APP
AppLovinPrevious close
228.50
Change
−26.41 / −10.36%
P/E (TTM) ?
19.3
Market Cap
$77.0B
1M
−21.32%
S&P 500 −0.91% over same period
Volume / Avg Volume
9.2M / 2.7M
3.44× average
Latest earnings analysisFY2026 Q2Reported 2026-08-05
AppLovin Q2 FY2026: revenue up 52.8% to $1.92 billion, EPS $3.76
AppLovin grew revenue 52.8% to $1.92 billion and earned $3.76 per diluted share, matching the $3.7574 consensus almost exactly. Profitability remains extreme: 88.3% gross margin and $1.27 billion of net income. The soft spot is cash, where operating cash flow fell to $869.0 million and receivables kept building. Guidance implies more growth, just slower. Our view is Bullish.
Read the full analysis →Revenue$1.92BYoY +52.80%
EPS$3.76In lineest. $3.76
Next-quarter revenue guidance$2.07B ±0.7%YoY +7.60%
Next-day move−19.66%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-08-05 | $1.9B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-05-06 | $1.8B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-11 | $5.5B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-11-05 | $1.4B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-08-06 | $1.3B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-05-07 | $1.5B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 0 of its 5-year rangeCheap
5-year range 24.0 – 655.2 · Median 65.9
Last 4 quarters: $2.5B in buybacks + $0 in dividends, 3.18% of market cap combined
P/E (TTM)
19.3
P/B
27.0
P/S
12.5
PEG
0.41
Earnings Reaction
Over the last 6 reports, the stock moved ±11.7% on average on the first trading day after, rising 4 times
Most recent −19.66%
Guidance Credibility
Of the last 2 next-quarter revenue guides, 2 were met; actual results averaged 5.2% above guidance
Volatility & Correlation
1-year beta 2.26 · Correlation with S&P 500 0.40High beta
Annualized volatility 72% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
No open-market buys or sells by officers or directors in the last 90 days.
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 1.92 | +52.8% | 88.3% | 1.27 | 3.76 |
| FY2026 Q1 | 1.84 | +59.0% | 88.9% | 1.21 | 3.56 |
| FY2025 Q4 | 1.66 | +167.5% | 88.9% | 1.10 | 3.24 |
| FY2025 Q3 | 1.41 | +68.2% | 87.6% | 0.84 | 2.45 |
| FY2025 Q2 | 1.26 | +77.0% | 87.7% | 0.82 | 2.39 |
| FY2025 Q1 | 1.16 | +9.5% | 86.9% | 0.58 | 1.67 |
| FY2024 Q4 | 0.62 | −227.0% | 102.6% | 0.60 | 1.72 |
| FY2024 Q3 | 0.84 | −3.4% | 85.5% | 0.43 | 1.25 |
| FY2024 Q2 | 0.71 | −5.2% | 82.9% | 0.31 | 0.89 |
| FY2024 Q1 | 1.06 | +47.9% | 72.2% | 0.24 | 0.67 |
| FY2023 Q4 | -0.49 | −169.5% | 12.1% | 0.17 | 0.47 |
| FY2023 Q3 | 0.86 | +21.2% | 69.3% | 0.11 | 0.30 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| APP | 19.3 | +52.8% | 88.3% | −21.32% | Bullish |
| GOOGL | 14.5 | +24.7% | 59.7% | −18.67% | Neutral |
| GOOG | 14.5 | +24.7% | 59.7% | −18.35% | Neutral |
| META | 21.2 | +26.1% | 79.3% | −15.19% | Neutral |
| NFLX | 17.3 | +11.8% | 52.8% | −10.78% | Neutral |
| DIS | 22.4 | +6.8% | — | +5.76% | Bullish |
| VZ | 10.9 | +1.5% | — | −2.49% | Bearish |
| TMUS | 15.8 | +7.4% | — | −4.07% | Neutral |
| T | 11.0 | +5.3% | — | −12.25% | Bullish |