Applied Digital Corporation (APLD)
NASDAQ:APLD
Earnings Data
Report Date
Aug 20, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
-0.2Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
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.Company Guidance
Strong Revenue Growth
Total revenues of $126.6 million for the quarter, a 139% increase versus the comparative prior quarter, driven by ramping HPC hosting leases and fit-out services.
Positive Adjusted EBITDA and Adjusted Net Income
Adjusted EBITDA of $44.1 million for the quarter and adjusted net income of $33.2 million (or $0.09 per share), indicating underlying operating profitability excluding non-GAAP adjustments and one-time items.
HPC Hosting Momentum
HPC hosting generated $71.0 million in revenue (base rents $44.1M, tenant fit-out services $18.9M, power/ancillary $8.1M) and segment operating profit of $17.6 million; first 100-MW direct-to-chip liquid-cooled building operating and represents early earnings runway.
Data Center (Crypto) Business Strong
Data Center segment revenue of $37.5 million, up 7% year-over-year, producing $13.9 million in operating profit on $119.6 million of assets, cited as the highest return on assets in the company.
Execution of Large-Scale Construction
Substantial buildout progress: Polaris Forge 1 operating (100 MW), two additional 150-MW buildings under construction at PF1, PF2 foundations and fit-out mobilizing; company reports approximately 900 MW (~1 GW) under construction and claims projects are on time and on budget.
Financing and Balance Sheet Capacity
Ended quarter with $2.1 billion cash and cash equivalents, $2.7 billion debt with no significant maturities in next two years, ~ $1.6 billion equity; majority of equity and debt financing for first two campuses complete and access to $4.1 billion in preferred equity from Macquarie following an executed hyperscaler lease.
Improved Credit Support on Major Lease
CoreWeave lease restructuring: SPV structure, $50 million letter of credit and springing parent guarantees; CoreWeave SPV received A3 rating (improved from BB), which management expects will de-risk 250 MW of leases and help lower cost of capital for remaining financings.
Pipeline Expansion and Strategic Moves
Broke ground on Delta Forge 1 (300 MW) with initial operations expected mid-2027; marketing four development sites (combined ~1 GW potential grid power) and reported ~$16 billion in contracted lease revenue (CoreWeave $11B, investment-grade ~$5B); cloud business being separated and combined with EKSO to form ChronoScale to enable focused capital raising.
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 |
|---|---|---|---|
Apr 08, 2026 | $27.79 | $25.57 | -7.99% |
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% |
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 Aug 20, 2026, Before Open (Confirmed).
What is Applied Digital Corporation (APLD) earnings time?
Applied Digital Corporation (APLD) earnings time is at Aug 20, 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 (Q4) is -0.2.
