Amplitude stock doubles from lows on strong Q2 results and enterprise growth

Amplitude's stock price has doubled from its year-to-date lows, driven by strong Q2 financial results and significant growth in enterprise customers. The company's AI Analytics platform benefits from faster application development cycles, resulting in 21% year-over-year revenue growth and a 35% increase in backlog. Over 68% of Annual Recurring Revenue (ARR) now comes from enterprise clients, with a 30% rise in large customers and broader product adoption. Despite near-term margin pressures, the company maintains healthy growth guidance and an attractive valuation, leading to a reiterated buy rating.

Following Amplitude's strong Q2 results and backlog growth highlighted in the news, the stock trades at USD 13.42 on Pluang as of Sep 15, 2026 20:11 WIB, slightly down 1.68% for the day. The market values Amplitude at $1.71 billion, with the share price near its 52-week high of $14.30, reflecting ongoing investor interest despite some short-term price dips.