The beat-and-raise pattern confirms accelerating fundamentals. With Q2 guidance above Q1 actuals and strong FCF supporting buybacks, the stock is likely to gap up. Monitor for potential analyst upgrades and follow-on institutional buying.
Price Chart
Executive Summary
AppLovin reported Q1 2026 revenue of $1.84B (beat consensus $1.78B) and GAAP diluted EPS of $3.56 (beat consensus $3.46). Q2 guidance was raised above expectations, signaling continued strong momentum in its AI-driven ad platform.
Key Financial Metrics
Key Facts
- Q1 revenue $1.842B, up 59% YoY; net income $1.206B, up 109% YoY
- GAAP diluted EPS $3.56 vs consensus $3.46 (+2.9% beat)
- Adjusted EBITDA $1.557B vs prior guidance high $1.495B
- Q2 guidance: revenue $1.915B-$1.945B, Adj EBITDA $1.615B-$1.645B (above Q1 actuals)
- Free cash flow $1.287B; repurchased $1.0B in stock during Q1
Financial Impact
Revenue beat of ~$62M and EPS beat of $0.10 vs consensus; guidance implies ~5% sequential revenue growth
Risk Factors
- High growth rates may moderate if ad market softens or competition intensifies
- Regulatory scrutiny around data privacy and AI advertising could impose headwinds
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001751008-26-000042 |
| Document: app-20260506.htm | 0001751008-26-000042 |
| Document: 0001751008-26-000042-index-headers.html | 0001751008-26-000042 |
| Document: 0001751008-26-000042-index.html | 0001751008-26-000042 |
| Document: 0001751008-26-000042.txt | 0001751008-26-000042 |
| 8-K Data (Synthetic) | 0001751008-26-000042 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 8w ago | Institutional Cluster | $419.70 $311.74 | ▲ +25.72% | ▲ +24.48% | $270.37 (+35.58%) |
Jul 6, 2026 12w ago | 144 | $543.79 $395.90 | ▼ −27.20% | ▼ −26.63% | $270.37 (−50.28%) |
Jun 12, 2026 15w ago | Insider Cluster | $520.86 $442.85 | ▼ −14.98% | ▼ −14.23% | $270.37 (−48.09%) |
Jun 12, 2026 15w ago | Insider Cluster | $520.86 $442.85 | ▼ −14.98% | ▼ −14.23% | $270.37 (−48.09%) |
Jun 12, 2026 16w ago | Institutional Cluster | $496.77 $506.98 | ▲ +2.06% | ▲ +0.28% | $270.37 (−45.57%) |
Jun 8, 2026 16w ago | Insider Cluster | $520.84 $527.98 | ▲ +1.37% | ▼ −0.08% | $270.37 (−48.09%) |
Jun 5, 2026 17w ago | 144 | $557.20 $543.79 | ▼ −2.41% | ▼ −4.27% | $270.37 (−51.48%) |
May 29, 2026 17w ago | Insider Cluster | $613.70 $515.23 | ▼ −16.05% | ▼ −14.75% | $270.37 (−55.94%) |
May 6, 2026 21w ago | S-3ASR | $498.87 $570.83 | ▲ +14.42% | ▲ +11.29% | $270.37 (−45.80%) |
May 6, 2026 21w ago | 8-K | $498.87 $570.83 | ▲ +14.42% | ▲ +11.29% | $270.37 (−45.80%) |
US Market Status
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