Appian Q2 revenue rises 19% on cloud subscriptions growth

Appian

06/08/2026 12:14

Overview
Process automation technology firm's Q2 revenue grew 19% yr/yr, driven by cloud subscriptions

Outlook
Appian sees Q3 cloud subscriptions revenue between $133 mln and $135 mln
Company expects Q3 total revenue between $214 mln and $218 mln
Appian forecasts 2026 adjusted EBITDA of $104 mln to $110 mln

Result Drivers
CLOUD SUBSCRIPTIONS - Q2 cloud subscriptions revenue grew 23% yr/yr, driving overall revenue growth
PROFESSIONAL SERVICES - Q2 professional services revenue increased 20% yr/yr
RECURRING REVENUE EXPANSION - Cloud net annualized recurring revenue expansion was 115% as of June 30, 2026

Company press release: ID:nGNX9S15s5

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
 
$11.82 mln
 
Q2 Gross Profit
 
$144.74 mln
 
Q2 Operating Expenses
 
$150.18 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Appian Corp is $24.00, about 19.9% below its August 5 closing price of $29.96
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
Aug 4 - Workiva Q2 revenue beats analyst estimates on subscription growth 
Aug 4 - Intapp Q4 results beats analyst estimates on SaaS, cloud growth
Aug 5 - Paycom Q2 revenue beats analyst expectations as automation strategy continues

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)