FY2026 EPS Estimates for Applied Digital Reduced by Analyst

Applied Digital Corporation (NASDAQ:APLD) – Analysts at HC Wainwright cut their FY2026 earnings per share (EPS) estimates for Applied Digital in a research note issued on Thursday, April 9th. HC Wainwright analyst K. Dede now forecasts that the company will earn ($0.65) per share for the year, down from their previous forecast of ($0.27). The consensus estimate for Applied Digital’s current full-year earnings is ($0.96) per share. HC Wainwright also issued estimates for Applied Digital’s Q4 2026 earnings at ($0.11) EPS, Q1 2027 earnings at $0.12 EPS, Q2 2027 earnings at $0.19 EPS, Q3 2027 earnings at $0.19 EPS, Q4 2027 earnings at $0.19 EPS and FY2027 earnings at $0.69 EPS.

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

Several other equities analysts have also issued reports on APLD. Citigroup reaffirmed an “outperform” rating on shares of Applied Digital in a report on Wednesday, January 28th. Northland Securities set a $56.00 target price on Applied Digital in a report on Wednesday, January 28th. Zacks Research lowered Applied Digital from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. Wall Street Zen lowered Applied Digital from a “hold” rating to a “sell” rating in a report on Saturday. Finally, B. Riley Financial increased their price objective on Applied Digital to $53.00 and gave the company a “buy” rating in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.78.

Applied Digital Stock Performance

APLD stock opened at $31.46 on Tuesday. The firm has a market cap of $8.99 billion, a PE ratio of -42.51 and a beta of 7.25. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.65. The business has a 50 day moving average of $28.63 and a 200-day moving average of $29.64. Applied Digital has a 12-month low of $3.31 and a 12-month high of $42.27.

Institutional Investors Weigh In On Applied Digital

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Applied Digital by 36.4% during the fourth 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 in the last quarter. Situational Awareness LP lifted its position in shares of Applied Digital by 87.0% during the fourth quarter. Situational Awareness LP now owns 11,339,060 shares of the company’s stock worth $278,034,000 after acquiring an additional 5,274,905 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Applied Digital by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 6,285,820 shares of the company’s stock worth $154,151,000 after acquiring an additional 304,228 shares in the last quarter. Value Aligned Research Advisors LLC purchased a new stake in shares of Applied Digital during the fourth quarter worth $138,380,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Applied Digital by 24,356.8% during the second quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock worth $52,561,000 after acquiring an additional 5,198,223 shares in the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Insider Buying and Selling at Applied Digital

In other Applied Digital news, CEO Wes Cummins sold 165,000 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $36.42, for a total transaction of $6,009,300.00. Following the completion of the transaction, the chief executive officer directly owned 4,176,329 shares of the company’s stock, valued at approximately $152,101,902.18. This represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Nottenburg sold 12,000 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $35.45, for a total value of $425,400.00. Following the transaction, the director directly owned 233,378 shares of the company’s stock, valued at approximately $8,273,250.10. This trade represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 222,987 shares of company stock valued at $8,208,419. Company insiders own 9.50% of the company’s stock.

Applied Digital News Roundup

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?

Applied Digital Company Profile

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.