AmpliTech ($AMPG): The Complete Series

Every post, in order. Updated as the thesis develops

The complete AmpliTech thesis. A twenty-four-year-old RF house that turned itself into a 5G Open-RAN radio OEM with a quantum tail, converting letters of intent into deployable hardware. This page tracks every post, in order.

AmpliTech spent twenty-four years as a quiet radio-frequency component house before it did something most small caps never manage. It reinvented itself as an original equipment manufacturer of 5G Open-RAN radios, the boxes that carriers bolt to towers and rooftops to actually move the traffic, and it kept a cryogenic amplifier line pointed at quantum computing on the side. The reason the name matters now is Buy-America. The federal BEAD broadband program routes tens of billions of dollars into domestic network buildout, and it favors equipment made outside of the incumbent Chinese and European supply chain. AmpliTech is one of the few American radio OEMs certified to catch that money. The through-line of this series is conversion. A thesis is only worth the paper it prints on until the letters of intent turn into purchase orders, the certifications turn into deployments, and the government dollars turn into revenue. Each part below marks another step of that conversion in real time, from the first look at a five-dollar stock nobody trusted to the full bull discounted-cash-flow model on a name where the hardware is now cleared to ship.

Last updated: 2 July 2026. This page is a living document and is updated as each new post goes live.

THE SERIES

Part 1 - Forty-Eight Percent Gross Margins, Zero Debt

$AMPG: Forty-Eight Percent Gross Margins, Zero Debt, And A Five Dollar Print Nobody Trusts Yet

The setup. A 5G Open-RAN radio OEM with a quantum tail, 48 percent gross margins and a clean balance sheet, before I owned it.

Part 2 - The Starter Becomes a Ten Percent Position

AMPG Stock: AmpliTech’s 48% Gross Margins, Open-RAN Radios, and a $7 Target at $4.42

The stock fell on no news, never tripped my add line, and the thesis did not change. Opening a ten percent position and explaining the size.

Part 3 - The First Conversion

$AMPG: The First Conversion. FCC And ISED Cleared The Radio, And The BEAD Money Is Already Moving

FCC and ISED cleared the indoor 5G radio, the BEAD program signed award agreements with fifty-two states, and I built the full bull DCF.

HOW TO READ THIS

Read Part 1 first if you are new to the name. It carries the full setup. Read the most recent post if you are already caught up, since the thesis moves with the tape and the filings. Every part is written to stand on its own, but they compound in order.

Disclosure. Everything here is built from public filings and public data. Research synthesis for educational purposes, not investment advice. I am not a registered investment advisor and I do not owe you a fiduciary duty. Positions and price scenarios discussed in the individual posts are illustrative, not forecasts, and the inputs can be wrong. Do your own due diligence.