Applied Digital (APLD) to Announce Quarterly Earnings on Monday

Applied Digital (NASDAQ:APLD) is anticipated to release its Q4 2026 results after the market closes on Monday, July 27th. Analysts expect Applied Digital to post earnings of ($0.20) per share and revenue of $96.8530 million for the quarter. Investors can find conference call details on the company’s upcoming Q4 2026 earning report for the latest details on the call scheduled for Monday, July 27, 2026 at 5:00 PM ET.

Applied Digital Trading Down 9.0%

Shares of Applied Digital stock opened at $27.19 on Friday. Applied Digital has a 1 year low of $9.79 and a 1 year high of $50.72. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.38 and a quick ratio of 2.38. The business has a 50 day moving average price of $38.80 and a 200 day moving average price of $34.54. The company has a market capitalization of $7.77 billion, a P/E ratio of -36.74 and a beta of 5.67.

Analysts Set New Price Targets

APLD has been the topic of a number of analyst reports. Morgan Stanley started coverage on Applied Digital in a research note on Thursday. They set a “buy” rating and a $36.50 price objective on the stock. Wall Street Zen downgraded shares of Applied Digital from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Citigroup restated a “market outperform” rating on shares of Applied Digital in a report on Tuesday, June 9th. Citizens Jmp raised their price target on shares of Applied Digital from $40.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 21st. Finally, B. Riley Financial reiterated a “buy” rating and set a $66.00 price target (up from $53.00) on shares of Applied Digital in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Applied Digital presently has a consensus rating of “Moderate Buy” and an average target price of $67.15.

Insiders Place Their Bets

In other news, Director Douglas S. Miller sold 10,000 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $34.98, for a total transaction of $349,800.00. Following the completion of the sale, the director directly owned 184,859 shares in the company, valued at $6,466,367.82. This represents a 5.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard N. Nottenburg sold 12,500 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $34.59, for a total value of $432,375.00. Following the completion of the transaction, the director directly owned 208,378 shares in the company, valued at $7,207,795.02. This trade represents a 5.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 35,000 shares of company stock worth $1,182,175. 9.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Applied Digital

Large investors have recently modified their holdings of the company. Situational Awareness LP raised its stake in shares of 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 period. Value Aligned Research Advisors LLC purchased a new stake in Applied Digital during the 4th quarter worth $138,380,000. BNP Paribas Financial Markets boosted its position in Applied Digital by 24,356.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,219,565 shares of the company’s stock worth $52,561,000 after purchasing an additional 5,198,223 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Applied Digital by 104.8% in the 4th 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 Applied Digital by 38,484.6% in the 4th quarter. Marex Group plc now owns 3,904,759 shares of the company’s stock valued at $95,745,000 after purchasing an additional 3,894,639 shares in the last quarter. 65.67% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Applied Digital

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

• Positive Sentiment: Several recent articles highlight Applied Digital’s growing appeal as an AI infrastructure play, with analysts pointing to long-term, contracted revenue from its data center assets and saying the stock could have substantial upside heading into earnings. Applied Digital Could Have 155% Upside Ahead of July 27 Q2 Earnings
• Positive Sentiment: Morgan Stanley’s broader view that bitcoin miners and adjacent companies with large, grid-connected power assets could benefit from surging AI data center demand may also support sentiment around Applied Digital’s asset base. Morgan Stanley sees AI data center pivot unlocking upside for bitcoin miners
• Neutral Sentiment: Investors are waiting for Applied Digital’s Q4 earnings, with previews suggesting the company may show strong AI infrastructure growth, but results could be mixed if profitability remains weak. Applied Digital Q4 2026 earnings preview: mixed results anticipated
• Neutral Sentiment: Applied Digital also appeared in a short-interest update showing no reported short interest, which does not provide a meaningful bearish signal but does indicate limited recent short positioning data.
• Negative Sentiment: Some coverage is cautioning that Applied Digital remains a cash-burning stock and that its valuation looks expensive after a strong multi-year run, which could weigh on the shares if earnings do not strongly confirm the growth story. 3 Cash-Burning Stocks We Approach with Caution
• Negative Sentiment: Another article said Applied Digital looks expensive based on value checks after its huge five-year gain, suggesting investors may be demanding more evidence of earnings power before bidding the stock higher. Applied Digital (APLD) Stock Looks Expensive After A 314% Return And Weak Value Checks

About Applied Digital

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.