Applied Digital (NASDAQ:APLD) Issues Quarterly Earnings Results

Applied Digital (NASDAQ:APLD) posted its earnings results on Wednesday. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.22, FiscalAI reports. Applied Digital had a negative return on equity of 13.53% and a negative net margin of 43.49%.The company had revenue of $108.55 million for the quarter, compared to the consensus estimate of $78.47 million.

Applied Digital Stock Up 10.4%

Shares of APLD traded up $2.61 during mid-day trading on Wednesday, hitting $27.79. 36,563,174 shares of the company’s stock were exchanged, compared to its average volume of 26,967,561. The stock’s 50-day moving average is $29.53 and its 200-day moving average is $29.48. The company has a debt-to-equity ratio of 1.79, a quick ratio of 4.82 and a current ratio of 4.82. Applied Digital has a fifty-two week low of $3.31 and a fifty-two week high of $42.27. The company has a market cap of $7.77 billion, a price-to-earnings ratio of -51.46 and a beta of 7.25.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APLD. Roth Mkm reissued a “buy” rating on shares of Applied Digital in a research report on Tuesday, February 17th. Freedom Capital raised shares of Applied Digital to a “strong-buy” rating in a research report on Tuesday, January 6th. Citigroup reaffirmed an “outperform” rating on shares of Applied Digital in a research note on Wednesday, January 28th. Lake Street Capital reiterated a “buy” rating and set a $45.00 price target on shares of Applied Digital in a research report on Tuesday, December 30th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $41.00 price target on shares of Applied Digital in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $37.00.

Insider Buying and Selling at Applied Digital

In related news, Director Chuck Hastings sold 45,987 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $38.57, for a total transaction of $1,773,718.59. Following the sale, the director directly owned 388,372 shares of the company’s stock, valued at $14,979,508.04. This represents a 10.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas S. Miller sold 10,000 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $38.54, for a total transaction of $385,400.00. Following the sale, the director owned 200,859 shares in the company, valued at approximately $7,741,105.86. This trade represents a 4.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 244,593 shares of company stock worth $9,003,278. 9.50% of the stock is currently owned by company insiders.

Institutional Trading of Applied Digital

Several hedge funds have recently modified their holdings of APLD. Federation des caisses Desjardins du Quebec boosted its holdings in Applied Digital by 28.4% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,069 shares of the company’s stock valued at $75,000 after purchasing an additional 678 shares during the period. Truvestments Capital LLC grew its stake in Applied Digital by 26.4% during the 4th quarter. Truvestments Capital LLC now owns 3,476 shares of the company’s stock worth $85,000 after purchasing an additional 726 shares in the last quarter. State of Wyoming increased its holdings in Applied Digital by 37.4% during the 4th quarter. State of Wyoming now owns 3,326 shares of the company’s stock worth $82,000 after purchasing an additional 905 shares during the period. Newbridge Financial Services Group Inc. raised its position in Applied Digital by 40.0% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the company’s stock valued at $80,000 after purchasing an additional 1,000 shares in the last quarter. Finally, McMillan Office Inc. purchased a new position in shares of Applied Digital in the 4th quarter valued at about $25,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.

More Applied Digital News

Here are the key news stories impacting Applied Digital this week:

• Positive Sentiment: Q3 beat: Applied Digital reported $0.09 EPS vs. consensus -$0.13 and revenue of $108.6M vs. ~$78.5M, a clear surprise that underpins the stock rally. Press Release
• Positive Sentiment: Demand tailwinds: Reuters notes the revenue beat was driven by steady enterprise demand for data-center colocation and services supporting generative AI workloads, signaling durable top-line momentum. Applied Digital beats quarterly revenue estimates
• Neutral Sentiment: Operational update & results filing: GlobeNewswire release summarizes the quarter and operational progress on the company’s AI-focused campuses and capacity buildouts—useful for tracking execution and future revenue ramps. Applied Digital Reports Fiscal Third Quarter 2026 Results
• Neutral Sentiment: Pre-earnings positioning and sentiment: previews and analyst pieces flagged Q3 as a binary event and helped position momentum into the print; short/inverse product interest has risen in recent days. Earnings preview
• Negative Sentiment: Margin & profitability concerns: despite the beat, Applied Digital reported a negative net margin (~-43%) and negative ROE; profitability remains weak which keeps valuation fragile. Press Release
• Negative Sentiment: Rising debt & interest costs: multiple analyst pieces warn that rapid expansion and higher interest expense could outpace cash flow, pressuring margins and execution risk on the remaining buildout commitments. Can APLD Navigate Rising Interest Costs?
• Negative Sentiment: Geopolitical & supply risks: coverage flagged supply-chain exposure tied to geopolitical tensions (e.g., Iran war) that could disrupt equipment deliveries and timelines for capacity ramps. Balance Debt Costs

Applied Digital Company Profile

Applied Digital (NASDAQ: APLD) is a technology company specializing in the development and operation of large-scale digital infrastructure and sustainable Bitcoin mining solutions. Through its integrated platform, the company designs, builds and manages turnkey data center facilities while also providing comprehensive hosting services for cloud, colocation and enterprise computing needs. Applied Digital’s modular approach to facility design enables rapid deployment of capacity and streamlined integration of power, cooling and network connectivity.

In addition to its data center business, Applied Digital operates a network of Bitcoin mining sites that leverage vertically integrated capabilities, including hardware procurement, mining farm engineering, energy management and real-time performance monitoring.