Applied Digital gains as first-quarter revenue quadruples

Applied Digital

08/10/2026 09:45

  
** Shares of data center provider Applied Digital APLD.O rise 3.57% to $24.66 premarket
** Co's Q1 revenue more than quadrupled to $341.9 million, well above analysts' estimate of $133.8 million
** Brokerage Northland Capital says APLD's revenue and cash flow should rise sharply over the next few years as contracted data center capacity becomes operational and starts generating revenue
** APLD's net loss attributable to common stockholders widened to $221 million, or 76 cents per share, from $18.5 million, or 7 cents per share a year earlier
** The avg rating of 17 analysts covering the stock is "buy" and their median price target of $70.00 implies ~194% upside to current price, per data compiled by LSEG
** Shares are down ~2.9% YTD compared to 18.5% rise in the Nasdaq .IXIC


 (Reporting by Kanishka Ajmera in Bengaluru)
 ((mail to: Kanishka.Ajmera@thomsonreuters.com))