Applied Digital is executing an aggressive hyperscale datacenter build-out, with revenue reaching $341.9M in 2027Q1 on 183.7% TTM growth tied to lumpy facility energizations rather than smooth organic expansion, and total assets scaling 15x from $762.9M to $11.7B over ten quarters.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue scaled to $341.9M in 2027Q1 (183.7% TTM growth), but gross margin compressed to 15.3% from 42.5% two quarters prior as COGS rose to $289.6M, and SBC of $66.5M exceeded the $52.3M of gross profit, leaving operating losses of -$62.4M despite sequential SG&A declines.
The company's strategic shift towards AI-focused initiatives has been a key driver of its stock appreciation.
Applied Digital's rapid expansion of high-performance computing infrastructure supports scalable growth in AI and data services.
With a $35 consensus price target and high conviction from analysts, the company is viewed favorably on Wall Street.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 7, 2026 | -$0.01+96.6% vs -$0.30 | $342M+194.0% vs $116M |
Q3 2026 Jul 27, 2026 | -$0.39-242.1% vs -$0.11 | $259M+167.2% vs $97M |
Q2 2026 Apr 8, 2026 | -$0.36-260.0% vs -$0.10 | $127M+67.7% vs $76M |
Q1 2026 Jan 7, 2026 | -$0.11-22.2% vs -$0.09 | $127M+48.3% vs $85M |
The AI data center selloff has hit builders and chip renters alike, and Applied Digital (NASDAQ:APLD) sits near the center of it. Applied Digital stock is down 39% over the past month to $15.48 in afternoon trading.
Applied Digital Corporation (APLD) reported earnings 30 days ago. What's next for the stock?
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Benchmark APLD against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Applied Digital Corp. (APLD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $15.55 | $4.44B | -9.81 | 167.45% | -54.15% | -15.32% | 0.15% | |
| $0.73 | $256.77M | -0.88 | -32.54% | -5.61% | -38.19% | 0.04% | |
| $6.55 | $2.68B | -2.66 | 25.29% | — | -155.51% | — | |
| $21.64 | $7.72B | -6.39 | 32.2% | -236.17% | -37.31% | — | |
| $11.76 | $3.78B | -50.04 | -37.53% | -18.62% | — | — | |
| $52.65 | $5.93B | -16.31 | 54.64% | -427.29% | -24.5% | — |
Applied Digital Corp. (APLD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Applied Digital Corp. (APLD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 7, 2026·SEC
Jul 27, 2026·SEC
Jun 26, 2026·SEC
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Applied Digital Corp. (APLD) stock FAQ — growth, dividends, profitability & financials explained
Applied Digital Corp. (APLD) reported $853.8M in revenue over the trailing twelve months. Revenue was $611.3M in fiscal year 2026. That is 124649% more than the $0.5M of fiscal year 2002.
Applied Digital Corp. (APLD) grew revenue by 267.9% over the trailing twelve months, compared with the twelve months before.
No. Applied Digital Corp. (APLD) reported a net loss of $462.4M over the trailing twelve months.
Yes. Applied Digital Corp. (APLD) pays a dividend that yields 0.15% at the current price, a small yield.
Applied Digital Corp. (APLD) had a return on equity (ROE) of -15.3% over the trailing twelve months. A negative ROE means the company lost money over the period.
Applied Digital Corp. (APLD) had negative free cash flow of $4.46B over the trailing twelve months.
