Audio Research · Core line

Audio Research S-200 Stereo Power Amplifier

$12,950

Signature technologiesThe Audio Research story

On demonstration in our Portland showroom

Audio Research · Core line

The S-200 is Audio Research's solid-state stereo power amplifier: a fully balanced Class A/B circuit with matched bipolar output transistors, built dual mono from the mains inlet with a toroidal transformer and linear supply for each channel, rated at 200 W into 8 Ω and 400 W into 4 Ω with a damping factor of 300, in a machined aluminum chassis with power meters in the Audio Research style.

Introduced 2025 with the S-100, LS-2, LS-3, D-80 and I/70. Balanced XLR and single-ended RCA inputs, switch-selected. Silver or black at the same price.

200 W / 400 W
per channel into 8 Ω / 4 Ω; 2 Ω not rated
300
damping factor, 20 Hz – 1 kHz; THD below 0.1 % from 0.25 W to rated output
100 dB
signal-to-noise ratio; ±0.1 dB, 20 Hz – 20 kHz
41 lb
weight (19 kg); 19 in wide, 7 in tall, 17.5 in deep

Authorized Audio Research dealer · Delivery and installation by Pearl Audio · Trade-ins welcome

The story

Audio Research has built solid-state amplifiers alongside its tube designs since the D-100 of 1975, and the S-100 and S-200 are, in the company's words, its latest and most advanced entries into solid-state design. They were announced in March 2025 at the Southwest Audio Fest as part of a new core line under the company's new private ownership, with the LS-2 and LS-3 preamplifiers, the D-80 tube amplifier and the I/70 integrated, and shipped from that summer. The S-200 is the larger of the two: 200 W per channel into 8 Ω and 400 W into 4 Ω in a 41 lb chassis the same size as the LS-2, so that a preamplifier and power amplifier from the new line stack as a pair. The designers' stated goal was an amplifier that avoids sounding overly soft or overly analytical, and the company produces it in its Minnesota facility beside the Reference tube amplifiers.

The circuit is a pure Class A/B design, fully balanced from input to output, with bipolar output transistors chosen over MOSFETs for what Audio Research describes as their purity, transparency and better dynamics, and matched closely so that the two halves of each balanced stage track. It is dual mono from the mains inlet: two custom-wound toroidal transformers sit behind the AC input, each feeding its own linear supply and capacitor bank, so one channel's demand never modulates the other's rails. The published figures are 200 W into 8 Ω and 400 W into 4 Ω, distortion below 0.1 percent from 0.25 W to rated output at 1 kHz into 8 Ω, a signal-to-noise ratio of 100 dB, a response within ±0.1 dB from 20 Hz to 20 kHz and a damping factor of 300 from 20 Hz to 1 kHz, a figure that marks the S-200 as a low-output-impedance design intended to hold a loudspeaker's bass under control rather than to flatter it.

Inputs are balanced XLR and single-ended RCA, both at 100 kΩ and selected by a rear-panel toggle, with 1.8 V for rated output and non-inverting polarity, pin 2 positive. Two power-output meters on a black background, drawn in the style of Audio Research's current meters but distinct from the GhostMeters of the Reference amplifiers, read across the front panel. The chassis is machined aluminum in black or silver anodizing with custom machined heat sinks on the sides and no fasteners visible from the front or top, and the amplifier draws 48 W at idle and 475 W at rated output, with a 0.25 W standby.

Edgar Kramer reviewed the S-200 with the LS-2 for SoundStage! Australia (April 2026) on Wilson Audio Alexia V loudspeakers, with a Totaldac d1-triunity and a Transrotor Crescendo as sources, and found vocals carried faithfully to the loudspeakers, clean and controlled bass that favored tempo and flow over outright extension, and a pairing whose potential lay in the two together; he had no criticism of the amplifier beyond the LS-2 remote's battery cover. What Hi-Fi? (October 2026) tested the LS-2 and S-200 together with PMC MB2 SE, ATC SCM50 and Sonus faber Olympica III G3 loudspeakers and scored the pair 4 stars for sound, build and features, calling it "a capable and commanding amplifier duo"; the magazine found the S-200 delivered scale, authority and composure at high volume with a natural, textured tonality and drove difficult loudspeakers well, while wanting more finesse and agility in low-level dynamics and a deeper perspective than it heard, and preferring the Yamaha M-5000's finish.

In a system the S-200 is the Audio Research power amplifier for a listener who wants the company's line stages in front of a transistor output: its 100 kΩ inputs load a tube preamplifier lightly, its 400 W into 4 Ω suits loudspeakers the tube amplifiers find hard, and it needs no tube budget or warm-up. We pair it with the LS-2 or Reference 7, with Magico A3 and A5, Sonus faber Olympica III and V G3 and Bowers & Wilkins 803 and 802 D4 loudspeakers, with dCS Lina and Linn Selekt sources and the PH9 phono stage, and we run it balanced. It stacks with the LS-2 at the same footprint; allow airflow at the heat sinks.

Within Audio Research the S-200 sits above the S-100, which gives 100 W per channel from the same design, and beside the D-80 at the same price. Choose the S-100 for loudspeakers of average sensitivity in a smaller room; choose the D-80 for KT150 tubes and the sound of a balanced pentode output stage; choose the S-200 for 200 W of solid-state power, single-ended as well as balanced inputs and a damping factor of 300; move to the Reference 160S when the budget allows the Reference tube amplifier.

Each technology below is explained in depth in the Audio Research technology library; the Audio Research story follows the company from William Z. Johnson's first amplifier in 1949 to the Reference 330M and Reference 20.

Key technologies

  • Fully balanced Class A/B. A pure Class A/B circuit balanced from input to output, with matched bipolar output transistors chosen over MOSFETs for purity, transparency and dynamics.
  • Dual mono from the inlet. Two custom-wound toroidal transformers behind the AC input, each with its own linear supply and capacitor bank.
  • Damping factor 300. Low output impedance from 20 Hz to 1 kHz for control of the loudspeaker's bass; 400 W into 4 Ω.
  • Switch-selected inputs. Balanced XLR and single-ended RCA at 100 kΩ, chosen on the rear panel; 1.8 V for rated output, non-inverting.
  • Power meters. Two output meters on a black background in the style of Audio Research's current meters, distinct from the Reference GhostMeters.
  • Machined aluminum chassis. Black or silver anodized aluminum with custom machined heat sinks and no visible fasteners from the front or top; the same footprint as the LS-2.
  • Built in Minnesota. Produced in Audio Research's facility alongside the Reference tube amplifiers.

Audio Research's line stages, the LS-3 and LS-2, are its natural partners.

Finishes

  • Silver silver anodized machined aluminum
  • Black black anodized machined aluminum

Both finishes are the same price. Side heat sinks need clearance for airflow.

Specifications
Type Stereo solid-state power amplifier, fully balanced Class A/B, dual mono
Power output 200 W per channel into 8 Ω; 400 W per channel into 4 Ω; 2 Ω not rated by Audio Research
Output devices Matched bipolar transistors; number not published by Audio Research
Total harmonic distortion Below 0.1 %, 0.25 W to rated output into 8 Ω at 1 kHz
Frequency response ±0.1 dB, 20 Hz – 20 kHz
Signal-to-noise ratio 100 dB
Damping factor 300, 20 Hz – 1 kHz
Input sensitivity 1.8 V RMS for rated output
Input impedance 100 kΩ, balanced or single-ended
Inputs Balanced XLR and single-ended RCA, switch-selected; non-inverting, pin 2 positive (IEC-268)
Gain and output impedance Not published by Audio Research
Power supply Dual mono: two custom-wound toroidal transformers with linear supplies and capacitor banks
Power requirements 120 V AC; 475 W at rated output; 48 W idle; 0.25 W standby
Dimensions (W × H × D) 19 × 7 × 17.5 in (48.3 × 17.8 × 44.5 cm)
Weight 41 lb (19 kg) net; 63 lb (28.5 kg) shipping
Finishes Black or silver anodized aluminum
Warranty 3 years parts and labor with registration (Audio Research standard terms)
Made in Minnesota, USA
Sold as Single unit

Audio Research S-200 product page and specifications

Where it sits in the range

Audio Research power amplifiers, ordered by price; the monoblocks are priced each.

Its line stages are the LS-2, which shares its footprint, the solid-state LS-3 and the Reference 7; the PH9 adds a turntable.

Reviews

Plan your Audio Research system with Pearl Audio

Pearl Audio is an authorized Audio Research dealer. Ask us to arrange an audition of the S-200 with the LS-2 in our Portland showroom, beside the D-80 and the Reference 160S, with the loudspeakers you have in mind. Call (503) 222-2599 or email sales@pearlaudio.com.

Signature technologies

The engineering behind the Audio Research S-200 Stereo Power Amplifier

Audio Research gives its technologies names because each one solves a specific problem. Here is what each does, where it came from, why it matters in a system, and what you may hear.

Dual differential, end to endSince 2004

Fully balanced circuitry

Audio Research's Reference preamplifiers and power amplifiers, and the new D-80, S-100 and S-200, are fully balanced: each channel is amplified as two mirror-image halves, so noise common to both cancels and the signal travels by XLR from the preamplifier to the output tubes. Read the deep diveClose

What it does

The Reference 3 of 2004 was the first Audio Research line stage built as a fully balanced, zero-feedback class-A circuit with a long-tailed-pair input, and the Reference 10 of 2012 described itself as fully balanced, all tube, pure class A, dual mono with zero feedback. The practice runs through the current range: the Reference 20 and 7 are balanced throughout, the D-80 of 2025 feeds a pair of KT150s per channel from a fully balanced differential path and offers XLR inputs only, the S-100 and S-200 are fully balanced solid-state amplifiers with dual toroidal transformers, and even the LS-3, the company's solid-state line stage, has a fully balanced differential JFET input stage. Asked whether the Reference 20 had transistors at its input, the company's answer was no: fully balanced, dual differential, all tubes.

Why it matters in a system

Balanced operation cancels the noise picked up between boxes and doubles the signal swing available to the output stage, and in an all-Audio Research system it means the music is never converted from single-ended to balanced and back. The LS-2's inverting single-ended path is the deliberate exception, for owners who prefer the simplest circuit.

What you may hear

A black background behind the music and a wide, deep soundstage, the qualities for which the Reference series has been reviewed for twenty years.

The supply is in series with the musicSince 1949

Regulated power supplies

Audio Research treats the power supply as part of the signal path, because, as Johnson put it, it is in series with the audio signal whether we like it or not. Its preamplifiers regulate their supplies electronically, often with a 6H30 and a 6550 doing the regulating, so the audio circuit sees a clean, constant voltage. Read the deep diveClose

What it does

Johnson's first amplifier had an electronically regulated supply in 1949, and the SP-10 of 1982 put the supply in its own chassis, a layout the Reference Anniversary and Reference 10 kept. In the current range the PH9 phono stage regulates its supplies with a 6550WE and a 6H30P to better than 0.01 percent line regulation; the Reference 20 of 2026 redesigned its supply with new film capacitors and reduced noise on the regulated rails by an order of magnitude; the Reference 7 uses solid-state regulation of the same platform; and the LS-3 is dual mono with separate power transformers and linear supplies. The power amplifiers store energy on the same principle: the Reference 160M holds 622 joules, and the Reference 250 of 2011 had fifty percent more capacitance than its predecessor.

Why it matters in a system

Every note an amplifier plays is drawn from its power supply, so noise and sag in the supply become noise and compression in the music. Regulation is the reason Audio Research preamplifiers have the black backgrounds and the dynamic reach that reviewers remark on, and why the company's two-chassis designs put the supply in a separate box.

What you may hear

Quiet backgrounds and dynamics that do not flatten at volume. Michael Fremer on the Reference 20: dynamically powerful, with a soundstage you can see far into.

Maple Grove, MinnesotaSince 1970

Hand-built, twice tested, auditioned

Every Audio Research product is assembled by hand in Maple Grove, Minnesota, built to order one at a time, bench-tested twice, burned in, and then listened to by the company's sonic evaluator before it ships. The output tubes are burned in for 48 hours and matched on the company's own fixtures. Read the deep diveClose

What it does

The boards are stuffed and soldered by hand; a computer-controlled soldering machine was sold because the boards it made did not sound as good. Each unit carries a production card signed by the technicians who built it, which the customer receives. Power tubes are burned in for 48 hours and matched for transconductance and plate current, and the yield is demanding: around 300 KT150s might be processed to find the 32 for a pair of Reference 750 SEs. Finished units are burned in for two days, tested on the bench twice, and then auditioned one by one in the company's listening room on Magnepan 20.7 loudspeakers by Warren Gehl, who has been chief sonic evaluator for about thirty years and approves every new design as well as every unit; if the listener does not sign off, the unit does not leave the factory. The company moved from Plymouth to a 20,000-square-foot facility in Maple Grove in August 2018, keeps a secured room of original parts going back to the early 1970s, and can restore nearly every product of the last forty-five years.

Why it matters in a system

A product that has been listened to before it is boxed is a product whose sound is known, and an amplifier that can be serviced for decades is one worth buying for decades. Johnson's rule was that the product should be serviceable or capable of being returned to a serviceable condition.

What you may hear

Consistency between the review sample and the one in your rack, and a reason that forty-year-old Audio Research preamplifiers are still in use.

Not married to vacuum tubesSince 2025

The solid-state line: LS-3, S-100 and S-200

Audio Research has built solid-state products since 1976, and in 2025 a newly formed solid-state engineering team produced the LS-3 line stage and the S-100 and S-200 power amplifiers: fully balanced, dual-mono, bipolar rather than MOSFET, in the same machined chassis as their tube siblings. Read the deep diveClose

What it does

Johnson said the company was not married to vacuum tubes, and its history includes the hybrid SP-11 of 1985, with a triode and a FET in every stage, and the hybrid Reference 1 of 1996. The 2025 products are the first all-solid-state line in years. The LS-3 has a fully balanced differential JFET input, a bipolar voltage amplifier and a class-A output, dual mono with separate power transformers, 20 dB of gain and a touch screen, in the all-aluminum chassis it shares with the LS-2, and takes the same DAC and phono cards. The S-100 and S-200 are fully balanced class A/B amplifiers with bipolar outputs chosen for purity, transparency and dynamics, 100 and 200 watts into 8 ohms and double into 4, with dual toroidal transformers, in a machined aluminum chassis with no visible fasteners. The Reference 330M and Reference 7 use solid-state regulation and driver stages in otherwise tube designs.

Why it matters in a system

They give an owner the Audio Research balance and build without tubes to replace, for a second system, a theater, or a loudspeaker that wants damping factor; and the LS-3 with an S-200 is the company's most affordable balanced pre-power pair.

What you may hear

The Absolute Sound included the S-100 and LS-3 in its series on the best amplifiers under ten thousand dollars.

All Audio Research technologies and the company story

The Audio Research story

High Definition since 1970: American tube amplification, balanced and class A, hand-built and listened to in Minnesota.

Founded 1970 in Minneapolis, Minnesota; built by hand in Maple Grove, Minnesota since 2018 by William Z. Johnson · audioresearch.com

Milestones

  1. 1949 The first amplifier William Z. Johnson builds a three-chassis, all-triode, transformer-coupled amplifier with a regulated power supply for a customer with a Klipschorn. In 1951 he founds Electronic Industries in Minneapolis.
  2. 1970 Audio Research founded Free of Peploe, the company that had bought Electronic Industries in 1968, Johnson starts Audio Research in Minneapolis and shows the Dual 50, SP-1 and SP-2. An engineer tells him he has set audio back twenty years.
  3. 1972 SP-3 Eight 12AX7s and $595. J. Gordon Holt finds it modifies the signal less than any other preamplifier available; The Absolute Sound later calls it the most important debut of the high-end era. High Definition becomes the company's trademark.
  4. 1979 D-79 The High Definition Power Amplifier D-79: nineteen tubes, ninety pounds, after the D-75, D-76 and the 150-watt Dual 150 of 1975. The SP-6 preamplifier had arrived in 1978.
  5. 1985 SP-11 After the two-chassis SP-10 of 1982, the hybrid SP-11 puts a triode and a FET in every stage. Harry Pearson calls it the world's best preamplifier; about three thousand are built.
  6. 1995 The Reference series The Reference 1 line stage and Reference 600 monoblocks begin the flagship line. The Reference 2 Mk II introduces the 6H30 triode; the fully balanced Reference 3 follows in 2004.Audio Research Reference 20 Preamplifier
  7. 2008 Quadrivio and Fine Sounds Johnson, 81, sells to the Italian group that owns Sonus faber; it adds Sumiko, Wadia and McIntosh and becomes the McIntosh Group in 2016. The Reference 5 and Reference Phono 2 arrive in 2009.
  8. 2010 Reference Anniversary A two-chassis preamplifier for the fortieth year. In 2011 the Reference 250 and 750 amplifiers bring the KT120 tube; William Z. Johnson dies on December 10, 2011, at 85.
  9. 2014 The G Series and the KT150 Handles gone, a restyled look, and the KT150 output tube, which goes into the Reference 75SE, 150SE and 250SE with about 3,000 hours of life.
  10. 2017 Foundation series and auto-bias The LS28, PH9 and DAC9, styled by Livio Cucuzza; the VT80 carries the company's first auto-bias circuit.Audio Research PH9 Phono Stage
  11. 2018 Reference 160M; Maple Grove Auto-bias comes to the Reference line with the GhostMeter faceplate and 110 kHz transformers; the company moves to Maple Grove, Minnesota in August. The Reference 160S follows in 2019.Audio Research REF160M MkII Amplifier
  12. 2020 Fifty years; sold to Trent Suggs The Reference 6SE and Phono 3SE, Ken Kessler's Making the Music Glow, and in August a sale by the McIntosh Group to the company's former sales manager. The I/50 arrives in 2021.
  13. 2023 AR Tube Audio Corporation After an assignment for the benefit of creditors in April, the company is sold in June to a new corporation led by Valerio Cora of Acora Acoustics, staff intact. The Reference 160M MkII had arrived in March.
  14. 2024 Reference 330M Six KT170s a side, 330 watts, debuted at Munich: in the company's words the finest amplifier it has created.Audio Research Reference 330M Monoblock Power Amplifiers (pair)
  15. 2025 Six core products The I/70 integrated, LS-2 and LS-3 line stages, S-100 and S-200 solid-state amplifiers and the D-80: the largest introduction in the company's history. The I/55 succeeds the I/50.Audio Research I/70 Integrated Amplifier
  16. 2026 Reference 20, Reference 7 and 80X At AXPONA in April, the first new flagship line stage since 2012 wins hi-fi+'s best debut of the show. In July the company's leadership changes; operations and service continue independently in Maple Grove.Audio Research Reference 7 Preamplifier
Read the Audio Research story
Audio Research VT80SE tube amplifier in the Small Room

William Zane Johnson learned electronics in the military, opened a radio and television repair shop in Minneapolis, and in 1949 built his first commercial amplifier for a customer with a Klipschorn: three chassis, all triodes, transformer-coupled, with a separate electronically regulated power supply. In 1951 he founded Electronic Industries, a repair shop, hi-fi retailer and custom amplifier builder, and spent the 1950s and 1960s improving on the Dynaco designs of the day one amplifier at a time, convinced that power supplies and transformers deserved more care than the industry gave them. He tried the first transistors and found them, in his word, horrendous. In 1968 he sold the business, his patents and his files to Peploe, Inc. and became its director of research; in 1970, as he put it, he obtained his freedom from that company and started Audio Research.

He showed the Dual 50 amplifier and the SP-1 and SP-2 preamplifiers at a trade show in Washington in 1970, and an engineer told him he had set the audio industry back twenty years. Two years later the SP-3, eight 12AX7s run at reduced heater voltage and $595, was reviewed by J. Gordon Holt in Stereophile as modifying the input signal less than any other preamplifier available, and The Absolute Sound later called it the single most important debut of the high-end era. Audio Research trademarked the phrase High Definition and has kept it as a guiding principle since. The D-75 and D-76 amplifiers, the 150-watt Dual 150 of 1975, the SP-6 of 1978 and the nineteen-tube D-79 of 1979 followed; the SP-10 of 1982 put the power supply in a second chassis, and the hybrid SP-11 of October 1985, a triode and a FET in every stage, was called the world's best preamplifier by Harry Pearson and sold about three thousand units.

The Reference series began in 1995 and 1996 with the Reference 1 line stage and the Reference 600 monoblocks, and the Reference 2 Mk II brought in the 6H30 triode that has been the heart of every Audio Research preamplifier since. The Reference 3 of 2004 was fully balanced, class A and feedback-free; the Reference 5 and Reference Phono 2 arrived in 2009, the two-chassis Reference Anniversary in 2010 for the fortieth year, and the Reference 250 and 750 amplifiers in 2011 with the KT120 tube. In 2008 Johnson, then 81, sold the company to Quadrivio, the Italian group that had bought Sonus faber the year before and would add Sumiko, Wadia and McIntosh to form Fine Sounds, later the McIntosh Group. He died on December 10, 2011, at 85.

Under the group the company's look changed and its engineering continued. The G Series of 2014 removed the handles and brought the KT150 tube, which went into the Reference SE amplifiers the same year; the Reference 6 followed in 2015, the Foundation series of 2017, the LS28, PH9 and DAC9, was styled by Livio Cucuzza, and the VT80 introduced the company's first auto-bias circuit. The Reference 160M of 2018, with auto-bias, the GhostMeter faceplate and transformers reaching 110 kHz, was described by its designer as the apex of the Audio Research design language; the Reference 160S came in 2019. In August 2018 the company moved from Plymouth to a 20,000-square-foot facility in Maple Grove, Minnesota, where it still is. For the fiftieth anniversary in 2020 came the Reference 6SE, the Reference Phono 3SE, Ken Kessler's history Making the Music Glow, and, in August, a sale: the McIntosh Group sold Audio Research to Trent Suggs, its former North American sales manager, who said he had no bank note, no debt and no partners. The I/50 of 2021, in six colors, was built to bring a new generation to the brand.

The independence was short. In April 2023 the company entered an assignment for the benefit of creditors in Minnesota, and on June 20 a judge approved its sale to a new corporation, AR Tube Audio, led by Valerio Cora of Acora Acoustics, with the staff kept on; the difficulties, Michael Fremer reported, were not caused by poor sales or waning interest. What followed was the largest burst of new products in the company's history. The Reference 330M monoblocks, six KT170s a side for 330 watts, debuted at Munich in May 2024 from a team of newly hired engineers; six core products, the I/70, LS-2, LS-3, S-100, S-200 and D-80, arrived in 2025; and at AXPONA in April 2026 the Reference 20 preamplifier, the first new flagship line stage since 2012, the Reference 7 and the Reference 80X were premiered, the Reference 20 winning hi-fi+'s award for the best debut of the show. In July 2026 Cora stepped back from day-to-day leadership, with the company's financial backer providing oversight and two general managers running Maple Grove; Audio Research's operations, development, dealer support and service continue independently.

Fifty-six years on, the method is Johnson's. Every product is built by hand to order, tested twice, burned in, and listened to by Warren Gehl, the company's sonic evaluator for about thirty years, before it ships; the output tubes are burned in and matched on the company's own fixtures; nearly everything built since the 1970s can still be restored from a secured room of original parts. The tubes are common, long-lived types, the circuits are balanced and class A, the power supplies are regulated, and the transformers are the company's own. Johnson's test was that if it measures badly it is not going to sound good, and his bet was that with an all-out design effort vacuum tubes would win. The Reference 330M and Reference 20 are the current evidence.

The complete Audio Research story and technology library

Audio Research at Pearl Audio

Pearl Audio is an authorized Audio Research dealer in Portland. We keep Audio Research tube amplification on the floor, from the I/70 and I/55 integrateds through the LS-2, D-80 and Reference 160 series, and the Reference 20, Reference 7, Reference 330M and the solid-state LS-3, S-100 and S-200 are available to hear and to order. We bias and match tubes on our own bench for the older models that need it, keep replacement KT150 and 6H30 sets in stock, and handle service through the Maple Grove factory, which can restore nearly every Audio Research product of the last forty-five years.

The Pearl Audio experience

How we work with you

A system at this level should be heard, thoughtfully matched, and properly set up. From the first audition to long-term ownership, you work with the same people, in person.

  1. 01

    Listen first

    Hear the S-200 Stereo Power Amplifier by appointment in one of our two purpose-designed demonstration rooms, with your own music and time to compare without pressure.

  2. 02

    Delivery and installation

    We deliver and install throughout the Portland area, taking care of placement, connections, ventilation and system configuration ourselves.

  3. 03

    Support for as long as you own it

    We support everything we sell for as long as you own it, whether the answer comes by phone, in your home, or through factory service.

  4. 04

    A path for what comes next

    Trade-in assistance and qualifying 100% Trade-Up options give you flexibility when your listening priorities or your system change.

Search