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Applied Digital APLD Q2 2026 earnings

Reported January 7, 2026 · After market close

Revenue$126.6MBeat by $41.3M
EPS-$0.11Miss by $0.02
Revenue estimate$85.3M
EPS estimate-$0.09

Next report

Oct 7, 2026 (In 4 days)
Revenue estimate$116.3M
EPS estimate-$0.30

Financials

Q2 2026

Income statement

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Revenue$126.6M+98.2%
Gross profit$26.0M+126%
Operating income-$31.0M-66.3%
Net income-$14.5M+89.6%
EPS (diluted)-$0.07+89.4%

Balance sheet

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Cash & equivalents$2.3B+630%
Total debt$2.6B+469%
Total equity$1.4B+234%
Total assets$5.2B+239%

Cash flow

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Operating cash flow-$15.8M+69.7%
CapEx$552.1M+223%
Free cash flow-$567.9M-154%

Valuation & ratios

Valuation

as of 11/30/25
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Market cap$7.55B+254%
Enterprise value$7.85B+245%
P/S25.6×+15.5×

Profitability

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Gross margin51.1%—
Net margin-40.5%-16.4pp
FCF margin-455.3%-3,228pp

Returns & leverage

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Return on equity-12.7%-5.9pp
Debt / equity1.8×+0.7×
Current ratio4.8×+4.0×

Segments

By segment

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HPC Hosting Business$85.0M—
Data Center Hosting Business$41.6M—

FAQ

When did Applied Digital report Q2 2026 earnings?
Applied Digital (APLD) reported Q2 2026 earnings on January 7, 2026 after market close.
What were Applied Digital's Q2 2026 revenue and EPS?
Applied Digital reported revenue of $126.6M and eps of $-0.11 for Q2 2026.
Did Applied Digital beat estimates in Q2 2026?
Revenue beat the consensus estimate of $85.3M by $41.3M. EPS missed the consensus estimate of $-0.09 by $0.02.
How did Applied Digital's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 98.2% from $63.9M a year earlier and eps grew 83.3% from $-0.66.
Where can I find Applied Digital's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001144879-26-000002) and the 10-Q periodic report (0001144879-26-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.