NEW YORK, June 9, 2026, 08:08 EDT
- AmpliTech (AMPG) shares soared 26.7% to finish Monday at $6.57. The jump followed the company’s June 8 Open RAN testing update.
- The company said its 64T64R Massive MIMO radio was the only one of its kind at the O-RAN Alliance Global PlugFest Spring 2026 event.
- No new order in the release, so investors are still waiting to see if testing will turn into actual sales.
AmpliTech Group, Inc. traded actively ahead of the U.S. open Tuesday. The Nasdaq-listed telecom gear maker’s stock gained 26.7% Monday. Traders moved on the latest Open RAN testing update. There was no new contract news.
AmpliTech is making its case now as it aims to prove that its U.S.-built 5G radio can run in carrier networks that use gear from multiple vendors. Open RAN, or open radio access network, is a push by the industry to make the mobile network layer—the one linking devices to the core—more open and able to work across brands.
Timing is a factor here. At 08:08 a.m. EDT, Nasdaq regular trading wasn’t open yet—its session runs 9:30 a.m. to 4 p.m. ET, with pre-market between 4 a.m. and 9:30 a.m. ET. June 9 isn’t shown as a holiday on Nasdaq’s 2026 calendar; the next listed closure is Juneteenth, June 19.
AmpliTech said Monday its O-RAN CAT B 64T64R Massive MIMO radio joined the O-RAN Alliance Global PlugFest Spring 2026, held between February and May. The company said Massive MIMO, or multiple-input multiple-output, uses a large number of antennas to boost wireless capacity and coverage.
The company said 31 companies and institutions joined the event, which spanned nine labs. Its radio worked with equipment from more than one vendor in tests held with operators and tech groups including AT&T, Deutsche Telekom, Korea Telecom, LG Uplus, Orange, and Rakuten Mobile.
AmpliTech founder and CEO Fawad Maqbool said in a statement the company was the only 64T64R radio present at the PlugFest event. “Open RAN interoperability is real, not theoretical,” Maqbool said in the release. GlobeNewswire
AMPG saw active trading Monday. Finviz reported 10.25 million shares changed hands. The June 8 GlobeNewswire release showed up at 8:00 a.m., and later a Stocktwits post questioned the move in the stock.
AmpliTech is still in the early stages financially. The company posted first-quarter revenue of $5.35 million, a gain of 48.6% from the same period last year. Gross margin came in at 48.0%. Net loss narrowed by 17.3% to $1.52 million. AmpliTech finished March with $18.4 million in cash, cash equivalents and marketable securities.
AmpliTech is pushing 5G O-RAN radios and its own radio-frequency and microwave technology into the market. Radio frequency, or RF, is the range of bands in wireless communications. In May, the company said it supplied hardware for an open-source Massive MIMO AI-RAN demo with NVIDIA and Northeastern University.
Competitive pressure remains. Dell’Oro Group put Huawei, Ericsson, and Nokia at the top of the global RAN supplier ranks by 2025 revenue, with market concentration hitting its highest point in a decade. “We still expect the RAN market to be mostly flat in 2026,” said Stefan Pongratz, vice president for RAN market research at Dell’Oro. Dell Oro Group
But PlugFest’s latest update didn’t mention any new purchase orders or revenue. If carrier tests don’t become real deployments, or if bigger suppliers keep packaging radio gear inside wider network contracts, Monday’s stock jump may not last.
Next up is more a question of timing than lab results. AmpliTech has said that 2026 revenue recognition will likely lean to the second half of the year, as customer deliveries, production scheduling and order flow all point to that timing.
