Applied Digital reported a first-quarter revenue of $341.9 million, a 322% increase from the previous year, driven by strong demand for AI data center infrastructure. The company beat analyst expectations significantly, with adjusted earnings per share loss of $0.01 versus an expected $0.27 loss. Applied Digital secured a 15-year lease worth $5.2 billion at its Delta Forge 2 facility and expanded its Polaris Forge 1 campus capacity to 250 megawatts. It also raised $1.59 billion to fund new construction and is exploring European expansion, expecting to reach 300 megawatts capacity in North Dakota by the end of 2026 as AI infrastructure demand grows.
Applied Digital's market cap stands at $7.12 billion as of Oct 08, 2026 20:41 WIB, reflecting significant investor interest following its strong revenue growth and expansion plans. The stock price is $23.57, down 1.03% on the day, with a high trading volume of 44,658,026 shares on Pluang. Order activity is fairly balanced with 52% Buy and 48% Sell, indicating mixed sentiment among investors despite the company's positive earnings report and capacity expansion.
Shares of data center builders Cipher Digital, TeraWulf, and Applied Digital dropped due to rising long-term Treasury yields, which increase the cost of financing their projects. Cipher Digital fell 6%, the largest decline among the group, reflecting...
Applied Digital Corporation is recommended as a buy due to strong demand and a substantial $36 billion contracted backlog. The company is executing over 600 MW of new capacity expected to come online within 12 months, with expansion leases driving hi...
Applied Digital reported a fiscal Q1 2027 earnings per share of -$0.01, beating estimates of -$0.30, with revenue soaring 322% year-over-year to $341.9 million. The company is expanding its AI data center capacity internationally, securing up to 1 gi...
Applied Digital's stock fell 4% ahead of its quarterly earnings report despite announcing its first international power deal in Finland, which could provide up to 1 gigawatt of capacity starting in 2028. The decline also affected rivals IREN and Core...
Applied Digital's stock rose 3% following a new agreement securing access to up to 1 gigawatt of power capacity in Finland, marking its first data center development outside the U.S. This deal positions the company to expand internationally while lim...
