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Applied Digital Corporation (APLD)
NASDAQ:APLD
Earnings Data
Report Date
May 08, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.08Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights material commercial progress (major hyperscaler leases totaling 600 MW and ~$16B prospective revenue), substantial quarter-over-quarter and year-over-year revenue growth (+250%), positive adjusted EBITDA, strong liquidity ($2.3B) and a repeatable financing/development framework. Offsetting items include a GAAP net loss ($31.2M), large near-term increases in cost of revenues driven by tenant fit-out activity, higher SG&A largely from accelerated stock compensation, increased interest expense and outstanding execution/closing risks on advanced discussions and the ChronoScale spinout. On balance, the positives (large signed leases, strong pipeline and financing, operational milestones and improving unit economics in hosting) materially outweigh the lowlights, though execution and capital-cost risks remain and should be monitored.Company Guidance
Revenue Growth and Profitability Metrics
Total revenues were $126.6M for Q2 FY26, up 250% from $36.2M a year ago. Adjusted EBITDA was $20.2M and adjusted net income was positive ~$0.1M (rounded $0.00 per share), despite GAAP net loss.
Major Hyperscaler Leases and Prospective Backlog
Secured contracts representing 600 MW of lease capacity across North Dakota campuses with ~ $16B in prospective lease revenue (CoreWeave: 400 MW ~ $11B over ~15 years; investment‑grade hyperscaler lease: ~200 MW ~ $5B over 15 years).
Data Center Hosting Performance
Data Center Hosting segment generated $41.6M of revenue (up 15% year-over-year) and delivered roughly $16M of segment operating profit on $131M of assets (operating leverage demonstrated).
Strong Liquidity and Financing Framework
Quarter-end liquidity of $2.3B in cash, cash equivalents and restricted cash; multilayered financing in place including a $100M development loan facility (first draw made), $900M drawn from a $5B preferred equity facility, and a $2.35B private offering of 9.25% senior secured notes due 2030 to finance Polaris Forge construction.
Construction and Operational Milestones
Polaris Forge 1 reached ready-for-service (energizing 100 MW) on schedule (first of 3 contracted buildings). Anticipated campus buildouts in 2026–2027 with modular/prefabricated designs to shorten timelines and lower costs.
Pipeline Momentum and Advanced Discussions
Management reported advanced discussions on 3 additional sites totaling ~900 MW and increased inbound demand from hyperscalers following the two signed leases; expects additional campus starts in early 2026.
Strategic Corporate Actions & Technology Investments
Announced non-binding LOI to spin out Applied Digital Cloud into 'ChronoScale' (Applied Digital expected to own >80%); cloud business ~ $60M trailing 12‑month revenue and $313M assets. Invested $15M in Corintis (liquid cooling) and pursuing partnerships (e.g., Babcock & Wilcox) to accelerate power solutions.
APLD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
APLD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 07, 2026 | $29.56 | $31.94 | +8.05% |
Oct 09, 2025 | $29.29 | $33.99 | +16.05% |
Jul 30, 2025 | $10.03 | $13.14 | +31.01% |
Apr 14, 2025 | $5.37 | $3.44 | -35.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Applied Digital Corporation (APLD) report earnings?
Applied Digital Corporation (APLD) is schdueled to report earning on May 08, 2026, Before Open (Confirmed).
What is Applied Digital Corporation (APLD) earnings time?
Applied Digital Corporation (APLD) earnings time is at May 08, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APLD EPS forecast?
APLD EPS forecast for the fiscal quarter 2026 (Q3) is -0.13.
