Amplitude posts transcript of Q1 2026 earnings call

• Amplitude Q1 2026 earnings call featured Chairperson and CEO Spenser Skates, CFO Andrew Casey, Head of Investor Relations John Streppa, with analysts from UBS, Baird, KeyBanc, DA Davidson, Needham, BTIG, William Blair, Piper Sandler, Bank of America, Morgan Stanley, Citi.
• Revenue came in at $93.5 million, up 17% year over year; ARR rose to $374 million, up 17%; dollar-based net expansion improved to 106%; gross margin fell to 75% on higher AI inference costs from faster-than-expected customer adoption.
• Management announced strategic partnership with Statsig, taking on Statsig brand, customer contracts, platform support, and product development; OpenAI will keep running Statsig technology internally for non-commercial use.
• Guidance incorporated Statsig, including $5 million-$7 million revenue contribution for 2026; Q2 revenue seen at $96.9 million-$99.1 million; full-year revenue seen at $397 million-$403 million; $16 million incremental ARR from Statsig customer base expected to be recorded in Q2.
• Skates outlined AI push across products and operations, citing agent analytics, MCP connectors, AI Assistant, and a CLI setup tool; Casey flagged near-term gross margin pressure from inference spend and integration work, with longer-term expectation of operating leverage from AI-driven efficiency.

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