APPF

It has been about a month since the last earnings report for EverQuote (EVER). Shares have added about 4.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is EverQuote due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. EVER Q2 Beat Earnings Estimates on Auto, Home Insurance GrowthEverQuote, Inc. reported second-quarter 2026 operating net income per share of 65 cents, significantly exceeding the Zacks Consensus Estimate by 6.6%. The bottom line increased 66.7% from the prior-year period level. Total revenues rose 24.6% year over year to $195 million. The top line exceeded the Zacks Consensus Estimate by 2.6%. The quarterly results benefited from continued strength in the Automotive and Home & Renters insurance verticals, supported by higher variable marketing dollars and record adjusted EBITDA Revenues in the Automotive insurance vertical grew 23.3% year over year to $172.1 million, surpassing the Zacks Consensus Estimate of $170.4 million. Our estimate was $170.5 million. Revenues in the Home and Renters insurance vertical increased 35.2% year over year to $23 million, exceeding the Zacks Consensus Estimate of $19.4 million. Our estimate was $19 million. Revenues in the Other insurance vertical declined 100% year over year. Total costs and operating expenses rose 20.5% year over year to $171.6 million, mainly due to higher sales and marketing, research and development costs and general and administrative expenses. Our estimate was $164 million.EverQuote’s variable marketing dollars increased 25% year over year to $56.9 million, which beat the Zacks Consensus Estimate of $56.4 million. Adjusted EBITDA rose 37.1% year over year to $30.1 million, which outpaced our estimate of $29.6 million. EverQuote exited the second quarter of 2026 with cash and cash equivalents of $192.3 million, up 12.3% from the 2025-end level. Total assets increased 4.3% from the 2025-end level to $341 million, while total stockholders' equity rose 7.9% from the 2025-end level to $256.8 million. Cash from operations was $24.3 million, compared with $25.3 million in the prior-year quarter. During the second quarter, EVER repurchased 0.578 million shares of its common stock for approximately $9.1 million. For the third quarter of 2026, EverQuote guided revenues in the range of $198-$208 million. Management expects variable marketing dollars in the $56-$59 million range, suggesting 23% year-over-year growth. Adjusted EBITDA is projected in the range of  $28-$31 million In the past month, investors have witnessed a downward trend in fresh estimates. The consensus estimate has shifted 12.79% due to these changes. At this time, EverQuote has a great Growth Score of A, a score with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top quintile for value investors. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of this revision looks promising. It's no surprise EverQuote has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. EverQuote belongs to the Zacks Internet - Software industry. Another stock from the same industry, AppFolio (APPF), has gained 12.9% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. AppFolio reported revenues of $281.12 million in the last reported quarter, representing a year-over-year change of +19.3%. EPS of $1.71 for the same period compares with $1.38 a year ago. AppFolio is expected to post earnings of $1.78 per share for the current quarter, representing a year-over-year change of +35.9%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.5%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for AppFolio. Also, the stock has a VGM Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EverQuote, Inc. (EVER) : Free Stock Analysis Report AppFolio, Inc. (APPF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

A month has gone by since the last earnings report for Automatic Data Processing (ADP). Shares have added about 7.9% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is ADP due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers. ADP has reported fourth-quarter fiscal 2026 adjusted earnings of $2.64 per share, beating the Zacks Consensus Estimate of $2.59 by 1.9%. The metric increased 17% from the year-ago quarter. Revenues of $5.47 billion surpassed the consensus mark of $5.42 billion by 0.9% and rose 7% year over year. Results benefited from broad-based segment growth, stronger client funds income and operating productivity. Employer Services client retention remained strong at 92.1% for the year. Employer Services revenues increased 7% year over year to $3.7 billion in the quarter. Organic constant-currency growth was 6%, while U.S. pays per control increased 1%. The segment also benefited from an 8% increase in average client funds balances. The average yield on those balances rose to 3.5% from 3.2% in the prior-year period, supporting higher interest-related revenues. Employer Services’ margin improved 90 basis points to 34.4%. Management attributed the increase to operating productivity gains and the contribution from higher client funds interest revenues. For fiscal 2026, Employer Services business bookings increased 6% to $2.2 billion. Client satisfaction scores reached record highs, while the number of clients live on ADP Lyric HCM increased 94%. PEO Services revenues advanced 7% year over year to $1.78 billion. Revenues excluding zero-margin benefits pass-throughs increased 5%, while average worksite employees rose 2% to about 775,000. The segment margin fell 100 basis points to 12.2%. Faster growth in zero-margin pass-through revenues, along with higher workers' compensation and selling expenses, weighed on profitability. Adjusted EBIT increased 13% year over year to $1.37 billion. The adjusted EBIT margin expanded 140 basis points to 25.1%, showing that ADP converted its revenue growth into stronger operating leverage. Adjusted net earnings rose 14% to $1.05 billion. On a GAAP basis, net earnings increased 7% to $978.6 million, while earnings per share rose 10% to $2.45. Interest on funds held for clients increased 15% year over year to $355.4 million. The net impact from the client funds strategy rose 24% to $355.5 million, reflecting higher portfolio income and a more favorable financing spread. For fiscal 2026, average client funds balances were $40.4 billion, up 7% year over year. The average portfolio yield increased 20 basis points to 3.4%, while total client funds interest revenues reached $1.355 billion. ADP generated $5.44 billion in operating cash flow during fiscal 2026, up from $4.94 billion a year earlier. The company used $2.08 billion for share repurchases and paid out $2.63 billion in dividends. Cash and cash equivalents totaled $4.23 billion as of June 30, 2026. Long-term debt stood at $4.96 billion, while funds held for clients were $43.96 billion against client funds obligations of $44.42 billion. ADP expects client funds interest revenues of $1.54-$1.56 billion in fiscal 2027. The outlook assumes 3-4% growth in average client funds balances and an average portfolio yield of 3.7%. The company also projects a total contribution of $1.55-$1.57 billion from its client funds extended investment strategy. Management said that AI tools embedded across products, services and sales are enhancing quality and productivity as ADP enters the new fiscal year. For fiscal 2027, ADP expects year-over-year consolidated revenue growth of 5-6%. The adjusted EBIT margin is projected to expand 70-90 basis points, while adjusted diluted earnings per share are expected to grow 9-11%. Employer Services revenues are forecast to rise 5-6%, with business booking growth of 4-7%. PEO Services revenues are expected to increase 5-7%, while average worksite employees are projected to grow 2%. In the past month, investors have witnessed a upward trend in estimates review. Currently, ADP has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Charting a somewhat similar path, the stock has a score of D on the value side, putting it in the bottom 40% for value investors. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, ADP has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. ADP is part of the Zacks Internet - Software industry. Over the past month, AppFolio (APPF), a stock from the same industry, has gained 31.8%. The company reported its results for the quarter ended June 2026 more than a month ago. AppFolio reported revenues of $281.12 million in the last reported quarter, representing a year-over-year change of +19.3%. EPS of $1.71 for the same period compares with $1.38 a year ago. AppFolio is expected to post earnings of $1.78 per share for the current quarter, representing a year-over-year change of +35.9%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.5%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for AppFolio. Also, the stock has a VGM Score of C. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report AppFolio, Inc. (APPF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. AppFolio stock has delivered a 55.4% gain over the past five years, yet the current checks send mixed signals, with the intrinsic value estimate from a Discounted Cash Flow (DCF) approach pointing to upside while market multiples suggest the shares are expensive. Over the last five years AppFolio has returned 55.4%, which keeps long term holders in profit despite weaker recent performance. The partnership that makes Amazon Web Services AppFolio's preferred cloud provider may support expectations for the AI driven AppFolio Realm platform, while any disappointment in revenue or cash flow from these products could weigh on what investors are currently willing to pay. AppFolio screens as undervalued on only 2 of 6 valuation checks. This leans closer to not being a clear bargain on the broader assessment, even though the DCF points to the share price sitting about 33.9% below its intrinsic value. The issue now is whether the current price around US$195.97 already reflects the good news in AppFolio's story or still leaves enough upside for new investors based on intrinsic value. Find out why AppFolio's -27.2% return over the last year is lagging behind its peers. The Discounted Cash Flow (DCF) approach here focuses on what AppFolio can generate in free cash over time. On the latest twelve month numbers, AppFolio produced about $262.5 million of free cash flow, and the model assumes those cash flows continue to grow rather than shrink. On that basis, the 2 Stage Free Cash Flow to Equity model points to an intrinsic value of about $296.62 per share. With the current share price around $195.97, the DCF output implies the stock trades at a discount of roughly 33.9%. On this cash flow view, AppFolio screens as undervalued. The recent move to name Amazon Web Services as its preferred cloud provider, which underpins the AI focused AppFolio Realm platform, is one factor used to support the cash flow outlook in the model even if the market is still cautious on the valuation. On this DCF view, AppFolio stock appears undervalued relative to the cash flows analysts expect it to generate. Our Discounted Cash Flow (DCF) analysis suggests AppFolio is undervalued by 33.9%. Track this in your watchlist or portfolio, or discover 53 more high quality undervalued stocks. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for AppFolio. P/E is useful for AppFolio because earnings are now a key part of the story, not just revenue growth or cash flow. AppFolio trades on a P/E of about 44.1x. That is above both the broader software industry average of roughly 31.6x and the peer average of about 25.0x. On a blended view of growth, margins, size and risk, the fair P/E for AppFolio screens closer to 32.7x. The gap between the current 44.1x and this fair ratio suggests investors are paying a clear premium for each dollar of earnings. This premium could reflect confidence in AppFolio's product set and business model. However, when set against the DCF result that points to upside, the P/E comparison leans the other way and indicates the stock looks expensive relative to both its industry and its own fair ratio. On the P/E multiple, AppFolio stock comes across as overvalued compared with what the model suggests would be a more typical earnings based valuation. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for AppFolio pick up where this valuation puzzle leaves off and explain what assumptions about AppFolio's future growth, margins and earnings would need to hold for the stock to be worth materially more or less than today's price. Each narrative links a fair value to a particular storyline about AppFolio's potential catalysts and key risks, so you can track over time which version of events is unfolding on the Community page. The community is split on AppFolio, with one camp focused on AI driven upside and another watching execution and pricing risk. Bull case: 25% undervalued Read the full Bull Case to see why AppFolio could be undervalued Bear case: 6% overvalued Read the full Bear Case to see why AppFolio could be overvalued Do you think there's more to the story for AppFolio? Head over to our Community to see what others are saying! AppFolio looks undervalued on the Discounted Cash Flow (DCF) intrinsic value estimate, yet overvalued on P/E relative to peers and its own implied fair ratio. That split comes from cash flow based models focusing on the durability of free cash generation, while market multiples lean more on how much growth and AI driven upside investors are already pricing in. Broader valuation checks are weak, so the DCF signal sits against a cautious backdrop. The key question from here is whether AppFolio can deliver the growth and margins implied by the AI and Realm platform story without investors having already paid too much for that potential. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include APPF. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Evan Pickering, general counsel of AppFolio, Inc. (NASDAQ:APPF), sold 661 shares of Class A Common Stock on August 5, according to an SEC Form 4 filing. Transaction value based on SEC Form 4 weighted average sale price ($200.49); post-transaction value based on the August 5 market close ($193.00). What is the regulatory context of this sale?The transaction was automated under a Rule 10b5-1 plan, which was adopted by Pickering on March 13. These plans allow corporate insiders to schedule share sales in advance to satisfy personal financial goals while operating within SEC guidelines for avoiding material non-public information. How does this move impact the insider's total position?Following this sale, Pickering retains direct ownership of 5,894 shares. This remaining stake represents just about 0.02% of the company's outstanding equity and is valued at $1.14 million based on the market close as of the transaction date. What has been the recent trajectory of the stock?As of the August 5 transaction date, shares were priced at $193.00, reflecting a one-year return of -30% as of that date. The stock was priced at $194.11 as of the August 6 market close. What are the core fundamentals of the business?AppFolio is a technology firm that provides a cloud-based platform for the real estate industry, offering services for accounting, reporting, marketing, and workflow automation. Based in Santa Barbara, the company has a market capitalization of $7.1 billion and reported trailing twelve-month revenue of $1.0 billion as of August 7. AppFolio provides a comprehensive cloud-based platform for the real estate industry, offering integrated solutions for accounting, reporting, marketing, leasing, maintenance, workflow automation, and communication services to property management companies. The company generates revenue through subscription-based SaaS offerings, including AppFolio Property Manager Core and other specialized modules that serve as systems of record for small to mid-sized property management firms. AppFolio primarily serves small and mid-market property management companies in the United States, targeting operators seeking to modernize their operations through cloud-based technology solutions. AppFolio operates as a leading cloud software provider for the real estate vertical, with a market capitalization of $7.1 billion and TTM revenue of $1.0 billion. The company's subscription-based business model provides recurring revenue streams while maintaining strong profitability, with TTM net income of $157.5 million. AppFolio's competitive advantage derives from its integrated platform approach, which consolidates multiple operational functions into a single system of record, reducing implementation complexity and increasing customer switching costs. Unlike a batch of AppFolio executives whose stock vested for taxes on August 10, Pickering actually sold shares here (through a plan set back in March). He also kept about 5,900 shares, which is substantially more than the roughly 660 shares that went out the door.He sold into a stock that has struggled even as the business has been growing well. AppFolio grew second-quarter revenue 19% to $281 million last quarter, crossing $1 billion in trailing revenue for the first time and raising its full-year guidance. Growth has been fueled by AI that's being built into the product, with roughly a third of units now on the premium tiers that carry those features. Chairman and CEO Shane Trigg said operators are "embracing AI that works because it knows their business."The valuation, however, has undoubtedly still been under pressure. AppFolio still trades at a rich multiple even after the stock's slide, which is likely why strong results have not lifted it, since the market had already priced in years of the growth AppFolio is now delivering, leaving little room for the numbers to surprise. And that's only exacerbated by recent scrutiny over software stocks. Still, AppFolio shares have been rallying since earlier this year, and long-term investors should keep an eye on continued execution, which could help fuel the strong momentum that appears to be building. Before you buy stock in AppFolio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and AppFolio wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $421,511!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,381,960!* Now, it’s worth noting Stock Advisor’s total average return is 981% — a market-crushing outperformance compared to 216% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 16, 2026. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AppFolio. The Motley Fool has a disclosure policy. An AppFolio Insider Sold on a Preset Plan After Earnings. Here's What to Know was originally published by The Motley Fool

Elizabeth Erin Barat, the chief people officer of AppFolio, Inc. (NASDAQ:APPF), disposed of 1,244 shares of Class A Common Stock on August 10, as disclosed in a recent SEC Form 4 filing. Transaction value based on SEC Form 4 weighted average sale price ($199.54); post-transaction value based on the August 10 market close ($199.54). What were the mechanics behind this disposal?The transaction was non-discretionary and performed to cover minimum tax withholding obligations associated with the vesting of seven distinct grants of performance-based and time-based restricted stock units. How does this affect the insider's remaining equity position?Following this transaction, the insider retains 20,301 shares held directly, representing a roughly 0.06% ownership interest in the company. What is the recent performance context for the stock?Shares of AppFolio were priced at $203.02 as of the August 11 market close, while the stock has generated a one-year return of -30% as of the August 10 transaction date. What was the scope of the underlying vesting event?The withholding was tied to the vesting of awards originally granted between April 2023 and January 2026 under the company's 2015 and 2025 equity incentive plans. AppFolio provides cloud-based software solutions for the real estate industry, offering integrated platforms that enable property management companies to streamline accounting, reporting, marketing, leasing, maintenance, workflow automation, and communication services. The company operates a subscription-based SaaS business model, generating recurring revenue from property management firms and real estate professionals who rely on its cloud platforms for core operational and administrative functions. AppFolio primarily serves small to mid-sized property management companies and real estate operators in the United States seeking comprehensive, cloud-native solutions to enhance operational efficiency and reduce administrative overhead. AppFolio is a leading cloud-based software provider serving the real estate industry with a market capitalization of $7.3 billion and TTM revenue of $1.0 billion. The company has established a strong competitive position through its integrated platform approach, which consolidates multiple critical functions--from accounting and reporting to marketing and workflow automation--into a unified system of record for property management professionals. AppFolio demonstrates operational efficiency and profitability while maintaining a strategic focus on expanding its addressable market within the fragmented real estate technology sector. Barat's withholding is routine, and she's one of several AppFolio executives whose stock vested on the same August day, so the filings say more about a shared grant calendar than anyone's read on the shares. As chief people officer, though, she sits near a question the company's AI push keeps raising.AppFolio's growth increasingly runs on artificial intelligence: Its tools now handle thousands of leasing leads and process a quarter of maintenance requests without human involvement, and last month it crossed $1 billion in trailing revenue while growing 19%. Building and running that kind of product takes scarce engineering talent, which is where the people function Barat leads meets the strategy, since a company automating its customers' work still has to hire aggressively to build the automation. Chairman and CEO Shane Trigg said operators are "embracing AI that works because it knows their business."The talent question lies beneath growth. AppFolio is winning by turning AI into real results for property managers, and sustaining that means competing for the engineers who build it, an expense and a recruiting challenge that rises right alongside the revenue. Yes, the stock is still down sharply over the past year, but the market has been brutal to software stocks this year, and AppFolio shares have actually been minting a turnaround since lows earlier this year, and if the firm keeps executing as it has, the recent resurgence could prove to have room to run. Before you buy stock in AppFolio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and AppFolio wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $421,511!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,381,960!* Now, it’s worth noting Stock Advisor’s total average return is 981% — a market-crushing outperformance compared to 216% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 16, 2026. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AppFolio. The Motley Fool has a disclosure policy. AppFolio's AI Clears a Quarter of Maintenance Requests. Here's What an Insider Filing Shows was originally published by The Motley Fool

This article first appeared on GuruFocus. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. AppFolio Inc (NASDAQ:APPF) reported a strong second quarter with revenue reaching $281 million, marking a 19% year-over-year increase. The company crossed $1 billion in revenue on a trailing 12-month basis for the first time. Units on platform grew to 9.6 million, reflecting an 8% increase from the previous year. AppFolio's premium tier adoption expanded significantly, with nearly one in three units now on a premium tier. The company raised its full-year revenue guidance, reflecting strong growth in premium tier adoption and increasing adoption of products and services. The cost of revenue, exclusive of depreciation and amortization, increased to 36% of revenue, up from 35% a year ago. Incremental data center capacity was required to support rising customer usage of AI capabilities, impacting operating efficiencies. Sales and marketing expenses rose modestly as a percentage of revenue due to increased presence at industry conferences. The company anticipates a more moderate pace of unit expansion among existing customers. Operating expenses are expected to decline only modestly as a percentage of revenue, despite selective hiring and AI-driven efficiency efforts. Warning! GuruFocus has detected 4 Warning Signs with RNG. Is APPF fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the drivers behind the 19% year-over-year revenue growth? A: Shane Trigg, CEO, explained that the growth was driven by new customer acquisitions, an increase in units under management, and customers upgrading to premium tiers. The adoption of AI-powered workflow automation, particularly Realm-X Flows, also contributed significantly. Q: How is AppFolio addressing the complexity of multiple disconnected systems for property managers? A: Shane Trigg, CEO, highlighted that AppFolio is focusing on technology consolidation to reduce complexity. The platform integrates various systems to streamline operations, which is a priority for 45% of property managers according to their survey. Q: What impact has the adoption of AI and automation had on customer operations? A: Shane Trigg, CEO, noted that AI and automation have significantly improved operational efficiency. For instance, the Leasing Performer has handled over 10,000 leads with a 30% increase in lease applications, and Maintenance Performer has deflected over 25% of work orders through AI-led self-help. Q: Can you discuss the financial performance and outlook for the rest of 2026? A: Tim Eaton, CFO, reported strong financial results with a 19% revenue increase and raised the full-year revenue guidance to $1.117 billion to $1.127 billion. The company expects continued growth in premium tier adoption and AI product adoption, with a focus on margin expansion. Q: How is AppFolio leveraging AI to enhance the resident experience? A: Shane Trigg, CEO, mentioned that AI is being used to streamline resident onboarding and improve service delivery. The Resident Onboarding Lift, for example, transforms move-in processes into a digital experience, enhancing both resident satisfaction and operational efficiency. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

AppFolio, Inc. APPF reported second-quarter 2026 non-GAAP earnings of $1.71 per share, which increased 23.9% year over year. The bottom line surpassed the Zacks Consensus Estimate of $1.67 by 2.4%. Revenues rose 19.3% to $281 million and beat the consensus mark of $277 million by 1.5%. Growth reflected strength in Value Added Services, premium-tier adoption and new customer wins. Units under management increased 8% to 9.6 million. Subscription Services revenues increased 14% year over year to $59.8 million. Management attributed the gain to new customer additions, growth in units under management and continued upgrades to the Plus and Max premium tiers. AppFolio, Inc. price-consensus-eps-surprise-chart | AppFolio, Inc. Quote Value Added Services revenues advanced 21.8% to $219.5 million, led by FolioGuard risk mitigation services, FolioScreen offerings and online payments. Resident Onboarding Lift, Move-In Services through LiveEasy and Realm-X Performers also contributed a growing share. Other revenues declined 37.2% to $1.9 million. AppFolio ended the quarter with 22,751 customers, up 6% from 21,403 a year earlier. Nearly one in three units was on a premium tier compared with approximately one in four previously, indicating deeper adoption of the company’s Plus and Max offerings. The company expanded Realm-X Flows, its workflow orchestration layer, to five times the number of triggers and more than 1,000 conditional routing options. Among customers using Flows, runs grew at a triple-digit rate across lead nurturing, rental applications, move-ins, delinquency and renewals. Leasing Performer was involved in roughly half of completed showings for customers that deployed it. Bluestone’s use of the product handled more than 10,000 leads, 55% of which arrived after hours, while delivering an average response time of less than nine seconds. Non-GAAP operating income grew 23.8% year over year to $76.2 million. The non-GAAP operating margin expanded 90 basis points to 27.1%, reflecting operating leverage as revenues grew faster than several expense categories. GAAP operating income increased 30.8% to $53 million, while the corresponding margin improved 160 basis points to 18.8%. GAAP net income rose 15.5% to $41.5 million. Non-GAAP cost of revenues, excluding depreciation and amortization, was 36% of revenues, up from 35%. Operating efficiencies were offset by the payments product mix and incremental data-center capacity supporting increased customer use of AI capabilities.Research and development declined to 15% of revenues from 16%, aided by productivity gains from AI tools. Sales and marketing and general and administrative expenses remained at 14% and 7% of revenues, respectively. The workforce grew 3% to 1,732 employees. Operating cash flow totaled $87.6 million, up 66.4% from $52.6 million in the year-ago quarter. The measure represented 31.2% of revenues compared with 22.3% a year earlier, highlighting stronger cash conversion alongside profit growth. APPF ended June with $217.4 million in cash and cash equivalents and $4.3 million in current investment securities. The company had no borrowings under its $150 million revolving credit facility and remained in compliance with its covenants. The company did not repurchase shares during the second quarter after spending $125 million on buybacks in the first quarter. Management said its capital-allocation priorities remain focused on business investment, with repurchases conducted opportunistically. AppFolio raised its 2026 revenue guidance to $1.117-$1.127 billion. The midpoint implies 18% growth, supported by premium-tier adoption, new business units and increased use of offerings, including agentic AI Performers and resident services. The Zacks Consensus Estimates for AppFolio’s revenues are pegged at $1.12 billion, implying a year-over-year increase of 17.5%. The outlook assumes a more moderate pace of unit expansion among existing customers, while new customer acquisition and retention remain healthy. Management expects Subscription Services and Value Added Services seasonality to be broadly consistent with 2025. The company also lifted its non-GAAP operating margin outlook to 26.5-28%. Management expects cost of revenues, excluding depreciation and amortization, to remain relatively flat as a percentage of revenues compared with 2025. Diluted weighted-average shares are projected at approximately 36 million. The Zacks Consensus Estimate for AppFolio’s earnings in 2026 is pegged at $6.75, implying a year-over-year increase of 28%. Currently, TXN carries a Zacks Rank #3 (Hold). Some better top-ranked stocks in the broader Zacks Computer and Technology sector are Analog Devices ADI, Applied Materials AMAT and Cisco Systems CSCO, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Shares of Analog Devices have rallied 69.6% year to date. The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings is pegged at $12.42 per share, down by a penny over the past seven days, indicating an increase of 59.4% year over year. Shares of Applied Materials have skyrocketed 196.2% year to date. The Zacks Consensus Estimate for AMAT’s fiscal 2026 earnings is pegged at $12.14 per share, up by a penny over the past seven days, indicating a rise of 28.9% year over year. Cisco Systems shares have surged 63.6% year to date. The Zacks Consensus Estimate for CSCO’s fiscal 2026 earnings is pegged at $4.28 per share, unchanged over the past 30 days, indicating an increase of 12.3% year over year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AppFolio, Inc. (APPF) : Free Stock Analysis Report Analog Devices, Inc. (ADI) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

AppFolio (APPF) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.40%. A quarter ago, it was expected that this property management software maker would post earnings of $1.44 per share when it actually produced earnings of $1.61, delivering a surprise of +11.81%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. AppFolio, which belongs to the Zacks Internet - Software industry, posted revenues of $281.12 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.50%. This compares to year-ago revenues of $235.57 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. AppFolio shares have lost about 30.3% since the beginning of the year versus the S&P 500's gain of 9.6%. While AppFolio has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for AppFolio was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.71 on $291.71 million in revenues for the coming quarter and $6.75 on $1.12 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Quantum Computing Inc. (QUBT), another stock in the same industry, has yet to report results for the quarter ended June 2026. This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +16.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Quantum Computing Inc.'s revenues are expected to be $4.7 million, up 7733.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AppFolio, Inc. (APPF) : Free Stock Analysis Report Quantum Computing Inc. (QUBT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in AppFolio, Inc.? Here are five stocks we like better. AppFolio delivered strong Q2 2026 results, with revenue up 19% year over year to $281 million and operating income rising as margins expanded. The company also surpassed $1 billion in trailing 12-month revenue for the first time. Growth was driven by subscription and value-added services, including premium tier upgrades, payments, risk mitigation and AI-powered products like Realm-X Performers. AppFolio ended the quarter with 9.6 million units on its platform and 22,751 customers, both up from a year ago. Management emphasized AI and platform consolidation as major strategic themes, citing strong adoption of workflow automation tools and rising customer demand to replace fragmented systems. AppFolio also raised full-year 2026 guidance for both revenue and non-GAAP operating margin. AppFolio (NASDAQ:APPF) reported strong second-quarter 2026 results, with management highlighting continued revenue growth, expanding margins, increased platform adoption and growing customer interest in artificial intelligence-powered real estate operations. The property management software company said revenue rose 19% year over year to $281 million, compared with $236 million in the second quarter of 2025. Chairman and CEO Shane Trigg said AppFolio also crossed $1 billion in trailing 12-month revenue for the first time. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? “This is an exciting time for our business and our industry,” Trigg said on the earnings call. “I want to start where it matters most, with the operators running and growing their businesses on AppFolio.” GAAP operating income increased to $53 million, or 18.8% of revenue, up from $41 million, or 17.2% of revenue, a year earlier. Non-GAAP operating income rose 24% year over year to $76 million, or 27.1% of revenue, compared with $62 million, or 26.2% of revenue, in the prior-year period. → 3 Photonics Companies Making Quantum Tech Possible CFO Tim Eaton said subscription services revenue grew 14% year over year to $60 million, driven by new customers, growth in units under management and upgrades to premium tiers. Nearly one in three units are now on a premium tier, up from approximately one in four, according to management. Value-added services revenue increased 22% year over year to $219 million. Eaton said the growth was led by FolioGuard risk mitigation services, FolioScreen offerings and online payments, along with continued unit growth. He also pointed to newer offerings, including Resident Onboarding Lift, move-in services through LiveEasy and Realm-X Performers, AppFolio’s agentic AI products for leasing, maintenance and resident messaging. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off AppFolio ended the quarter with approximately 9.6 million units on its platform, an 8% increase from 8.9 million a year earlier. The company’s customer count rose 6% to 22,751 from 21,403. “New customer wins and new unit additions remained strong,” Eaton said. “Customer and unit retention continued to be healthy and consistent with historical averages.” Trigg said conversations at the NAA Apartmentalize conference underscored broad industry interest in AI, but he said customers were focused less on adding tools and more on reducing complexity across disconnected systems. He cited AppFolio’s Property Management Benchmark Report, which found that 45% of property managers are actively planning to streamline their software solutions. Trigg said customers that moved to AppFolio reduced reliance on multiple disconnected systems, pointing to examples including RST & Associates, Advanced Management Company and Northpoint Asset Management. “Consolidation isn’t the end game,” Trigg said. “It’s simply removing blockers to what customers actually want: real performance.” AppFolio is positioning its strategy around what it calls real estate performance management, or RPM. Trigg described RPM as a combination of “an AI-native architecture with interconnected systems of record, action, and growth.” The company highlighted continued development of Realm-X Flows, its workflow automation layer. Trigg said AppFolio expanded Flows during the quarter to include five times the triggers and more than 1,000 conditional options to route and filter workflows. Among customers that have adopted Flows, runs grew triple digits year over year across areas including lead nurture, rental applications, move-ins, delinquency and renewals. Trigg also said Leasing Performer is involved in roughly half of all completed showings for customers that have deployed it, while Maintenance Performer responds to resident inquiries in seconds. AppFolio announced a new Accounting Performer at Apartmentalize, which the company said is intended to streamline bill entry, financial close processes and budgeting. Management cited several customer examples to show how broader platform adoption is affecting operations. Trigg said PURE HomeRiver, which operates in 35 states and manages a 40,000-unit portfolio, renewed its commitment to AppFolio as its single platform of choice and anticipates growth to 60,000 units. Trigg also discussed Stratton Vantage, a Phoenix-based operator managing 1,600 units, which implemented Resident Onboarding Lift earlier this year. According to Trigg, 100% of its leases have moved through the platform, and the company’s leasing team has reported recapturing nearly 20 hours a month. Other examples included Yale Management Services, a 7,500-unit customer in Los Angeles that upgraded to AppFolio’s Max tier and achieved a 1.9 percentage point lift in occupancy over six months, and Bluestone, which manages 3,000 residential units in the Pacific Northwest. Trigg said Bluestone’s Leasing Performer handled more than 10,000 leads, with 55% arriving after hours and an average response time under nine seconds. Eaton said cost of revenue, excluding depreciation and amortization, was 36% of revenue, up from 35% a year earlier. He attributed the increase to payments product mix and incremental data center capacity to support rising customer usage of AI capabilities, partially offset by operating efficiencies. Sales and marketing expense was 14% of revenue, consistent with the prior-year quarter. Research and development declined to 15% of revenue from 16%, while general and administrative expense remained at 7% of revenue. AppFolio ended the quarter with 1,732 employees, up 3% year over year. The company generated $88 million in operating cash flow and ended the quarter with $222 million in cash equivalents and current investment securities. “Our capital allocation approach remains unchanged,” Eaton said. “We prioritize investing in the business, and our share repurchase program remains opportunistic.” AppFolio raised its full-year 2026 revenue outlook to a range of $1.117 billion to $1.127 billion, with the midpoint implying 18.0% growth. Eaton said the updated outlook is supported by premium tier adoption, growth in new business units and increasing adoption of products and services, including agentic AI performers and resident services. The company also raised its non-GAAP operating margin guidance to a range of 26.5% to 28.0%, compared with 24.7% in 2025. AppFolio expects cost of revenue, excluding depreciation and amortization, to be relatively flat as a percentage of revenue compared with 2025. Eaton said the company expects operating expenses as a percentage of revenue to decline modestly as AppFolio scales and uses AI to drive efficiency across internal operations. The company anticipates diluted weighted average shares outstanding of approximately 36 million for the full year. “Our continued investment in AI and the resident experience is expanding the value customers receive from our platform,” Eaton said, adding that AppFolio remains focused on “durable revenue growth, margin expansion, and disciplined capital allocation.” AppFolio, Inc is a Santa Barbara–based provider of cloud-based software solutions for the property management and legal industries. Founded in 2006 by former software executives, the company went public on the NASDAQ under the symbol APPF in 2015. Its original offering, AppFolio Property Manager, automates accounting, marketing, leasing, and maintenance functions for residential, commercial, student housing, and community association managers. In 2019, AppFolio expanded its portfolio with the acquisition of MyCase, a web-based legal practice management platform for small to mid-size law firms. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "AppFolio Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

(Bloomberg) -- Intel Corp. is expected to report strong second-quarter earnings after the market close Thursday, but even blowout results likely won’t be enough to reverse the stock’s July slide. Most Read from Bloomberg Retina Chip Designed to Restore Sight to Go on Sale in Europe Hegseth Turns to UNC, Virginia Tech After Dropping Ivy League Apple Plans Overhaul of MacBooks, iMac in Push to Meet AI Demand Trump’s 100% Generic Drug Duty Threatens US Low-Cost Supply Apple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur Sales The shares are down 27% this month, putting them among the 10 worst performers in the S&P 500 Index, after soaring 278% in the first half for the third-best performance in the broad equities benchmark. The move comes as investors are suddenly selling this year’s winners and souring on chipmakers in particular. The Philadelphia Stock Exchange Semiconductor Index, or SOX, has lost 13% this month and briefly sank into a bear market last week before recovering somewhat. “How investors feel about the semiconductor space is going to call what Intel does here more than what Intel tells you,” said Matt Bryson of Wedbush Securities. “The stock move has been more of a sentiment shift necessarily than being supported by kind of real shifts in earnings power.” Wall Street expects Intel to post a 12% increase in second-quarter revenue to $14.4 billion and earnings of 12 cents per share, reversing a loss of 67 cents a year ago. Gross margins are projected to be about 39%, up from nearly 30% in the same quarter last year. “It’s not that Intel hasn’t gotten better,” Bryson said. “Just it hasn’t gotten better at the same rate that the stock has gotten better.” Intel shares have gained 178% in 2026, putting them on pace for their best year ever in data going back to 1983. That’s the second-strongest showing in the SOX, which has risen 75% this year and is heading for its best annual performance since 2003. The stock took off in early April and kept running, eventually eclipsing its dot-com era high, as the company joined Elon Musk’s Terafab project, issued a blockbuster forecast and President Donald Trump touted a deal with Apple Inc. to design and produce chips in the US. But enthusiasm for semiconductors is starting to fizzle as investors grow concerned about how long the heavy spending on artificial intelligence can last. And that pessimism is now looming over Intel’s results. During its earnings call on Wednesday, Alphabet Inc., one of the biggest AI spenders, raised its outlook for capital expenditures this year to between $195 billion and $205 billion from its previous expectation of $180 billion to $190 billion. Last week’s disappointing market reaction to a strong print from Taiwan Semiconductor Manufacturing Co., the main chipmaker for Nvidia Corp., demonstrates the challenges facing Intel’s stock heading into this report. TSMC increased its revenue and spending outlooks for the year, reflecting confidence in demand for chips and data centers in 2027 and beyond. And yet the company’s American depositary receipts fell. Of course, Intel’s report is likely to offer encouraging signs for investors. There’s strong demand from data center operators for central processing unit chips, known as CPUs, which Intel makes, to the point where there are concerns about whether supply can keep up. Wall Street is also hoping Intel will name more clients for its foundry business, with analysts closely watching its capital expenditures for clues that it has secured new customers. In addition, positive updates on a deal with Apple or the Terafab commitment could give the shares a boost, according to Kim Forrest, founder and chief investment officer of Bokeh Capital Partners. “If those announcements still feel like they’re going forward in the timeline originally outlined, I think the stock reacts well in the shorter term,” she said. The shares got a lift Tuesday when the company confirmed that it will cut jobs in its data center group as part of its effort to reduce costs. But even with healthy earnings and shares well off a record high, Intel may not have much more room to rise because it’s gotten too expensive. The stock is priced at about 74 times earnings over the next 12 months, an extreme premium to its 10-year average of 22. That’s the third highest multiple in the semiconductor index, blowing away rivals like Nvidia, which is priced at less than 20 times forward earnings, and Broadcom Inc. at 23 times. The SOX trades at 23 times projected earnings, and the S&P 500 is at 20 times. “This is a stock where the market is getting ahead of itself, at least on the valuation side,” said Thomas George, portfolio manager at Grizzle Investment Management, which owns Intel shares. “The added hurdle for Intel is its own demanding valuation.” Tech Chart of the Day Top Tech Stories Alphabet raised its capital spending forecast to as much as $205 billion this year, reigniting concerns about a lack of fiscal discipline in the race to dominate artificial intelligence. Tesla Inc.’s profit tumbled despite a strong quarter for its automotive business, pressuring Elon Musk’s plan to refocus the electric vehicle maker on artificial intelligence and robots. Uber Technologies Inc. said it has cut 10% of jobs within its customer service operations as part of a broader effort to simplify its ranks and “embrace artificial intelligence.” Micron Technology Inc. recently gave Tesla Inc. a “significant allocation” of memory chips, according to Elon Musk, helping meet the automaker’s demand for an increasingly precious commodity. International Business Machines Corp. cut its full-year sales outlook, including for its closely watched software unit, after reporting a dip in demand for its mainframe business. Earnings Due Earnings Postmarket: --With assistance from Neil Campling, Subrat Patnaik and David Watkins. 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