APLD

Applied Digital delivered Q4 earnings and revenue above expectations, reinforcing its position as a key AI infrastructure beneficiary. APLD's gross margin is expanding due to a shift toward higher-margin data center lease revenues and the full operation of its Polaris Forge campus. The company boasts a contracted backlog of $35.7B, potentially rising to $85.7B with lease extensions, supporting long-term growth visibility.

APLD, ASX and BIDU have been added to the Zacks Rank #5 (Strong Sell) List on August 13, 2026.

Applied Digital's 101% rally faces mounting risks from heavy capital needs, high debt, competition, weaker earnings estimates and an expensive valuation.

Shares of former Bitcoin (CRYPTO:BTC) miners pivoting into AI data center and high performance computing hosting have taken a heavy hit over the past month.

Applied Digital delivered a strong 4Q26, with $258.7M in revenue and $0.04 in non-GAAP EPS, both beating consensus estimates. APLD has secured $36B in contracted lease value, up 125% YoY, anchored by investment-grade hyperscalers, de-risking future multi-decade cash flows. Power availability is now the key growth constraint; APLD's strategy to secure new natural gas generation underpins its long-term expansion and strategic moat.

APLD's fiscal Q4 revenues jump 407% on HPC growth and tenant fit-out services, even as a wider loss misses estimates. See what fueled the quarter.

Applied Digital is scaling contracted AI capacity, securing lower-cost financing and targeting a $1 billion annual NOI run rate within one year.

Applied Digital Corp (NASDAQ:APLD) reported fourth-quarter revenue of $258.7 million, up 407% from a year earlier, as the company accelerates its shift into a pure-play AI infrastructure developer. The company posted adjusted earnings of $0.04 per share for the quarter, compared with analyst estimates of a loss of $0.22 per share.

Applied Digital Corporation (APLD) Q4 2026 Earnings Call Transcript

DALLAS, July 27, 2026 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the Company"), a U.S.-based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (“HPC”) workloads, including artificial intelligence (“AI”), machine learning, and other accelerated-compute applications, reported financial results for the fiscal fourth quarter ended May 31, 2026. The Company also provided operational updates.