Appian (NASDAQ:APPN) Releases Q3 2026 Earnings Guidance

Appian (NASDAQ:APPN) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 0.310-0.350 for the period, compared to the consensus estimate of 0.290. The company issued revenue guidance of $214.0 million-$218.0 million, compared to the consensus revenue estimate of $208.3 million. Appian also updated its FY 2026 guidance to 1.040-1.120 EPS.

Appian Stock Up 13.9%

APPN stock traded up $4.22 during trading on Friday, reaching $34.63. The company’s stock had a trading volume of 658,846 shares, compared to its average volume of 979,825. The company’s fifty day moving average is $24.52 and its 200-day moving average is $24.27. The company has a market capitalization of $2.54 billion, a P/E ratio of 3,477.58 and a beta of 0.85. Appian has a 1 year low of $18.63 and a 1 year high of $46.06.

Appian (NASDAQ:APPN) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $203.26 million during the quarter, compared to analyst estimates of $193.38 million. Appian had a negative return on equity of 26.12% and a net margin of 0.12%.The business’s revenue for the quarter was up 19.1% on a year-over-year basis. Appian has set its FY 2026 guidance at 1.040-1.120 EPS and its Q3 2026 guidance at 0.310-0.350 EPS. Analysts anticipate that Appian will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

APPN has been the subject of a number of research reports. DA Davidson set a $34.00 target price on shares of Appian in a research report on Friday. TD Cowen dropped their price objective on shares of Appian from $27.00 to $24.00 and set a “hold” rating for the company in a report on Friday, May 15th. Barclays lifted their target price on Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Morgan Stanley set a $32.00 price target on Appian in a report on Friday. Finally, UBS Group set a $25.00 price objective on Appian in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $29.17.

Insider Buying and Selling at Appian

In other news, CRO Mark Dorsey acquired 5,227 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $19.13 per share, with a total value of $99,992.51. Following the completion of the acquisition, the executive owned 13,993 shares of the company’s stock, valued at approximately $267,686.09. This represents a 59.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew W. Calkins sold 50,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $24.72, for a total value of $1,236,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,719,144 shares of the company’s stock, valued at $42,497,239.68. The trade was a 2.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 42.81% of the company’s stock.

Trending Headlines about Appian

Here are the key news stories impacting Appian this week:

• Positive Sentiment: Appian reported second-quarter adjusted earnings of $0.13 per share, substantially above the $0.02 analyst consensus, while revenue reached $203.26 million versus expectations of $193.38 million. Revenue increased 19.1% year over year. Appian quarterly earnings report
• Positive Sentiment: Cloud subscriptions revenue grew 23% year over year to $131.7 million, highlighting continued customer adoption of Appian’s cloud platform. Management also pointed to artificial intelligence as a contributor to broad-based cloud growth and rising profitability. Appian Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Appian issued third-quarter guidance above Wall Street estimates, forecasting EPS of $0.31-$0.35 versus consensus of $0.29 and revenue of $214 million-$218 million versus $208.3 million expected.
• Positive Sentiment: Full-year 2026 guidance was also raised or reaffirmed above consensus, with EPS of $1.04-$1.12 versus estimates of $0.84 and revenue of $845 million-$853 million versus $825.6 million expected. Appian Q2 outlook article
• Neutral Sentiment: Despite the earnings beat, Appian’s net margin remained only 0.12% and return on equity was negative, indicating that sustained profitability is still a key execution risk. Appian Q2 key metrics article

Institutional Investors Weigh In On Appian

Several hedge funds and other institutional investors have recently bought and sold shares of APPN. Virtu Financial LLC acquired a new stake in shares of Appian during the 4th quarter worth approximately $408,000. Invesco Ltd. increased its stake in Appian by 13.2% during the fourth quarter. Invesco Ltd. now owns 47,737 shares of the company’s stock worth $1,691,000 after acquiring an additional 5,560 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in Appian by 26.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,191 shares of the company’s stock valued at $538,000 after purchasing an additional 3,198 shares during the period. XTX Topco Ltd lifted its stake in shares of Appian by 75.2% in the 4th quarter. XTX Topco Ltd now owns 20,453 shares of the company’s stock valued at $724,000 after purchasing an additional 8,782 shares during the last quarter. Finally, Zacks Investment Management grew its holdings in shares of Appian by 176.6% during the 4th quarter. Zacks Investment Management now owns 32,363 shares of the company’s stock worth $1,146,000 after purchasing an additional 20,663 shares during the period. 52.70% of the stock is currently owned by institutional investors and hedge funds.

About Appian

Appian Corporation is a global technology company specializing in low-code automation platforms designed to streamline business processes. Founded in 1999 by Matt Calkins, the company provides an integrated suite of tools that enables organizations to build enterprise applications and workflows rapidly with minimal hand coding. The platform combines process management, robotic process automation (RPA), artificial intelligence (AI) capabilities and data integration into a single environment, allowing businesses to accelerate digital transformation initiatives.

The core offering, the Appian Low-Code Platform, empowers users—ranging from professional developers to business analysts—to visually model, design and deploy applications that can automate complex operations, orchestrate tasks across systems, and deliver real-time analytics.