Applied Digital Q3 revenue surges 139% to $126.6M; adjusted net income $33.2M

Applied Digital Corp.

2026-Q3 EPS reported -$0.51 revenue$352,562,000

Revenue $126.6M, up 139% YoY; net loss $100.9M (-$0.36) due to $59.7M write-down of Cloud Services.
Adjusted net income $33.2M ($0.09/diluted) vs loss of $2.6M prior year; Adjusted EBITDA $44.1M.
Subsequent: Completed $2.15B 6.750% Senior Secured Notes due 2031 to fund Polaris Forge 2 campus.
Broke ground on 430 MW Delta Forge 1 AI Factory; initial ops mid-2027; CoreWeave lease enhancements with $50M LC.
Data Center Hosting segment operating profit $13.9M on $119.6M assets.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Applied Digital Corp. reported third fiscal quarter ended February 28, 2026 results: revenue Revenues: $126.6 million, net income Net loss attributable to common stockholders: $100.9 million, EPS Net loss attributable to common stockholders per basic and diluted share: $0.36.

Period: third fiscal quarter ended February 28, 2026
Revenue: Revenues: $126.6 million
Net income: Net loss attributable to common stockholders: $100.9 million
EPS: Net loss attributable to common stockholders per basic and diluted share: $0.36
Result: reported results

Exact text from the filing

Fiscal Third Quarter 2026 Financial Highlights • Revenues: $126.6 million, up 139% from the prior year comparable period • Net loss attributable to common stockholders: $100.9 million, down 179% from the prior year comparable period • Net loss attributable to common stockholders per basic and diluted share: $0.36, down 125% from the prior year comparable period

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Source: SEC EDGAR

accession 0001144879-26-000029

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