Applied Digital Corporation (APLD)
NASDAQ:APLD
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APLD Stock Chart & Stats
$31.53
-$0.86(-9.13%)
At close: 4:00 PM EST
$31.53
-$0.86(-9.13%)
Day’s Range― - ―
52-Week Range$9.02 - $50.73
Previous CloseN/A
Volume8.15M
Average Volume (3M)24.08M
Market Cap
$13.68B
Enterprise Value$14.61B
Total Cash (Recent Filing)$1.73B
Total Debt (Recent Filing)$2.83B
Price to Earnings (P/E)―
Beta2.95
Next Earnings
Aug 20, 2026EPS Estimate
-0.26Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.75
Shares Outstanding285,769,530
10 Day Avg. Volume23,579,686
30 Day Avg. Volume24,075,197
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)2.17
Price to Sales (P/S)6.38
P/FCF Ratio-1.72
Enterprise Value/Market Cap1.07
Enterprise Value/Revenue41.10
Enterprise Value/Gross Profit151.83
Enterprise Value/Ebitda-370.45
Forecast
1Y Price Target
$63.94Price Target Upside102.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)-0.69
Revenue Forecast (FY)$818.74M
Bulls Say, Bears Say
Bulls Say
Revenue Growth & HPC Hosting MomentumSustained double‑digit top‑line growth driven by HPC hosting indicates structural demand for AI/HPC capacity. As PF1 buildings energize and tenant fit‑outs scale, recurring base rents, power and services should produce a predictable revenue ramp and support operational scale over the next 2–6 months.
Large Contracted Lease Backlog With Quality TenantsA multi‑billion dollar contracted backlog, including long‑dated hyperscaler leases, provides durable revenue visibility and lowers leasing risk. Investment‑grade counterparties reduce counterparty and cash‑flow uncertainty and materially improve funding and underwriting economics for future projects.
Execution On Large Builds And Accessible LiquidityDemonstrated ability to deliver multi‑hundred MW campuses on schedule and secure committed liquidity shows operational and financing capability. Material cash plus committed preferred capital reduce near‑term delivery risk and support staged energizations and customer ramp through execution cycles.
Bears Say
Deep GAAP Losses And Weak MarginsLarge GAAP losses and negative margins constrain internal capital generation and impair return metrics. Until GAAP profitability and margin expansion are sustained, the business will struggle to self‑fund heavy buildouts and may remain dependent on non‑GAAP adjustments to show operational progress.
Elevated Leverage And Debt ConcentrationRapid balance sheet scaling with materially higher leverage raises refinancing, covenant and interest cost risk. High secured project debt concentrates repayment obligations on newly built campuses and reduces financial flexibility if market conditions for project financings or refinancing windows tighten.
Negative Free Cash Flow And Ongoing Financing ReliancePersistently negative free cash flow necessitates continuous external funding for construction and working capital. The company has issued large secured notes and sought preferred equity; sustained FCF deficits elevate execution and dilution risks if capital markets or partner commitments slow.
Applied Digital Corporation News
APLD FAQ
What was Applied Digital Corporation’s price range in the past 12 months?
Applied Digital Corporation lowest stock price was $9.02 and its highest was $50.73 in the past 12 months.
What is Applied Digital Corporation’s market cap?
Applied Digital Corporation’s market cap is $13.68B.
When is Applied Digital Corporation’s upcoming earnings report date?
Applied Digital Corporation’s upcoming earnings report date is Aug 20, 2026 which is in 77 days.
How were Applied Digital Corporation’s earnings last quarter?
Applied Digital Corporation released its earnings results on Apr 08, 2026. The company reported -$0.36 earnings per share for the quarter, missing the consensus estimate of -$0.151 by -$0.209.
Is Applied Digital Corporation overvalued?
According to Wall Street analysts Applied Digital Corporation’s price is currently Undervalued.
Does Applied Digital Corporation pay dividends?
Applied Digital Corporation does not currently pay dividends.
What is Applied Digital Corporation’s EPS estimate?
Applied Digital Corporation’s EPS estimate is -0.26.
How many shares outstanding does Applied Digital Corporation have?
Applied Digital Corporation has 285,769,530 shares outstanding.
What happened to Applied Digital Corporation’s price movement after its last earnings report?
Applied Digital Corporation reported an EPS of -$0.36 in its last earnings report, missing expectations of -$0.151. Following the earnings report the stock price went down -7.988%.
Which hedge fund is a major shareholder of Applied Digital Corporation?
Currently, no hedge funds are holding shares in APLD
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Applied Digital Corporation Stock Smart Score
Outperform
1
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9
10
Analyst Consensus
Strong Buy
Average Price Target:
$63.94 (102.81% Upside)
$63.94 (102.81% Upside)
Blogger Sentiment
Bullish
APLD Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 1.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.2%
Last 30 Days ▲ 3.1%
Last 30 Days ▲ 3.1%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
336.19%
12-Months-Change
Fundamentals
Return on Equity
-15.82%
Trailing 12-Months
Asset Growth
265.88%
Trailing 12-Months
Company Description
Applied Digital Corporation
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions and cloud services high-performance computing (HPC) and artificial intelligence industries in North America. It operates through three segments: Data Center Hosting Business, Cloud Services 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 is based in Dallas, Texas.
APLD Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a constructive operational and growth narrative: very strong sequential revenue growth (139%), positive adjusted EBITDA ($44.1M), significant construction progress on multiple large campuses, improved lease credit support (CoreWeave A3 upgrade), and meaningful liquidity and funding access. Offsetting these positives are a large GAAP net loss ($100.9M), a sizable cloud segment noncash write-down ($59.7M) and elevated SG&A driven by stock-based compensation and one-time professional costs. Management highlights achievable financing paths and solid execution but acknowledges remaining debt placement and regulatory/site timing risks. On balance the call emphasizes strong execution and a clear growth runway, while also disclosing near-term profitability headwinds and financing/approval uncertainties.View all APLD earnings summariesAPLD Stock 12 Month Forecast
Average Price Target
$63.94
▲(102.81% Upside)
Technical Analysis
Digital Realty
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Equinix
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DigitalOcean Holdings
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Ingram Micro Holding Corporation
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CoreWeave
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Ownership Overview
9.20% Insiders
19.37% Mutual Funds
29.92% Other Institutional Investors
25.17% Public Companies and Individual Investors