Appian (NASDAQ:APPN) Releases Q3 2026 Earnings Guidance

Appian (NASDAQ:APPN) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.310-0.350 for the period, compared to the consensus EPS 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 1.5%

Shares of NASDAQ:APPN traded up $0.45 during midday trading on Thursday, reaching $30.41. 1,731,262 shares of the company traded hands, compared to its average volume of 836,234. The firm’s fifty day moving average price is $24.52 and its two-hundred day moving average price is $24.27. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 3,044.04 and a beta of 0.85. Appian has a 12 month low of $18.63 and a 12 month high of $46.06.

Appian (NASDAQ:APPN) last issued its earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter. The business had revenue of $203.26 million during the quarter, compared to the consensus estimate of $193.38 million. Appian had a negative return on equity of 26.12% and a net margin of 0.12%.The company’s quarterly revenue 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 forecast that Appian will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

APPN has been the subject of several recent analyst reports. DA Davidson reduced their price objective on shares of Appian from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Appian in a report on Wednesday, May 20th. UBS Group set a $25.00 price target on shares of Appian in a research report on Thursday, April 30th. Barclays upped their price target on shares of Appian from $21.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Finally, Zacks Research cut Appian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $26.00.

Insider Activity

In other Appian news, CEO Matthew W. Calkins sold 50,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $24.72, for a total transaction of $1,236,000.00. Following the transaction, the chief executive officer directly owned 1,719,144 shares in the company, valued at $42,497,239.68. This trade represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Mark Dorsey purchased 5,227 shares of Appian stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $19.13 per share, for a total transaction of $99,992.51. Following the completion of the transaction, the executive directly owned 13,993 shares of the company’s stock, valued at approximately $267,686.09. The trade was a 59.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 42.81% of the stock is currently owned by corporate insiders.

More Appian News

Here are the key news stories impacting Appian this week:

• Positive Sentiment: Appian reported second-quarter revenue of $203.26 million, above the $193.38 million consensus estimate, while quarterly EPS of $0.13 also exceeded expectations. Revenue increased 19.1% year over year. Appian quarterly earnings results
• Positive Sentiment: Cloud subscription revenue, a key recurring-revenue indicator, rose 23% year over year to $131.7 million, supporting the view that Appian’s cloud transition and subscription strategy continue to gain traction. Appian Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management’s third-quarter guidance exceeded consensus, with EPS of $0.31–$0.35 versus $0.29 expected and revenue of $214 million–$218 million versus $208.3 million expected.
• Positive Sentiment: Full-year 2026 guidance was also raised or reaffirmed above estimates: EPS of $1.04–$1.12 versus $0.84 expected and revenue of $845 million–$853 million versus $825.6 million expected. Appian Q2 2026 outlook
• Neutral Sentiment: Investors will likely focus on additional operating metrics, including subscription growth, customer trends and profitability, to assess whether the strong headline results can be sustained. Appian key metrics versus estimates
• Negative Sentiment: Despite the earnings beat, Appian reported a negative 26.12% return on equity and a very thin 0.12% net margin, underscoring ongoing profitability risks. The stock’s elevated valuation also leaves less room for execution disappointments.

Hedge Funds Weigh In On Appian

Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its holdings in shares of Appian by 18.9% in the first quarter. Millennium Management LLC now owns 302,720 shares of the company’s stock worth $8,721,000 after buying an additional 48,014 shares during the period. Goldman Sachs Group Inc. raised its holdings in Appian by 2.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 385,731 shares of the company’s stock valued at $11,113,000 after buying an additional 8,319 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Appian by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,080 shares of the company’s stock valued at $2,595,000 after buying an additional 2,244 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Appian by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 208,832 shares of the company’s stock valued at $6,236,000 after buying an additional 3,954 shares during the period. Finally, Invesco Ltd. boosted its position in Appian by 34.7% during the 2nd quarter. Invesco Ltd. now owns 32,343 shares of the company’s stock valued at $966,000 after buying an additional 8,329 shares during the period. Hedge funds and other institutional investors own 52.70% of the company’s stock.

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.