Q2 26 EPS
$0.15
BEAT +200.00%
Est. $0.05
Q2 26 Revenue
$140.4M
BEAT +10.53%
Est. $127.0M
vs S&P Since Q2 26
+75.7%
BEATING MARKET
APPS +86.7% vs S&P +10.9%
Market Reaction
Did APPS Beat Earnings? Q2 2026 Results
Digital Turbine delivered a standout fiscal second quarter for 2026, posting results that cleared Wall Street's bar by a wide margin on both revenue and earnings. The mobile platform company reported revenue of $140.38 million for the quarter ended S… Read more Digital Turbine delivered a standout fiscal second quarter for 2026, posting results that cleared Wall Street's bar by a wide margin on both revenue and earnings. The mobile platform company reported revenue of $140.38 million for the quarter ended September 30, 2025, up 18.2% year-over-year and ahead of the $127.00 million consensus estimate by 10.53%, while non-GAAP adjusted EPS of $0.15 tripled the $0.05 analyst forecast. The outperformance was driven in large part by surging operating leverage, with non-GAAP adjusted EBITDA climbing 78% to $27.19 million as gross margins expanded to 47% from 45% a year ago; GAAP income from operations also swung to a positive $6.53 million from a loss of $13.54 million. A September debt refinancing that secured a new $430 million term loan introduced one-time charges, narrowing but not eliminating the GAAP net loss to $21.39 million. Management raised its full-year fiscal 2026 revenue guidance to $540 million to $550 million, with analysts lifting price targets on the stock following the report.
Key Takeaways
- • Strong demand for the platform driving 18% year-over-year revenue growth
- • Operational execution enabling improved profitability and margin expansion
- • Non-GAAP gross profit margin improved to 47% from 45% year-over-year
- • G&A expenses reduced to $34.1 million from $42.2 million year-over-year
- • Non-GAAP adjusted EBITDA grew 78% year-over-year to $27.2 million
- • Operating cash flow swung positive to $14.5 million from negative $8.7 million in the year-ago period
APPS YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
APPS Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our September quarter showcased accelerating business momentum. We were pleased to see that the combination of strong demand for our platform and strong operational execution enabled us to deliver top- and bottom-line results that exceeded expectations. Consequently, we are once again able to increase our full-year outlook. We have high conviction that we have the right strategy to go after the half-trillion dollar market opportunity in front of us.”
— Bill Stone, Q2 2026 Earnings Press Release
APPS Earnings Trends
APPS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
APPS EPS Trend
Earnings per share: estimate vs actual
APPS Revenue Trend
Quarterly revenue: estimate vs actual
APPS Quarterly Results
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.09 | $0.16 | +88.24% | $142.5M | +7.00% |
| FY Full Year | $0.40 | $0.56 | +41.77% | $565.3M | +1.68% |
| Q3 26 BEAT | $0.12 | $0.18 | +56.52% | $151.4M | +3.89% |
| Q2 26 BEAT | $0.05 | $0.15 | +200.00% | $140.4M | +10.53% |
| Q1 26 MISS | $0.08 | $0.05 | -37.50% | $130.9M | +7.37% |
| Q4 25 BEAT FY | $0.04 | $0.10 | +150.00% | $119.2M | +2.16% |
| FY Full Year | — | $0.35 | — | $490.5M | — |
| Q3 25 BEAT | $0.06 | $0.13 | +116.67% | $134.6M | +8.86% |
| Q2 25 MISS | $0.06 | $0.05 | -16.67% | $118.7M | -5.66% |
| Q1 25 BEAT | $0.04 | $0.07 | +75.00% | $118.0M | +1.69% |
| Q4 24 BEAT FY | $0.07 | $0.12 | +71.43% | $112.2M | -4.65% |
| FY Full Year | — | $0.58 | — | $544.5M | — |