| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 262.76 | 309.2% |
| Total Income | 262.76 | 309.2% |
| Expenditure | 404.25 | 367.3% |
| PBT | -166.12 | 533.1% |
| Net Profit | -184.06 | 987.2% |
| OPM | -23.74% | 10.98pp |
| NPM | -70.05% | 43.69pp |
| EPS | -0.82 | 1071.4% |
Applied Digital Reports Fiscal First Quarter 2027 Results
08 Oct 2026 · 19h ago
Summary
Applied Digital Corporation reported fiscal first quarter 2027 revenues of $341.9 million, a 322% increase year-over-year. The company also highlighted adjusted revenue of $300.4 million and adjusted EBITDA of $64.4 million, significantly up from the prior year. Despite a net loss attributable to common stockholders of $221.0 million, management expressed confidence in their strategy to become a category leader in AI factories, emphasizing long-term contracts with tier-one hyperscalers and strategic expansion, including a new power capacity agreement in Finland.
Key Highlights
- 1
Revenues for the fiscal first quarter ended August 31, 2026, were $341.9 million, representing a significant increase of 322% from the prior year comparable period.
- 2
The company reported a net loss attributable to common stockholders of $221.0 million, or $0.76 per basic and diluted share.
- 3
Adjusted revenue, a non-GAAP measure, was $300.4 million for the fiscal first quarter 2027, compared to $64.2 million in the prior year period.
- 4
Adjusted EBITDA, a non-GAAP measure, reached $64.4 million for the fiscal first quarter 2027, a substantial increase from $0.5 million in the prior year period.
- 5
The company signed a 210 MW, 15-year lease at Delta Forge 2 with a tier-one hyperscaler customer, representing approximately $5.2 billion of base-term contracted revenue.
- 6
Phase 1 of Building 2 at Polaris Forge 1, totaling 75 MW, was delivered Ready for Service on July 1, 2026, bringing the campus's total live capacity to 175 MW.
- 7
Subsequent to the quarter, the second 75 MW phase of Building 2 at Polaris Forge 1 was delivered, increasing total live capacity at the campus to 250 MW.
Management Comments
Wes Cummins
Our goal is to establish Applied Digital as the category leader in the design, construction, deployment, and operation of purpose-built AI factories. We are building for the long term, with a clear focus on developing large-scale, sustainable AI factory campuses and securing durable, high-quality, long-term contracts with proven, tier-one, investment grade hyperscalers that are leaders in the AI industry. As new data center development becomes more difficult in certain markets, we believe the scarcity value of established, powered, and community-supported campuses increases. Put simply, we view every new restriction elsewhere as making what we already own harder to replicate. Our approach has always been simple: do it the right way. We don’t just build in communities. We build with them.
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