AppLovin stock gains 6.25 percent as Q3 guidance stays central

Published on 10/05/2026 at 17:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AppLovin stock has Q2 revenue of USD 1.92 billion, up 52.8 percent year over year in fiscal Q2 2026. Analysts see a USD 497.05 average target from 31 ratings.

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AppLovin (ISIN US03831W1080) was trading at USD 284.98 on NASDAQ on October 5, 2026, up 6.25 percent from the prior close of USD 268.22. The company enters the next reporting cycle with Q3 revenue guidance of USD 2.055 billion to USD 2.085 billion, a range reported by Yahoo Finance on October 2, 2026.

Q3 guidance sets the test

The guidance implies 46 percent to 48 percent year-over-year growth for Q3 2026. That forecast is now the clearest operating checkpoint for AppLovin because it tests whether the model improvements that slowed in Q2 are translating into faster revenue expansion.

Yahoo Finance reported that management described Q3 as starting strongly and said the SEC closed its inquiry with no recommended action. The combination of a 46 percent to 48 percent growth guide and that regulatory update gives investors two separate operating markers for the next report.

Revenue grew despite the miss

AppLovin reported USD 1.92 billion of revenue in Q2 2026, up 52.8 percent from the same quarter a year earlier, while diluted EPS reached USD 3.76, according to MarketBeat in a September 28, 2026 report.

The revenue figure came in below the USD 1.94 billion consensus cited by MarketBeat, while EPS matched the USD 3.76 estimate. The contrast matters: AppLovin is still expanding at a double-digit rate, but execution against expectations has become more important for the valuation.

Analyst targets remain wide

The published analyst consensus is Buy, based on 31 analysts, with an average 12-month price target of USD 497.05, a high of USD 790 and a low of USD 325, according to Investing.com.

At USD 284.98, the average target lies 74.4 percent above the NASDAQ price on October 5, 2026. The range also shows the debate around growth durability: Investing.com reported on September 14, 2026, that Morgan Stanley cut its target from USD 650 to USD 450 while keeping an Overweight rating.

Stock trades above the prior close

AppLovin was trading at USD 284.98 at 11:29 a.m. ET on October 5, 2026, with a session range of USD 270.00 to USD 287.15. Market capitalization was USD 95.7 billion, and volume stood at 3,233,867 shares.