Applied Digital Corp.: Beat — EPS -$0.01, Revenue $341.88M
Earnings BeatQ1 2027 · After-market
@trystockwhiz
Did Applied Digital Corp. (APLD) beat earnings today?
Yes, Applied Digital Corp. (APLD) beat Wall Street analyst expectations for Q1 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+96.67% surprise
-$0.01Actual
Expected: -$0.30
vs. year ago +66.7%
Total Revenue+174.44% surprise
$341.88MActual
Expected: $124.57M
vs. year ago +322.4%
Released Oct 07 · 4:27 PM ET
Earning Report
| Metric | Q1 2027 | Q1 2026 | YoY Change % |
|---|---|---|---|
| Revenue | $341.88M | $80.93M | +322.0 |
| └─Services revenue | $262.75M | $80.93M | +225.0 |
| └─Data center rental | $79.12M | - | - |
| └─HPC Hosting | $262.60M | - | - |
| └─Data Center Hosting | $37.80M | $37.90M | -0.3 |
| GAAP Basic/Diluted EPS | -$0.82 | -$0.07 | - |
| Adj. Diluted EPS | -$0.01 | -$0.03 | - |
| Net Loss | ($221.03M) | ($18.50M) | - |
Business Highlights
- ➤Signed a 210 MW, 15-year Delta Forge 2 lease with a tier-one hyperscaler.
- ➤Delivered Phase 1 of Building 2 at Polaris Forge 1, adding 75 MW.
- ➤Closed $1.59B of 7.000% senior secured notes to fund Polaris Forge 1 construction.
- ➤ChronoScale announced a 50 MW Microsoft AI compute deployment using NVIDIA GB300 NVL72 systems.
- ➤Delivered the second 75 MW Building 2 phase, bringing Polaris Forge 1 live capacity to 250 MW.
- ➤Secured up to approximately 1 GW of potential power capacity in Finland.
- ➤Signed a power purchase agreement with Base Electron for a planned North Dakota generation facility.
- ➤Polaris Forge 1 received Project of the Year recognition from the Mid-America Economic Development Council.
- ➤Applied Digital Cares committed $350,000 across five Oliver County organizations.
- ➤Operated Jamestown and Ellendale data-center hosting facilities at full capacity.
- ➤Holds leases across five campuses spanning Polaris Forge and Delta Forge locations.
- ➤Polaris Forge 1's use of excess grid capacity returned more than $45M in electricity credits to local ratepayers.
Management Commentary
Wes Cummins, Chairman and Chief Executive Officer
“Our goal is to establish Applied Digital as the category leader in the design, construction, deployment, and operation of purpose-built AI factories,”
Wes Cummins, Chairman and Chief Executive Officer
“We are building for the long term, with a clear focus on developing large-scale, sustainable AI factory campuses and securing durable, high-quality, long-term contracts with proven, tier-one, investment grade hyperscalers that are leaders in the AI industry.”
Wes Cummins, Chairman and Chief Executive Officer
“As new data center development becomes more difficult in certain markets, we believe the scarcity value of established, powered, and community-supported campuses increases,”
Wes Cummins, Chairman and Chief Executive Officer
“Put simply, we view every new restriction elsewhere as making what we already own harder to replicate. Our approach has always been simple: do it the right way. We don’t just build in communities. We build with them.”