APLD Applied Digital (APLD) Q1 FY27 earnings call
A transition quarter where Applied Digital shifts from portfolio-building to execution, with delivered capacity and funding de-risking the contracted backlog. Reported profitability is noisy from fit-out pass-through and mark-to-market items, so recurring base rent and the pricing of expansion leases are the true tells. Management is positioning scarcity of powered campuses as a pricing lever.
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APLD operating KPIs by quarter
| KPI | Feb 2026 Q3 FY26 | May 2026 Q4 FY26 | This call 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.