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Benzinga

Business

Avi Kapoor

Applied Digital Analysts Boost Their Forecasts Following Upbeat Earnings

Applied Digital APLD

Applied Digital Corporation

Applied Digital Corp (NASDAQ:APLD) reported better-than-expected financial results for the first quarter of fiscal 2026 after the market close on Thursday.

Applied Digital reported first-quarter revenue of $64.22 million, beating analyst estimates of $49.99 million, according to Benzinga Pro. The digital infrastructure provider reported a first-quarter adjusted loss of three cents per share, beating analyst estimates for a loss of 13 cents per share.

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