Applied Digital FY2026 EPS Lowered by Northland Securities

Applied Digital Corporation (NASDAQ:APLD) – Analysts at Northland Securities decreased their FY2026 earnings per share (EPS) estimates for Applied Digital in a research report issued on Thursday, April 9th. Northland Securities analyst M. Grondahl now anticipates that the company will post earnings per share of ($0.56) for the year, down from their prior estimate of ($0.28). The consensus estimate for Applied Digital’s current full-year earnings is ($0.96) per share.

Applied Digital (NASDAQ:APLD) last announced its earnings results on Wednesday, April 8th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.23). The firm had revenue of $108.55 million for the quarter, compared to the consensus estimate of $78.47 million. Applied Digital had a negative return on equity of 15.91% and a negative net margin of 52.84%.Applied Digital’s revenue for the quarter was up 139.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) EPS.

A number of other research firms have also commented on APLD. Wall Street Zen lowered Applied Digital from a “hold” rating to a “sell” rating in a research note on Saturday. Needham & Company LLC reaffirmed a “buy” rating and issued a $41.00 price target on shares of Applied Digital in a research note on Thursday, January 8th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of Applied Digital in a research note on Thursday, April 9th. Citigroup reaffirmed an “outperform” rating on shares of Applied Digital in a research note on Wednesday, January 28th. Finally, Zacks Research downgraded Applied Digital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.78.

Applied Digital Price Performance

Applied Digital stock opened at $31.46 on Tuesday. The stock’s fifty day moving average price is $28.63 and its two-hundred day moving average price is $29.64. Applied Digital has a one year low of $3.31 and a one year high of $42.27. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market cap of $8.99 billion, a PE ratio of -42.51 and a beta of 7.25.

Insider Buying and Selling

In related news, Director Chuck Hastings sold 45,987 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $38.57, for a total transaction of $1,773,718.59. Following the sale, the director owned 388,372 shares in the company, valued at $14,979,508.04. The trade was a 10.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Wes Cummins sold 165,000 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $36.42, for a total value of $6,009,300.00. Following the sale, the chief executive officer owned 4,176,329 shares in the company, valued at $152,101,902.18. This represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 222,987 shares of company stock worth $8,208,419 in the last 90 days. Insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Applied Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Applied Digital by 36.4% during the 4th quarter. Vanguard Group Inc. now owns 24,168,082 shares of the company’s stock worth $592,601,000 after acquiring an additional 6,445,908 shares during the last quarter. Situational Awareness LP grew its position in shares of Applied Digital by 87.0% in the 4th quarter. Situational Awareness LP now owns 11,339,060 shares of the company’s stock valued at $278,034,000 after buying an additional 5,274,905 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Applied Digital by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 6,285,820 shares of the company’s stock valued at $154,151,000 after buying an additional 304,228 shares during the last quarter. Value Aligned Research Advisors LLC bought a new stake in shares of Applied Digital in the 4th quarter valued at about $138,380,000. Finally, BNP Paribas Financial Markets grew its position in shares of Applied Digital by 24,356.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock valued at $52,561,000 after buying an additional 5,198,223 shares during the last quarter. Institutional investors own 65.67% of the company’s stock.

More Applied Digital News

Here are the key news stories impacting Applied Digital this week:

• Positive Sentiment: Market momentum from a big AI-infrastructure deal (Bloom Energy + Oracle) sparked buying in AI/data-center related names, helping Applied Digital benefit from sector-level bid for capacity providers. Why Applied Digital (APLD) Stock Is Up Today
• Positive Sentiment: Rising GPU prices and tight supply point to stronger demand for GPU-as-a-Service providers — a direct tailwind for Applied Digital’s data-center/GPU hosting revenue prospects. GPU Prices Are Surging—3 Ways to Play the AI Chip Shortage (APLD)
• Positive Sentiment: HC Wainwright raised FY2027 EPS expectations materially (to ~$0.69) and models several profitable quarters in 2027, suggesting analysts see a path to meaningful margin recovery — supportive for investor sentiment. Applied Digital (APLD) — MarketBeat coverage
• Neutral Sentiment: Consensus and analyst activity remains mixed: some firms issued “moderate buy” recommendations while others trimmed near-term estimates — consensus still expects FY2026 to be negative, so positive 2027 outlooks are offset by short-term uncertainty. Applied Digital Corporation Receives Average Recommendation of “Moderate Buy”
• Negative Sentiment: High customer concentration and dependence on a small set of tenants increases revenue volatility and reduces visibility — a material risk if any large customer reduces demand. APLD’s Customer Concentration Remains Elevated: Is Growth at Risk?
• Negative Sentiment: Operational losses and rising costs persist despite strong revenue growth; several analysts cut near-term (FY2026/Q4 2026) estimates, underscoring near-term profitability risks even as 2027 projections improve. APLD’s Losses Continue Despite Growth Push: Hold or Fold the stock?

About Applied Digital

Applied Digital (NASDAQ: APLD) is a technology company specializing in the development and operation of large-scale digital infrastructure and sustainable Bitcoin mining solutions. Through its integrated platform, the company designs, builds and manages turnkey data center facilities while also providing comprehensive hosting services for cloud, colocation and enterprise computing needs. Applied Digital’s modular approach to facility design enables rapid deployment of capacity and streamlined integration of power, cooling and network connectivity.

In addition to its data center business, Applied Digital operates a network of Bitcoin mining sites that leverage vertically integrated capabilities, including hardware procurement, mining farm engineering, energy management and real-time performance monitoring.