Explore the latest developments concerning Applied Digital Reports.
Applied Digital Reports Fiscal Fourth Quarter and Full Year 2026 Results
DALLAS, July 27, 2026 (GLOBE NEWSWIRE) — Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the Company"), a U.S.-based designer, developer, owner, and operator of large-scale, purpose-built data centers engineered to support high-performance computing (“HPC”) workloads, including artificial intelligence (“AI”), machine learning, and other accelerated-compute applications, reported financial results for the fiscal fourth quarter ended May 31, 2026. The Company also provided operational updates.
During the quarter, the Company completed the separation of its Cloud Services Business in a series of transactions that resulted in the Company owning approximately 96% of the issued and outstanding equity of ChronoScale Holdings Corporation, f/k/a ChronoScale Corporation ("ChronoScale") as of the end of the fiscal year. ChronoScale, a public company, owns and operates our historic cloud services business and is consolidated into our financial statements, but excluded from the non-GAAP financial measures set forth below. Unless otherwise specified, disclosures in this earnings release, including the below, reflect continuing operations only.
Applied Digital Earnings: What To Look For From APLD
Digital infrastructure provider Applied Digital (NASDAQ:APLD) will be reporting earnings this Monday after market close. Here's what to expect.
Applied Digital beat analysts' revenue expectations last quarter, reporting revenues of $126.6 million, up 139% year on year. It was an incredible quarter for the company, with a beat of analysts' EPS estimates.
Is Applied Digital a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members.
This quarter, the market is expecting Applied Digital's revenue to grow 174% year on year, improving from the 41.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Applied Digital has missed Wall Street's revenue estimates multiple times over the last two years.
2-in-1 Air Conditioner Heater and Fan Combo Timing Wall Mounted Electric Fan and Space Heater Remote Control for Dormitory Home
Applied Digital Stock Climbs on Q4 Double Beat
Total revenue was up 407% on a year-over-year basis. Services revenue came in at $208.2 million, up 308%, and data center revenue totaled $50.6 million.
Applied Digital ended the quarter with approximately $4.2 billion in cash, cash equivalents and restricted cash, and $5 billion of total debt.
“Nearly three years ago, we made a deliberate decision to build a company that scales, not just a company that builds data centers,” said Wes Cummins, chairman and CEO of Applied Digital.
“Combined with our proven supply chain and design approvals from every major hyperscaler, we believe this repeatable, differentiated platform is why we have emerged as one of the clear leaders in AI infrastructure.”
For more detailed information, explore updates concerning Applied Digital Reports.
0 Comments