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Apr 8, 2026 4:40 PM

Applied Digital Delivers Strong Q3 Results, Sees 'Clear Acceleration' In AI Data Center Demand

Applied Digital Corp (NASDAQ:APLD) reported financial results for the third quarter of fiscal 2026 after the market close on Wednesday. Here’s a look at the key details from the print.

Applied Digital shares are trending after earnings. What’s driving APLD stock?

Applied Digital Q3 Highlights

Applied Digital posted third-quarter revenue of $126.6 million, beating analyst estimates of $76.56 million, according to Benzinga Pro. The digital infrastructure provider reported adjusted earnings of nine cents per share for the quarter, beating estimates for a loss of 10 cents per share.

Total revenue was up 139% on a year-over-year basis, primarily driven by growth in the company’s HPC hosting business combined with performance improvements in other segments.

“We now operate one of the only ...