Pomerantz_LLP investigates Amplitude securities fraud

Pomerantz LLP is investigating Amplitude for alleged securities fraud and unlawful business practices. This investigation follows Amplitude's announcement on May 6, 2026, that it was lowering its fiscal year 2026 non-GAAP operating income guidance from an expected range of $7 million to $13 million down to $2.5 million to $6.5 million. Analysts, including Bank of America, interpreted this revised outlook as a sign of margin compression, leading to a downgrade of Amplitude's stock due to concerns about execution risks and profitability, particularly related to its partnership strategy and increasing AI-related costs. Consequently, Amplitude's stock price dropped by $1.61 per share, or 21.41%, closing at $5.91 per share on May 7, 2026. Pomerantz LLP is now advising affected investors to contact them regarding potential participation in a class action.