Applied Digital Corporation (APLD)
NASDAQ:APLD
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APLD Stock Chart & Stats
$31.53
-$0.86(-9.13%)
At close: 4:00 PM EST
$31.53
-$0.86(-9.13%)
Day’s Range― - ―
52-Week Range$9.02 - $50.73
Previous CloseN/A
Volume8.15M
Average Volume (3M)22.48M
Market Cap
$12.20B
Enterprise Value$14.61B
Total Cash (Recent Filing)$1.73B
Total Debt (Recent Filing)$2.83B
Price to Earnings (P/E)―
Beta3.02
Next Earnings
Aug 20, 2026EPS Estimate
-0.24Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.75
Shares Outstanding285,769,530
10 Day Avg. Volume20,786,673
30 Day Avg. Volume22,484,230
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)2.17
Price to Sales (P/S)6.38
P/FCF Ratio-1.72
Enterprise Value/Market Cap1.20
Enterprise Value/Revenue41.10
Enterprise Value/Gross Profit151.83
Enterprise Value/Ebitda-156.42
Forecast
1Y Price Target
$69.11Price Target Upside119.19% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)-0.73
Revenue Forecast (FY)$818.74M
Bulls Say, Bears Say
Bulls Say
Large Contracted Lease BacklogA deep, long‑dated hyperscaler backlog provides multiyear revenue visibility and lowers demand risk versus spot hosting. Investment‑grade counterparts and multi‑campus contracts support predictable cash flows, simplify project underwriting and improve the ability to secure lower‑cost project financing over time.
Strong Top-line Ramp And Adjusted ProfitabilitySustained revenue acceleration with positive adjusted EBITDA shows the core hosting business can generate operating profits as scale increases. Durable margin improvement in HPC hosting indicates unit economics that can support future NOI growth as additional buildings energize and fixed costs are absorbed.
Proven Large‑scale Execution And Repeatable Build ModelDemonstrated ability to deliver multi‑hundred MW campuses on schedule and on budget is a durable competitive advantage. Repeatable 'AI Factory' scale lowers per‑MW build cost, speeds customer onboarding, and enhances returns on deployed capital as the platform standardizes design, procurement and construction.
Bears Say
Persistent GAAP Net LossesMaterial GAAP losses mean equity cushions remain stressed and reported profitability is not yet sustainable. Continued non‑GAAP adjustments and periodic write‑downs can mask true earnings power, complicating long‑term planning and investor appetite for equity financing absent clear path to GAAP breakeven.
Elevated Leverage From Rapid ScalingHigh debt relative to equity reflects capital‑intensive growth and increases refinancing, interest and covenant risk. Until projects produce stable, investment‑grade NOI, leverage limits financial flexibility and raises the cost of incremental capital, constraining the firm's ability to self‑finance expansion.
Deep Negative Free Cash FlowSubstantial negative free cash flow signals ongoing dependence on external financing to fund construction and working capital. This structural cash shortfall requires frequent access to debt or equity markets, exposing the business to cost‑of‑capital volatility and potential dilution if internal cash generation doesn't improve.
Applied Digital Corporation News
APLD FAQ
What was Applied Digital Corporation’s price range in the past 12 months?
Applied Digital Corporation lowest stock price was $9.02 and its highest was $50.73 in the past 12 months.
What is Applied Digital Corporation’s market cap?
Applied Digital Corporation’s market cap is $12.20B.
When is Applied Digital Corporation’s upcoming earnings report date?
Applied Digital Corporation’s upcoming earnings report date is Aug 20, 2026 which is in 66 days.
How were Applied Digital Corporation’s earnings last quarter?
Applied Digital Corporation released its earnings results on Apr 08, 2026. The company reported -$0.36 earnings per share for the quarter, missing the consensus estimate of -$0.151 by -$0.209.
Is Applied Digital Corporation overvalued?
According to Wall Street analysts Applied Digital Corporation’s price is currently Undervalued.
Does Applied Digital Corporation pay dividends?
Applied Digital Corporation does not currently pay dividends.
What is Applied Digital Corporation’s EPS estimate?
Applied Digital Corporation’s EPS estimate is -0.24.
How many shares outstanding does Applied Digital Corporation have?
Applied Digital Corporation has 285,769,530 shares outstanding.
What happened to Applied Digital Corporation’s price movement after its last earnings report?
Applied Digital Corporation reported an EPS of -$0.36 in its last earnings report, missing expectations of -$0.151. Following the earnings report the stock price went down -7.988%.
Which hedge fund is a major shareholder of Applied Digital Corporation?
Currently, no hedge funds are holding shares in APLD
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Applied Digital Corporation Stock Smart Score
Outperform
1
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5
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7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$69.11 (119.19% Upside)
$69.11 (119.19% Upside)
Blogger Sentiment
Bullish
APLD Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 1.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.2%
Last 30 Days ▲ 6.9%
Last 30 Days ▲ 6.9%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 4%
Bearish news 4%
Technicals
SMA
Positive
20 days / 200 days
Momentum
241.32%
12-Months-Change
Fundamentals
Return on Equity
-15.82%
Trailing 12-Months
Asset Growth
265.88%
Trailing 12-Months
Company Description
Applied Digital Corporation
Applied Digital Corporation (ADC) is a North American firm specializing in digital infrastructure and cloud-based solutions, primarily serving the high-performance computing (HPC) and artificial intelligence (AI) sectors. Its business is structured around three key segments: Data Center Hosting, Cloud Services, and dedicated HPC Hosting. ADC offers essential infrastructure support to cryptocurrency mining clients. Furthermore, it delivers robust GPU computing capabilities crucial for intensive AI, machine learning, and various other HPC workloads. The company also undertakes the comprehensive design, construction, and management of data centers specifically engineered to facilitate HPC applications. Formerly known as Applied Blockchain, Inc., the company officially adopted the name Applied Digital Corporation in November 2022. Its corporate headquarters are situated in Dallas, Texas.
APLD Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a constructive operational and growth narrative: very strong sequential revenue growth (139%), positive adjusted EBITDA ($44.1M), significant construction progress on multiple large campuses, improved lease credit support (CoreWeave A3 upgrade), and meaningful liquidity and funding access. Offsetting these positives are a large GAAP net loss ($100.9M), a sizable cloud segment noncash write-down ($59.7M) and elevated SG&A driven by stock-based compensation and one-time professional costs. Management highlights achievable financing paths and solid execution but acknowledges remaining debt placement and regulatory/site timing risks. On balance the call emphasizes strong execution and a clear growth runway, while also disclosing near-term profitability headwinds and financing/approval uncertainties.View all APLD earnings summariesAPLD Stock 12 Month Forecast
Average Price Target
$69.11
▲(119.19% Upside)
Technical Analysis
Digital Realty
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Equinix
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DigitalOcean Holdings
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Ingram Micro Holding Corporation
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CoreWeave
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Ownership Overview
9.20% Insiders
19.37% Mutual Funds
29.92% Other Institutional Investors
25.33% Public Companies and Individual Investors