Applovin (APP) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $3.76
- Estimate
- $3.74
- Surprise
- +0.4%
- Revenue (period 2026-06-30)
- $1.92B
- Score today
- 6.8/10
Revenue source: xbrl.
How the report landed
Applovin (APP) beat the $3.74 estimate with diluted EPS of $3.76 — effectively in line (0.4%).
Where TrendMatrix's rating stands now
TrendMatrix currently rates APP Buy (Wait) at 6.8/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +0.4% surprise compares with a +4.1% four-quarter average. Next scheduled report: 2026-11-04.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=9.0 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Product: Axon Ads Manager
- Sector modifier (Communication Services): -0.8
- Leverage penalty (D/E 1.1): -0.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $320.45
- Entry target
- $318.71
- Price target
- $473.33
- Stop
- $292.81
- Upside to target
- +47.7%
- Reward-to-risk
- 5.9:1
The stock trades at 24.1× trailing but 15.3× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-05 — shown for context, not personalized investment advice.
APP at TrendMatrix's latest read
Communication and media names are subscriber-economics stories; engagement and ARPU trends behind the print drive the reaction.
- Industry
- Advertising Agencies
- Market cap
- $107.69B
- P/E (fwd)
- 15.3
- P/E (ttm)
- 24.1
- 52-week range
- $297.50–$745.61
- Off 52-week high
- 57.0%
- RSI (14)
- 56
- Volume vs avg
- 0.72×
- Score today
- 6.8/10