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Applied Digital APLD Q4 2026 Annual earnings

Reported July 27, 2026 · After market close

Revenue$258.7MBeat by $161.9M
Adjusted EPS$0.04Beat by $0.13
Revenue estimate$96.9M
EPS estimate-$0.09
“We call it our franchise model — a core team of design, construction, and operations professionals replicated across every campus, in each market. Combined with our proven supply chain and design approvals from every major hyperscaler, we believe this repeatable, differentiated platform is why we have emerged as one of the clear leaders in AI infrastructure.”
Wes Cummins

Next report

Oct 8, 2026 (in 2 months)
Revenue estimate$111.1M
EPS estimate-$0.24

Financials

Q4 2026

Income statement

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Revenue$258.7M+407%
Gross profit$97.3M-13.3%
Operating income-$124.8M—
Net income-$82.4M-56.9%
EPS (diluted)-$0.40-73.9%

Balance sheet

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Cash & equivalents$1.6B+1,191%
Total debt$5.1B+511%
Total equity$1.7B+245%
Total assets$9.9B+431%

Cash flow

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Operating cash flow$132.5M—
CapEx$1.3B+550%
Free cash flow-$1.2B-504%

Valuation & ratios

Valuation

as of 08/03/26
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Market cap$7.89B+116%
Enterprise value$11.42B+162%
P/S13.7×-2.3×

Profitability

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Gross margin32.2%-23.4pp
Operating margin-45.8%—
Net margin-32%-13.0pp
FCF margin-481.8%+297pp

Returns & leverage

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Return on equity-16.6%-7.3pp
Debt / equity3×+1.3×
Current ratio4×+3.7×

Segments

By segment

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HPC Hosting Business$203.0M—
Data Center Hosting Business$37.3M-1.8%

FAQ

When did Applied Digital report Q4 2026 earnings?
Applied Digital (APLD) reported Q4 2026 earnings on July 27, 2026 after market close.
What were Applied Digital's Q4 2026 revenue and EPS?
Applied Digital reported revenue of $258.7M and adjusted eps of $0.04 for Q4 2026.
Did Applied Digital beat estimates in Q4 2026?
Revenue beat the consensus estimate of $96.9M by $161.9M. EPS beat the consensus estimate of $-0.09 by $0.13.
How did Applied Digital's Q4 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 580.7% from $38.0M a year earlier.
Where can I find Applied Digital's Q4 2026 SEC filings?
You can read the 8-K earnings release (0001144879-26-000044) and the 10-K periodic report (0001144879-26-000048) directly on SEC EDGAR. The filing index links above go to sec.gov.