Applied Digital posts top-line beat in Q1 amid data center growth

Investing.com -- Applied Digital Corp (NASDAQ: APLD) reported first quarter fiscal 2027 results that exceeded analyst expectations, with adjusted revenue reaching $300.4 million compared to the consensus estimate of $111.19 million. The company posted an adjusted loss of -$0.01 per share, beating the analyst estimate of -$0.27 per share. Shares rose 1.9% in after hours trading following the announcement and after closing the regular session 6.04% lower.

Total revenue for the quarter ended August 31, 2026 was $341.9 million, up 322% YoY from $80.9 million in the prior year period. The revenue surge was driven primarily by $183.5 million in tenant fit-out services and $65.8 million in base rent from the company’s HPC Hosting Business, which commenced rental operations in the second quarter of fiscal 2026.

"Our goal is to establish Applied Digital as the category leader in the design, construction, deployment, and operation of purpose-built AI factories," said Wes Cummins, Chairman and Chief Executive Officer. "We are building for the long term, with a clear focus on developing large-scale, sustainable AI factory campuses and securing durable, high-quality, long-term contracts with proven, tier-one, investment grade hyperscalers that are leaders in the AI industry."

The company delivered the second 75 MW phase of Building 2 at Polaris Forge 1 on October 1, 2026, bringing total live capacity at the campus to 250 MW. Applied Digital now has leases for approximately 1.41 GW of critical IT load across five campuses, representing approximately $36 billion of contracted revenue over initial base terms.

Adjusted EBITDA for the quarter was $64.4 million compared to $0.5 million in the prior year period. The company reported a GAAP net loss attributable to common stockholders of $221.0 million, or -$0.76 per share, compared to a net loss of $18.5 million, or -$0.07 per share, in the year-ago quarter.

Original Article

You May Also Be Interested In

• Applied Digital (APLD) Tops Q1 EPS by 26c, Beats on Revenue
• Stocks expected to have increasing option volume: APLD LEVI NG TLRY UAA US
• MicroVision stock tumbles on reiterated 2026 guidance