APLD Applied Digital (APLD) Q3 FY26 earnings call
Applied Digital continued its aggressive expansion in AI data center capacity, with significant revenue growth driven by its HPC hosting segment and strategic financing moves. The company is focused on securing new leases, diversifying its customer base, and developing power infrastructure through its Base Electron initiative, while also spinning off its Cloud business into ChronoScale Corporation. Management aims to achieve substantial NOI targets and refinance debt at lower rates as construction progresses.
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APLD operating KPIs by quarter
| KPI | This call Feb 2026 Q3 FY26 | May 2026 Q4 FY26 | Aug 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| Operating capacity High-Performance Computing (HPC) | 100 megawattsFirst, we now operate one of the only 100-megawatt direct-to-chip liquid cooled data centers in the world online today.Source: earnings call transcript | 100 megawattsAs you evaluate these results, keep in mind that our current financials on the HPC data center side primarily reflect only the initial 100 megawatts that are online and contributing during the quarter.Source: earnings call transcript | 250 megawattsThe operational buildings encompass 10 data halls and are supported by 250 megawatts of critical IT load.Source: earnings call transcript | +150% |
| Operating sites Data Center Hosting | 2Turning to our data center hosting business, where we host 2 sites for Bitcoin mining.Source: earnings call transcript | 2This segment provides energized space for Bitcoin mining across our 2 sites in North Dakota.Source: earnings call transcript | 2Our 286 megawatts of capacity for Bitcoin mining across our 2 North Dakota sites continues to operate efficiently and provide steady high-margin revenue with minimal ongoing capital investment.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.