Digital Turbine (APPS +16.62%) stock is soaring in Wednesday's trading. The company's share price was up 53.3% as of 11:15 a.m. ET and had been up as much as 57% earlier in the session.
After the market closed yesterday, Digital Turbine released results for the fourth quarter of its 2026 fiscal year -- a period that ended March 30. The quarter's sales and earnings exceeded Wall Street's estimates, and the company issued promising forward guidance.
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Digital Turbine served up big beats in fiscal Q4
Digital Turbine recorded non-GAAP (adjusted) earnings of $0.16 per share and revenue of $142.5 million in the last fiscal year's fourth quarter. The performance came in far better than the average Wall Street analyst estimates, which had called for adjusted earnings of $0.09 per share and sales of roughly $133.2 million in the period. Revenue increased roughly 19.6% year over year to significantly exceed Wall Street's target, and margins for the period were stronger than anticipated.
NASDAQ: APPS
Key Data Points
Digital Turbine signals strong outlook for fiscal 2027
With its latest quarterly report, Digital Turbine set guidance for sales between $630 million and $650 million for the current fiscal year. For comparison, the average analyst estimate had targeted revenue of roughly $619 million prior to the company's update.
Meanwhile, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year are projected to be between $135 million and $145 million -- up from $122.5 million last year. With growth looking significantly stronger than previously anticipated, investors have become far more confident in the company's long-term outlook.
