Applied Digital Corporation (APLD)

US — Technology Sector
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Key Metrics & Ratings

  • symbol APLD
  • Rev/Share 1.0568
  • Book/Share 7.3766
  • PB 6.8782
  • Debt/Equity 1.7995
  • CurrentRatio 4.8231
  • ROIC -0.019

 

  • MktCap 10456509668.0
  • FreeCF/Share -5.0351
  • PFCF -7.7896
  • PE -81.3752
  • Debt/Assets 0.4989
  • DivYield 0
  • ROE -0.1352

 

  • Rating D+
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 2
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation APLD Arete -- Buy -- $99 Jan. 7, 2026
Resumed APLD Compass Point -- Buy -- -- Sept. 15, 2025
Upgrade APLD Compass Point Neutral Buy -- $13 July 25, 2025
Downgrade APLD Compass Point Buy Neutral -- $13 June 9, 2025
Initiation APLD Citizens JMP -- Mkt Outperform -- $12 May 22, 2025
Initiation APLD Compass Point -- Buy -- $10 Jan. 28, 2025
Initiation APLD Cantor Fitzgerald -- Overweight -- $15 Dec. 20, 2024

News

APLD vs. Sandisk: Which Data Infrastructure Stock is the Better Buy?
APLD, SNDK
Published: January 19, 2026 by: Zacks Investment Research
Sentiment: Positive

SNDK's technology advantage and improving profitability contrast with Applied Digital's capital-intensive model. Storage leader benefits from the AI infrastructure wave.

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image for news APLD vs. Sandisk: Which Data Infrastructure Stock is the Better Buy?
Applied Digital: Overhang Removed, 600MW Secured, And 900MW Next?
APLD
Published: January 14, 2026 by: Seeking Alpha
Sentiment: Neutral

I turned bullish on Applied Digital Corporation (APLD). Q2 FY26 was a blowout quarter: $126.6M, up 250% yoy, driven largely by HPC hosting growth as the business pivots away from crypto hosting. Management is finally spinning off the money-losing cloud services segment (ChronoScale with EKSO), removing a major overhang.

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image for news Applied Digital: Overhang Removed, 600MW Secured, And 900MW Next?
APLD Strengthens Power and Cooling Stack: A Sign of More Upside?
APLD
Published: January 13, 2026 by: Zacks Investment Research
Sentiment: Positive

APLD invests in advanced cooling and dedicated power to ease AI data center constraints as hosting revenues rise and capacity ramps.

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image for news APLD Strengthens Power and Cooling Stack: A Sign of More Upside?
Should you Buy, Sell or Hold Applied Digital Stock Post Q2 earnings?
APLD
Published: January 12, 2026 by: Zacks Investment Research
Sentiment: Positive

APLD shares spike after Q2 revenues soar 250%, underscoring strong execution while leaving questions around valuation and losses.

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image for news Should you Buy, Sell or Hold Applied Digital Stock Post Q2 earnings?
Applied Digital: Blowout Q2 Earnings Should Not Mislead Us
APLD
Published: January 12, 2026 by: Seeking Alpha
Sentiment: Negative

Applied Digital Corporation delivered nearly 250% YoY revenue growth in Q2, driven by robust HPC hosting expansion, but remains unprofitable with negative EPS. Despite a strong $2.3 billion cash position, APLD faces high ongoing capex needs and will likely continue burning cash through FY2027. Significant equity dilution is inevitable as APLD must fund aggressive AI infrastructure buildout amid intense competition from larger peers.

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image for news Applied Digital: Blowout Q2 Earnings Should Not Mislead Us
Why Applied Digital Stock Surged 18% On Friday
APLD
Published: January 12, 2026 by: Forbes
Sentiment: Positive

Applied Digital jumped nearly 18% on January 9, 2026, closing at $37.68, following the announcement of a remarkable 250% year-over-year revenue growth in its fiscal Q2 earnings. This movement was marked by aggressive purchasing and considerable volume, indicating a substantial change in investor sentiment.

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image for news Why Applied Digital Stock Surged 18% On Friday
Applied Digital's Q2 Is A Sign Of Things To Come
APLD
Published: January 08, 2026 by: Seeking Alpha
Sentiment: Positive

Applied Digital Corporation maintains a Buy rating as fundamentals strengthen, and the growth outlook brightens, despite recent stock volatility. APLD delivered 250% YoY revenue growth in FY2026 Q2, crushing expectations by over $45 million, driven by Polaris Forge 1's operational ramp. Major capacity expansions at Polaris Forge 1 and 2, with multi-year, multi-billion-dollar contracts, positions Applied Digital for sustained explosive growth.

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image for news Applied Digital's Q2 Is A Sign Of Things To Come
Applied Digital Reignites Momentum After a Blowout Quarter
APLD
Published: January 08, 2026 by: MarketBeat
Sentiment: Positive

Applied Digital NASDAQ: APLD is a poster child for AI-driven demand for infrastructure and the GPU-as-a-Service industry. Though uncertainty clouded its price action in 2025, it's well-positioned to benefit from the intense demand for AI infrastructure and services.

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image for news Applied Digital Reignites Momentum After a Blowout Quarter
Applied Digital's Q2 Earnings Miss Estimates, Revenues Rise Y/Y
APLD
Published: January 08, 2026 by: Zacks Investment Research
Sentiment: Neutral

APLD's fiscal Q2 revenues surge 250% on HPC tenant fit-outs at Polaris Forge 1, but higher costs pushed earnings below estimates.

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image for news Applied Digital's Q2 Earnings Miss Estimates, Revenues Rise Y/Y
Applied Digital Q2: Will CoreWeave Drive 40% Revenue Growth?
APLD, CRWV
Published: January 07, 2026 by: Benzinga
Sentiment: Positive

Applied Digital Corp. (NASDAQ: APLD) is scheduled to report its fiscal second-quarter 2026 financial results on Wednesday after the closing bell.

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image for news Applied Digital Q2: Will CoreWeave Drive 40% Revenue Growth?
Can APLD's AI Infrastructure Momentum Drive Revenue Growth in 2026?
APLD
Published: January 06, 2026 by: Zacks Investment Research
Sentiment: Positive

With hyperscaler demand rising and Polaris Forge 1 online, APLD's 2026 revenue outlook hinges on flawless execution.

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image for news Can APLD's AI Infrastructure Momentum Drive Revenue Growth in 2026?
Inside APLD's AI pivot: How the 2026-2027 Lease Ramp Aid the Stock
APLD
Published: January 05, 2026 by: Zacks Investment Research
Sentiment: Neutral

Applied Digital is scaling high-performance compute hosting with $16B in long-term leases and 700 MW under construction.

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image for news Inside APLD's AI pivot: How the 2026-2027 Lease Ramp Aid the Stock
Applied Digital Stock Moves Higher on Spin-Off Buzz
APLD
Published: December 30, 2025 by: Schaeffers Research
Sentiment: Positive

Applied Digital Corp (NASDAQ:APLD) announced plans to spin off its cloud business, combining with Ekso Bionics (EKSO) to create "ChronoScale.

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image for news Applied Digital Stock Moves Higher on Spin-Off Buzz
Applied Digital And The EKSO Transaction: Buy This Clear Story
APLD
Published: December 30, 2025 by: Seeking Alpha
Sentiment: Positive

Applied Digital Corporation is moving from a mixed and hard-to-value structure into two focused businesses with clearer roles, funding paths and investor bases. The cloud separation creates a pure AI infrastructure vehicle while allowing the parent to remain a stable, contract-driven infrastructure operator. The APLD transaction reshapes the valuation logic by separating stable cash flow assets from higher growth but higher risk computing assets.

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image for news Applied Digital And The EKSO Transaction: Buy This Clear Story
Why Applied Digital Stock Fell On Friday?
APLD
Published: December 29, 2025 by: Forbes
Sentiment: Negative

Applied Digital (APLD) a company that develops and operates high-power data center infrastructure for AI and advanced computing workloads, experienced a decline of 6.5% on Friday following reports of a power outage at its AI data center campus in Ellendale, North Dakota. The drop was significant on elevated, though thin holiday trading volume, indicating a reaction driven by headlines.

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image for news Why Applied Digital Stock Fell On Friday?
Can Applied Digital's Polaris Forge2 Drive the Next Leg of Growth?
APLD
Published: December 22, 2025 by: Zacks Investment Research
Sentiment: Positive

Polaris Forge 2 can anchor APLD's next growth chapter as liquid-cooled AI data centre demand continues to surge.

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image for news Can Applied Digital's Polaris Forge2 Drive the Next Leg of Growth?
Why Applied Digital Stock Soared 16.5% on Friday
APLD
Published: December 19, 2025 by: The Motley Fool
Sentiment: Positive

Micron's blockbuster earnings report helped set off a rally in the AI market. Applied Digital announced on Thursday that it has secured new funding from a key financing partner.

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image for news Why Applied Digital Stock Soared 16.5% on Friday
APLD vs. DELL: Which AI Infrastructure Stock Has More Upside?
APLD, DELL
Published: December 19, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD and Dell both serve hyperscalers, but their contrasting AI infrastructure strategies could shape who benefits most from rising demand.

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image for news APLD vs. DELL: Which AI Infrastructure Stock Has More Upside?
How Bad Can Things Get For Applied Digital Stock?
APLD
Published: December 16, 2025 by: Forbes
Sentiment: Negative

Applied Digital (APLD) shares have decreased by 17.5% in a single day. This recent decline highlights renewed worries about elevated valuations in AI infrastructure and profit-taking following a significant rally, but sharp declines like this often bring forth a more challenging inquiry: is the weakness fleeting, or does it point to more profound issues in the narrative?

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image for news How Bad Can Things Get For Applied Digital Stock?
Reasons to Buy These 2 AI Stocks Offering Triple-Digit Returns in 2025
APLD, LITE
Published: December 16, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD and LITE have surged over 200% in 2025, but multi-year hyperscaler leases and booming AI data center demand point to further growth.

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image for news Reasons to Buy These 2 AI Stocks Offering Triple-Digit Returns in 2025
Is Applied Digital Stock Still a Buy After 141% Surge in 6 Months?
APLD
Published: December 15, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD's 141% surge is fueled by $11B in contracted leases, rising AI data center demand and growing revenue visibility from Polaris Forge.

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image for news Is Applied Digital Stock Still a Buy After 141% Surge in 6 Months?
APLD Stock Soars 272% in a Year: Will the Momentum Continue?
APLD
Published: December 09, 2025 by: Zacks Investment Research
Sentiment: Positive

Applied Digital shares soar 272% in a year, but lumpy earnings, valuation risks and tenant exposure cloud near-term gains.

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image for news APLD Stock Soars 272% in a Year: Will the Momentum Continue?
Liquid Cooling and 12-14-Month Build: Durable Bets for APLD Stock?
APLD
Published: December 08, 2025 by: Zacks Investment Research
Sentiment: Neutral

Applied Digital leans into liquid cooling, compressed build cycles and a fully leased Ellendale campus as hyperscaler AI demand tightens power and timing.

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image for news Liquid Cooling and 12-14-Month Build: Durable Bets for APLD Stock?
APLD's AI Pivot Explained: What the 2025-2027 Ramp Means for the Stock
APLD
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Neutral

Applied Digital's pivot to AI data centers, with $16B in long-term leases, signals a shift from crypto fit-out to recurring rent.

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image for news APLD's AI Pivot Explained: What the 2025-2027 Ramp Means for the Stock
Applied Digital Is Showing All The Right Signs With Its Liquid Cooling Investments
APLD
Published: December 05, 2025 by: Seeking Alpha
Sentiment: Positive

Applied Digital Corporation energized the first 100MW building at Polaris Forge 1, advancing toward its 400MW campus goal. APLD invested $25 million in Corintis to access advanced chip-level liquid cooling, targeting efficiency gains for AI data centers. Corintis technology could enable denser AI racks and support next-gen GPUs, with pilot deployment expected by late 2026 or early 2027.

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image for news Applied Digital Is Showing All The Right Signs With Its Liquid Cooling Investments
Will APLD's AI Infrastructure Push Set Up Long-Term Revenue Growth?
APLD
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Positive

Applied Digital's AI-focused data center build-out gains traction as new capacity comes online, setting the stage for potential long-term revenue growth.

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image for news Will APLD's AI Infrastructure Push Set Up Long-Term Revenue Growth?
3 Stocks to Buy for the Evolution of AI Infrastructure
APLD, IREN, VRT
Published: November 28, 2025 by: MarketBeat
Sentiment: Positive

The evolution of artificial intelligence (AI) is tied to physical infrastructure. Every breakthrough in AI models, training speeds, and inference workloads requires massive amounts of power, cooling, and compute capacity.

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image for news 3 Stocks to Buy for the Evolution of AI Infrastructure
10 AI Stocks I'd Buy Right Now
AMD, APLD, ASML, GOOG, GOOGL, IREN, NBIS, NVDA, NVTS, SOUN
Published: November 27, 2025 by: The Motley Fool
Sentiment: Negative

The recent artificial intelligence (AI) sell-off has created attractive entry points in names ranging from chipmakers to data center operators. Infrastructure plays like CoreWeave and Nebius have pulled back sharply despite locking in tens of billions in hyperscaler contracts.

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image for news 10 AI Stocks I'd Buy Right Now
5 Stocks to Buy Before Santa Claus Comes to Town
AMD, APLD, AVGO, MP, ONDS
Published: November 26, 2025 by: MarketBeat
Sentiment: Neutral

November was a challenging month for stocks, as macroeconomic concerns and concerns about an AI bubble weighed on prices. Most S&P 500 NYSEARCA: SPY stocks moved lower, but there is good news.

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image for news 5 Stocks to Buy Before Santa Claus Comes to Town
Will Applied Digital's Second Campus Unlock the Next Leg of Growth?
APLD
Published: November 21, 2025 by: Zacks Investment Research
Sentiment: Positive

APLD's new Polaris Forge 2 campus targets gigawatt-scale AI infrastructure as rising demand meets development constraints.

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image for news Will Applied Digital's Second Campus Unlock the Next Leg of Growth?

About Applied Digital Corporation (APLD)

  • IPO Date 2022-04-13
  • Website https://applieddigital.com
  • Industry Information Technology Services
  • CEO Wesley Cummins
  • Employees 150

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.