DailyIQ
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Sector:TechnologyAll sectors
Last updated 84 days ago

APLD·APLD

$.
+. (+.%)
Pre-Market
High
$33.57
Open
$32.90
Market Cap
9.18B
52W High
$42.27
Low
$32.63
P. Close
$33.15
P/E
-
52W Low
$4.20
Fwd P/E
-32.20
DailyIQ Est.
$71.01
Technical Score (1D)
86
BUY
News Sentiment
61
BULLISH
Applied Digital (APLD) has secured a significant long-term deal with a hyperscaler for its AI data center capacity. This development underscores the growing demand for AI infrastructure and APLD's capability to meet this demand. The AI data center sector is poised for sustained growth, with hyperscalers actively seeking capacity. Investors will be watching for further announcements regarding customer acquisition and capacity expansion as the company capitalizes on this trend.
Earnings Summary
Applied Digital Corporation, formerly Applied Blockchain, Inc., is a North American company specializing in digital infrastructure solutions for the high-performance computing (HPC) and artificial intelligence (AI) industries. Operating through its Data Center Hosting and HPC Hosting businesses, the company provides infrastructure services for crypto mining and GPU computing solutions essential for AI and machine learning workloads. Based in Dallas, Texas, Applied Digital is strategically positioned within the rapidly expanding technology sector, focusing on the design, construction, and management of data centers to support these demanding applications. In its most recent reported quarter, Q1 2025, Applied Digital posted revenue of $52.92 million, though specific EPS data was not provided for comparison against estimates. The prior reported quarter, Q3 2026, showed a significant revenue of $126.64 million against an EPS estimate of -$0.21 and an actual EPS of -$0.36, indicating a substantial revenue beat but an EPS miss. This suggests a pattern of strong top-line growth, but with potential challenges in managing profitability relative to analyst expectations. Analyzing historical performance, the company's revenue trajectory appears to be on an upward trend, as evidenced by the substantial increase from Q1 2025 to Q3 2026. While specific historical EPS beats or misses against estimates are not fully detailed for a long-term streak analysis, the Q3 2026 results highlight a significant revenue achievement alongside an EPS shortfall. Investors should monitor whether this pattern of robust revenue growth continues to outpace the company's ability to meet EPS targets. Recent news indicates Applied Digital is preparing for its Q4 earnings report, with analysts forecasting a net loss of $0.17 per share and revenues around $77.11 million. A significant development is the amended data center lease with CoreWeave, which includes a $50 million letter of credit, though a substantial portion of contracted lease revenue is tied to CoreWeave, presenting counterparty risk. The company is also undertaking a significant debt-funded AI data center expansion, with $5 billion in debt following a recent $2.15 billion notes deal. Looking ahead, investors will be closely watching Applied Digital's ability to execute its ambitious AI data center expansion plans and manage the concentration risk associated with its primary tenant, CoreWeave. Key will be the company's progress in securing new long-term leases and demonstrating operational efficiency to service its increased debt load. The company's strategic use of cost-effective power in North Dakota and its exploration of accelerated power generation solutions will also be crucial factors to monitor in upcoming reports.

EPS

EstBeatMiss
$-0.40$-0.31$-0.22$-0.13$-0.04Q1'25Q3'26
QtrEstActual+/−
Q3'26$-0.21$-0.36-71.4%
Q1'25$-0.10$-0.08+22.0%

Revenue

EstBeatMiss
$42M$66M$90M$114M$138MQ1'25Q3'26
QtrEstActual+/−
Q3'26$78M$127M+61.4%
Q1'25 - $53M -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

APLD Stock Snapshot

APLD is currently trading at $33.53, giving APLD a market cap of 9.18B. Today's range spans $32.63–$33.57, with shares opening at $32.90 and moving up $0.38 (1.1%) from the prior close. DailyIQ's technical score sits at 86/100 (BUY) with a news sentiment reading of 61/100.

Over the past year APLD has traded between $4.20 and $42.27 - the current price is +698.3% off the 52-week low and -20.7% from the high. 21 analysts cover the stock with a Buy consensus and a mean 12-month target of $53.91 (range $40.00–$97.00), implying upside of +60.8%.

Discovery is a key element of the APLD setup - at 9.18B in Technology market cap, a BUY technical read (86/100) with bullish sentiment (61/100) is the point where research-driven buy-side investors begin to build initial positions before the name enters mainstream screens. Price: $33.53 (in the upper portion of its 52-week range). Annual range: $4.20–$42.27. The discovery phase in small-cap names is where the largest asymmetric returns are generated - and the current setup is in that zone.

News sentiment (61/100, bullish) plays a larger role in small-cap price discovery than in mega-cap names, because the analyst coverage base is narrower and each incremental news item carries more weight in the information set. For APLD — 9.18B in Technology market cap, technical score 86/100 (BUY), price $33.53 (in the upper portion of its 52-week range) — a sustained improvement in the news backdrop could accelerate the bullish technical thesis toward the upper end of the $4.20–$42.27 range faster than fundamental models would suggest.

Recent News Coverage

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