Appian Q2 revenue rises 19% on cloud subscriptions growth
Appian Q2 revenue rises 19% on cloud subscriptions growth
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
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
Recent news on Appian
See all newsAppian Corp reports results for the quarter ended June 30 - Earnings Summary
Appian Q2 revenue rises 19% on cloud subscriptions growth
Brief: Appian Corp Q2 Operating Expenses USD 150.183 Million
Appian Q1 revenue beats estimates on cloud subscriptions growth
Brief: Appian Corp Authorizes $50 Million Share Repurchase Program