Australia's Appen jumps on reaffirming FY26 outlook

Appen

22/05/2026 05:20

** Appen APX.AX shares surge up to 16.1% to A$1.30

** Their biggest intraday jump in nearly three months

    ** AI training data provider reiterates FY26 guidance, targeting $270 - $300 million in revenue and an about 5–10% underlying EBITDA (before FX) margin, up from FY25’s $230.8 million revenue and 5.3% margin

** Co reiterates confidence in the AI data market and its ability to support leading foundation models, with its global revenues remaining project‑driven and seasonally weighted toward the second half

** Stock up 56.3% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))