Applied Digital Corporation (APLD)

US — Technology Sector
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News

Applied Digital: A Winner In The AI CapEx Boom
APLD
Published: April 10, 2026 by: Seeking Alpha
Sentiment: Positive

Applied Digital delivered a strong Q3'26, beating top and bottom line estimates amid rapid Data Center expansion. APLD's 139% Y/Y revenue growth is driven by hyperscaler AI infrastructure demand, but operating losses and debt have surged due to aggressive CapEx. With 700 MWs of IT load under construction, APLD is positioned to benefit from secular Data Center CapEx growth, despite its high 12.1X forward P/S.

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image for news Applied Digital: A Winner In The AI CapEx Boom
Applied Digital Moves Closer To A Buy Post Q3 Results
APLD
Published: April 10, 2026 by: Seeking Alpha
Sentiment: Positive

Applied Digital remains a hold as recurring lease revenue scales and financing conditions improve, but equity returns and dilution risks persist. Q3 FY2026 results confirm a transition to higher-quality, recurring revenue, with ~$44m of $71m HPC segment revenue now from base rent tied to long-term leases. Financing conditions have improved with new debt at 6.75% and strengthened CoreWeave lease structures, but total debt remains high at $2.7-2.8b.

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image for news Applied Digital Moves Closer To A Buy Post Q3 Results
Applied Digital Q3 Results: Revenue Soars But Operating Loss Widens
APLD
Published: April 10, 2026 by: Seeking Alpha
Sentiment: Positive

Applied Digital is scaling AI and blockchain data centers, targeting hyperscale clients with long-term leases and aggressive capacity expansion. APLD has secured $16B in aggregate rental revenue via five long-term leases and is marketing over 4 GW of accessible power. Financial health is improving with nearly $2B in cash, but operating losses are widening, and profitability is not expected before 2028.

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image for news Applied Digital Q3 Results: Revenue Soars But Operating Loss Widens
Applied Digital Stock Rises After Earnings Beat, AI Demand Update
APLD
Published: April 10, 2026 by: Benzinga
Sentiment: Positive

Applied Digital this week posted fiscal third-quarter revenue of $126.6 million versus a $76.56 million estimate and delivered adjusted EPS of nine cents versus expectations for a loss of 10 cents.

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image for news Applied Digital Stock Rises After Earnings Beat, AI Demand Update
Applied Digital Q3 Loss Wider Than Expected, Revenues Rise Y/Y
APLD
Published: April 09, 2026 by: Zacks Investment Research
Sentiment: Negative

APLD posts a wider Q3 loss, but revenues soar 139% on HPC growth and data center demand, as massive hyperscaler deals signal long-term expansion potential.

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image for news Applied Digital Q3 Loss Wider Than Expected, Revenues Rise Y/Y
Applied Digital Stock Slides on Q3 Net Loss
APLD
Published: April 09, 2026 by: Schaeffers Research
Sentiment: Negative

Shares of Applied Digital Corp (NASDAQ:APLD) are plunging 6% to trade at $26.13 this morning, brushing off a revenue beat after it suffered a wider-than-expected fiscal third-quarter net loss.

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image for news Applied Digital Stock Slides on Q3 Net Loss
Applied Digital earnings preview: Is APLD stock a buy now?
APLD
Published: April 08, 2026 by: Invezz
Sentiment: Neutral

Applied Digital (NASDAQ: APLD) is pushing higher on April 8th as investors position themselves ahead of the company's Q3 earnings, due after the closing bell. The high-performance computing (HPC) infrastructure firm enters this print at a critical juncture; while APLD stock was a massive winner last year, it's faced a volatile 2026, currently down about 1% year-to-date.

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image for news Applied Digital earnings preview: Is APLD stock a buy now?
Applied Digital Set to Report Q3 Earnings: Hold or Fold the Stock?
APLD
Published: April 07, 2026 by: Zacks Investment Research
Sentiment: Negative

APLD heads into fiscal Q3 with rising cost pressures, debt burden and execution challenges, as margin strain weighs on its outlook.

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image for news Applied Digital Set to Report Q3 Earnings: Hold or Fold the Stock?
Applied Digital Stock Jumps As CoreWeave Lease Deal Locks In Massive Credit Support
APLD, CRWV
Published: April 01, 2026 by: Benzinga
Sentiment: Positive

The company previously reported that its subsidiary, Applied Digital ELN-02 LLC, entered into a data center lease with CoreWeave on May 28, 2025. On March 30, 2026, the company and CoreWeave amended that lease to suspend the term for two of the four data halls.

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image for news Applied Digital Stock Jumps As CoreWeave Lease Deal Locks In Massive Credit Support
Will Applied Digital Corporation (APLD) Report Negative Earnings Next Week? What You Should Know
APLD
Published: April 01, 2026 by: Zacks Investment Research
Sentiment: Negative

Applied Digital Corporation (APLD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Will Applied Digital Corporation (APLD) Report Negative Earnings Next Week? What You Should Know
Looking Ahead To Applied Digital's Q3 Earnings: Is The $2.4B Power Build Worth It?
APLD
Published: March 31, 2026 by: Seeking Alpha
Sentiment: Positive

Applied Digital (APLD) is building a high-margin, REIT-like AI infrastructure platform, securing long-term hyperscaler leases and multi-gigawatt power capacity. APLD's recent $2.4B power project and $2.15B Polaris Forge 2 financing de-risk expansion, ensuring reliable energy and capital for scalable growth. Revenue multiples are extremely elevated, with market expectations hinging on 50%+ annual growth, flawless execution, and additional hyperscaler contracts.

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image for news Looking Ahead To Applied Digital's Q3 Earnings: Is The $2.4B Power Build Worth It?
Can Applied Digital Get Out From Under Its Debt Overhang?
APLD
Published: March 27, 2026 by: 24/7 Wall Street
Sentiment: Neutral

Applied Digital (NASDAQ:APLD) reports fiscal third-quarter 2026 results on April 8, 2026, after the close.

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image for news Can Applied Digital Get Out From Under Its Debt Overhang?
APLD's Energy Strategy Addresses Power Limits: Can it Drive Growth?
APLD
Published: March 25, 2026 by: Zacks Investment Research
Sentiment: Neutral

Applied Digital advances on-site power and cooling solutions to tackle AI energy constraints, aiming to accelerate campus capacity and sustain rising compute demand.

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image for news APLD's Energy Strategy Addresses Power Limits: Can it Drive Growth?
DELL vs. APLD: Which AI Infrastructure Stock Has Better Potential?
APLD, DELL
Published: March 20, 2026 by: Zacks Investment Research
Sentiment: Positive

Dell Technologies and Applied Digital ride the AI infrastructure boom - one offers scale and profitability; the other pursues growth with higher financial risk.

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image for news DELL vs. APLD: Which AI Infrastructure Stock Has Better Potential?
16 Stocks That Are Short Squeeze Candidates
APLD, ASTS, SCCO
Published: February 26, 2026 by: Schaeffers Research
Sentiment: Neutral

The last thing investors are thinking about right now -- as Wall Street wrestles with AI disruption -- is a short squeeze.

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image for news 16 Stocks That Are Short Squeeze Candidates
Neocloud Contagion: CoreWeave Financing Woes Drag Down Nebius, Applied Digital
APLD, CRWV, NBIS
Published: February 20, 2026 by: Benzinga
Sentiment: Negative

The sell-off was ignited by a Business Insider report suggesting a major financing friction point for CoreWeave's ambitious infrastructure expansion.

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image for news Neocloud Contagion: CoreWeave Financing Woes Drag Down Nebius, Applied Digital
APLD vs. VRT: Which Data Center Infrastructure Stock is a Better Buy?
APLD, VRT
Published: February 18, 2026 by: Zacks Investment Research
Sentiment: Neutral

Applied Digital's multi-megawatt AI lease pipeline squares off against Vertiv's end-to-end power and cooling stack in a high-stakes data center race.

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image for news APLD vs. VRT: Which Data Center Infrastructure Stock is a Better Buy?
APLD's Energy Strategy is Evolving: Can it Drive Further Upside?
APLD
Published: February 13, 2026 by: Zacks Investment Research
Sentiment: Positive

Applied Digital ramps up on-site power and advanced cooling to ease AI bottlenecks, aiming to speed campus energisation and boost compute density.

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image for news APLD's Energy Strategy is Evolving: Can it Drive Further Upside?
APLD Trades Near 52-Week High: Should You Buy, Sell or Hold the Stock?
APLD
Published: February 10, 2026 by: Zacks Investment Research
Sentiment: Positive

Applied Digital's powerful rally is backed by long-term leases and liquidity strength, but the stock now trades at a sharp premium.

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image for news APLD Trades Near 52-Week High: Should You Buy, Sell or Hold the Stock?
Is APLD Stock A Buy After Its Recent Surge?
APLD
Published: February 09, 2026 by: Forbes
Sentiment: Positive

Applied Digital (NASDAQ: APLD) is a digital infrastructure firm specializing in the design, construction, and operation of AI-first data centers and high-performance computing (HPC) facilities. On Friday, February 6, 2026, APLD stock skyrocketed over 25% after the revelation of $50 million in senior secured financing allocated for the construction of the Polaris Forge 2 data center.

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image for news Is APLD Stock A Buy After Its Recent Surge?
AI Data Center Stock May Not Be Down for Long
APLD
Published: February 05, 2026 by: Schaeffers Research
Sentiment: Neutral

The shares of AI data center giant Applied Digital Corp (NASDAQ:APLD) are down 8.3% to trade at $28.91 at last check, a dismal outlook from semiconductor giant Qualcomm (QCOM) and increased AI spending at Alphabet (GOOGL) spooking traders.

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image for news AI Data Center Stock May Not Be Down for Long
Applied Digital: Can The Ride Last?
APLD
Published: February 03, 2026 by: Seeking Alpha
Sentiment: Positive

Applied Digital delivered Q2 '26 results exceeding expectations, with revenue up 250% YoY and losses narrowing, reinforcing my Buy rating. APLD's valuation remains elevated at 28x forward sales, driven by AI sector momentum and long-term hyperscaler contracts, but speculative elements persist. Expansion is accelerating with the Delta Forge 1 campus, targeting 900 MW total capacity and aiming for $1B in NOI by 2031, supported by ample liquidity.

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image for news Applied Digital: Can The Ride Last?
5 Stocks to Buy in February: Last Year's Winners Aren't Done Yet
AMD, AMPX, APLD, BE, CRDO
Published: January 29, 2026 by: MarketBeat
Sentiment: Positive

2026 is well underway and off to a bullish start. The S&P 500 and other major indices are ending January at record highs, and the Russell 2000 INDEXRUSSELL: RUT, which tracks small-cap stocks, is leading the charge.

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image for news 5 Stocks to Buy in February: Last Year's Winners Aren't Done Yet
How APLD Stock Stacks Up Against Its Peers?
APLD
Published: January 28, 2026 by: Forbes
Sentiment: Neutral

Applied Digital (APLD) stock has greatly surpassed its competitors over the last year. However, a closer examination of this data center and cryptocurrency infrastructure company indicates substantial revenue growth but ongoing unprofitability, marked by severely negative operating and free cash flow margins.

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image for news How APLD Stock Stacks Up Against Its Peers?
Why Applied Digital Surged After Nvidia Bet $2 Billion on CoreWeave
APLD
Published: January 28, 2026 by: 24/7 Wall Street
Sentiment: Positive

Applied Digital ( NASDAQ:APLD ) has posted strong gains in 2026, rising nearly 68% year-to-date.

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image for news Why Applied Digital Surged After Nvidia Bet $2 Billion on CoreWeave
Applied Digital: AI Infrastructure Play At A Sensitive Juncture
APLD
Published: January 22, 2026 by: Seeking Alpha
Sentiment: Positive

Applied Digital is a rapidly growing AI data center operator with a strong North American footprint and growing hyperscaler partnerships. The company's infrastructure logistics strategy leverages low-cost siting, reliable power and climate advantages to attract potential customers. Major contracts include $16 billion in prospective lease revenue from 600 megawatts of capacity, with robust financial backing and proactive debt management.

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image for news Applied Digital: AI Infrastructure Play At A Sensitive Juncture
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?

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.