Applied Digital (APLD) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- -$0.01
- Estimate
- -$0.30
- Surprise
- +96.7%
- Revenue (period 2026-08-31)
- $262.8M
- Score today
- 4.8/10
Revenue source: xbrl.
How the report landed
Applied Digital (APLD) reported a narrower loss than forecast — adjusted EPS of -$0.01 against the -$0.30 estimate (a 96.7% beat on a still-unprofitable quarter).
Coverage in the report window
- APLD CEO Sees 'Scarcity Value' Driving AI Data Center Lease Rates by Over 15% on 250MW Expansion — benzinga, 2026-10-08
- Needham Maintains Buy on Applied Digital, Lowers Price Target to $70 — benzinga, 2026-10-08
- Applied Digital CEO Says AI Demand Is Near Maximum — benzinga, 2026-10-08
Where TrendMatrix's rating stands now
TrendMatrix currently rates APLD Sell at 4.8/10; no pre/post engine snapshot brackets this report.
3 of the last 4 quarters beat the estimate; this quarter's +96.7% surprise compares with a +115.2% four-quarter average.
What argues against it
- Concentration risk — Customer: one customer 93% of revenue (93.0%)
- Concentration risk — Customer: four customers 100% of revenue (100.0%)
- Quality below floor (2.1 < 4.0)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $23.81
- Price target
- $58.11
- Stop
- $22.69
- Upside to target
- +144.1%
- Reward-to-risk
- 11.1:1
Risk check: trading volume is running 2.5× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-08 — shown for context, not personalized investment advice.
APLD at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Information Technology Services
- Market cap
- $7.12B
- P/E (fwd)
- -49.2
- 52-week range
- $19.00–$50.73
- Off 52-week high
- 53.1%
- RSI (14)
- 40
- Volume vs avg
- 2.49×
- Score today
- 4.8/10