Applovin (APP) Q3 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 · Editorial policy
Key numbers
- Adjusted EPS
- $4.30
- Estimate
- $4.03
- Surprise
- +6.7%
- Revenue (period 2026-09-30)
- $2.18B
- Score today
- 7.2/10
Revenue source: xbrl.
How the report landed
Applovin (APP) beat the $4.03 estimate with adjusted EPS of $4.30 — a clear 6.7% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates APP Buy (Wait) at 7.2/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +6.7% surprise compares with a +5.6% four-quarter average.
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
- $271.75
- Entry target
- $258.47
- Price target
- $412.56
- Stop
- $240.38
- Upside to target
- +51.8%
- Reward-to-risk
- 3.5:1
The stock trades at 18.3× trailing but 13.6× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: trading volume is running 3.3× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-11-05 — 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
- $90.94B
- P/E (fwd)
- 13.6
- P/E (ttm)
- 18.3
- 52-week range
- $225.19–$738.01
- Off 52-week high
- 63.2%
- RSI (14)
- 47
- Volume vs avg
- 3.34×
- Score today
- 7.2/10