Revenue Nearly Doubles Year-Over-Year
Revenue surged 139.3% YoY to $126.6M in Q3 FY2026 from $52.9M in the prior-year period, reflecting significant business expansion likely tied to data center and HPC infrastructure buildout.
Applied Digital Corp. is expected to release its Q2 2026 10-Q filing on October 7, 2026. Last quarter: APLD delivered 139.3% revenue growth in Q3 FY2026 to $126.6M, but operating losses widened sharply to -$85.7M as SG&A surged 250.8%, while the balance sheet expanded dramatically with cash jumping to $1.73B following massive financing activity.
EPS Estimate
$-0.30
Revenue Estimate
$118.14M
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the APLD page.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue surged 139.3% YoY to $126.6M in Q3 FY2026 from $52.9M in the prior-year period, reflecting significant business expansion likely tied to data center and HPC infrastructure buildout.
SG&A expenses jumped 250.8% YoY to $79.7M, far outpacing revenue growth, which pushed operating losses to -$85.7M (a -352.2% deterioration YoY), indicating heavy investment in organizational infrastructure and growth initiatives.
Total assets grew 265.9% YoY to $6.25B, driven by $3.62B in YTD financing cash inflows, which funded a dramatic increase in cash & equivalents from $68.7M to $1.73B — a 2,417% increase — signaling large-scale capital raises.
Revenue
$126.64M
++139.29% YoY
EPS (Basic)
$-0.36
-125.00% YoY
Operating Income
$-85.67M
-352.24% YoY
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