Companies /Technology

Applied Digital Corporation

NASDAQ: APLD Information Technology Services
$17.81
▲ $1.59 (+9.80%) today
Markets closed · 7:19am ET

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Earnings Beat +96.7% EPS vs. the estimate, revenue, and how the market reacted. APLD earnings history →

APLD at a Glance

Valuation
Market cap
$4.9B
Profitability
Revenue (TTM)
$872.3M
Profit margin
-53.0%
EPS (TTM)
$-1.62
Price
52-week range
$16 – $51
Street target
$60.94
Earnings
Next report
Jan 5, 2027
Q1 2027 EPS
$-0.01
vs. $-0.30 est.
+96.7%

Headquartered in Dallas, TX Fiscal year ends May NASDAQ: APLD applieddigital.com

About Applied Digital

Applied Digital Corporation (Nasdaq: APLD) designs, develops, owns, and operates large-scale, purpose-built data centers engineered to support high-performance computing (HPC) workloads, including artificial intelligence, machine learning, and other accelerated-compute applications. The company operates through two core segments: HPC Hosting, which designs, builds, and operates AI Factory data centers leased to hyperscale customers including CoreWeave and tier-one investment-grade hyperscalers under long-term contracts; and Data Center Hosting, which provides energized space to crypto mining customers. As of August 31, 2026, the company has approximately 1.41 GW of leased critical IT load across five campuses — Polaris Forge 1, 2, and 3 in North Dakota, Delta Forge 1 in Louisiana, and Delta Forge 2 in Alabama — representing approximately $36 billion of contracted revenue over initial base terms. Applied Digital also holds an approximately 96% ownership stake in ChronoScale Holdings Corporation (Nasdaq: CHRN), a publicly traded accelerated-compute platform, and an approximately 10% equity interest in Base Electron Corp., an independent power producer developing front-of-the-meter generation capacity in the Dakotas. The company combines hyperscale expertise, closed-loop cooling, and rapid deployment capabilities to deliver secure, scalable compute infrastructure. Updated

Latest Activity

Biggest movers · At the close
Gainers
  • CIFRCipher Digital$8.07+17.7%
  • FNFabrinet$359.88+14.6%
  • MARAMARA$7.16+11.3%
  • IRENIREN$24.42+10.9%
  • APLDApplied Digital$17.79+9.7%
Losers
  • SHOPShopify$143.21-8.3%
  • FIGFigma$21.03-5.2%
  • APOApollo Global Management$114.16-4.5%
  • DUOLDuolingo$129.21-4.5%
  • EXPEExpedia$286.34-4.2%

Four of Monday's five biggest gainers were bitcoin miners and data center names, led by Cipher Digital's 17.7% close. Shopify ran the other way with an 8.3% drop, the session's sharpest decline across 381 priority stocks.

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Biggest movers · At the close
Gainers
  • NVTSNavitas Semiconductor$9.34+11.1%
  • ALABAstera Labs$286.14+10.3%
  • APLDApplied Digital$19.52+9.5%
  • CIFRCipher Digital$8.44+9.4%
  • AMSCAmerican Superconductor$27.65+8.9%
Losers
  • BABoeing Company$168.07-10.8%
  • VLOValero Energy$386.59-9.4%
  • MPCMarathon Petroleum$435.28-7.5%
  • PSXPhillips 66$267.77-7.3%
  • WELLWelltower$227.34-5.5%

Boeing's 10.75% drop to $168.07 was the heaviest close in a 382-name priority list, with three big refiners right behind it. On the other side, Navitas led the gainers at +11.13%.

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Biggest movers · On the open
Gainers
  • RCLRoyal Caribbean Cruises$301.81+7.6%
  • BEBloom Energy$215.26+5.6%
  • ACHRArcher Aviation$4.15+5.3%
  • APLDApplied Digital$18.6+4.3%
  • SMRNuScale Power$5.5+4.3%
Losers
  • HSBCHSBC$85.31-6.5%
  • MRNAModerna$187.97-5.5%
  • GLWCorning$122.08-4.4%
  • NTESNetEase$113.76-3.9%
  • SHWSherwin-Williams Company$324.4-3.2%

Royal Caribbean is the standout at the open, up 7.56% to $301.81 and leading a 381-stock priority list. HSBC anchors the other end at -6.47%, a 14-point spread between the day's best and worst names.

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APLDApplied Digital
New 52-week low$17.83-1.2% vs prior low · 2026-10-16

Applied Digital marked a fresh 52-week low at $17.83, 1.22% under the floor it set just ten days ago. That is less than half the June peak near $48, with the market cap now down to $5.4 billion.

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Biggest movers · At the close
Gainers
  • SMCISuper Micro Computer$35.58+9.6%
  • APLDApplied Digital$20.93+8.3%
  • ZSZscaler$231.55+7.9%
  • SPCXSpaceX$159.48+7.9%
  • MSTRStrategy$153.53+7.6%
Losers
  • TAT&T$22-6.1%
  • OPENOpendoor Technologies$1.95-5.6%
  • NFLXNetflix$65.12-5.2%
  • EXPEExpedia$286.61-4.7%
  • CAVACava$55.14-4.0%

Nearly 16 points separated the best and worst close across a 390-name watchlist, with Super Micro Computer up 9.56% to $35.58 and AT&T down 6.08% to $22. AI infrastructure and crypto-linked names took the top spots; communications and consumer took the hits.

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Biggest movers · At the close
Gainers
  • APLDApplied Digital$19.3+6.9%
  • SNDKSanDisk$1,375.53+5.9%
  • WDCWestern Digital$351.5+5.9%
  • DDOGDatadog$260.75+5.5%
  • SKHYSK hynix$143.44+5.1%
Losers
  • SESea$88.75-5.3%
  • HONAHoneywell Aerospace$162.57-3.3%
  • HDBHDFC Bank$23.1-3.1%
  • OPENOpendoor Technologies$2.05-3.1%
  • CEGConstellation Energy$263.36-3.0%

Applied Digital closed up 6.93%, the widest gain in a 385-name priority universe, with Sea at the other end down 5.35%.

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Biggest movers · On the open
Gainers
  • GPROGoPro$1.16+10.3%
  • MRNAModerna$235.83+8.2%
  • SNDKSanDisk$1,382.56+6.4%
  • DDOGDatadog$261.02+5.6%
  • APLDApplied Digital$19.07+5.6%
Losers
  • HDBHDFC Bank$23.02-3.4%
  • SESea$90.77-3.2%
  • BCSBarclays$22.33-2.0%
  • NFLXNetflix$69.16-1.9%
  • NGGNational Grid$79.65-1.9%

GoPro's 10.3% jump leads the open, with Moderna close behind and the entire downside capped under 3.5%. Across the priority names, the gains are doing all the work this morning.

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Insider buyWes Cummins
Bought Applied Digital Corp.$1M55,803 shares @ $18.04

Wes Cummins put roughly $1.01 million of his own money into Applied Digital stock, the kind of open-market buy executives skip when they think the AI data-center buildout is priced in. His stake now sits at 5.87 million shares as the company pushes into Finland with up to 1 GW of power capacity.

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Insider buyJason Gechen Zhang
Bought Applied Digital Corp.$5.7M300,000 shares @ $18.86

Jason Gechen Zhang put $5.66 million of his own money into Applied Digital stock, lifting his stake past 2.8 million shares just as the market debates whether AI data-center demand is peaking. Open-market insider buying of that size is the rare signal you cannot fake.

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Biggest movers · At the close
Gainers
  • EQNREquinor$46.98+4.6%
  • FANGDiamondback Energy$203.91+4.3%
  • KMIKinder Morgan$34.22+4.3%
  • TRGPTarga Resources$294.22+4.1%
  • NOCNorthrop Grumman$519.75+4.0%
Losers
  • CRWVCoreWeave$61.12-12.3%
  • APLDApplied Digital$17.95-11.9%
  • IRENIREN$26.95-11.3%
  • CIFRCipher Digital$8.95-10.9%
  • DOCNDigitalOcean$98.17-10.3%

Every one of the five worst names at Friday's close was an AI data center or cloud stock, led by CoreWeave's 12.3% drop. The entire winners' list came from energy and defense.

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APLD Coverage

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Frequently Asked Questions

What does Applied Digital do?

Applied Digital Corporation (Nasdaq: APLD) designs, develops, owns, and operates large-scale, purpose-built data centers engineered to support high-performance computing (HPC) workloads, including artificial intelligence, machine learning, and other accelerated-compute applications.

What is the APLD stock price target?

The Wall Street consensus 12-month price target for APLD is $60.94.