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Applied Digital Corporation designs, develops, and operates digital infrastructure solutions and cloud services high-performance computing (HPC) and artificial intelligence industries in North America.
It operates through three segments: Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.
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They collectively sold out of the shares on Thursday, despite very impressive fundamentals. A bullish analyst note helped change their minds the following day.
Applied Digital remains a buy after a 20% pullback, supported by robust long-term growth prospects and reaffirmed $1B NOI target. Q3 revenue surged 139% YoY, but no new leases were secured, raising questions about near-term demand strength. Debt levels have increased following a $2.15B senior notes offering, introducing higher leverage risk despite a still-strong cash balance.
Applied Digital delivered a strong Q3'26, beating top and bottom line estimates amid rapid Data Center expansion. APLD's 139% Y/Y revenue growth is driven by hyperscaler AI infrastructure demand, but operating losses and debt have surged due to aggressive CapEx. With 700 MWs of IT load under construction, APLD is positioned to benefit from secular Data Center CapEx growth, despite its high 12.1X forward P/S.
Applied Digital remains a hold as recurring lease revenue scales and financing conditions improve, but equity returns and dilution risks persist. Q3 FY2026 results confirm a transition to higher-quality, recurring revenue, with ~$44m of $71m HPC segment revenue now from base rent tied to long-term leases. Financing conditions have improved with new debt at 6.75% and strengthened CoreWeave lease structures, but total debt remains high at $2.7-2.8b.
Applied Digital is scaling AI and blockchain data centers, targeting hyperscale clients with long-term leases and aggressive capacity expansion. APLD has secured $16B in aggregate rental revenue via five long-term leases and is marketing over 4 GW of accessible power. Financial health is improving with nearly $2B in cash, but operating losses are widening, and profitability is not expected before 2028.
Applied Digital this week posted fiscal third-quarter revenue of $126.6 million versus a $76.56 million estimate and delivered adjusted EPS of nine cents versus expectations for a loss of 10 cents.
APLD posts a wider Q3 loss, but revenues soar 139% on HPC growth and data center demand, as massive hyperscaler deals signal long-term expansion potential.
Applied Digital (APLD) reported fiscal third-quarter revenue that more than doubled from a year earlier, though a substantial net loss tied to a business separa
Applied Digital's fiscal Q3 sales-and-earnings results actually crushed Wall Street's expectations. Investors weren't thrilled with elements of the company's sales mix, and some were hoping for more concrete lease news.
Shares of Applied Digital Corp (NASDAQ:APLD) are plunging 6% to trade at $26.13 this morning, brushing off a revenue beat after it suffered a wider-than-expected fiscal third-quarter net loss.
Shares of Applied Digital Corp (NASDAQ: APLD) fell more than 7% at Thursday's open after the company reported third-quarter results that beat revenue expectations but were weighed down by hefty write-downs and stock-based compensation. The blockchain and high-performance computing (HPC) firm posted a net loss attributable to common stockholders of $100.9 million, or $0.36 per share, well below the consensus estimate of a $0.10 loss per share.
The major indexes are pulling back after yesterday's ceasefire-related surge
APLD, EPC and OPAL have been added to the Zacks Rank #5 (Strong Sell) List on April 9, 2026.
Applied Digital Corporation (APLD) Q3 2026 Earnings Call Transcript
Applied Digital Corporation (APLD) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of a loss of $0.1. This compares to a loss of $0.16 per share a year ago.
