Slide 1: Second Quarter Fiscal 2026 Earnings Presentation
NASDAQ: AMPG | AMPGZ SECOND QU AR TER FISC AL 2026 Earnings Presentation Quarter ended June 30, 2026 • Reported August 13, 2026 Fawad Maqbool CEO/CTO & Chairman Louisa Sanfratello CFO Jorge Flores COO $8.07M 27.9% +161% $20.1M Q2 Revenue Gross Margin Gross Profit YoY Net Proceeds +50.9% sequential v
Slide 2: Forward-Looking Statements
IMPORTANT INFORMATION Forward-Looking Statements This presentation contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act o
Slide 3: Q2 FY2026: Meaningful Progress, Deliberate Investment
CEO • OPENING REMARKS Q2 FY2026: Meaningful Progress, Deliberate Investment $8.07M 27.9% $2.25M $(3.09)M Revenue Gross Margin Gross Profit Net Loss Up ~50.9% sequentially from $5.35M in Q1 Reflecting deliberate investment across the Up from 7.8% in Q2 2025 +161% year-over-year vs. $0.86M 2026 platfo
Slide 4: Investing Ahead of Growth
CEO • STRATEGY Investing Ahead of Growth Q2 was a quarter to invest in AmpliTech's future growth. Supply Chain & Customer-Driven R&D Sales & Marketing These investments impacted near-term profitability but Production position the Company to pursue and support significantly larger opportunities in ma
Slide 5: Building the Commercial Organization
CEO • COMMERCIAL STRATEGY Building the Commercial Organization Two Senior BD Hires Technology leadership needs equally capable market access. Supporting the expanding 5G Open RAN commercial strategy and 5G product portfolio Historically, AmpliTech has been a highly engineering-driven organization. A
Slide 6: Revenue: +50.9% Sequential Growth Quarter Over Quarter
CFO • FINANCIAL REVIEW Revenue: +50.9% Sequential Growth Quarter Over Quarter +50.9% Quarterly Revenue ($M) $12M $11.03M Sequential revenue growth ($5.35M in Q1 to $8.07M in Q2 $10M FY2026) $8.07M $8M Year-over-year context $6M $5.35M • The prior-year quarter included acquired 5G product sales assoc
Slide 7: Gross Profit +161% YoY; Margin 7.8% → 27.9%
CFO • FINANCIAL REVIEW Gross Profit +161% YoY; Margin 7.8% → 27.9% Q2 Gross Profit ($M) Q2 Gross Margin (%) $3M 30% 27.9% $3M $2.25M 25% $2M 20% $2M 15% $1M $0.86M 10% 7.8% $1M 5% $0M 0% Q2 2025 Q2 2026 Q2 2025 Q2 2026 +135% 35.9% Mix-driven F I R S T - H AL F F Y 2 0 2 6 Favorable product mix (abse
Slide 8: Sequential Gross Margin in Context
CFO • FINANCIAL REVIEW Sequential Gross Margin in Context Gross Margin by Quarter (%) Product mix drives quarterly swings 55% At present scale, individual customer programs and product mix can significantly affect quarterly margins 48.0% 45% 35% Costs ahead of revenue 27.9% Production readiness, sup
Slide 9: Operating Expenses: Investment Behind the Numbers
CFO • FINANCIAL REVIEW Operating Expenses: Investment Behind the Numbers SG&A Expense ($M) Parent-company expenses $5M Higher amortization, legal fees and stock-based compensation $5M $4.08M $4M Marketing & business development $4M Expanded trade-show participation and consulting resources supportin
Slide 10: Q2 FY2026 Net Result Putting the Expense Increase in Perspective
CFO • FINANCIAL REVIEW $(3.09)M Q2 FY2026 Net Result Net loss Putting the Expense Increase in Perspective • Product development and customer-specific engineering • Sales, marketing and business development • Supply-chain readiness and production capability • Cybersecurity, IT infrastructure and corp
Slide 11: R&D: Investing in Commercialization
CFO • FINANCIAL REVIEW R&D: Investing in Commercialization R&D Expense ($M) Q2 FY2026 R&D Composition $1.6M $1.37M $1.4M $1.2M $1.0M 5G Development: $1.08M Prototype, testing and consulting $0.8M $0.66M supporting O-RAN products $0.6M MMIC Design: $0.30M $0.4M Next-generation semiconductor design $0
Slide 12: A Substantially Stronger Balance Sheet
CFO • BALANCE SHEET & CAPITAL A Substantially Stronger Balance Sheet $12.95M $6.25M Dec 31, 2025 vs. Jun 30, 2026 ($M) $25M $22.9M Cash & marketable securities Accounts receivable $20M $18.6M $31.25M $22.93M $15M $11.8M $10.2M Total current assets Working capital (3.76x current ratio) $10M $5M $11.7
Slide 13: Why We Strengthened the Balance Sheet
CFO • BALANCE SHEET & CAPITAL Why We Strengthened the Balance Sheet “A stronger balance sheet is not simply a financial asset. It is a commercial capability.” Working capital Production capacity Supply chain Qualification & testing Larger opportunities Support the working-capital Strengthen supply-c
Slide 14: July 2026: Momentum After Quarter-End
SUBSEQUENT EVENTS July 2026: Momentum After Quarter-End July 7, 2026 July 22, 2026 July 2026 ATM terminated; $10M buyback Series A Rights exercise closed $6M+ in follow-on orders authorized Terminated the equity distribution agreement with Following the July 18 rights expiration, the Received more t
Slide 15: Operational Readiness for a Different Level of Customer
COO • OPERATIONS Operational Readiness for a Different Level of Customer Major telecom customers evaluate far more than product and price. Engineering & Quality & manufacturing Supply-chain reliability Q2 was about continuing to prepare AmpliTech for a customization different level of customer engag
Slide 16: Supply-Chain Resilience & Production Readiness
COO • OPERATIONS Supply-Chain Resilience & Production Readiness $3.08M $2.47M $1.3M Long-term deposits at June 30 Dedicated production capacity H1 2026 advance payments Securing capacity and strategic supply relationships Deposits associated with dedicated manufacturing capacity Additional payments
Slide 17: Customer-Driven Engineering
COO • OPERATIONS Customer-Driven Engineering 1. Custom requirements 2. Prototype & testing 3. Qualification & validation 4. Production programs Customers request specific Increased product-development, Customer testing, validation and Solutions transition into production configurations and technical
Slide 18: Sales, Marketing & Global Expansion
COO • COMMERCIAL Sales, Marketing & Global Expansion Strategic marketing & communications firm H1 FY2026 EVENT PRESENCE Building the brand foundation from the ground up. Website and messaging overhauled; sales campaigns, ecommerce rebuild, SEO and brand equity underway IMS (International Microwave S
Slide 19: Cybersecurity, IT & Enterprise Readiness
COO • ENTERPRISE READINESS Cybersecurity, IT & Enterprise Readiness Strengthened cybersecurity environment Specialized consultants engaged; robust cyber practices are now core to supplier qualification with major customers “We are building the infrastructure behind the product.” SOX protocols & inte
Slide 20: Q2 – Continuing To Invest In Capabilities to Support Long-Term Growth
CEO • STRATEGIC PERSPECTIVE Q2 – Continuing To Invest In Capabilities to Support Long-Term Growth Not a phrase to explain higher expenses, but a deliberate strategy to invest ahead of the revenue opportunities we are pursuing. Production readiness & supply- Sales, marketing & global business Custome
Slide 21: Revenue Quality Over Revenue Quantity
CEO • MARGIN PERSPECTIVE Revenue Quality Over Revenue Quantity H1 Gross Profit ($M) H1 Gross Margin (%) 40% $4.82M 35.9% $5M 35% $4M 30% 25% $3M 20% $2.05M 14.0% $2M 15% 10% $1M 5% $0M 0% H1 2025 H1 2026 H1 2025 H1 2026 H1 revenue was ~8% below the prior-year period, yet gross profit grew ~135%. The
Slide 22: From Investment to Operating Leverage: 2026 Priorities
CEO • OUTLOOK From Investment to Operating Leverage: 2026 Priorities Converting investment into results. Priorities for the remainder of 2026: Convert customer engagement and development programs into 1 commercial orders and production revenue 5 Complete key customer-driven engineering and customiza
Slide 23: The Second Quarter Continued a Transition
CEO • CLOSING REMARKS The Second Quarter Continued a Transition From individual products to a technology, operational and commercial platform built for significantly larger MNO and ORAN 5G markets . +51% +135% $20.1M Sequential revenue growth in Q2 First-half gross profit growth YoY Net proceeds fro
Slide 24: Thank You
NASDAQ: AMPG | AMPGZ Thank You AMPLITECH GROUP Headquarters Hauppauge, New York (U.S.-based manufacturing) We appreciate the continued support of our shareholders, customers, Founded employees and strategic partners. 2002 • Nasdaq-listed since 2021 Divisions Investor Contact AmpliTech Inc., Specialt
Slide 25: Company & Market Reference
APPENDIX Company & Market Reference Supplemental information on AmpliTech's growth markets and investment highlights 25
Slide 26: Four Principal Growth Markets, One Technology Platform
APPENDIX Four Principal Growth Markets, One Technology Platform 5G / Telecom Infrastructure SATCOM & Space O-RAN radio systems and next-generation wireless infrastructure. Open Advanced RF and microwave technologies for satellite communications, RAN market forecast to grow at a 19.5%–34.1% CAGR; pri
Slide 27: Why Invest in AmpliTech?
APPENDIX Why Invest in AmpliTech? Differentiated technology & IP One-stop 5G O-RAN shop Advanced test capability Internally developed LNAs, MMICs and cryogenic Low/mid-band RUs, single/dual-band RUs, FWA CPE, Advanced test labs including conformance, RCT, IOT amplifier platforms with meaningful perf