Appian (NASDAQ:APPN) Releases FY 2026 Earnings Guidance

Appian (NASDAQ:APPN) updated its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.200-1.240 for the period, compared to the consensus EPS estimate of 0.960. The company issued revenue guidance of $873.0 million-$877.0 million, compared to the consensus revenue estimate of $849.6 million. Appian also updated its Q4 2026 guidance to 0.300-0.340 EPS.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. DA Davidson increased their target price on Appian from $42.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Research downgraded shares of Appian from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Morgan Stanley boosted their price target on shares of Appian from $25.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Barclays raised their price target on Appian from $26.00 to $30.00 and gave the company an “underweight” rating in a report on Tuesday, October 13th. Finally, Citigroup lifted their target price on shares of Appian from $40.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Appian currently has an average rating of “Hold” and an average price target of $44.33.

Appian Trading Down 4.5%

NASDAQ APPN opened at $51.60 on Friday. The firm’s fifty day simple moving average is $41.54 and its two-hundred day simple moving average is $29.54. Appian has a 12-month low of $18.63 and a 12-month high of $56.38. The firm has a market capitalization of $3.70 billion, a P/E ratio of 162.50 and a beta of 0.84.

Appian (NASDAQ:APPN) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The company had revenue of $234.63 million for the quarter, compared to analysts’ expectations of $216.94 million. Appian had a negative return on equity of 35.20% and a negative net margin of 1.34%. Appian’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. Appian has set its FY 2026 guidance at 1.200-1.240 EPS and its Q4 2026 guidance at 0.300-0.340 EPS. As a group, sell-side analysts predict that Appian will post 0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Matthew Calkins sold 45,000 shares of the company’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $37.50, for a total transaction of $1,687,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,584,144 shares in the company, valued at $59,405,400. This represents a 2.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.81% of the stock is currently owned by company insiders.

Key Appian News

Here are the key news stories impacting Appian this week:

• Positive Sentiment: Q3 results beat expectations: Appian reported adjusted EPS of $0.51 versus a $0.33 consensus and revenue of $234.6 million versus $216.9 million expected. Revenue grew 25.5% year over year, supported by subscription growth. Appian Q3 earnings beat estimates
• Positive Sentiment: Raised 2026 outlook: Full-year revenue guidance of $873 million–$877 million and EPS guidance of $1.20–$1.24 are above consensus estimates. Management also highlighted accelerating AI demand. Appian Q3 call highlights
• Positive Sentiment: Analyst sentiment improved: Citigroup raised its price target to $69 and assigned a Buy rating; TD Cowen lifted its target to $58, while William Blair upgraded APPN to Outperform. TD Cowen raises Appian price target William Blair upgrades Appian
• Negative Sentiment: Cash flow remains a risk: Reports flag operating cash outflows, while Appian’s net margin remains negative. The stock’s retreat may also reflect profit-taking after its prior post-earnings surge.

Appian Company Profile

Appian Corporation (NASDAQ: APPN) develops and provides a low-code platform designed to help organizations build, manage and automate business applications and processes. Its platform combines process orchestration, workflow automation, artificial intelligence, robotic process automation, case management and data management capabilities in a unified environment.

Appian’s software is used to improve operational efficiency, connect data and systems, and support applications such as customer service, compliance, supply chain management and government services.