Core Viewpoint - Amplitude is showing signs of momentum and potential growth, particularly with improvements in its fundamentals and product offerings, which could lead to a stock surge in 2026 [3]. Financial Performance - In the third quarter, Amplitude's revenue increased by 16% to $347 million, while remaining performance obligations rose by 37% to $391.9 million, indicating longer customer contracts [4]. - Wall Street analysts project a modest revenue growth of 14% for 2026, but the company has the potential to exceed these expectations given its recent GAAP revenue growth of 18% in the third quarter [8]. Product Development - Amplitude has expanded its product portfolio with new features such as AI visibility and web experimentation, enhancing its value proposition to customers [5]. - The company has launched several AI agents to help customers gain insights into product usage, which is expected to drive further growth [2]. Market Position - Amplitude is recognized as a leader in product analytics, receiving accolades from Forrester Wave and G2 for its performance in digital analytics [6]. - Currently, 27% of the Fortune 500 companies are customers of Amplitude, providing a solid customer base for future revenue growth [5]. Valuation Metrics - Amplitude is trading at a price-to-sales ratio of 4, which is considered attractive for a small-cap cloud software company with accelerating growth [7]. - The company is operating close to break-even on an adjusted basis, which is typical for the software sector [7].