About Applied Digital Corporation - Common Stock (APLD)
Applied Digital Corp is a technology company that specializes in providing innovative solutions in the fields of cloud computing and digital infrastructure. The company focuses on delivering high-performance, scalable, and secure solutions for businesses, enabling them to leverage advanced technologies for their operations. With a commitment to fostering the growth of digital transformation, Applied Digital Corp offers a range of services, including data center management and support, which cater to the needs of various industries. Their mission is to empower organizations with the tools and resources necessary to thrive in a rapidly evolving digital landscape. Read More
Applied Digital’s Q4 revenue jumped 41% year-on-year to $38 million, beating the analysts’ consensus estimate of $37.12 million, as per Fiscal AI data.
Shares of digital infrastructure provider Applied Digital (NASDAQ:APLD) jumped 36% in the afternoon session after it posted fourth-quarter earnings that surpassed analyst estimates and announced a massive long-term leasing agreement with AI infrastructure company CoreWeave. The company reported an adjusted loss of $0.03 per share, which easily surpassed analyst estimates for a loss of around $0.15 per share. The key driver for the rally, however, was a transformative 15-year, 400-megawatt leasing deal with AI infrastructure firm CoreWeave. This massive agreement secured approximately $11 billion in future contracted revenue, signaling a stable and significant income stream for years to come. In response to the strong results and the landmark deal, Wall Street analysts reacted positively, with firms like Needham and HC Wainwright & Co. raising their price targets on the stock.
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Applied Digital reported fourth-quarter revenue of $38.01 million, missing analyst estimates of $40.84 million, according to Benzinga Pro. The company reported an adjusted loss of 3 cents per share, beating estimates for a loss of 15 cents per share.
Digital infrastructure provider Applied Digital (NASDAQ:APLD) met Wall Street’s revenue expectations in Q2 CY2025, but sales fell by 13% year on year to $38.01 million. Its non-GAAP loss of $0.03 per share was 81.5% above analysts’ consensus estimates.
