- Prev close
- $346.80
- Day range
- $336.67 – $350.93
- From 52-wk high
- -53.5%
- Next earnings
- in 87 days
APP fell -19.7% as the broad market was only modestly lower and tech peers were mixed, which points to a stock-specific break rather than a market-wide move. The business still shows strong growth and margins, but the -19.7% drop alongside a 35.4 P/E and 2.61 beta makes the setup look worth attention.
APP
APPLOVIN CORP-CLASS A
As of Aug 6, 2026
38/100
Deserves your attentionHealth ScorePrimary driver: stock-specific
The move looks stock-specific, not market-wide: APP fell -19.7% while the S&P 500 was -0.2% and the Nasdaq 100 was -0.4%. Same-sector peers were much milder, with PLTR -1.6%, CRM -3.2%, ADBE +0.4%, and CDNS +0.4%. That gap is too large to be explained by the indices alone, so the session points to company-specific selling pressure rather than a broad tech reset.
Move quality versus fundamentals
This is more than ordinary volatility because the stock carries a 2.61 beta, so swings are expected, but the scale of the drop still stands out against the fundamentals. The business is still growing quickly, with revenue +40.0% YoY (TTM), latest quarter +24.1% YoY, and EPS +110.3% YoY (TTM), while margins are very strong at gross +88.4%, operating +77.1%, and net +64.3%. Valuation is not cheap at PE 35.4 and forward PE 21.1, though PEG 0.80 is only meaningful because earnings growth is positive; it says growth is not fully absent, but it also means the market is already paying for a lot of it. So the decline does not line up with deteriorating operating data, but the rich multiple and high beta make the price reaction look sharper and more fragile than a low-multiple name.
Next earnings setup
The next earnings date is 2026-11-03. The facts here do not give analyst consensus revenue or EPS estimates for that print, so I cannot cite expected growth or margin targets for the upcoming report. What the market will likely focus on is whether revenue growth can stay near the latest quarter's +24.1% YoY pace, whether EPS growth can remain strong after +110.3% YoY (TTM), and whether the very high profitability profile — gross +88.4%, operating +77.1%, net +64.3% — is holding up as scale grows. The fact set does not provide prior post-earnings reaction history, so I won't infer a pattern there.
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