Finally, as announced yesterday, in Q4 we broke ground on a new, state-of the art production facility in El Mirage, Arizona. This expansion reflects our consistent capital allocation approach focused on the long-term need for factory-built solutions to the worsening housing crisis in America.
Our outperformance in quarter one was fueled by stronger than expected seat expansion across entire organizations, driven by design's growing importance and adoption of our AI products including Figma Make, MCP, and Figma Weave,
AppLovin delivered strong first-quarter 2026 results, with quarter-over-quarter revenue growth of 11% and year-over-year growth of 59%, coming in 5% ahead of guidance. The company's financial strength is reflected in its perfect Piotroski Score of 9 and impressive gross profit margin of 87.86%, according to InvestingPro data.
BTIG raised its PANW stock price target to $216 from $200 and reiterated a Buy rating, citing a fresh round of channel checks with partners and customer contacts that came back 'constructive to positive across all contacts.'
Chair, President and CEO Glen Messina stated that the company experienced solid underlying business momentum, with double-digit growth in revenue, originations volume, and servicing balances despite market challenges.
Florance acquired a total of 71,430 securities via two transactions, one which included 68,330 securities and a second that included 3,100 securities, ranging in price from $34.67 to $36.00 per security.
