the near-term P&L hit from growth investments before fully pricing the strategic rationale. Yes the 30% haircut sucks but I believe it is way over done. The investments they made are a required bridge to the scale the 5G O-RAN opportunity demands. Treating that deliberate spending as pure negative news, without the context, looks like an over-reaction on the day. The thesis is still intact and actually advancing to the next level IMO. The timeline may have been extended, that's to be determined, but the thesis is still playing out, not broken.

$AMPG will release it's Q2 earnings Thursday, August 13, 2026, after the market close. Analysts forecasting a loss of $0.02 per share and revenue of $8.0 million. Conference call the same day at 5:00 p.m. Eastern Time to discuss the results.

Important distinction here. You’ll see $AMPG (not Nokia or Ericsson) because AmpliTech is the one actually committing to a full open-source stack. Nokia and Ericsson take $NVDA’s AI Aerial software and fold it into their own proprietary systems. That still locks operators into their ecosystems. AmpliTech is going the opposite direction. Full open RAN + open-source software. This is where the industry is heading. That’s a real difference, and why this public code-level integration with Aerial matters.

$AMPG Gang. Something is brewing. Seems be be lots of chatter about $NVDA and telecoms lately. When they move you listen.

$AMPG CEO just posted on LinkedIn about the current state of 5G that most don't understand. We don't really have the 5G that was promised. We aren't going from 5G to 6G, because we don't really have 5G currently. There's a step in between to correct the fumbled rollout of 5G, that's called 5G Advanced. Most of what we call 5G today is still heavily dependent on 4G LTE infrastructur. Real-world speeds often sit in the 100–300 Mbps range instead of the multi-gigabit, ultra-low-latency performance that was originally promised. The early rollout prioritized coverage and quick branding over full capability. AmpliTech's 64T64R Massive MIMO O-RAN RU fills the hardware need for 5G Advanced. 5G Advanced is the course correction. It delivers meaningful gains in speed, capacity, latency, and efficiency while adding native AI support. Much of this progress is happening on Open RAN architectures, which use open interfaces and software-defined designs. That openness makes it significantly easier to upgrade networks, insert AI, and transition smoothly toward 6G without locking operators into proprietary systems. That's why MNOs are pushing O-RAN and interoperability so hard. They learned their lesson with the 5G roll out and don't want to make the same mistake with 5G Advanced and 6G AI-RAN. The longer-term destination is AI-RAN, networks that are intelligent by design. That vision fully matures with 6G, but the foundation is being laid now with 5G Advanced and Open RAN. There's a long runway in the telecom instructed upgrade that has just started.

$AMPG holders take note of the industry shift that's happening in telecommunications with $NVDA. This accelerates the transition of AI to the network edge and expands the AI-RAN market. It's a direct positive for AmpliTech. They already supply the only U.S. OTIC-certified 64T64R Massive MIMO Open RAN radio. They collaborated with NVIDIA on the first open-source Massive MIMO AI-RAN demonstration. They are a member of the AI-RAN Alliance. As operators look for AI-ready radio hardware that works with GPU platforms, AmpliTech's American-made radios ALREADY check the box. Especially in markets that want trusted, non-Chinese supply chain options alongside NVIDIA’s compute. The bigger the AI-RAN wave grows, the more demand there will be for the exact hardware AmpliTech is already delivering.

Today $AMPG announced they had $6m+ orders in July. $6m+ in one month. Last quarter revenue was $5m total. That's what you call EXECUTION. AmpliTech is the fastest growing microcap by far. That's because this year, they changed the trajectory of the company forever. No longer a small component company but a world class, global, Open Ran Radio company. They now have the product, the certifications and the team to capitalize on it, and the numbers are proving it. According to the PR these new orders included "recently introduced products that have completed applicable ISED and FCC certification requirements." That product? Their brand new AI-Ready 4T8R Open RAN Radio, which received both certifications on July 22. So they got the certification for their AI-Ready 4T8R Open Ran radio a week ago and are already receiving orders for it. That's execution. Think about the demand this new radio must have to be getting orders immediately after receiving the certification. Even if the demand is high the team STILL executed by getting the sales. Plus the AI infrastructure build is just beginning. The ramp up is starting now. The AI-Ready 4T8R Open RAN Radio is going to be another high demand solution along side the 64T64R Open RAN Radio. Bottom line: Strong follow-on momentum + new certified AI-ready radio momentum = clear progress converting pipeline into revenue. AmpliTech is executing in all areas of the business now. Game changer for $AMPG shareholders.

Any doubt that $AMPG would not be able to execute the business side has been out to rest. $6m + orders in July alone, beating the entire first quarter. Higher.

$AMPG had $5 million revenue last quarter. This morning they just announced they had 6 million follow on orders in July alone. LFGGG!

These 12 milestone events completely rewrote the story of $AMPG forever. They all took place in just the first seven months of 2026. Turning a small RF component company into one of the most important pure-play American Open RAN + AI-RAN stories on the market. 𝟭. 𝗝𝗔𝗡𝗨𝗔𝗥𝗬 𝟴, 𝟮𝟬𝟮𝟲 Appointed Prof. Tommaso Melodia to Board of Advisors Added one of the world’s leading Open RAN and AI-native wireless researchers, significantly strengthening AmpliTech’s technical credibility and strategic leadership in next-generation wireless. 𝟮. 𝗝𝗔𝗡𝗨𝗔𝗥𝗬 𝟮𝟬, 𝟮𝟬𝟮𝟲 First U.S. company to achieve O-RAN certification for its 64T64R Massive MIMO radio Independent O-RAN certification validated standards compliance and interoperability, positioning AmpliTech as the leading U.S.-based alternative for carrier-grade Open RAN deployments. 𝟯. 𝗠𝗔𝗥𝗖𝗛 𝟮𝟲-𝟮𝟳, 𝟮𝟬𝟮𝟲 Reported record FY2025 results (revenue ~$25.2 million, +165% YoY; net loss narrowed). Reaffirmed FY2026 guidance of $50 million. Revenue surged to approximately $25.2 million while losses narrowed and FY2026 guidance was reaffirmed, demonstrating that the Open RAN strategy was translating into meaningful commercial growth. 𝟰. 𝗔𝗣𝗥𝗜𝗟 𝟮𝟴, 𝟮𝟬𝟮𝟲 Secured $2M+ follow-on orders from a North American mobile network operator Repeat orders validated customer confidence, expanded backlog beyond $20 million, and demonstrated growing commercial adoption beyond initial trials and letters of intent. 𝟱. 𝗠𝗔𝗬 𝟮𝟬, 𝟮𝟬𝟮𝟲 Received FCC & ISED certifications for indoor 5G Native DAS infrastructure Regulatory approval opened the North American market for immediate deployment of AmpliTech’s Native DAS solutions across commercial buildings, campuses, stadiums, and public venues. 𝟲. 𝗠𝗔𝗬 𝟮𝟭, 𝟮𝟬𝟮𝟲 Powered the world’s first open-source Massive MIMO AI-RAN demonstration with NVIDIA AI Aerial AmpliTech’s commercial 64T64R radio became the hardware platform powering the world’s first open-source Massive MIMO AI-RAN demonstration integrating NVIDIA AI Aerial and OpenAirInterface, validating its role in AI-native wireless infrastructure. 𝟳. 𝗝𝗨𝗡𝗘 𝟴, 𝟮𝟬𝟮𝟲 Only 64T64R Massive MIMO vendor at O-RAN Global PlugFest Spring 2026 Participation alongside leading operators and vendors demonstrated interoperability and reinforced AmpliTech’s technical leadership in global Open RAN and AI-RAN development. 𝟴. 𝗝𝗨𝗡𝗘 𝟭𝟲, 𝟮𝟬𝟮𝟲 Expanded Open RAN business development leadership Added two experienced executives to accelerate commercial partnerships, customer engagement, and large-scale Open RAN deployment opportunities. 𝟵. 𝗝𝗨𝗟𝗬 𝟳, 𝟮𝟬𝟮𝟲 Authorized $10M share repurchase; ended ATM offering Demonstrated management’s confidence in the company’s valuation while eliminating future dilution from the at-the-market equity program. 𝟭𝟬. 𝗝𝗨𝗟𝗬 𝟴, 𝟮𝟬𝟮𝟲 Featured in VIAVI VALOR Lab AI-RAN demonstrations Showcased AmpliTech’s 64T64R radio in VIAVI’s AI-RAN test environment, putting our technology in front of the ecosystem partners and operators driving the next wave of intelligent networks. 𝟭𝟭. 𝗝𝗨𝗟𝗬 𝟭𝟳, 𝟮𝟬𝟮𝟲 Approved for membership in the AI-RAN Alliance Joined the global consortium leading AI-native wireless innovation, giving AmpliTech a seat alongside industry leaders shaping the future of intelligent radio access networks. 𝟭𝟮. 𝗝𝗨𝗟𝗬 𝟮𝟮, 𝟮𝟬𝟮𝟲 Received FCC & ISED certifications for AI-ready 4T8R Open RAN Radio Unit Completed the company’s Open RAN radio portfolio by enabling outdoor macro-cell deployments and significantly expanding its North American addressable market. These 12 milestones didn’t just change the trajectory of $AMPG… they redefined what’s possible for the USA when it comes to home grown wireless infrastructure. These 12 milestones will lead to a significant rerate of AmpliTech over the next few years.

$AMPG for Dummies.

And today it's announced $AMPG became a member of the AI-RAN Alliance. What an influential board member to have. The accomplishments AmpliTech had this year has Melodia's fingerprints all over it.

One of the problems with investing in companies like $AMPG is it's hard to understand the technology stack. And with AmpliTech they have many different groups with lots of moving parts in each line. This post makes it easy to understand the different radio units that AmpliTech has and what the difference is between them. Give it a read if you want to understand why the news of AmpliTech confirming they commercially deployed their flagship 64T64R massive MIMO radio units is such a big deal.

$AMPG just dropped some breaking news this morning. Quiet confirmation that their flagship radio unit, the 64T64R massive MIMO, has been commercially deployed. Something that no other American company has done. The progress can't be doubted any longer. DON'T SLEEP ON $AMPG!

$NOK still hasn't done what $AMPG has if that's what you are asking. They are the industries first to commercialize an AI-RAN platform but it is not fully disaggregated like we saw with the Northeastern University demo. Fully disaggregated Open RAN is a different lane and that's where $AMPG is focused. AmpliTech was the first and only to demonstrate this. No one else has done this yet and that's not what $NOK is trying to do here. The goal is to get to where AmpliTech is heading. Their demo separates the radio unit, distributed unit, and central unit with open interfaces, enabling multi-vendor mix-and-match and open-source elements like OpenAirInterface. That's not what $NOK did.

$AMPG will ring the opening bell tomorrow, celebrating 5 years as a public company. Honestly, Fawad deserves some recognition. This company is what he lives for. AmpliTech has been public for 5 years but he's been building it for 25 years. He's a 10% owner and never sells. Now, the timing off this couldn't be any better. The company is at a major inflection point with many breakthrough achievements and record growth in 2026. The story is just beginning after 25 years and the odds are in AmpliTech's favor for the next 5 years.

This is a step in the right direction and great to see for the AI infrastructure buildout as a whole, but the future will be a full open-source stack. That means hardware AND software. That's what was accomplished by Northeastern University, OpenAirInterface, $AMPG and $NVDA, and that is what the Deparment of War is pushing for with FutureG. Right now Nokia and NVIDIA will be first to market and more efficient than the true open-source stack, but it will still push some vendor lock-in. Nokia's platform does leverage O-RAN standards to ease future interoperability, which is still a plus for all hardware manufacturers. BUT it's not the full open-source stack that MNOs are pushing for and it's only a matter of time before that catches up in efficiency.