Applied Digital shares rise 30% premarket as Q1 revenue beats expectations

Applied Digital shares rise 30% premarket as Q1 revenue beats expectations

Applied Digital Corp (NASDAQ:APLD) saw its shares surge by 30% in pre-market trading on Thursday, September 12, 2025, following the company's release of its fiscal first-quarter 2026 earnings report. The digital infrastructure provider reported revenue of $64.2 million, which exceeded analyst estimates of $49.99 million . This significant increase in revenue, up 84% year-over-year, was driven by robust demand for digital infrastructure services .

The company also announced an adjusted loss of three cents per share, which was better than the estimated loss of 13 cents per share. Additionally, Applied Digital secured an additional 150 MW lease for its Polaris Forge 1 campus, bringing the total contracted lease revenue for the campus to approximately $11 billion over the next 15 years .

Wes Cummins, Chairman and CEO of Applied Digital, commented on the results, stating, "We feel this third lease validates our platform and execution, positioning Applied Digital as a trusted strategic partner to the world's largest technology companies." He further noted that the company is well-positioned to benefit from the expected $350 billion investment into AI deployment this year .

The strong performance in Q1 has positioned Applied Digital as a leader in the digital infrastructure space, with a focus on AI-related data center deals. As the market continues to grow, investors are optimistic about the company's potential for future growth.