$26.37+0.46 (+1.78%)
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America.
Applied Digital Corporation in the Technology sector is trading at $26.37 with a market capitalization of $7.4B. Wall Street consensus targets $74.23 (11 analysts), implying a +181.5% move over the next 12 months. The stock is currently 48% below its 52-week high of $50.73, remaining 18.1% below its 200-day moving average. On fundamentals, Piotroski 5/9 shows mixed financial quality, Altman Z in the distress zone. Risk note: MACD remains below its signal line. The Whystock Score of 70/100 reflects bullish alignment across trend, valuation and analyst targets.
| Metric (USD) | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|
| Total Revenue | — | $126.64M | $126.59M↑ | $64.22M↑ | -$33.30M |
| Gross Profit | — | $53.80M↑ | $26.04M↑ | $8.61M↓ | $27.81M |
| Operating Income | — | -$25.92M↑ | -$30.96M↓ | -$20.54M↓ | $11.60M |
| Net Income | — | -$99.30M↓ | -$17.51M↓ | -$16.93M↑ | -$52.54M |
Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting, and HPC Hosting Busine...

About $36 billion of 15-year contracted rent is on the books -- but almost none of it arrives until billions more in construction gets finished.

APLD's heavy capital needs, rising debt, delayed revenue ramp and dilution risks weigh on shares despite a $36B contracted AI pipeline.

Applied Digital's revenue has doubled in two quarters, while IREN's has fallen 43% from its peak — a widening gap that reshapes the competitive picture.

Applied Digital trades at a lower valuation multiple, but IREN's transition to AI services comes with lower leverage, a key tradeoff for growth investors.

Applied Digital (APLD) has fallen 44.3% over the past three months while the S&P 500 returned 1.4%, and at about $24.90 the stock sits roughly 50% below its 52-week high. It still trades at 12.4 times sales against 3.2 for the S&P 500. Both are true at once, because the price has little to do with the business you can see today.