Applied Digital Corp (APLD) Stock Price, News, Analysis

Technical Score (1D)

BUY

News Sentiment

BULLISH

Applied Digital Corp (APLD) reported a significant 139% year-over-year revenue increase to $126.6 million in its fiscal third quarter, primarily driven by its data center hosting business which delivered $14 million in operating profit. This strong performance was further bolstered by the initial earnings from its direct-to-chip liquid-cooled facilities and a substantial private offering secured for AI factory development. The company's Bitcoin mining capacity also contributed positively, generating $14 million in operating profit, and adjusted net income turned positive at $33.2 million. This recent financial strength and strategic capital raise for AI factory development are critical as analysts maintain strong conviction in APLD's AI infrastructure positioning, with the street-high price target implying over 200% upside potential. The optimism is rooted in the surging demand for data center capacity to support the ongoing AI buildout, a trend also being capitalized on by competitors like IREN. Investors should watch for APLD's continued execution on its AI factory development and the securing of hyperscaler contracts, which are key growth drivers in this rapidly expanding market. The company's ability to scale its HPC hosting platform will be crucial in meeting the projected 23.8% CAGR in AI compute infrastructure demand.

Market Data

APLD Stock Snapshot

Applied Digital Corp · Technology · applieddigital.com

Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting 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 has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.

APLD is currently trading at $30.70, giving Applied Digital Corp a market cap of 9.01B. Today's range spans $30.26–$30.88, with shares opening at $30.80 and moving down $0.78 (2.5%) from the prior close. DailyIQ's technical score sits at 68/100 (BUY) with a news sentiment reading of 72/100.

Over the past year APLD has traded between $3.31 and $42.27 - the current price is +827.5% off the 52-week low and -27.4% from the high. 21 analysts cover the stock with a Buy consensus and a mean 12-month target of $50.09 (range $36.00–$97.00), implying upside of +63.2%.

APLD scores 68/100 (BUY) and sits at $30.70 - in the upper portion of its 52-week range in its $3.31–$42.27 annual range. Sentiment reads bullish at 72/100. At 9.01B in Technology market cap, the float dynamics here mean that a handful of institutional buyers can create meaningful price appreciation - the kind of move that mega-cap names simply can't replicate on a percentage basis.

APLD|EarningsApplied Digital Corp

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.

Earnings | EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$-0.21	$-0.36	-71.4%
Q1'25	$-0.10	$-0.08	+22.0%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$78M	$127M	+61.4%
Q1'25	-	$53M	-

Technical Score (1D)

BUY

News Sentiment

BULLISH

Market Data

APLD Stock Snapshot

Applied Digital Corp · Technology · applieddigital.com

News Sentiment Analysis

Sentiment gathered from recent headlines

72/100

Strong NegativeNeutralStrong Positive

BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

Applied Digital (APLD) is strategically positioned to benefit from the surging demand for AI infrastructure, operating a business model focused on designing, building, and leasing data center capacity. The company's recent strong earnings performance underscores its success in this high-growth sector. A key client, CoreWeave, utilizes APLD's facilities to provide AI computing services to major tech firms, highlighting the critical role APLD plays in the AI value chain. The company is actively developing multiple data centers specifically for AI workloads.

What did this article say?

Applied Digital (APLD) is highlighted as a key player in the rapidly expanding AI infrastructure sector, noted for its substantial growth rates. The company operates within the 'neocloud' space, specifically focusing on providing dedicated AI computing power to clients. This strategic positioning places APLD alongside other high-growth entities in a market driven by AI development.

What did this article say?

Applied Digital (APLD) is attracting investor attention due to its strong revenue and multi-year AI data center contracts, despite ongoing losses and capital requirements. The company's strategic focus on hyperscale AI infrastructure, bolstered by long-term leases and recent financing, marks a shift from its crypto hosting origins. Recent earnings and developments with CoreWeave have occurred amidst significant share price volatility, with a notable decline in the last 90 days.

What did this article say?

An analyst has projected significant upside for APLD, forecasting a potential 66% increase from current levels. This outlook follows a substantial rally of over 5x in the past year, driven by the company's positioning within the artificial intelligence sector. Investors are watching for continued execution on growth initiatives.

What did this article say?

Applied Digital Corp (APLD) reported a significant 139% year-over-year revenue increase to $126.6 million in its fiscal third quarter, driven by its data center hosting business and the initial earnings from its direct-to-chip liquid-cooled facilities. The company's Bitcoin mining capacity generated $14 million in operating profit, while a substantial private offering was secured for AI factory development. Adjusted net income turned positive at $33.2 million, signaling improving financial performance.

What did this article say?

Wall Street analysts maintain a highly bullish outlook on Applied Digital (APLD), viewing it as a key player in AI infrastructure despite execution and capital intensity risks. The Street-high price target of $99 suggests expectations for substantial growth, driven by anticipated scaling of its HPC hosting platform and securing hyperscaler contracts. This optimism is rooted in the surging demand for data center capacity to support the ongoing AI buildout.

What did this article say?

This article compares Applied Digital (APLD) with IREN Limited, both prominent players in the AI data center infrastructure market. Both companies are positioned to benefit from the projected 23.8% CAGR in AI compute infrastructure demand. The comparison focuses on their fundamentals, growth trajectories, market challenges, and valuations to assess investment appeal. IREN is expanding its AI cloud capacity to 150,000 GPUs, aiming for over $3.7 billion in AI cloud ARR by 2026.

What did this article say?

Applied Digital (APLD) reported first-quarter revenue significantly exceeding analyst expectations, driven by early investments in AI-focused data centers and increased lease revenue. Despite strong operational performance and adjusted EBITDA beats, the company posted a GAAP EPS miss and a widening operating margin loss. Management highlighted the initial phase of its infrastructure build-out, signaling substantial future growth potential from its high-performance computing and crypto data center segments.

What did this article say?

Applied Digital has amended its lease agreements with CoreWeave for its North Dakota data centers. These changes involve shifting certain leases to a CoreWeave subsidiary and introducing enhanced credit support, including a guarantee and a $50 million letter of credit. Management indicates these adjustments are beneficial for holders of its 9.250% notes due 2030, signaling a move towards stronger financial backing for these agreements.

What did this article say?

Applied Digital (APLD) experienced a notable stock price increase following a recent quarterly earnings report that significantly surpassed expectations. Despite a prior day's decline, investor sentiment shifted, buoyed by an analyst reiterating a buy recommendation and maintaining a $40 price target. The company's performance in the AI data center sector, marked by substantial year-over-year sales growth and a return to profitability, underpins this positive outlook.

APLD|EarningsApplied Digital Corp

Earnings Summary

Earnings | EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$-0.21	$-0.36	-71.4%
Q1'25	$-0.10	$-0.08	+22.0%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$78M	$127M	+61.4%
Q1'25	-	$53M	-

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

APLD·Applied Digital Corp

APLD Stock Snapshot

Earnings | EPS

Revenue

APLD·Applied Digital Corp

APLD Stock Snapshot

News Sentiment Analysis

Recent News Coverage

Earnings | EPS

Revenue

News Sentiment Analysis

Recent News Coverage