AppLovin Corporation (APP) earnings on May 6, 2026
More AppLovin Corporation earnings
Prior outlook: No statistical edge
The stock price surged after the earnings announcement, continuing its positive trend. This strong performance beat analyst expectations.
APP price around the earnings
489.00
Change: +4.2%
2026-05-08, 00:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
The price is sliding into earnings despite strong targets.
Despite a history of beating earnings estimates, the stock is experiencing a downturn ahead of its Q1 report. While analysts maintain high price targets, some caution has emerged.
Context analyzed before publication
- Summary
- A cautious tone observed: sliding into earnings despite strong targets.
- Playbook
- Given the recent weakness and pre-earnings slide, the scenario calls for caution. The strong earnings history is a relevant factor.
- Trend
- Moderate selloff into earnings, underperforming the benchmark.
Analysts
Drivers
-
Analysts
Neutral
There is a generally optimistic view from analysts with high price targets, but a recent target reduction introduces some uncertainty.
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.47
- Analysts covering the stock
- 28
- Average price target
- 638.5
- Lowest price target
- 340
- Highest price target
- 860
- Upside to price target
- 40%
- Quarterly earnings growth
- 84%
- Revenue growth
- 65.9%
- Forward EPS
- 21.26
- Trailing EPS
- 10.04
- Analyst moves in the last 60 days
- 4
- Strong buy: 6
- Buy: 20
- Hold: 4
- Sell: 0
- Strong sell: 0
- Strong buy
- 6
- Buy
- 20
- Hold
- 4
- Sell
- 0
- Strong sell
- 0
- May 5, 2026 · UBS: Maintains rating (Buy → Buy)
- April 14, 2026 · Argus Research: Initiates coverage (Buy)
- April 6, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- March 11, 2026 · Needham: Reiterates rating (Buy → Buy)
News and sentiment
Drivers
-
News & sentiment
Negative
Recent news indicates the stock is declining before its earnings announcement, suggesting negative sentiment or investors selling off.
Evidence
Sentiment
- Sentiment
- Neutral
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (8)
- AppLovin Stock Slides Ahead Of Q1 Earnings Report: What Investors Need To Know — Benzinga
- AppLovin Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts — Benzinga
- UBS Maintains Buy on AppLovin, Lowers Price Target to $716 — Benzinga
- Applovin Stock Is Moving Higher Ahead Of Q1 Earnings — Benzinga
- Here's How Much You Would Have Made Owning AppLovin Stock In The Last 10 Years — Benzinga
- AppLovin Seen With E-Commerce As Key Swing Factor, Gaming Drives Near-Term Growth, BofA Says — Benzinga
- $1000 Invested In AppLovin 5 Years Ago Would Be Worth This Much Today — Benzinga
- Argus Research Initiates Coverage On AppLovin with Buy Rating, Announces Price Target of $520 — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock has shown weakness in recent market review periods, failing to keep pace with the broader market.
Evidence
- Average true range (ATR)
- 4.8%
- Distance to 52-week high
- -38.9%
- 14-day change (14d)
- -4.5%
- 30-day change
- +4.4%
- 30-day relative strength
- -7.7%
- Benchmark change
- +12.1%
- Nearest support
- 365.18
- Nearest resistance
- 491.25
- Volume accumulation ratio
- 0.72
Trends
Evidence
- Average earnings surprise
- +9.5%
- February 11, 2026: actual EPS 3.48 vs estimate 3.11 (surprise +11.9%)
- November 5, 2025: actual EPS 2.45 vs estimate 2.39 (surprise +2.6%)
- August 6, 2025: actual EPS 2.36 vs estimate 2.32 (surprise +1.7%)
- May 7, 2025: actual EPS 2.38 vs estimate 1.96 (surprise +21.8%)
Expected move
Drivers
-
Past earnings
Positive
Historically, the company has consistently exceeded earnings expectations, which could be a positive factor despite recent trends.
There is no implied-move data available for this event.
Reactions over its last 18 earnings
- Median move
- 16.8%
- 75th percentile move
- 24.7%
- 90th percentile move
- 29.3%
- Up / down moves
- 13 / 5
- Average up move
- +21.4%
- Average down move
- -9.0%
Monitoring and close
What AppLovin Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Consolidated
- +5.7%
- Max move
- +9.3%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.