Applied Digital (APLD) Expected to Announce Earnings on Wednesday

Key Points

• Applied Digital (NASDAQ:APLD) will report Q2 2026 results after the close on Wednesday, January 7 at 5:00 PM ET, with analysts forecasting ($0.10) EPS and about $82.22 million in revenue.
• The company announced plans to spin out its cloud business and combine it with Ekso Bionics to form ChronoScale, a proposed AI/GPU‑accelerated compute platform that could unlock value but remains subject to definitive agreements and approvals.
• The stock is highly volatile (12‑month range $3.31–$40.20, beta 6.94); insiders have sold roughly 328,035 shares (~$11.4M) in the past three months, yet analysts are largely bullish with an average price target of $27 and some targets as high as $45.

Applied Digital (NASDAQ:APLD - Get Free Report) is projected to issue its Q2 2026 results after the market closes on Wednesday, January 7th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $82.2190 million for the quarter. Individuals may visit the the company's upcoming Q2 2026 earning results page for the latest details on the call scheduled for Wednesday, January 7, 2026 at 5:00 PM ET.

Applied Digital (NASDAQ:APLD - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.08. The firm had revenue of $64.22 million for the quarter, compared to analysts' expectations of $52.25 million. Applied Digital had a negative return on equity of 37.14% and a negative net margin of 111.29%.The business's quarterly revenue was up 84.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.15) EPS. On average, analysts expect Applied Digital to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Applied Digital Trading Down 2.8%

Applied Digital stock opened at $24.12 on Wednesday. Applied Digital has a 12-month low of $3.31 and a 12-month high of $40.20. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of -21.35 and a beta of 6.94. The firm has a 50 day moving average of $27.98 and a 200 day moving average of $20.84. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.29.

Insider Buying and Selling at Applied Digital

In related news, Director Ella G. Benson sold 42,569 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $35.30, for a total transaction of $1,502,685.70. Following the completion of the transaction, the director directly owned 69,256 shares of the company's stock, valued at approximately $2,444,736.80. This represents a 38.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rachel H. Lee sold 24,213 shares of the firm's stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $33.20, for a total value of $803,871.60. Following the transaction, the director owned 59,400 shares of the company's stock, valued at $1,972,080. This represents a 28.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 328,035 shares of company stock worth $11,376,479. Insiders own 9.50% of the company's stock.

Institutional Investors Weigh In On Applied Digital

Several large investors have recently bought and sold shares of APLD. Larson Financial Group LLC raised its stake in Applied Digital by 56,450.0% during the third quarter. Larson Financial Group LLC now owns 1,131 shares of the company's stock valued at $26,000 after purchasing an additional 1,129 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Applied Digital in the 2nd quarter worth about $26,000. Newbridge Financial Services Group Inc. raised its position in shares of Applied Digital by 40.0% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the company's stock valued at $80,000 after buying an additional 1,000 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Applied Digital by 113.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,667 shares of the company's stock valued at $37,000 after acquiring an additional 3,542 shares during the last quarter. Finally, Amundi bought a new position in shares of Applied Digital in the 3rd quarter valued at about $166,000. Institutional investors own 65.67% of the company's stock.

Key Stores Impacting Applied Digital

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

• Positive Sentiment: Analysts reaffirmed bullish ratings with sizable price targets: Northland Securities reiterated an "outperform" and a $40 target, and Lake Street Capital kept a "buy" with a $45 target — both imply large upside from the current price. Read More.
• Positive Sentiment: Applied Digital announced plans to spin out its cloud business and combine it with Ekso Bionics to form "ChronoScale," a focused AI/GPU-accelerated compute platform — a strategic move to create a pure-play cloud/AI asset that could unlock value. Read More.
• Positive Sentiment: Market coverage and headlines show immediate positive market reaction to the spinoff news, with multiple outlets noting intraday gains tied to the ChronoScale announcement. Read More.
• Neutral Sentiment: The proposed combination with EKSO is currently governed by a non‑binding term sheet and remains subject to definitive agreements, regulatory approvals and closing conditions — timing and final economics are uncertain. Read More.
• Neutral Sentiment: Company fundamentals and market structure add volatility risk: APLD has a high beta and wide trading range (52-week low $3.31 / high $40.20), so news-driven swings are common and can amplify short-term moves. (Background market data)
• Negative Sentiment: Separately, coverage explaining recent declines highlights investor concerns that can pressure sentiment — for example, a Forbes piece examines why the stock fell on Friday, which may have carried over into recent trading. Read More.

Analyst Upgrades and Downgrades

APLD has been the subject of a number of recent analyst reports. HC Wainwright upped their price target on shares of Applied Digital from $20.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. Compass Point initiated coverage on shares of Applied Digital in a research note on Monday, September 15th. They set a "buy" rating on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $41.00 target price on shares of Applied Digital in a report on Wednesday, October 29th. Craig Hallum increased their price target on Applied Digital to $39.00 and gave the stock a "buy" rating in a research note on Thursday, October 23rd. Finally, Citigroup reissued an "outperform" rating on shares of Applied Digital in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $27.00.

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.

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