Applied Digital Reports Fiscal First Quarter 2027 Results
Key Highlights
- ➤Revenue $341.9 million, up 322% year over year
- ➤Net loss $221.0 million, or $0.76 per share
- ➤Leases cover 1.41 GW and approximately $36 billion contracted revenue
- ➤Closed $1.59 billion of 7.000% senior secured notes due 2031
- ➤ChronoScale announced a 50 MW Microsoft AI compute deployment
Expert Statements
Wes Cummins, Chairman and Chief Executive Officer of Applied Digital
“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 of Applied Digital
“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 of Applied Digital
“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 of Applied Digital
“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.”
DALLAS, Oct. 07, 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 first quarter ended August 31, 2026.
ChronoScale Holdings Corporation ("ChronoScale"), the Company’s majority-owned accelerated-compute platform, is a public company which owns and operates our historic cloud services business and its results are consolidated into our financial statements, but excluded in the non-GAAP financial measures set forth below. Unless otherwise specified, disclosures in this earnings release, including the below, reflect continuing operations only.
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