Applied Digital Corporation (NASDAQ: APLD) - Q4 FY26 Financials Highlights

Applied Digital Corporation (NASDAQ: APLD) - Earnings Call Summary for Q4/2026

• Huge quarter: Revenue jumped 407% sequentially to $258.7 million, beating expectations by a wide margin. FY26 revenue reached $611 million, up 167%.
• AI data center business is booming: HPC hosting generated $203 million in Q4 revenue. Adjusted EBITDA jumped to $42.4 million from just $1 million in the previous quarter.
• $36 billion in future contracts: Contracted lease value reached $36 billion, with 1.41 GW of committed capacity and potential visibility to more than 5 GW by 2032.
• $1 billion NOI target much closer: Management now expects to reach a $1 billion annual NOI run-rate within one year, three years earlier than originally planned.
• Risks remain: The company has around $5 billion of debt, while more than 80% of revenue comes from one hyperscaler customer, creating significant financial and customer concentration risks.

Applied Digital Corporation (NASDAQ: APLD) vs NASDAQ - Relative Strength Comparison

Applied Digital Corporation (NASDAQ: APLD) - Price Performance

Applied Digital Corporation (NASDAQ: APLD) - Technical Analysis (Daily)

• Rising channel breakout confirmed – Price broke above a multi-year rising channel, signaling a stronger bullish trend.
• Post-breakout retest underway – Price has pulled back to retest the former channel resistance, which is now acting as key support.
• Breakout level holding – Price is stabilizing near the retest zone. Holding this level could support a renewed bullish move.

Applied Digital Corporation (NASDAQ: APLD) - Oscillators

Applied Digital Corporation (NASDAQ: APLD) - Exponential Moving Averages (EMAs)

Conclusion - Applied Digital Corporation (NASDAQ: APLD) Stock Price Forecast

Based on our short term US stock trading recommendations, Applied Digital Corporation stock price target will be USD 27 - USD 27.5 in the next 12-14 trading sessions.