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Applied Digital (APLD) delivered exceptional financial results for Q3 FY2026, surpassing market expectations with revenue of $126.6 million, significantly above analyst estimates of $76.56 million. Adjusted earnings per share came in at $0.09, defying predictions of a $0.10 loss. Revenue grew 139% year-over-year, driven by robust performance in the high-performance computing (HPC) hosting segment and other business improvements. The company’s 100 MW direct-to-chip liquid-cooled data center is fully operational, contributing to revenue and meeting increasing demand for AI data center capacity, particularly from hyperscalers. Infrastructure development remains on track, with the ELN-2 facility at Polaris Forge 1 now fully operational and construction underway for Delta Forge 1, expected to begin operations in mid-2027. Applied Digital closed the quarter with $2.1 billion in cash and $2.7 billion in total debt, underscoring its financial stability. The company’s results reflect its ability to deliver AI capacity on time while advancing strategic projects to address growing market demand.
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Recent news for APLD

News in this section is provided by Benzinga and is written entirely by Benzinga authors. Articles are presented as they were provided by Benzinga, and do not represent the opinions of TradeStation or its employees.

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Applied Digital Stock Sinks As AI Infrastructure Fears Spook Investors

Applied Digital Corp (NASDAQ: APLD) shares are sliding Tuesday as AI infrastructure concerns ripple through the broader tech sector.

Phillips 66 To Rally More Than 9%? Here Are 10 Top Analyst Forecasts For Friday

Benzinga analysts changed outlook on top names. For all rating changes, incl upgrades/downgrades, see analyst ratings page. See other analysts' views.

Applied Digital Stock Surges On $7.5B Hyperscaler Lease Deal

Applied Digital shares jump after signing a $7.5 billion, 15-year AI data center lease with a U.S. investment-grade hyperscaler.

About APLD

Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and ... Read more

Ways to trade options* on APLD

Bullish Option Strategy: Long Calls

Traders buy a single call option on a stock or ETF. This strategy can benefit from a price increase while risking more capital than a spread.

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