Applied Digital (APLD) Expected to Announce Quarterly Earnings on Wednesday

Applied Digital (NASDAQ:APLD) is projected to announce its Q3 2026 results after the market closes on Wednesday, April 8th. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $78.4740 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q3 2026 earning report page for the latest details on the call scheduled for Wednesday, April 8, 2026 at 5:00 PM ET.

Applied Digital Stock Performance

Shares of APLD opened at $23.74 on Wednesday. The business has a 50-day simple moving average of $30.76 and a two-hundred day simple moving average of $29.31. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 1.79. Applied Digital has a 52 week low of $3.31 and a 52 week high of $42.27. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of -43.96 and a beta of 7.20.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Arete Research initiated coverage on Applied Digital in a research note on Wednesday, January 7th. They set a “buy” rating for the company. Texas Capital raised shares of Applied Digital to a “strong-buy” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Applied Digital from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Roth Mkm reissued a “buy” rating on shares of Applied Digital in a research note on Tuesday, February 17th. Finally, Citigroup restated an “outperform” rating on shares of Applied Digital in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Applied Digital currently has an average rating of “Buy” and a consensus target price of $37.00.

Insiders Place Their Bets

In related news, Director Richard N. Nottenburg sold 12,000 shares of Applied Digital stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $35.45, for a total transaction of $425,400.00. Following the sale, the director 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas S. Miller sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $38.54, for a total value of $385,400.00. Following the completion of the transaction, the director owned 200,859 shares of the company’s stock, valued at $7,741,105.86. The trade was a 4.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 244,593 shares of company stock worth $9,003,278 over the last quarter. Company insiders own 9.50% of the company’s stock.

Hedge Funds Weigh In On Applied Digital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Situational Awareness LP increased its holdings in Applied Digital by 63.3% in the 2nd quarter. Situational Awareness LP now owns 6,591,800 shares of the company’s stock valued at $66,379,000 after acquiring an additional 2,556,200 shares during the last quarter. Value Aligned Research Advisors LLC bought a new position in shares of Applied Digital during the 4th quarter valued at about $138,380,000. BNP Paribas Financial Markets grew 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 valued at $52,561,000 after purchasing an additional 5,198,223 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Applied Digital by 104.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,209,702 shares of the company’s stock valued at $103,222,000 after purchasing an additional 2,154,213 shares in the last quarter. Finally, Marex Group plc increased its holdings in shares of Applied Digital by 38,484.6% in the fourth quarter. Marex Group plc now owns 3,904,759 shares of the company’s stock worth $95,745,000 after purchasing an additional 3,894,639 shares during the last quarter. Institutional investors own 65.67% of the company’s 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.